Make Money Online Poker Reddit

Lastly, the best online poker games to make money will always be short handed games of ideally 4 or less players. And the reason why is because fish love to play in these games and gamble it up. Lastly, if you want to know how to consistently make $1000+ per month in low stakes poker games, make sure you grab a copy of my free poker cheat sheet. A Poker Pro tells you how much money you can make playing online poker in 2020, what your expectations are and how online poker has changed.

When I first got into poker, playing online was still relatively new. Veteran players that I met would laugh when I told them that not only was my first hand played online, but that my entire poker infancy was spent on the virtual felt. In fact, it wasn't until I had spent hundreds of hours playing poker online that I felt comfortable enough to make my way to a brick and mortar casino and sit with other human beings, totally vulnerable to their intimidating stares and table talk. Although I found live poker intriguing, the convenience of playing online while struggling to keep up with my college schedule and day job kept me glued to my laptop every night.
Now looking back at those first few months of playing online, I realize that they were hours very well spent. It's no secret these days that the new generation of poker players are typically born and bred on the internet, sometimes never even stepping inside a live card room until they are more experienced than players 20 years their senior. The modern pro usually has an impressive online poker resume, and for good reason. Because of the speed at which hands are dealt and completed, combined with being able to play more than one table at once (called “multi-tabling”), playing online poker is a great way to learn and improve your game. There are a wide variety of stakes offered, including micro-limit cash games (often as low as 1 cent/2 cent) and tournaments with tiny buy-ins that are perfect for the poker novice. When you add in the appeal of a smaller rake and not having to tip the dealer when you win a pot (not to mention being able to acceptably play in your pajamas), playing online poker is a pretty sweet deal.
So how do you make money while playing poker online? And how do some players manage to play online poker for a living? Good questions. Setting up your account and joining a table is a piece of cake, but actually turning a profit is another story altogether. Of course knowing the poker basics and understanding some strategy will help, but here are some tips I can offer on how to make money playing poker online:

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Find a Game That You Can Beat
I know a lot of online pros, and while many of them make their living in different games, they have each found one or more specific avenues of poker that make them the most money. Some players focus on multi-table cash games, while others play sit-n-goes for hours on end. There are lots of pros who have found that tournaments are the best way to make their cash, and in recent years many have turned to playing heads-up. No matter what their specialty is, any serious pro knows that your best game is your bread and butter and is where you should put most of your focus (and your bankroll). Finding your niche will take some time and experimentation, but if you keep good records of your sessions, it will eventually become clear where your strengths lie.
Take Advantage of Online Tools
We have already discussed some of the benefits of playing online instead of heading to your local casino, but there are several more advantages that you should keep in mind. Mark my words: effectively utilizing online poker tools will make you more money.
If cash games are your thing, having good table selection is key. Keeping your eye on the lobby and watching for tables with large average pots and a high percentage of players seeing the flop is sure to increase your win rate. Once you get into an action game, make sure to take note of who the worst players are because this information will surely come in handy later. Most online poker rooms offer a 'find a player' feature which can be used to hunt for your favorite fish when they are playing online. Conversely, you usually will have the option to hide yourself from search (surprisingly most fish never seem to get the hint that they should probably be utilizing this option themselves).
In recent years, it has become the norm to use tracking software while playing online. Programs like PokerTracker will collect statistics on every hand you play and regurgitate the data, allowing you to accurately analyze your opponents and your own game. If you are trying to win money online, it is a good investment to purchase this type of software because, well, everyone else who is trying to win already has it. When used correctly and efficiently, players will have an easier time making the split-second decisions that multi-tabling demands. These programs also aid in record keeping, improving your game, and finding which games are most profitable. In other words, this type of software is essential to making a decent wage online.
Avoid Distractions
Online poker allows you to be lazy; you can sit in your pajamas in the comfort of your home without a thought to your own hygiene or appearance. You can relax about proper table etiquette or dealing with an obnoxious guy to your right showing you pictures of his unfortunate looking baby. These are definitely perks of playing from home, but it can easy to go overboard with your laziness. Online poker takes discipline and focus, and it's not always easy with the distractions that are sure to be all around you. It is important to know what you can handle and what you can't, because everyone has a difference tolerance level for distractions. While it's usually a bad idea to watch television or read while playing online, lots of serious players occasionally surf the net and many listen to music. After playing professionally online for several years, I personally know that anything too distracting will affect my game (and therefore affects my profit) and I always have to be strict about not answering the phone while I am playing and limiting my web surfing.
The above mentioned tips are meant to be used in conjunction with a solid poker foundation. There is no substitute for experience, and if you are trying to make money playing online when you have never played poker before, then good luck. Although you are bound to win now and then, consistent money is not going to fall into your lap. If you want to learn how to make money playing poker online, you need to start playing small stakes, gather data, and gain experience. If you are honest with yourself and work hard on your game, the money will follow soon enough, and who knows - one day, you might even find yourself playing online poker for a living.

Whether you play low stakes cash games or tournaments there is a ton of opportunity to make serious money. Even the average lower limit players can make $30,000 per year without much trouble. The time and effort you put in will determine how far your poker bankroll will grow. The more effort you put in the more you get out of it. On average for cash game players at 50nl-1,000nl, you can see steady amounts piling in per month both from rakeback as well as from profit.

Most low to middle limit cash game players will make about $1,000 per month just in rakeback. That is around $12,000 per year extra that you get just for playing poker. Live poker players don’t see this extra money each month and it is a reason why online poker is much better than live poker. The opportunity for growth is better and you can simply make more money online than you can live. Even if you have a lower win rate playing cash games, $30,000 per year is very feasible and you should often times exceed that by a nice margin. Here is where you also come up with your strategy for beating bad poker players.

Low to Middle Stakes Tournament Players

Most low to middle stakes tournament players will put in 50 hours or more per week and some weeks not show profit at all. The reason for that is because of the natural amount of variance in poker tournaments. You could easily go 100 tournaments without a big score or more. Tournament players often make their money from big tournament wins. Even if there are only 15-20 big tournament wins per year that could easily exceed $100,000 or more. Tournaments are very hard and take a lot more patience than cash games. Playing low and middle stakes tournaments will turn out to be a good thing in the end. You can crush these games because this is where tons of fish are in the online game. The lower buy-ins attracts bad players, and you can capitalize on this by learning how to progress through tournaments and beat the weak online poker players.

Low to Middle Stakes Sit and Go Players

The sit and go players are overlooked online, but they are there. Heads up sit and goes are one of if not the most profitable game online today. The whole key to learning heads up sit and goes is practice. You have to know the correct play and since you are playing almost every hand, you have to know when to give up and when to push forward. Heads up matches are often won or lost by losing a coin flip, but up to that point you should have been able to build a chip lead, so it isn’t really what it seems. These matches can be grueling if you don’t find the fish.

Where to Start

To make money you should start off as low as the $10 level. Once you have had success there you can move up to the $20, then $33 and so on. These games will take you up as high as you let them. The range for what you can make per year will depend on how much mental stability you have as well as how well you can manage a bankroll. Some players will make $10,000 per year and some will make close to $200,000 per year. It depends on how much work you want to put in.

High Stakes Players

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The high stakes players have no cap on what they can make per year because when sitting in the right game you can make a ton of money in a short period of time. When sitting in the wrong games you can lose a ton of money in a short period of time. Most high stakes cash game players can easily win with a definite level of consistency over a million dollars each year. The high stakes tournament players should also walk away with close to a million. For tournament players it more so depends on if they win the one big tournament or two for the year. You can lose a lot in tournaments over time if you don’t run well. High stakes sit and go players will win hundreds of thousands more or less over time with ease.

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The reason these players have success is because when a player wins a big tournament (like the World Series of Poker), they will always jump into try and beat high limit players. This will always be the case and the natural reason why sit and go players and cash players make more than tournament players. Also, they have more of an edge than tournament players do to make consistent money over time.