All these moneymaking threads,play online poker,avg $200 a day/70k a year, possibile?

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Rx Wizard
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Is this anymore unrealistic/unlikely to be successfull than starting a business that requires huge capital, lots of sweat, and still faces a huge risk/failure and most will never even attempt to get off the ground because of all the probelms you have to face?

Not saying this is possible but what makes it anymore impossibile than some of the other ideas thrown around here lately. Don't get me wrong I am all for the moneymaking threads and for the guy with hopes and dreams but why is it that poker (or even sports betting), if given the proper commitment isn't as likely as say opening a sandwich shop?

Been playing for about 3 weeks now and started out a complete beginner and still have my orginial deposit and have made about $500 profit. The first 2 weeks was a feeling out process. Yesterday the lite bulb a came on a little for me and I feel that maybe $10-15 an hour (which is 20 minutes at 3 tables or $30-45 for a real hour) is feasbile and a very safe estimate. I have won 5 of the past 6 days I have played. If you took the time and effort and spent the money that you would into a new business and did it with poker than could it be done?

Not at all trying to sound cocky but trying to have a gambling discussion at this site that seems to have more people focusing latley on making money doing anything other than gambling (LOL). $200 a day is 70k a year. Doesnt seem like it but when you look at it that way it doesn't seem out of the question and I can promise you that any new business owner working 3-5 hours a day would be happy to make 50k+ a year.

This is why I think beating poker maybe attainable:

1) the whole online thing- more hands per hour and decent software that helps your bottom line. There is less variance when you are seeing 500 hands a day or so that you could have a winning day alot easier than playing at a casino.

2) If you play at the right levels and don't get greedy you can probaly succeed. The 2 times I went up I have lost. Staying at the right level is huge.

3) 100% beleive in the tight aggressive style. Discipline at online poker means everything. Most don't know your table image also if you are jumping around and dont have the stats on you. If you wait around till you have the edge you should eventually win big pots. Something I have learned is the old saying win big pots, lose small pots. Great statement (IMO).

I have a few more thoughts and ideas but would like to hear from others.

Like I said trying to get back to dreaming of beating gambling consistently to make some extra money than worrying about making sandwiches (LOL). One thing though is the goverment most likely won't mess with your restaurant.
 

''AKA'' MONGO SLADE FROM BROOKLAND, NY
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i have got some ocean front property in a-r-i-z-o-n-a....... from the front porch you can see the sea !!! i got some ocean front property in a-r-i-z-o-n-a and if you buy that i will throw the golden gate in "free" :lolBIG: just say no !!!
 

Rx Wizard
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I have come to learn that patience/discipline means everything. The one thing I forgot to add is I can't over how many players call/go all in with weak hands and I think it stems from not having the patience/discipline to wait for big hands.

Like I said I claim to be below average at poker but at the level I am playing I am seeing players who I think call all in bets with marginal hands and this is the main reason a complete rookie can beat the low limit no limit games.

I was wondering if some of the sportsbettors on here who have discipline have expierened the same thing?

Very surprised by this from what I have seen.
 

jh

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$200 * 365 = $73,000 If you consider playing every single day and never having a losing day. Depending on your bankroll, you probably have better chance of playing cards professionally than being a professional handicapper though.
 

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Ice, just curious what site are you playing at? What limits are you playing?(6max or full ring) You might also want to look into rakeback. It will help the bottom line.
 

RX Senior
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assuming your numbers are not incredbly rosy, how long could you do that nearly everyday before you would want to be doing anything other than playing online poker 7 hours a day? 8 months tops?
 

ECS

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Ice, just curious what site are you playing at? What limits are you playing?(6max or full ring) You might also want to look into rakeback. It will help the bottom line.

I was gonna ask the same thing.....IMO internet is so much tougher than live. The tables I am playing are TIGHT, very tight, sometimes you will get the moron, but they dont last long usually and then they are broke. Live however, it seems like half the table will call you down with top pair no kicker or worse.

Ive played at FTP now for exactly two weeks. I've doubled my original deposit +100 more. Of course their bonus helps, and I have around 75 bucks sitting in rakeback waiting to get collected (ill probaly put the rake back in 100 at a time).

Even with that, its still a pain in the ass, and nothing like live. The biggest problem with ME is the home front. Generally, the people that give away their money play from 6pm-2am, around that time. Well, my wife works all day and I do shit around the house, if I were to leave right when she got home to go play poker, things could get ugly (even I wouldn't want to do that), so I have to grind it out online and then make the occasional trip to the boat (even though I know I could fleece that place if I went everyday). If I played 5 days a week at the boat, if I didnt make 1000-1500 a week I would say it was an unsuccessful week.
 

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Talk to shills.

You will burn out in less than a year.

At least play somewhere that will give you your rake back.
 

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These guys are right, the challenge will be burnout. If you can play 4 or 5 days a week, you would be better off.

You are not a machine, and you may be beating people in pots right now that are sour burnouts who have been reduced to anxious losers at the table. Dont become one of them.

But if you can grind out 20 or 40 k a year in small games, you'd be good.
 

WVU

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You will experience burnout if you do not automate the process. All the cool kids are doing it
 

Respect My Steez
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assuming your numbers are not incredbly rosy, how long could you do that nearly everyday before you would want to be doing anything other than playing online poker 7 hours a day? 8 months tops?

its a grind in every sense of the word
 

ECS

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its a grind in every sense of the word

Which is exactly why I keep it as a supplement income. The last 4 years or so, every vacation the family has gone on, at least part of it has come from poker winnings. Its a great way to treat the family, but I don't think I could ever do it full time. I have too much fun at the boat, and would hate for that to go away because of the stress of making the house payment.
 

Rx Wizard
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Let me first start by saying I am not sure this is something that I would want to do or could do for that matter. More or less just throwing it out there for others to toss around.

I agree with the burnout being highly likely. My #1 thing is comapring it to other moneymaking ventures that have popped up recently on here. I don;t think this is all that far fetched for some to look into or at least anymore far fetched than someone who is looking to start his own business. Like any new business time and commitment would have to huge for it too succeed. Not sure if this is the same compairsion but I currently bet 360 out of 365 days a year and am not one bit close to being burned out but I can see how getting bored can cause others to make bad decsions because they are bored, those are the people you need to exploit and not fall into that trap (which isn't easy). I agree with the word GRIND. I currently go thru this everyday betting sports but I think that alot on here can use to this to there strenghts playing poker.

$200 a day would be an averge. I just thru some numbers out there for us to juggle around. Remeber for most this would be tax free so actually 50k take home is the same as 70k at another job.




As for JH (or whoever you are). Who are you? I have never even heard of you. 27 total posts. It is a gambling forum, peroid. If this question (and it was a question) isnt up to your standards than why the hell do you even come here. Better yet why do you come here at all? You add nothing with stupid comments like yours. What GAMBLING topic would you like to discuss?
 

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You will experience burnout if you do not automate the process. All the cool kids are doing it

And the cool kids aren't discussing how, as the poker rooms would like to know too ;-)
 

WVU

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And the cool kids aren't discussing how, as the poker rooms would like to know too ;-)


I rape and pillage the house not other players, but I know how it is done and have seen it in action. I aint sayin shit though
 

Rx Senior
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$200 a day would be an averge. I just thru some numbers out there for us to juggle around. Remeber for most this would be tax free so actually 50k take home is the same as 70k at another job.


It really isn't....Especially if you are going to do this as your main income, i recommend paying taxes on this money.

....and although I'm against trying to cheat uncle sam, if you are going to try and do this without paying taxes, don't post it on the internet.


As far as poker, if you are only a month into this, your learning curve has much room for growth. You will only get better at this, so if you are at $200/day now (5 hours), your profits should only increase. The key is finding the balance in how many tables and at what limits you can win at. Good luck ice
 

Rx Wizard
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It really isn't....Especially if you are going to do this as your main income, i recommend paying taxes on this money.

....and although I'm against trying to cheat uncle sam, if you are going to try and do this without paying taxes, don't post it on the internet.


As far as poker, if you are only a month into this, your learning curve has much room for growth. You will only get better at this, so if you are at $200/day now (5 hours), your profits should only increase. The key is finding the balance in how many tables and at what limits you can win at. Good luck ice

thanks for the kind words but this is more about how I think OTHERS who are looking to start making some extra money, can. I dont think this is that far fetched from what I have seen.

As for me, I think I can GRIND out a little profit but nowhere near 70k as I dont have the time, energy, knowledge, resources, etc to get to this level but it may be something I look into if I continue to enjoy it.

As for taxes. I agree totally this is just a comment on what I have gathered from other threads and what most on here say and feel about them and gambling.
 

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I rape and pillage the house not other players, but I know how it is done and have seen it in action. I aint sayin shit though

I know and have seen how also, but am not doing it as I don't have the active bankroll to sustain the variance of poker, having redirected much of it to "safe" investments.
 

Rx Wizard
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I know and have seen how also, but am not doing it as I don't have the active bankroll to sustain the variance of poker, having redirected much of it to "safe" investments.


have always respected your gambling style. Did you dabble in poker and how did it go?
 

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