Is it possible to earn money with poker?
Can i make money with poker? The simple answer is, in general, “yes”, but that’s to much of a simplistic way of looking at the situation. Because poker is a game of individuals and ever changing dynamics it’s more appropriate to ask: “Can I make money playing poker?” and, “Can I make money in the current poker climate?” To answer these questions is a little more complicated. Indeed, before you can ascertain the amount of money you can make playing poker. It’s important to assess whether or not you have the necessary skill.
How much does a good grinder earn?
In reality it is impossible to answer this question. 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 winning rate of players will vary drastically depending on whether they are playing tournaments or cash games and of course also which buy ins/limits they are playing. And the main question. “How good they play poker”
On the poker tables you can find a lot of regular players playing almost every days for many hours. But the reality shows that a regular player means not automatic a good winning player who earns a lot of money. The most od the regular grinders you find at the tables does earn some money but if you take a look how long they play to earn this amount, it is not much.
It depends all on how good you play and how much time you invest in your game and skills. Some players earn 10$ a hour and another one earn at the same tables and limits 35$ a hour.
Tournaments or Cash Game?
Also this question is very hard to answer. Which format you choose will be a matter of personal preference and skill. It is possible to play both variants very profitable and to earn money. MTT Tournaments looks more profitable because of the very high payouts. Everybody has the hope to get the Top 5 of a big tournament and make a few thousand with 5-6h playing poker. It is possible yes, but not so easy as it looks. Even if you are a really good poker player, you need also a bit luck at the right time to beat a few hundred or thousand of players. The variance for a tournament player can be very hard.
A really good poker player can play maybe 200 tournaments for a few months and win nothing, just because he is unlucky or just get very bad hands. But then a few tournaments later he will have a deep run and finsh on the 1st and 3th place at two tournaments. If you look then to the general result all is fantastic. A lot of players can not handle it to make few month no winnings, or freak absolutly out because of their bad mindset and then they start automaticly to play bad poker. Also some players can not be concentrated for many hours and are not able to play their A-Game tillt the end. If you are such kind of player then we recommend highly to play cash game or maybe sit&go tournaments.
Find out what brings you more fun and then make your decision.
How to improve your earnings and make more money with poker?
It´s probably wise to spend some time looking at how you can improve your win rate. Poker is a constantly evolving game and studying is very important for players of all skill levels. Indeed, aside from proper game selection, you need to ensure that you’re familiar with the latest betting trends in the poker world.
The only way to stay up-to-date with these developments is by reading the latest strategies, watching training views and reviewing your own play. A good poker player never stop to learn and focus always to improve his own game. There are a lof posibilites to improve your game. Analyze your own game with your holdem manager or poker tracker. And make some reviews together with your poker friends and much more.
Another important facet of the game you need to master if you want to become financially liberated is your mindset. Playing angry (on tilt) 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 mind set. It does not help if you are a fantastic skilled poker player but at the same time a mindset like a 6 years old child.
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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. It is absolutly possible to make money with poker and to life your dream.
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
Keep always in mind that earn money with poker is a fulltime job!