Play poker and make money online
Can you make money playing poker? The simple answer is, in general -Yes, but that’s too much of a simplistic way of looking at the situation. Because poker is a game of individuals and ever changing dynamics. Answering these question is a little more complicated and worthy of some discussion. Indeed, before you can ascertain the amount of money you can make playing poker, it is important to assess whether or not you have the necessary skill set to actually turn a profit at all.
In reality, this is an impossible question to answer but if we look at things pragmatically we can begin to form some kind of general guidelines. The first thing to note is that the amount and rate at which players earn money will vary drastically depending on whether they are playing tournaments or cash games.
From afar it is often assumed that poker’s top tournament players are raking in unbelievable sums of money each year. The reason for this is that poker news outlets generally focus on a festival’s big winners and they don’t often take into account the money they’ve spent on buy-ins throughout the year. Since net profits are the result of winnings minus buy-ins the actual amount of money a tournament player makes is actually a lot less than many would assume.
In contrast to tournament players, cash game grinders can often make a more consistent amount of money, but they will often fail to achieve the kind of scores associated with deep MTT runs. Which format you choose will be a matter of personal preference and skill, but an adept ring game player can generally expect to earn around 5 big blinds per 100 hands online.
Obviously the size of the game and the stakes you’re playing as the higher you play the lower you’re win rate will be will affect the amount you win; however, as a general guide, you can class anything around 5bb+ as a good win rate.
One expectation to this rule is in the live arena. In general online cash games tend to be tougher than physical confrontations which mean you can expect a bigger win rate in a live setting. Concrete numbers are difficult to obtain because of a lack of tracking, but in general, you can expect to make around 8bb-10bb/ 100 if you’re a good player. However, it’s important to note that you will see far fewer hands per hour in a live game; thus while your win rate may be lower in an online game, the amount you make per hour can actually be more because you can play more hands.
Another important facet of the game you need to master if you want to become financially liberated is your mindset. Playing angry (or on tilt as it’s known) can be fatal and turn a winning player into a losing player simply because their emotions prevent them from making rational decisions. Fortunately, there are many resources that can help a player improve their mindset. One particularly good resource is Jared Tendler’s Mental Game of Poker which explores a range of psychological concepts that a good player must adopt if they want to avoid losing money and improve their win rate.
The nature of your results and how much you win at the poker table is dependent on a number of factors. From the amount of players at the table to the stakes at risk and the sharpness of your mindset, making money isn’t as simple as it seems. Indeed, throughout this article, we’ve highlighted how even the very best players don’t win every time they sit down at the table. Dedication is crucial in this game and if you want a poker balance that’s comfortably in the black then you need to refine your skills, play in the most appropriate games and put in the hours. Only by following these steps can you overcome negative variance and turn a healthy profit.