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Anyone makes a living by playing online poker?

Discussion in 'BlackHat Lounge' started by lietuvis002, Apr 13, 2014.

  1. lietuvis002

    lietuvis002 BANNED BANNED

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    I know some people do a living off poker for sure. I've been playing online poker for quite a long time [Playing PokerStars with a bought verified account]. But I'm balansing between + and -. So yeah, what books, videos have you seen and what's up with your poker career? :) (Sorry for such a stupid text format, on mobile, enter doesn't work, not sure why).
     
  2. lietuvis002

    lietuvis002 BANNED BANNED

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    Bumpy dasy :cool:
     
  3. prab1996

    prab1996 Elite Member

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    yes, many people on bhw make a living with it. i heard that advertisers pay good ammount for leads.
    -=-
     
  4. abhi007

    abhi007 Jr. VIP Jr. VIP

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    oh yeah plz. tell us the name of the guys or where you have heard?

    and from where does advertiser come into play?
     
  5. ariang86

    ariang86 Newbie

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    I would like to hear about this too. I tried online poker for a while and I am pretty bad at it .. bad temper leading to all ins. Anyway, anyone making a living at it?
     
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  6. lietuvis002

    lietuvis002 BANNED BANNED

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    I am not talking about poker affiliate. I am talking about playing cash, sng or mtt tables.
     
  7. blacktrilby

    blacktrilby Power Member

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    I have a friend who does it. He got made redundant 7 years ago and now makes good money playing online poker and using Betfair.
     
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  8. prab1996

    prab1996 Elite Member

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    i had seen some people who were making money from poker , but i never believed in them because if some one will win $100 then it means someone lost $110. it's just luck with makes you the winner or loser.

    i was just kidding. + stop quoting my every post.

    -=-
     
  9. xtopzi

    xtopzi Regular Member

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    No not really. There's a good reason there are high stakes poker tournaments and no roulette tournements lol.

    I think if you play position well but ONLY play position you may well have a somewhat stable income from it. Boring as shit though but still nice 'lazy' income on the side I guess.
     
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  10. UrsuAke

    UrsuAke Power Member

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    Right, I've tried it years ago when I was a kid, got up to some cash, then quit. It's too hard and you won't get rich over night.

    It's like any other job, you've got to grind it out, never get impulsive and be patient as hell. Good poker players play about 3-4 hands/hour. That's it. And their earnings depend on their bankroll. If you have a bankroll of 100, you can play in 1$ buy-ins (either tourneys or cash games). Why? Because if you lose by chance, you'll have another 99 buy ins until you tilt. And all the pro's get busted out at some point because a donkey went all in with shit cards and got the best hand after the river.

    If you want to do this you'll have to:
    - be good at maths
    - read and learn all you can about poker strategy, odds, ins, outs, etc.
    - be very observant of how people play, make notes on all players you play against (most sites offer a notes function attached to a player, please use it, it will help you in the long run)
    - be the most patient man ever
    - you shouldn't even know what the term "impulsive" means
    - never go in games bigger than you bankroll can handle
    - be prepared to grind it out hard (it's a very demanding job).
    - specialize yourself in one single type of game (either cash game, tourney etc.)

    To give you an example, I started playing on pkr.com and fulltilt.com (long before the FBI seizure). I started on both sites with 20$ bankroll and played in the 1c-2c cash games. Got to about 2-300$ on both sites (in months of play!!!) and started to play in 5$ 10 player tournaments (only that game, nothing else).

    After a few days you get specialized in that type of game and it all comes naturally. You have to be consistent tho. I started getting some decent cashflow and was averaging around 6-7 hours daily play, around 4-5 tournaments/day. At the end of the month, I would withdraw the money from both sites, around 1500-2000$ in 7 month's average. Some months I've had 3000$ and more, some months I'd have 4-500$ in profits from both sites. I would always leave 500$ on each account as the bankroll for the next month. Oh and I would play both sites at the same time (after some practice). Never played multi-table on the same site, I've seen that you start getting shit hands all the time (only my opinion).

    I eventually quit, I couldn't stand to play anymore, it got boring/routine pretty quick and pretty fast. Now I only play poker with friends once in a while, we have our poker Thursday once in a couple weeks.

    It's a damn hard way to make a living, you must be strict, army-strict. No wonder that mostly the same people get into the top30 at the poker world series each year.
     
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  11. Lalalaenhund

    Lalalaenhund Power Member

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    Poker is just luck? Way to show you don't know what you're talking about...
     
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  12. Moreno414

    Moreno414 Newbie

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    Might try this this week
     
  13. prab1996

    prab1996 Elite Member

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    yep , i am noob in this field :). but i know that if some one will win then some other people will lose and you may be a loser or a winner and that depend upon luck. (owners will not pay from their pockets and you will win some money then it will surely come out of pockets of some n00bs or losers )
    -=-
     
  14. tonib

    tonib Power Member

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    You might want to invest in Holdem Manager or similar software. It is really worth it and you will be able to play on more tables at the same time. I can't recommend any books or videos, but you should read about bankroll management.

    I have "retired" from poker until I have more time and capital to invest, but I really enjoyed playing MTT and SnG.

    There is no thing as "luck" in poker. It's all about the variations. The owners are getting money from the rake (a small % of each pot/entry ticket).
     
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    Last edited: Apr 14, 2014
  15. UrsuAke

    UrsuAke Power Member

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    Luck plays a part in poker but for pro's luck is a negative, it actually works against you most times, especially when you play against noobs or donkeys. A pro would never put himself in a situation where he would require luck, that would simply not happen. EVER!

    I have a personal example. I won't forget that hand in my life. Was playing the final table of a 20$ buy-in, 3000 registrants, can't remember the exact payout but I think 1st place got around 30k.

    We were in the final 60, we've all entered the payouts (around 100-150$ payout for the 60-40 tier I think). Anyway, I've been playing at the same table with a super tight player for a few hours, he had double the stack I've had. Once we've reached the payouts, he turned from tight to a loose canon, in 3 hands he chewed half of his stack, the dude made all the mistakes possible.

    We get dealed into another hand, I've got AA's (cups and spades). I was the button as well, I raise the blind to triple, the dude raises so 6-8 times, I call thinking he's busting out, so I should help the man out.

    The flop: Aclubs, 5 diamons, 5 cups.

    I've got that in the bag, full house. Was holding the nuts. He bet, I doubled, he raised, I thought that he might have 5's in the hand but I called, small chance of that happening and I wasn't pot bound yet.

    Turn: 4 diamons

    He bet all in, I called thinking he was hoping for a flush on the diamonds. He showed a 3diamonds and 7diamonds. I was like wtf?! Glad he didn't pull the 55. What a donkey.

    Then the river comes: 6diamonds. The moron got a straight flush and I busted out. Took me some time to convince myself not to throw the laptop out of the window. Didn't play poker for a week after that. In 99% of the cases that dude would have busted out playing that hand the way he did, and if he were a pro, he would've folded after the turn or better yet, folded in the blinds. Anyway, the guy busted out 15 minutes after I finished the tourney, he got to 54'th place and I finished around 57.

    Anyway, that's the luck part regarding poker, anything else, it's just frustration from people who don't understand the game.
     
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  16. SavageX

    SavageX Junior Member

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    I used to a few years ago. Its not profitable anymore, as most knowledge is now widely available, so your tables are always full of good people and if there is a rich fish playing somewhere the waiting list is like 20 people long. You might make a little cash but its definitely not worth the time investment if you don't really know how to play. (If you did you wouldnt be on this forum you would be on 2+2).
     
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  17. UrsuAke

    UrsuAke Power Member

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    As I said, almost the same people end up in the world series top 30. Under 15% of all the players world wide are making real money from poker, the rest of the players are there to make other people rich.

    Poker is like the real life in all aspects, and people play poker in the real life without even knowing it. They bluff all the time, they negociate (raise, call, fold, ring any bells?). They take advantage of other's weaknesses, they threaten with money (stack bully, ring any bells?) and in the end, lots and lots are poor and very few select ones are rich.

    The secret? As in life: knowledge, consistency and hard bloody work. You have these 3 and you can be successful in anything.
     
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  18. lietuvis002

    lietuvis002 BANNED BANNED

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    Thank you guys, I have got Holdem manager for sure. Anyone from here wants to grind poker together? If yes add me on skype. You should have at least $50. And we would do 'telling each other cards strategy', I mean we 3 vs. other 3 in a cash or single SNG table. Accepting 2 guys right now.
     
  19. Gogol

    Gogol Elite Member

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    OP how much have you managed to make playing poker?
    Not kidding, but interested to know as well. I am good with maths(and sure there are better mathematicians here but I am not too bad lol), so if there is an exploit or something, we can put that to use.

    When someone says "no luck", what do you mean? Is there a win-win combo or what? Not saying spoonfeed me, but any clue would be great :)
     
    Last edited: Apr 14, 2014
  20. Carreira

    Carreira Regular Member

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    Hello mate,

    You're probably passing this point already but here is what I do.
    (I just play poker for fun, and though I'm profiting I don't face it as an investment because I am nowhere good enough to consistently win, however I am in the green profiting more than I lose)

    I always play with this chart open:

    handchart1.jpg

    I respect this chart thoroughly and I end up winning more than I lose - although I only play on low tier poker rooms (again, I do it for fun).

    I participate in 1 table 10 people tournaments of sit & go as the prizes of the top 3 make you profit and I engage in Martingale when I happen to lose one.

    Try it if you aren't past this point.

    Again:

    - Sit & Go 10 people Tournaments;
    - Play by Chart;
    - Martingale if not on top 3;
    - Repeat;

    Just my two cents, it is worth what it's worth

    Carreira
     
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