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Good poker players are good bussiness people?

  2-Mar-12, 12:03   #1
Strange question? 0 

Joined: May '08
Location: Netherlands
Age: 47 (M)
Posts: 6197
Maybe a bit strange question.
Would some poker players be good bussiness people?
I mean good high stake players earn $1M/$3M a year, could some make more with bussiness with their experience of poker (math, reading people, ect)
Some are gamblers, some are total math machines, especially the math machines could they be good bussiness men?

Just wondering, strange question i know.

  2-Mar-12, 13:26   #2

Joined: May '09
Location: India
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i think it depends on the business to business, most business involve much more than mathematics and reading people.
marketing, inter-personal skills, man management are more important imo

  2-Mar-12, 13:36   #3

Joined: Oct '09
Location: Belgium
Age: 54 (M)
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I'm with SuperNoob on this one.

Poker is a "lonely" business (live and much more online).
I think a lot of them are lacking in the inter-personal skills.

Just my opinion.

  2-Mar-12, 13:57   #4

Joined: May '08
Location: Germany
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Depends on the type of player and the type of business. I doubt, many people will view Matusow as an ideal businessman. But Fergusson and Lederer showed how it is done... oh wait

  2-Mar-12, 14:16   #5

Joined: Apr '09
Location: Portugal
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After what we read about FT, we are obligated to answer “No”. But the truth is: a good poker player player has necessarily good knowledge about management, and knows when is the best time to invest, at least during a poker game. That doesn’t mean he manages well the money he has in the bank, or that he knows what are the best moves to do with the money on the bank account to turn his family wealthier.

  2-Mar-12, 14:47   #6

Joined: Oct '10
Location: United Kingdom
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I would expect them to be good negotiators (reading people, bluffing etc) but you need more than just good negotiating skills to be a successful businessman.

  2-Mar-12, 15:03   #7

Joined: Aug '08
Location: Canada
Age: 37 (M)
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Runs the gamut. Would u let Victor Bloom invest your money?

Poker is a bad job because you can't make money unless you play. Some players are better then others at promoting themselves. Reading about Elky for instance and how he actively pursued a Sponsorship from Stars tells em he is more proactive then say Dutch Boyd (watched a utube video fo him wasted, great interview tho but so bad for business)

Personally i think the value of a dollar is all but lost on most players. For that reason alone i would say no on average.

  2-Mar-12, 15:26   #8

Joined: Mar '08
Location: United Kingdom
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I guess this derives from what Doyle said.
Here is the thing, to have a business netting you 1-3mill a year it takes a lot of work and a lot of time, so most would not be interested, though lots actually do have business, but don't have to run them themselves, just fund.
I'm quite sure lots of them would be good business men, but again they don't need to be, that's not down to poker skills etc, that's down to mind set.
If you want to relate to poker skills, then yes there are jobs, not business, that would make them much more, like stock broker.
Not stupid, but it does imply that bad poker players would make good business men if good aren't and that good business men would make good players.

So in short, its got nothing to do with playing poker if they make good business men or not, I vote irrelevant.

  2-Mar-12, 19:15   #9
Joined: Mar '09
Location: Greece
Age: 41 (F)
Posts: 12135
While sometimes even business people cant get a break and run a succesfull business
for this one i would say no.
I dont think so that they would do good in that sector unless that was involving
a good investment.

With the money that many of those players have and with a good sucessfull investment
they could clear much more money than they do now with poker and with less risk.

  2-Mar-12, 22:43   #10

Joined: Jan '11
Location: United States
Age: 54 (M)
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Not just anyone can be a business oriented individual with managerial skills to make it. I believe there's players that can and are, but not every good poker player could make the proper decisions and handle the responsibilities to be benificial in marketing, investing or assisting a team to become a profitable organization.
What I do believe is anyone can learn to do this and even after initial failures in their attempts as long as they hang in there they could prevail. Anyone can learn if they want and as long as have the access to developing their skills. Remember that there are people in our world that don't even get an opportunity to learn and that's ashame.

  2-Mar-12, 22:45   #11

Joined: Dec '11
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Do you really believe that highstakes players have a lot of millions?! Just think a little and make a conclusion and ull get answer..

  3-Mar-12, 00:16   #12

Joined: Apr '09
Location: Australia
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Maybe a "professional poker player" could viewed a good business person - if you considered only people who had great discipline, bankroll management, etc.

However - "good poker players" includes a lot of excellent cards players, who are also complete degens in life (and often in poker, certainly with other gambling games).

And also as SuperNoob points out, there's a lot of other skill involved in business. If anything, good maths and analytic skills probably just makes you a good accountant. Business is a whole other game.

Oh - the business-like ability I've most often seen people say they can transfer their poker abilities to is being a stock trader.. Which, once again - isn't exactly being a 'business person' - but nonetheless - I've seen countless threads on various poker forums suggesting there may be a cross-over in talents for these two endeavors.

  3-Mar-12, 18:06   #13

Joined: Oct '08
Location: Germany
Age: 43 (M)
Posts: 1968
Posted by doomdy:
Would some poker players be good bussiness people?

some garbageman would be a good businessman if they had the opportunity and education.
this "reading people" is overrated imo, doubt you can read my mind if im telling the truth or not, except your the mentalist Big Smile
beside that you need alot other skills than math, the math skills that are required in poker every 8y old child learns it in the 3rd class, not like pokerplayers are math genuis Smile

  3-Mar-12, 18:50   #14
Joined: Jan '12
Location: Belgium
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Posts: 32
In bussiness we have the 3 P's

maybe the 4th POKER .

  3-Mar-12, 19:29   #15
Joined: Aug '10
Location: Germany
Age: 46 (M)
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The Full Tilt Pro´s with Full Tilt shares are good poker players, but it seems, they are bad business men Blink And i didn´t see big business people with poker skills...

  3-Mar-12, 21:49   #16
Joined: Feb '12
Location: Romania
Age: 35 (F)
Posts: 1
yeah you re right man!

  4-Mar-12, 01:14   #17

Joined: Apr '11
Location: Canada
Age: 62 (M)
Posts: 1222
would seem if one is an accomplished poker player there is the possibility of involvement in a poker related business...makes for a natural fit. As far as business in general, can't see it only becoz many would question ones ethics when they find out one is/was a poker pro. May not be the reality
but the perception would be there. There are some areas where business and poker cross over....
although not enough of these to allow prople to go back and forth, only in exceptional cases will this occur. On average, not likely.

  4-Mar-12, 13:40   #18

Joined: Nov '10
Location: Serbia
Age: 31 (M)
Posts: 2077
Posted by Maiju1974:
In bussiness we have the 3 P's

maybe the 4th POKER .

I see we studied same thing Smile

  7-Mar-12, 02:55   #19
Joined: Sep '09
Location: Canada
Age: 43 (M)
Posts: 776
were Ray Bitar, Chris Ferguson and Howard Lederer good business people?

  7-Mar-12, 04:27   #20
Joined: Apr '11
Location: Romania
Age: 29 (M)
Posts: 6668
I really think that poker is something different than buisness but being good at poker is seems you are intelligent and also you have a good self control so i think those can really help in buisness too Blink

I know many buisness man that play poker just for fun and gamble a lot...

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