POKER INFO - PROILE - Chris Moneymaker

Moneymaker is the classic example of a slightly above-average player hitting it big.The donkeys keep playing and donating their money to the pros because they see guys like Chris Moneymaker.He will have ZERO staying power in the poker world, as poker is a game of long term- measured in months and years- and he just doesn't have the chops to make it.Luck wins you hands, and luck can even win you tournaments (including the WSOP). Luck doesn't give you a poker career.Career poker players win over the long term. They can sit in a ring game with $1,000,000, lose every dime of it and be back a month later with the same sized wad to win a few million more. They take their losses as they come and know that in due time, they will be back up again. Moneymaker is an example of someone who was very, very fortunate at the right time in a huge tournament in a game that was exploding in popularity (and had a fantastically marketable last name) who won't last in poker.He should have taken 3/4th of his after-tax winnings and put it in a mutual fund. It will yield him a far better return than his poker skills ever will.In a few years, you too can have your taxes done by an accountant who is also a former WSOP winner.