Poker pro Charlie Carrel openy warns against using big money for staking

English poker pro Charlie Carrel has been running and playing really well latetly - he made over $2.5m in live tournament cashes since last October, including a $1.2m score just just week (2nd place finish in the PSC Bahamas $100k Super High Roller). Carrel put up his shares for sale at staking site and sold out in a flash after his latest performance. However, Carrel had some wise words for potential investors at the player staking online market, warning them of the potential hazards of putting all the money into one place.

Reaching out to his fans on his facebook page Carrel said:
“As much as I have been hammering home the Stakekings stuff, as it is good for my career – just a warning to non-poker peeps, as Stakekings snap sold out after my 2nd place finish: Despite my ridiculous run these past few months, I have been subject to extremely good fortune and this won’t continue forever. Please don’t put large percentages of your net worth on one or a few tournaments.
Although they are likely profitable investments, the way tournament poker works dictates that, more often than not, you will lose the money (and when you win, you tend to win big). So if you do want to bet, spread smaller bets over more tournaments. There will be more opportunities in the near future” ????

Carrel, who is still only be 22 years of age, made over $5,000,000 in just three years he's been playing poker.

Carrel puts his financial savvy down to his upbringing, saying in a 2014 interview “I was brought up in a household that didn’t have a lot of money, so I was taught the value of it from very early on.”