Living From Online Poker

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Making a living through online poker is possible as you’ve seen. However, it’s patience and discipline that will take you to those heights. Also, honesty with yourself and being smart with your bankroll will allow you to turn this game into a money-maker.

  • One thing you should understand is that making a living by playing online poker means accepting that this type of activity is a job at which you have to perform exceptionally well to earn your.
  • It’s not easy making a living playing online poker. It requires focus, patience, mental strength and much dedication to improving your game. If you are interested in becoming a professional poker player, there is something you have to be aware of: For every hour that you play, you need to spend an hour training.

There are many ways to make money on the web, and online poker is definitely a legitimate one to do it. In fact, there are thousands of professionals who play online poker on a daily basis and earn good money from it.

Therefore, to answer the topic question right away — yes, you can make a living by playing poker online. However, that’s not the right question to ask at all, so let me make a little correction right away.

The right question should be this – How hard is it to make a living by playing poker on the web?

Now, this is definitely something that you’re not going to like. It’s pretty difficult and requires a lot of practice, dedication, and sacrifice.

Poker player Adrian Sterne from Top10PokerSites.net published a well detailed article on making a living by playing poker online. Feel free to check that out if you want to learn more.

Online Poker Is a Job

One thing you should understand is that making a living by playing online poker means accepting that this type of activity is a job at which you have to perform exceptionally well to earn your wage.

Therefore, if you consider it just an interesting pastime, you might earn some and lose some, but you’ll not be able to make a living out of it. As soon as you understand that you have to devote your time, energy, and money to it, you are on the right track to become a professional poker player.

Understand How to Earn from Online Poker

Earning from playing poker means understanding the way money flows within this game.

The first thing you should take into account is that the majority of people play it for fun. Some might be good at it, but the reality is that many of them are fish. Aiming for fish is something that all professionals do, as that is almost a certain profit. Players who understand how to play against new and inexperienced players have a firm ground from which they can take off and play poker.

However, playing against fish is definitely not your main source of income. Once you have enough capital to invest in the game, you would be able to see higher returns. Simply put, playing low-stake tournaments and cash games is not as lucrative as playing high-stake ones. If you’re good enough to beat opponents at high stakes, you can earn more money.

One of the important things you immediately need to understand if you want to earn money from online poker is that variance shouldn’t affect you. Professional poker players know that they might lose their entire stack and are ready to make such a loss on a short-term basis.

In other words, they accept that the element of luck is an inevitable factor in playing poker and that they will have periods when they lose more than they win.

It’s Often Very Risky

No matter how good they get, every professional player on the web who earns a lot of money this way is ready to risk. When you think of it, the risk is an inevitable part of starting any business. In fact, it’s a part of life and, as such, it’s present in the game of poker.

Imagine starting a business that offers products for professional athletes. You started it in December 2019 and your business began booming right away, as top-rated athletes have been buying your products. Then, all of a sudden, a pandemic kicks in, pulling all sports events to a halt. You’re out of money, but that was the risk you were willing to take.

The same goes for poker. Although pandemic might not really affect it, there are many ways that can make you hit the rail before you even start. The good news is that the more you practice and the more you study, the element of luck would have a lesser impact on your game.

You’ll Have a Lot of Studying to Do

Being a successful online poker player is something that requires you to watch hundreds of videos and read dozens of books about poker. Poker is a simple game on the surface, and it’s definitely entertaining to play from time to time.

However, there’s a lot of theoretical knowledge that you have to acquire before you can call yourself a professional player. Many great poker players, such as The Godfather of Poker himself, have 'written useful books ':https://www.goodreads.com/book/show/16572.Doyle_Brunson_s_Super_Systemthat are often regarded as obligatory reads for all players who want to go pro.

Can i make a living from online poker

What the majority of these books deal with is mathematics, and the sooner you accept that fact, the better you’ll become. Playing poker on the web as a professional means dealing with a lot of numbers, stats, odds, and whatnot. It means being able to calculate the best possible outcome of your hand and make the mathematically most accurate decision.

Living From Online Poker Games

It takes time to master that. I’m not talking about days or weeks — I’m talking about years and years of experience. You don’t really have to be a talented mathematician to do it, you just need to understand these processes right away and apply them to your online poker sessions.

Final Thoughts: Professional Poker Is NOT for Everybody

Like it or not — we’re born with certain talents. Although I agree that the talent is 2% and hard work 98%, I also understand that those without that 2% of talent would never be able to perform at 100%. Sadly, earning in online poker to make a living requires being at the top 10% or at least the top 20% players on the platform you’re using. To do that, you need to have at least some talent.

But what exactly is a poker talent? It’s the skill of being able to read people and their actions. It’s sometimes more like intuition than a skill. This can be learned with time, but some people would require much more time to master it than others. Sadly, some players never master it.

Making A Living From Online Poker

Therefore, the best approach to playing online poker is to accept the fact that it’s not for everybody. It requires a specific combination of talent and hard work that only some people have.

There’s a dirty little secret going on in the online poker world that people don’t want you to know about. Nearly every professional player knows about this secret and they’ve found a way to make money from it. So can you.

Many individuals are unaware that whenever you play online poker the poker room takes a small fee out of each pot. Based on the rate structure maybe it’s as much as 5% of the pot value. That fee is called “the rake.”

But that’s not the big secret. The big secret is that you can get a sizable percentage of that cash back!

Online poker is a massively profitable business. Top poker sites turn over ranging from $1 million – $3 million a day. Their biggest cost is acquiring new customers. Among the ways they get clients is to cover webmasters to place ad banners and links on the sites to entice you to play on that particular poker site.

Can I Make A Living From Online Poker

But the webmasters aren’t stupid. They understand that the folks they are sending to the poker room might generate hundreds or tens of thousands of dollars in fees or rake and they’ve shrewdly negotiated profit sharing relates to the poker sites. บาคาร่า ขั้นต่ำ 5 บาท Oftentimes the webmasters are earning 35% or more of the fees/rake you generate playing on the poker site. And not merely for a month or perhaps a year but for as long as you’re an individual!

But then the leading players – those that generate sometimes tens of thousands of dollars in rake each month (yes, there are people paying $30,000+ monthly in rake every month) – started to wonder why these webmasters were making all of this money when the ball player was the one actually generating the rake.

The greedy webmasters didn’t want to quit any of their cut and so they threatened the poker rooms to help keep quite about how much money they were making. But the smart players already knew. And most of them decided to make a new system.

What they said was, “Hey, I’ll turn into a webmaster too. And if the poker room is paying me 35% I’ll give 33% back again to my players and keep only 2% for providing the service.” Now, should you the math, the top level guys generating $30,000 a month in rake each of a sudden were getting a windfall $9,900 a month back! That’s over and above anything they may have won at the table, bonuses the website may have offered, or any other perks the website might have offered them to be this type of good customer.

Can You Earn A Living From Online Poker

Now most individuals are looking over this and believe there’s no way they can generate $30,000 a month so it’s only profitable for the big guys. Actually, anyone can register at these sites. No matter how big or small a person they are.

And one doesn’t need to play at Phil Ivey nosebleed stakes in order to produce a respectable income from playing poker. For instance, if you play $1/$2 NL poker and can enjoy four tables at a time (which is extremely doable with some practice) and play 42 hours per week, you could make approximately $76,000 per year just on rakeback. Even though you never won a cent at the tables you would be getting about $76,000 per year back.

Making A Living From Online Poker Reddit

That’s not really a bad living for many people. And if you play higher stakes, more hours, more tables, or actually win money playing poker your annual take gets even larger.

Imagine no boss, no commute to the office, no grinding away for some employer who will sack you the second sales drop. You’ve the freedom to work when you wish and as much as you want.

But if you’d to do it really in your winnings alone you may never get there. You will have to play either high stakes and for so many hours that many people would burn out. All as a result of rakeback, being truly a professional poker player is within the reach of nearly everyone.

In the event that you want to find out about rakeback, check out the links within my signature and get going on getting back everything you deserve.