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The Poker frat house

the poker frat house

Somewhere in Maryland there is a special house which is the home of seven poker players who are trying to make it big. They live nearby a Maryland based casino where they spend most of their poker playing time. They will go on stints of eight, twelve and sometimes even thirty hours at a time before they retreat back to this four-bedroom poker haven that they’ve created. Chad Power is the one who created this house and recruited all of the other players, in an effort to make a living out of professional poker.

The seven players, ranging in age from 25 to 33, don’t just bunk together for convenience. They are essentially shift workers in this poker factory that Power has created and has been operating for the past four years. He personally recruited and trained each of his roommates. He stakes their play, sometimes with big rolls of several thousand dollars at a time, and then evenly splits all of their profits. This is an arrangement which is well known in the online poker world but not so much with live casino players.

This arrangement of living together not only saves money, Power said, it makes it easier for him to mentor his players and keep up with the accounting. Power and one of his roommates just recently both earned $262,000 before taxes at one of the three final tables at the WSOP Event in Las Vegas. This will leave a spot open as the roommate has decided to move into his own place and continue playing by himself. While this seems like a nice arrangement, not a lot of people could keep it up.

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