When I started playing online poker, I personally said to myself, ‘there is absolutely no way I can make money playing poker for a living’. I treated online poker just as a leisure time entertainment and used to think that poker is mostly a game of chance. To my point of view, it was similar to playing other casino games like roulette, baccarat, and slots. Little did I know, I was lying to myself. Poker is a game that can generate you a substantial money income every month if you treat it like a professionals do. And playing poker online helps you to live wherever you like without loosing connection to your job what can be a good prize itself.
With online poker, there are several things you need to learn and master before you consider making money playing poker. First, you need to understand how the game is played, understand basic rules and get used to online poker room interface. Only then you can start mastering winning strategies as well as adopting self discipline and a good bankroll management. It’s pretty obvious, but I will mention one more time – if it is your first time playing online poker, you don’t have to play for real money but you can rather start playing free poker for money in playmoney games or a freerolls offered by poker rooms. Playing a playmoney poker is a good first step for you to start making money playing online poker in a future.
Next step for a good start is attending freerolls. Several online poker rooms offer free poker for money in the form of freerolls. Freerolls are online poker tournaments where players can register for free and do not have to do money buy-ins. With freerolls, you have an opportunity to win real money if you make it to the top. Another advantage of playing freerolls is that it is a good place for new players to test their playing skills as well gathering experience from analyzing how other players play at the table.
After having played free poker for money, it is time to proceed to real money poker. Online poker rooms usually offer a good sign-up deposit bonus for the first deposit made. You will be able to add up to 100% to your deposit after you spend some time and money at real money tables and receive particular amount of regular player points. For example you will have to spend up to $1700 total for rake to receive $600 poker bonus in PokerStars. It sounds not very fair but you need to think about bonus not as a free gift but as an incentive for a player to play regularly.
After getting used to a game and adopting your own winning strategies, another important aspect you should consider is bankroll management. Bankroll management is essential skill for playing poker in general and becomes vital if you wish to earn money playing poker. It helps you to monitor your bankroll and limit the risk of loosing money. With bankroll management, you get to setup your profit target as well as your stop loss amount. Very similar to Forex investment or a stock exchange, in poker you should determine your profit limit for a time period as well as your stop loss as a maximum sum that you can loose in a particular period of time (one game, day, week). Bankroll management is mostly about a self discipline. Like all other high-risk investment, the trend can follow your way or turn against you. In both cases, you should make sure when exactly you will enter, and what is more important, where to exit a trend in order to collect and save profit.
It sounds trivial, but you should spend a lot of time for online poker to start making money in prospect. Hope that the tips from this article will help you to choose and follow the right direction.
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