Online poker 2021 money to be made?

  • Thread starter Thread starter davpok44
  • Start date Start date
D

davpok44

Rising Star
Bronze Level
Poker Chips
0
Casino Coins
0
Over 10 years have dabbled with online poker. I play cash, tournament and sit and go. Playing cash can make 3BB per hour average. Tournament lose about 10% of cash every 30 hours of game time. Sit and go similar lose 10% of cash.

The reason I post is I enjoy the game but as a gamble to make money close to a waste of time. Cash making 60 cents per hour on 20nl and that's playing well. Are most players now playing more for fun and not to make money? Is cash games only way now? Been out of the loop online wise for a while. Thanks.
 
Reply
  • Like
Reactions: deputat777 and KozakAlex
There is money to be made, but not if you only dabble. To make real money, you will need to put in daily hours for multiple months just to get profitable. Then you have two choices, slowly work up levels into higher money games, or you can learn multi tabling. Either (or both) will take months.

If you are able to devote a year to study and game time, any smart player should be able to earn a modest living. If you want to dabble, then play games you like in stakes you can afford. Either way, remember that there are players better than you and players worse. Finding which are which is the most valuable thing you can know.
 
Reply
  • Like
Reactions: alien666dj and fundiver199
I think yes, Ved streamers are making money, the main thing is to play to win to exclude luck and entertainment) then you will definitely make money on poker
 
Its not easy to get a high hourly winrate, but its pretty easy to win money online. I have personally found low stakes MTTs (5-15$) to be the most profitable games for me to play. If you cant beat tournaments on this level, or of course the micros, then there is big room for improvement in your game. Being a marginal winning cash game player is not quite enough to cut it in MTTs, since you need to make constant adjustments for stack sizes and understand ICM as well as push/fold ranges.

I have also won some money in cash games, but I find, that my hourly winrate there is lower, mostly because the effective rake is much higher. If you only win at 3BB / 100, then the poker site keep around 75% of your net winnings, which obviously makes it a bit of a treadmill. This is basically, why I moved to MTTs. I found, that at 25NL the games got significantly tougher, and I did not want to sit and battle it out with a bunch of tough regs for a 3BB / 100 winrate.

As for STT SnGs I have only been a break even player in those. My total sample size is still fairly small though, so I dont want to make to many conclusions just yet. But obviously a STT has a shorter duration than an MTT, and the rake is the same or sometimes even higher. So most likely the issue is the same as with cash games, that the games are simply to highly raked to really be profitable given the skill edge, you can realistically find. Action also tend to die out at rather low stakes, so the potential for moving up is limited.
 
Reply
  • Like
Reactions: whiskers77 and alien666dj
There’s always money to be made

You just have to focus on perfecting your game. Stay steady and put in the hours and it’ll pay off.
 
To make a lot of money at online poker you should get really really good and multi-table lots and lots of tournaments and/or cash game hands.
 
I think Yes, a lot of money can be make in 2021 for sure.
You have to carefully pick the best game that fit you
 
In other modalities, I don't know, but I know that in tournaments there is good money to be won. But the variance can also be much higher.
This year I am looking to get that money.
Good luck to U.S!! 😎
 
Yes, unfortunately. Poker can no longer be considered a way to make money. At least I haven't won anything for a long time. A little bit won and immediately goes a long streak of failures. Because of some kind of doom, I stopped playing seriously.
 
davpok44 said:
Over 10 years have dabbled with online poker. I play cash, tournament and sit and go. Playing cash can make 3BB per hour average. Tournament lose about 10% of cash every 30 hours of game time. Sit and go similar lose 10% of cash.

The reason I post is I enjoy the game but as a gamble to make money close to a waste of time. Cash making 60 cents per hour on 20nl and that's playing well. Are most players now playing more for fun and not to make money? Is cash games only way now? Been out of the loop online wise for a while. Thanks.
Click to expand...


Much more difficult to win vs. how it was 10yrs. ago. As you're aware, 10yrs. ago a pretty straightforward TAG style of play in MTT's and you could be profitable. And in SNG's, it wasn't too hard to have an ROI of +10% if you'd put in a bit of studying.

Today the game has evolved and the player pool has changed considerably. In cash games even in the low & micro limits you will find lots of decent players (of course it's dependent upon the site and time of day). Micro/Low buyin MTT's are generally much softer as they seem to attract more novice/ recreational players.

These days there is generally less rewards programs and promos and the RAKE is much higher than it was in the past. Hunt around & you'll find decent enough stuff to play.

gl
 
Sit n Go’s are terrible in the long run. Take this scenario for example. You play in ten $30+3 games. That’s a $330 investment. You cash in 4 of 10 of these games which is a good rate. And of those cashes one was 1st place $135 (50%), one was 2nd place $81 (30%), and two were 3rd place finishes $60+$60= $120 (20%). All of that equals $336 which is only a $6 profit.

So basically you have to defy the odds and cash in the Top 2 just to make a profit. The scenario I gave would be considered a break even 10 game sample.
 
60 cents hourly on 20NL? Are you insane? My average is like 5USD on this limit per table, per hour.
 
You can make money by being careful “for fun” playing one of the most popular card games of our time, poker. At the same time, you should understand that in order to start making money on poker, you need to not only learn the rules of poker, but also understand all the intricacies of the game. It takes many years to understand all the intricacies of the gameplay ... At the same time, in order to start earning even a little, you don't have to become a professional. You can even make money without investing your own money by playing freerolls (tournaments where you don't have to pay to enter, but you can win real money) or by receiving no deposit sign-up bonuses. True, in such cases it will not be possible to win much. To start winning substantial amounts (from $ 1,000 per month), you need to become a professional gambler.
 
There's always money to be made however you need to look at the time-cost-benefit analysis... even if you win an MTT SNG is it worth spending your Saturday on for that insignificant amount of money?!
 
"Evidence of PRNG"? Give me a break. That is the *default* when programming any sort of randomly generated game. Almost every single game that uses an "RNG" actually uses a "PRNG". *Very* *very* few programs use cryptographically secure RNGs - this is actually an extremely difficult thing to generate since it must rely on hardware based solutions (some solutions use radio waves, sunspots, etc. but are largely still imperfect).

This is all just Comp Sci 101.
 
Pokerman32750 said:
There's always money to be made however you need to look at the time-cost-benefit analysis... even if you win an MTT SNG is it worth spending your Saturday on for that insignificant amount of money?!
Click to expand...
For example, on poker stars on Saturday and Sunday, increased prize money in mtt, for example, in a tournament for 0.55, there can be a prize for first place up to $ 350 and if you take even the 5th place and get say $ 70, it is definitely worth the time spent. Let's say you played in such tournaments for the entire weekend in the month 10 times spending 4 bayins of 0.55 and 6 of 1.10 for a total of 8.8 dollars, in one turnmre you took 1st place and received 300 dollars in the other two 9 and 20 places is somewhere 20 + 40 and so on 300+60+360-8,8= $ 351.2. In my country, the minimum wage is $ 102, so for me, 351 is good money. This month, I have so far managed to win $ 250 with a deposit of $ 10, I have brought 100 to the card. I did not play on the bankroll and lost 150, I think the simplest mistakes such as maintaining a bankroll plus the desire to get a big profit overnight and do not allow many players to earn money on poker. I know my mistakes, but I still make them when I play.
 
tomk7788 said:
To make a lot of money at online poker you should get really really good and multi-table lots and lots of tournaments and/or cash game hands.
Click to expand...

LitPavel said:
For example, on poker stars on Saturday and Sunday, increased prize money in mtt, for example, in a tournament for 0.55, there can be a prize for first place up to $ 350 and if you take even the 5th place and get say $ 70, it is definitely worth the time spent. Let's say you played in such tournaments for the entire weekend in the month 10 times spending 4 bayins of 0.55 and 6 of 1.10 for a total of 8.8 dollars, in one turnmre you took 1st place and received 300 dollars in the other two 9 and 20 places is somewhere 20 + 40 and so on 300+60+360-8,8= $ 351.2. In my country, the minimum wage is $ 102, so for me, 351 is good money. This month, I have so far managed to win $ 250 with a deposit of $ 10, I have brought 100 to the card. I did not play on the bankroll and lost 150, I think the simplest mistakes such as maintaining a bankroll plus the desire to get a big profit overnight and do not allow many players to earn money on poker. I know my mistakes, but I still make them when I play.
Click to expand...

Really good points thats true what you say about not being too greedy and taking what the game gives you as opposed to having an arbitrary goal let's say profit $500 USD during a Saturday/Sunday.. you could be up $400 and still lose all of your profit unsuccessfully trying to win that extra $100..
 
It's not worth it too much time and maybe you won't get anything back
 
Playing poker you never waste your time, because you enjoy. Money is the matter of professional approach with hundreds of nuances.
Want poker money - build a considered Business Plan (Pilot, Budgets, SMART objectives, KPIs, etc). Make a mid-interval analysis and get the final answer by yourself if it's ok for you.

Оften the same answer may be different for different people.:icon_salu
 
Reply
  • Like
Reactions: whiskers77
fundiver199 said:
Its not easy to get a high hourly winrate, but its pretty easy to win money online. I have personally found low stakes MTTs (5-15$) to be the most profitable games for me to play. If you cant beat tournaments on this level, or of course the micros, then there is big room for improvement in your game. Being a marginal winning cash game player is not quite enough to cut it in MTTs, since you need to make constant adjustments for stack sizes and understand ICM as well as push/fold ranges.

I have also won some money in cash games, but I find, that my hourly winrate there is lower, mostly because the effective rake is much higher. If you only win at 3BB / 100, then the poker site keep around 75% of your net winnings, which obviously makes it a bit of a treadmill. This is basically, why I moved to MTTs. I found, that at 25NL the games got significantly tougher, and I did not want to sit and battle it out with a bunch of tough regs for a 3BB / 100 winrate.

As for STT SnGs I have only been a break even player in those. My total sample size is still fairly small though, so I dont want to make to many conclusions just yet. But obviously a STT has a shorter duration than an MTT, and the rake is the same or sometimes even higher. So most likely the issue is the same as with cash games, that the games are simply to highly raked to really be profitable given the skill edge, you can realistically find. Action also tend to die out at rather low stakes, so the potential for moving up is limited.
Click to expand...
On which site are you playing? I play 87000 hands mtt till 20$ on pokerstars and still have to deposit
 
Back
Top