Can I Actually Make Money Playing Online Poker?

September 23, 2016 • Finance

You can never have too much money. Even if you earn a hearty salary, the pursuit of more cash is just human nature. Regardless of your financial situation, if you’re looking to make extra money, there are lots of ways to make that happen — from the bizarre, like selling your hair or serving as a virtual jury member, to the more common, like gaming. Online poker is an especially popular way to earn a little extra money in your spare time and with the right knowledge set and strategy, it can be fun and lucrative.  

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Winning at Online Poker

In order to succeed you must be intelligent, logical, sharp and willing to immerse yourself completely. If you put in the time to study the game and become involved in the online community, you will move up the ranks quickly.

A good player can be dealt up to 800 hands an hour online, playing a fair percentage of them. More advanced players can play 20 tables at once online, being dealt roughly 1900 hands per hour. How much you stand to earn depends on your skill as a player.

The general way to measure your wins is in big bets per every 100 hands. A big bet equals two big blinds. To beat an online game like $2 or $4 No Limit Hold’em, you need to be fairly advanced. If you get to this level, and you’re beating it for 2 big bets, that’s $16 per 100 hands.

Play on 6 tables at once with 100 hands per hour each and that’s $96 per hour. If you play 20 hours a week, that could translate to $1,920 in earnings weekly. Of course, this is gambling so although strategy and skill are involved, so is luck so nothing is guaranteed. Still – that’s a pretty good payday if you can work the game to your advantage. It’s important to look at your winnings over time, and not hand by hand, to determine if you are actually ahead.  

Winning Big

If you’re serious about making money playing poker, you must be willing to put in time studying. Start by perusing online resources regarding poker strategy and news and learn how other professionals got their starts. Watch training videos and read books from those players and other poker experts.

Once you’ve mastered the basics, focus learning on your specific areas of weakness. If you find yourself enamored with the game and have the resources, you may even consider hiring a poker coach. No matter the type of poker you play, remember to always select the game that best suits your style (there are seven of them, actually!). Choosing the correct game for your skill set is paramount and will have a direct impact on how much you stand to make.

Have you taken up poker online? Share your tips for beginners in the comments.

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