It is the age old question. Can poker be profitable? Can I make a living from playing poker? Will poker make me rich? The short answer is yes, of course, it's possible. But like any job, it requires hard work and a lot of dedication and practice. Poker is a game of skill, with a little bit of luck thrown in.
Get The Basics Right
The first thing you need to do is learn the basics. Don't just go straight to the casino and try to wing it. Actually learn the rules and strategies of the game so you at least have a working knowledge to get you through the first few hands that you play.
Educate yourself on the best and worst hands. Create a plan based on your position on the table. Learn how to spot tells online and in the real world.
And start small. Join a reputable casino that has a beginners room. Play for pennies initially so that you make your money go further. The more hands you play the more experience you will gain and the better you will get.
Look for online casino's that are offering decent new customer welcome bonuses. They will often cash match your first deposit which will boost the amount of money you can play with.
Building Your Stack
Once you have the basics nailed down, it's time to look at ways to build your stack. This essentially means increasing the pot of money that you can play with. If you plan to make a career out of poker, you have to put in the time. And that's what it will take to build your money.
Money management is a key part of being able to make a living from poker. If you start with £100 and blow it all on the first day then it's going to be a short career. So set yourself a daily limit that you can reasonably afford to lose.
The same goes for winnings. Set a target and stick to it. Cash out when you reach it. And then start again the next day with the same limits.
Over time you will slowly build up your cash reserves by adding to them each day with some good wins.
These are almost always myths. Nobody has ever sat down at a poker tournament, having hardly ever played the game, and won it. Even the superstars such as Daniel Negreanu and Phil Ivey have been broke. Negreanu readily admits that after building over $20,000 in local games and online he headed to Las Vegas and was soon broke and back on a plane to Canada where he had to start all over again!
There is a fine balance between having and losing it all. And while the game itself isn't addictive, for some, chasing the big win is. Not knowing when to stop can be a big problem. So approach the game more methodically. If you are dealt a terrible hand don't play it (unless you are the blind). The chances of the flop going your way are statistically not good. So don't throw good money after bad chasing a bit of luck.
Guides To Poker
To make it nice and easy we have put together several poker guides to help you through the teething stages of learning the game. Simply click on any of the items on the list for more information:
- Best Poker Hands
- Worst Poker Hands
- Poker Hand Rankings
- How Poker Tournaments Work
Poker is an incredibly popular and fun game to play. Yes, there is a very serious side to it, especially if you plan to make a living from it. It is about skill in the long term and luck in the short. And you definitely need both to ever turn a profit or get rich from it.