On his blog at fullcontactpoker.com,Daniel Negreanu shared some end-of-year accounting with the public along with his goals for the new year. It’s rare to get such an in-depth look at a top professional player’s results, but Negreanu freely shared detailed results from the last five years.
According to Negreanu, one reason for his sharing is to dispel one of the great myths in the poker world that high rollers who cash for large amounts of money like $2 million are big winners on the year, a point he hammered in via a Twitter poll.
- Daniel Negreanu is easily the most recognizable poker player on the planet. It’s also safe to say he has already earned the status of a true Poker Legend. GGPoker proudly calls him one of our own. It is within the live poker sphere where Daniel is best known for his table exploits.
- Daniel Negreanu Posts Back-to-Back Losing Years, Sets Goals for 2018. On his blog at fullcontactpoker.com, Daniel Negreanu shared some end-of-year accounting. Check out our online poker.
15:30 20 Dec. While promoting the freshly announced PokerStars Players Championship, Daniel Negreanu had a quick Q&A with USA Today where he revealed which of the hands he lost hurts him the most still. Negreanu’s successful poker career spans over two decades so the Canadian pro undoubtedly lived through countless bad beats and coolers, on both the winning and the losing end.
In 2017 I cashed for $2,792,104. Do you think I spent more or less than that amount I cashed for?
— Daniel Negreanu (@RealKidPoker)“I think my 2017 was a good illustration of the illusion that players cashing for $2 million in a single year is a great accomplishment. In the old days, before super high rollers, you could all but guarantee that cashing for $2 million would mean the player had a winning year. Well, the truth is, if a player plays the full high roller schedule and cashes for $2 million, they are all but certain to have had a losing year, and that’s before expenses.”
Last Five Years
For Negreanu, after posting $2,874,164 in buy-ins in 2017 and cashing for $2,792,104, he booked a loss of $86,140. He points out that considering his average buy-in on the year was $40,481 across 71 events, the loss is minimal and very close to break-even. That said, it technically represents the second year in a row that Negreanu’s tournament books ended in the red.
In 2016, Negreanu recorded a loss of $1,246,693 with an average buyin of $31,558 across 49 events. Fortunate for Negreanu, the three preceding years he booked nearly $10 million in tournament profits, including a very healthy +$7.1 million 2014 thanks in part to a second-place finish in the $1 million buy-in WSOP Big One for One Drop.
Negreanu also shared that unlike many of the high roller regulars, he uses his own money to buy in to poker tournaments that he decides to play. The exception this year will be the Big One for One Drop, for which he plans to sell around 50% of his action — with no markup.
Goal Review
In his “2018 Annual Poker Goals Blog,” Negreanu reviewed his 2017 goals to see how he fared, providing the caveat, “The goals I set are lofty, so I’m really not attached to the results in terms of seeing the year as a success or failure, but I’m a big believer in setting hard to reach goals.”
He assessed his achievement of five of his eight goals for last year as “a good result and above expectation.” Those five goals were: cash for $2.5 million, cross the 100 cashes mark at the WSOP, end the year #1 on the all-time money list, win $250K playing cash games and produce more content for poker fans.
The three goals he fell short on were lofty indeed: win three WSOP bracelets, win WSOP Player of the Year for the third time and make the November Nine (WSOP Main Event final table).
New Wave of Goals
So what does the all-time poker tournament money leader hope to accomplish in the new year? Here’s a look at Negreanu’s ten poker goals for 2018.
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- Top $40 million in live earnings
- Win a WSOP bracelet
- Get to 115 WSOP cashes and/or close gap on Phil Hellmuth
- Profit $2 million
- Finish year top 30 in GPI
- Final table SHRB or One Drop
- Win Poker Masters or US Poker Open
- Hang on the #1 spot on the all-time money list
- Win a Super High Roller
- 120 hours of poker study
Though as he mentioned, his attainment of these goals should not determine whether or not the year is a success or failure, Negreanu will undoubtedly be pleased to meet many of them. Perhaps he can conduct a Twitter poll to see how many of his goals people think he will reach this year.
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Daniel Negreanu knows something about winning at poker. After all, he's currently the all-time winningest player in terms of tournament earnings, having amassed over $33 million to date.
A key to being a winning player, of course, is being able to diagnose your own game correctly, especially when it comes to identifying leaks and/or bad habits negatively affecting your bottom line. It's no surprise, then, that the Team PokerStars Pro has some thoughts to share about what might be causing players to lose at poker — the subject of a recent video on Negreanu's YouTube channel.
See below as Negreanu takes a few minutes to describe the 'Top 5 Reasons You're Losing at Poker.' As he explains, experiencing bad luck could well be part of what's causing the losing — especially over the short-term — although Negreanu ranks that low on his list of probable reasons for why some lose consistently.
According to Negreanu, other reasons for losing at poker concern things we can control, including falling into predictable patterns with our play and making ourselves exploitable, practicing poor game selection and playing with opponents who are much better than us, and lacking fundamentals.
Daniel Negreanu Poker Class
Negreanu also addresses that big killer of bankrolls, tilt (in its many forms), and offers a concrete tip for conquering tilt at the tables. Take a look:
Negreanu Poker Training
For more advice about addressing common mistakes and decreasing the chances of losing at poker, check out the following articles:
Everybody needs an account at one of these online poker rooms! They're the biggest, the best, and we get you the best poker bonuses. Check out our online poker section for details on all the online poker rooms around.
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