In a time of side hustles, work-from-home projects, and online gigs, it’s not uncommon for people today to look for ways to make money in gaming. It means seeking out various gaming apps (Long Game, Bananatic App, and more) to pay users different ways to play games on the simpler end of the spectrum. That said, others look to take what we might refer to as a more professional approach to profitable gaming — streaming to subscribers through online platforms or making their way into eSports (where now make as much as pro athletes!).
Before any of these trendy, modern options became available to gamers, many sought income through online poker. For years, this was essentially the way to play games for real money, and many people had success with it — from the casual online players banking $100 or so in a month to the amateurs-turned-professionals who found themselves netting millions. Thus, one could just about argue that the early online poker scene more or less set the scene for the spectator gaming and eSports we see today.
But is it still possible to make real money in online poker today? In a word, yes. It is possible to make money fast in lots of different kinds of gaming. But the picture of modern online poker is pretty complex, and whether or not you have the potential to profit (again, not a guarantee) depends on many different factors.
Find a Legal Platform
To begin with, one of the reasons that online poker gave way to other real-money gaming possibilities, at least in the United States, is because most states made it unlawful to deposit winnings from poker sites. As a result, internet poker with real money on the line is still illegal in numerous states. Having said that, there are alternatives.
A have legal online poker, and it’s perfectly legal to play in those states whether or not you live there. It’s not entirely common, for instance, for people to cross into Nevada or New Jersey specifically to play at online casinos.
In some circumstances, American Indian tribes provide internet poker sites that are not subject to United States prohibitions. Finally, there is some potential for online poker systems that run using cryptocurrencies rather than traditional currency to be legal, however as of this writing, this is an issue that has yet to be fully resolved.
Bottom line: If you want to play poker for real money, make sure you check your local regulations, weigh your options, and make sure you’re playing legally.
Ensuring the Platform is Reputable
Legal and reputable platforms are not the same. For example, some sites host real-money poker games within legal boundaries but may not operate with adequate security or appropriate measures to ensure fairness. It’s not a particularly common issue with well-known sites, but it is something to be aware of.
Typically, when , you’ll find a sign-up process that will clue you into the platform practices’ degree of professionalism and security.
You’ll need to provide some personal information (including sometimes a social security number), create a screen name and profile for the site. Then, you’ll be asked to make an initial deposit, usually via any of a range of card processing options, such as A smart credit card is one that has a chip embedded in it.
If the process is any simpler than this, you’ll at least want to read the fine print and make sure you aren’t setting yourself up on a site that won’t protect your money or identity by Using a credit card that was stolen. Ultimately you’ll also want to read reviews of any sites you’re considering to confirm legitimacy further.
Practicing with Low Stakes
If you decide to play cash poker, you should begin by practicing at either free tables or with extremely modest stakes. One or both of these options will be available at most reputable online poker sites. Despite the fact that the competition is usually worse, you can still build on your strategic approach as a beginning.
You’ll get the feel of how the site operates, identify some of your personal characteristics, and improve your overall poker playing. Also, you will discover what type of player you are, which will aid in your development as a player who will optimize profit potential when playing high-stakes games.
Embracing an Analytical Approach
While developing yourself as a player, it’s also wise to adopt an analytical approach or tap into advanced game statistics to better inform yourself. Among the many interesting discussion points relating to is that AI has clarified how players react to different situations. In addition, pro players have noted that what they once learned through trial and error can now be provided via data. For example, players can memorize probabilities and know the likelihood of different resulting hands.
It’s not meant to make the game appear easy. There are no two games of poker alike, and analytics aren’t a foolproof way to win. Instead of being a game of pure chance or pure probabilities, poker is a game of skill thanks to bluffing, betting, and competition.
Nevertheless, diligent players who are in it for profits will often consume massive amounts of statistical analysis. They can at least learn to understand what should happen with different cards and different situations. It’s at the very least a strong foundation for competitive play.
The most successful online poker players, or those who earn the most money, diversify their techniques. Spreading bets across multiple games and/or tournaments is preferable to putting too much money on a single digital table.
It’s a general principle that can be applied to poker. Investors in the stock market understand that investing all of your money into one asset raises the risk of losing it all at once. Instead, they spread their money across unrelated assets, reducing the risk of severe losses but boosting the overall possibility for net gain.
A lot of online poker players basically practice the same method. The more games they play, the less potential there is for a major bust. It also increases the odds of a positive total return. It’s how you increase your net worth to six figures and even seven-figure money.
Playing with Familiar Crowds
When it comes to analytical approach, players that prefer to play with familiar crowds have a tendency to do so. Keep in mind that you won’t always be able to choose the opponents you see online. However, there is opportunity to participate in unofficial communities. You can start to identify tendencies in your opponents if you do this with an eye for detail and keep player notes.
Surface-level observations, such as understanding whether players are more or less aggressive, can be habits. However, the more you learn about your opponents over time, the better prepared you will be to defeat them.
Can You Make Real Money in Online Poker Summary
Poker is ultimately not a reliable a way to make money on the internet. There’s chance and variability in the game, and every time you approach a virtual table, there’s the possibility that you’ll lose your buy-in. Thus, poker should not necessarily be compared to other modern options for making money in gaming; it’s definitely not an income-producing asset.
Having said that, the suggestions above show how players can take specific efforts to improve their chances of making a profit. It’s still a game of chance, but with the appropriate technique, it can become one with a better possibility of delivering a positive return over time.