To be clear: making money with poker is not easy, especially if you do it haphazardly, you will quickly go bankrupt. Because only with a poker money-making strategy can a secure income be achieved in the long term. Even if you have been successful as a hobby player for years, you should not just put all your eggs in one basket and take the step to become a professional poker player.
Although all professionals were also hobby players at one time, some basic requirements must first be met. This includes, for example, a certain financial background, so that even poor periods without income can be bridged without 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 is all about having fun and that their life is a bed of roses. In fact, there is a downside: a professional poker player constantly lives in fear of not having enough income to live on. Besides, it takes a lot of self-discipline, one cannot just enjoy a lot of free time and think that the money will come by itself.
If you have a well-paying job, you shouldn’t quit it just for the sake of poker. Instead, it helps to start as a side hustle and test whether you have what it takes to be a professional poker player. It has been proven to trade with other players, for example, with others who also make money with poker on a forum.
Tip 2: Gain experience
Only those with a wealth of experience should attempt to make money at online poker. A rule of thumb is that a poker player should not only have played a lot of hands, but also have a decent amount of money to play before they even consider becoming a poker pro. Those who are successful within a few weeks or months may just be on a roll.
Only extremely talented players should consider making a living as a poker professional. Therefore, it is recommended that you first test out for a longer period of at least a year how much profit you can actually accumulate before even considering making poker a career and quitting your job.
Tip 3: Use strategies
A very important piece of advice 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 to follow in order to make a profit in this way. Although it is not as easy online to confuse your opponent in a tournament, it is still possible.
Tip 4: Create reserves
There are always weak periods, this could be for example because the player has a bad luck streak and loses many games in a row. Or if the player is a tournament player and there are no important events.
Therefore, it is extremely important to have reserves for such cases. In case of an emergency, a poker professional should be able to live for several months without income. If you have these reserves, you can start thinking about a career in poker. Without this background, however, we do not advise it.
Tip 5: Choose your bets wisely
Money management is another important aspect. This term is used to describe anything used to manage finances. This includes, for example, making sure that bets match your bankroll. A rule of thumb is that in cash games, the buy-in should not exceed one percent of your total budget.
Only when the bankroll has increased due to successful play, higher bets can be placed. For example, if you have a bankroll of €1000, you can make buy-ins with ten euros at the 0.05/0.10 tables. Furthermore, it has been proven to start with low bets and increase them later.