To be clear: making money with poker isn’t easy, especially if you do it unplanned; you’ll quickly founder. Because only with a strategy for making money in poker can you earn a secure income, even in the long term. Even if you’ve been successful as an amateur player for years, you shouldn’t simply put all your eggs in one basket and take the plunge and become a professional poker player.
Although all professionals were also amateur players at some point, some basic requirements must first be met. This includes, for example, a certain financial background, so that even lean periods without income can be overcome without any problems. The following tips will help you make money with online poker.
Tip 1: Poker as a Side Business
Many people think that a professional poker player only has fun and that their life is a bed of roses. In fact, there is a negative downside: a professional poker player constantly lives with the fear of not having enough money to live on. Furthermore, it requires a great deal of self-discipline; no one can simply enjoy a lot of free time and think that the money will come on its own.
If you have a well-paying job, you shouldn’t give it up just for poker. Instead, it’s helpful to start as a side player and see if you have what it takes to be a professional poker player. It’s proven effective to exchange with other players, for example, with others who also make money from poker on a forum.
Tip 2: Gain experience
Only those with a lot of experience should attempt to make money playing online poker. A general rule of thumb is that a poker player should not only have played numerous hands, but should also have generated a decent profit before considering becoming a poker professional. Those who are successful for a few weeks or months may be on a roll.
Only exceptionally talented players should consider making a living as a poker professional. Therefore, it’s advisable to first test how much profit you can actually make over a longer period of at least a year before even considering making poker a career and quitting your job.
Tip 3: Use strategies
A very important tip comes from a forum: the online poker money-making forum recommends developing and implementing strategies. However, this can only be done by those with extensive experience. Strategies are an important means of winning at poker games.
This means that before playing, the player devises a strategy they will follow to profit in this way. While it’s not as easy to confuse your opponent online in a tournament, it is still possible.
Tip 4: Create reserves
There are always lean periods. This could be because a player is on a run of bad luck and losing many games in a row, for example. Or if the player is a tournament player and there are no major events currently taking place.
Therefore, it’s extremely important to have reserves in such cases. In an emergency, a poker pro must be able to live for several months without income. If you have these reserves, you can start thinking about a career in poker. Without these backgrounds, however, we advise against it.
Tip 5: Choose your bets wisely
Money management is another important aspect. This term is used to describe everything involved in managing finances. This includes, for example, ensuring that bets are aligned with bankrolls. A general rule of thumb is that in cash games, the buy-in should not exceed one percent of the total budget.
Only when your bankroll has increased due to successful play can you place higher bets. For example, if you have a bankroll of €1,000, you can buy in with €10 at 0.05/0.10 tables. Furthermore, starting with low bets and then increasing them has been proven.