Chris Moneymaker: From Degen Gambler to Taking Minimal Risks3 weeks ago
The former accountant, who admits to being a degenerate gambler and often broke during his college days at the University of Tennessee, quickly put those degen habits behind him after becoming a poker millionaire. Moneymaker went so far as to not spend even a dime of his riches for a full five months following the 2003 victory that brought hordes of new players to the game.
“I didn’t buy anything, I put it in the bank," Moneymaker told the Independent. "I said: ‘I don’t want to f*** this up.’ I’d seen all of those stories about lottery winners who lost all of their money in a few years."
How many degen gamblers do you know that would be able to sit on $2.5 million for almost half a year? Moneymaker did it, and continued working as an accountant during that time.
Two Cashes, Two Big Scores
But crunching numbers and balancing ledgers for a living eventually took a back seat to the lure of poker. If the WSOP victory wasn't enough to convince Chris that poker was his destiny, perhaps his next live cash did the trick.
In March of 2004, a 2nd place finish at the $5,200 WPT Bay 101 Shooting Stars added another $200,000 to his burgeoning bankroll. In the ensuing years, Moneymaker has cashed for another $1 million, putting his live winnings to date at $3,704,161.
A lot of the tournaments Chris enters are events with buy-ins of just a few hundred dollars or so. Not what you might typically see from a former WSOP Main Event champ, and a former degen gambler to boot.
"I don’t like risk, and I’ve nothing left to prove," Moneymaker said. "I work with PokerStars and get a bunch of great opportunities, I live the life I want, and I’m happy.”
A simple and happy poker-playing life.
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