College Drop Out Earns Over $8.5 Million Playing Poker
November 13, 2009
The slogan ‘Don’t be a fool, stay in school’ has long been something that every parent has told their children at least once in their life, with their kids fighting to make it through the college years but on young mans parents will be definately thinking that their son made the right choice after his latest win at the poker tables.
21 year old Joe Cada decided that he was going to drop out of school and become a professional gambler, with poker his chosen game.
The young professional managed to make the gamble pay off for him in the end, winning the recent World Series of Poker main event and staking his claim to more than $8.5 million in tournament prize winnings.
With so many household names entering the tournament every year, all with an eye on the top spot, Cada was set to be up against the odds as some of the biggest names in poker took to the tables.
Cada managed to keep his head and eventually won the tournament, claiming his $8.55 million in prize money and a nice new WSOP Winners Bracelet to boot.
Cada started playing poker online at the age of 16 and began to get a real feel for winning, making a fair amount in his time at the tables. This later lead him into the decision that he was going to drop out of college to chase his dream of winning huge amounts of cash playing a game that he loved, poker.
Cada was lucky in his dream, with the 21 year old player openingly admitting that he took a risk when he decided that his path in life was going to revolve around playing poker and placing money at stake at every outing that he was going to participate in.
The World Series of Poker winner told media that “There is definately a career to be made from the game, but you had to be very careful when you make the decision because more players lose than win.”
The young professional poker player warned other players who were thinking about making the move away from working their jobs or participating in college that gambling can cause the lowest of feelings aswell as offering one of the highest that he has experienced. The player said “They don’t really know the behind-the-scenes, because you go through big up-and-down swings. At the beginning of poker, when I lost $40,000 or $50,000, I maybe acted differently than I normally was.”
The vicotry will mean that the player will have a fair amount of backing, taking home 50% of the prize money himself after seeking financial backing from two other parties to help the player raise the $150,000 buy in fee to the tournament.
Cada isn’t big enough to be classified as a household name at the moment but a couple more showings like this one will mean that the poker world will have to sit up and take notice of the young pro.
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