High Stakes Report

Watch people win and lose hundreds of thousands of dollars every day - This is a fascinating blog that follows all the high stakes online poker action at every hour of the day. Just scan a few of the stories and your eyes will be opened to what goes on at the online card rooms and how truly volatile the life of a professional gambler is. Literally millions of dollars are won and lost online in the middle of the night while the rest of the world sleeps.

If you follow poker, you will recognize a lot of the names in the headlines: Phil Ivey, Eli Elezra, Gus Hansen, John Juanda, and Dave Benyamine to name a few. But the really interesting stories are those involving the "anonymous" players, who are known only by their online usernames. Nobody knows who they are, but they routinely play against the pros. And once in a while you'll read some incredible story of some no-name player getting DESTROYED, basically losing upwards of $800K in three hours against a pro before calling it quits and going to bed.

I wonder who these people are that have the time and the actual bankroll to play at these levels. Are they aspiring professional gamblers or just some rich hedge fund managers looking for some late night fun to cure their insomnia?