German poker professional Fedor Holz revealed that he lost $1,500,000 playing online poker in 2021. Holz expected 2021 to be a comeback year for him, but it turned out to be the worst year of his poker career. Holz asserts that he sold half of his action, so it isn’t as terrible as it seems since he is only down $700,000 playing with his own money. He also points out that, despite his outrageously colossal loss, it only comes out to approximately 40 buy-ins, a reasonably small downswing for a tournament player.
Furthermore, the German pro indicated that he played only 500 online tournaments in 2021. It is a small sample compared to the 5000 online tournaments he played in 2016. With an average buy-in of $3,500 and a few $10,000 and $25,000 events, this is a decent year for a high-stakes player and helps put the results into context.
Compared to 2020, Holz made $2,000,000 by playing events with an average buy-in of $3,500. On the other hand, Holz had a greater win rate and a smaller average buy-in of roughly $400. Currently, he competes against stiff competition with a lower win percentage but a considerably larger buy-in, which reflects his dismal results. Holz is convinced that he is on the ugly side of variance but will soon turn things around.
Holz smirked as he reflected on his 2021 performance, indicating that he was attempting to adjust to his poor performance psychologically. Holz feels he can defeat the field and run awful over a few hundred thousand games, and that’s what he signed up for, and he has to put in more volume. Holz’s losses highlight how difficult it is to compete with the world’s best players while remaining profitable.
By far the most successful player, the German tournament prodigy often streams for his fans, and it’s always worth tuning in. If you want to watch a great player in action with their hole cards visible, this is the player for you.
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