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  18-Feb-14, 16:26   #1
Full Tilt paid Ivey 0 
av1966 
Joined: Mar '09
Location: Portugal
Age: 50 (M)
Posts: 1500
It´s been said that Full Tilt paid Ivey $900k a MONTH almost 12 million a year

How do they make money? On rakes?

That's a LOT of money in rakes, no ?

That's just crazy. Never stopped to think how much rake added up running constantly.
Now imagine want now( Pokerstars +FullTilt ) are making?

For me no problem as long they keep on providing a good service and fare rake

     
  18-Feb-14, 17:08   #2
  0 
Heskor 
Joined: May '13
Location: Mauritius
Age: 25 (M)
Posts: 2659
wow where did you find that piece of information and yeah paying 900k per month to me and I will live like a king and stop playing poker altogether and invest in other stuffs. All great players make a lot of money, now just imagine Bloom rake and winnings combined.

It will sure be more than Ivey earning. Cheers nice piece of information did not know!! Anyway keep those pieces of info coming, they interesting!

     
  18-Feb-14, 18:13   #3
  0 
BeMyATMplz 
Joined: Feb '11
Location: Germany
Age: 23 (M)
Posts: 1854
Where did you find that information? I can't really believe it.
Most contracts (especially the pokerstars pro contracts are known for it) are based on a % of rakeback the player gets, for pokerstars pro's it's 100% Rakeback as far as I know.
If the ivey contract is similar then there is no way he raked that much, even if he had a much better deal this wouldn't be the case. Given that fulltilt took back then only $1/hand in rake max., this would at a HU table make $0.50 in rake for ivey per hand that went to the flop.. now you can do the rest of the math..

     
  18-Feb-14, 18:17   #4
  0 
mahdrof 

Joined: Nov '09
Location: Canada
Age: 47 (M)
Posts: 2367
With a little bit of sleuthing you will find that during his divorce proceedings, his wife claimed he was receiving $920,000 a month from FT.

     
  18-Feb-14, 18:47   #5
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 39 (F)
Posts: 10016
If he was getting that much every month he didnt need to invest
anything out of his pocket, to play ring games in the first place.
I really wonder if any poker player today really worth paying that much.

     
  19-Feb-14, 10:13   #6
  0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 47 (M)
Posts: 5533
That is some wage to be earning and he is a very lucky man. They must be making an immense profit to be paying one man such a wage and i wonder how many others are on this amount. Good luck to him though and give us a job FullTilt!!!!

     
  19-Feb-14, 10:26   #7
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 8628
according to botwsanian national security agent (currently residing in north korea), ivey was paid ~900K a month to be able to play the nosebleed games. this was done because full tilt management had lots of extra funds and no idea where to invest it, basically they had a choice of investing cash into the new "poop into marshmallows" project launched in china or a 50% share on ivey's profits...guess what they chose?

     
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