Can poker be profitable
Earning money with poker: this is how you can play poker profitably too!
Beginners come into contact with poker in different ways these days. Roulette, craps or blackjack were often tried first before taking a seat at the poker table.
Even sports bettors from the betting office often find poker much more interesting in the end. Finally, among the players there is a competition that is similar to other sports. People then become interested in poker for a variety of reasons.
Most often there is the reason that money is being won. Those who are lucky and win usually want to win a lot more. It is not uncommon for some of the players to also seek careers as professional poker players.
Table of Contents
Make money playing poker
Poker rewards skillful players, but luck also plays an important role. If you win big straight away, you have usually received good cards. Then, while opponents missed draws, their own draws were made when necessary.
However, if you want to win over the long term, you need to gain experience, learn poker strategies, and invest time. Many newbies often ask whether there is money to be made in poker. This is possible, but only if time is really spent on it.
Every beginner should get better and gain an advantage over the opponents. In general, anyone can do a deep run in a tournament or win individual cash game sessions. However, only a small percentage of players play consistently profitable.
Some factors play an important role in whether and how much money you can really win. You can read up on some of these factors on Cleverzocken.com, and you will learn more in the course of this article. But first you will find out what role win rates and ROI play in profitable poker.
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What are Winrate and ROI?
The amount of money that is won over a certain period of time or over a certain number of hands is called the win rate. This is an interesting topic for players because the higher the win rate, the more money is won. BB / 100 is the number of big blinds won per 100 hands.
BB / hour is the number of big blinds won per hour. $ / 100 is the amount of money won per 100 hands. $ / hour is the amount of money won per hour. Return of Investment or ROI is a term that originally comes from business administration. The profit achieved is then put in relation to the investments made.
Poker often uses this to see how profitable the players are in tournaments. For example, if the tournament buy-in is 109 euros and the profit is 150 euros, then 41 euros have been won. The ROI is then 100 times 41/109 and that would be 37.61 percent. The ROI is therefore always calculated with 100 times the total profit / tournament buy-in.
What is the win rate?
The win rate describes how much money the players have won after different hands or in a certain period of time. However, the term is also used to describe how much money the players have lost. Players with a positive win rate are winners and players with a negative win rate are on the losing side.
In tournaments and cash games, the way the win rate is calculated is different. For the cash games, the win rate is then given per 100 hands or as a profit per hour. The unit of measurement is the big blinds in Pot-Limit Omaha or No-Limit Hold'em. For example, if you win 10 euros at the EUR1 / EUR2 NLHE table, you have won five big blinds.
In stud games, limit hold'em and other fixed-limit games, things are different, because here winnings are converted into big bets. For example, the small bet in the Limit Hold'em game can be EUR 2 and the big bet EUR 4.
If the players finished with a plus of 100 euros, 25 big bets were won. Big bets and big blinds are often abbreviated to BB. The win rate is expressed in tournaments as the return on investment and this is abbreviated as ROI. In order for the ROI to be calculated, the profits must be divided by the expenses and the value is then multiplied by 100.
At the end you get the percentage ROI. The negative ROI obviously means that money is being lost in tournaments. You also need to keep an eye on the expense of the positive win rate associated with playing poker.
If you have to fill up 10 euros for the trip to the poker room and win 5 euros per session, then you have a positive win rate, but you don't earn any money. When you travel to major poker tournaments, the sums can get bigger.
If you spend more money on flights and hotel accommodation than you earn according to the ROI, then while you are a profitable player, you are clearly losing money. You should urgently have an overview of your losses and winnings if you want to make money in poker.
You will know exactly whether you are making money if you know the amount of ROI and / or win rate and pay attention to the expenses. Many players are also motivated to work on the game. If you are currently losing money, you can often play profitably afterwards.
How often is it played?
Whether or not you make money through poker also depends on the amount of time you spend playing the game. Recreational gamers only visit the home game once a week and then they only play poker on the Internet for an hour or two occasionally. Of course you can also win with it, but only for a limited amount of money.
If you only play sporadically, then it is difficult for you to increase your knowledge and gain experience. Serious players unwind a high volume at the tables so that the winnings are driven up, even if the win rate is then rather low.
Most of the time, the decision is made in favor of cash games, because this is the most reliable way to win in poker. Due to the higher variance, the poker tournaments are less suitable. Only the last ten to fifteen percent of players receive prize money in many poker tournaments.
Many players finish the tournament outside of the paid rankings. The ROI of ten or twenty percent can only be sustained by the successful tournament players.
Many profitable players are satisfied with the ROI of five to ten percent. Even good players lose more often than they win in tournaments. However, if prize money is then received, the losses can be made good again. This is especially the case when the players reach the final table or win the entire tournament.
The cash game players struggle with less strong swings, although the good players regularly suffer losses here as well. Many players even have more sessions that end up in the red. Conversely, if more is won, the positive win rate can be earned in the end.
The best players in the world should also acquire sensible bankroll management, because even a bad session is enough for the winnings to be completely eaten up.
Once you have found out your winrate, you can think about how much must be played in order to win a desired amount over a certain period of time. You should then also learn to estimate how long you need to play poker in order to increase the chances of achieving the positive win rate.
Some players only play ten to twenty hours a week instead of forcing themselves forty or fifty hours a week. If you have problems with concentration, you should rather play shorter sessions. Some players don't mind this much and they can play for a few hours.
What stakes are being played?
You should definitely clarify which stakes are being played. Be wise when choosing stakes and only play the games that you can really beat. Many new players believe that more money can be made by stopping the stakes.
The $ 10 / $ 20 game should win ten times as much as the $ 1 / $ 2 NLHE chshgame tables, but the idea usually turns out to be foolish and the bankroll wanes. Different types of players are attracted by different stakes.
At the lowest limits there are mostly untalented and inexperienced players, but there are occasional strong players as well. Tables with the highest stakes tend to have the best players, but weak players occasionally get lost there too.
In general, the higher the stakes, the more difficult a game is. With profitable players, the win rates go down when it comes to higher stakes or buy-ins. The best NLHE players achieve between 20 to 40 BB / 100 hands on the Micro-Limts win rates in online cash games and this over the large number of hands.
Even the top players usually only get three to eight BB / 100 hands at the higher NLHE stakes. If you want to climb the limits, you should stay realistic. Even if you play better than most players and play great, you will not have the same win rate as you would at the low stakes. At the same time, as a poker player, you need to have enough experience to recognize early on when other players are too strong to play profitably.
When testing different stakes, make a note of which buy-ins or limits you are consistently winning at. Also note where you are losing or reaching the limit. It can happen that you have trouble beating a limit, even though you have no problem with it. Against the tendencies and playing styles of your opponents, you simply play more intelligently at the higher stakes.
Most poker players will, however, come to their limits and then reach a limit that should by no means be played regularly. In any case, be careful with your bankroll and be honest so that your chances of winning at poker are increased. If you want to be successful at online poker, then you can consider the following 10 tips.
Tip 1: Familiarize yourself with the online poker site
In general, you can learn Texas Hold'em Poker easily, but for the game of skill you should play regularly and learn a lot. First go to the cashier at the online casino and you can make deposits. There are usually several valid payment methods to choose from.
Poker on the Internet is very different from live poker in the casino. With a few tips you can play more profitably and win more often. If you have never played online before, take a closer look at the poker site. Sometimes free Texas Hold'em games are offered that you can try.
Compared to the land-based casino, the pace of online poker is different. About twice as many hands are played every hour compared to live poker tournaments. You first have to get used to the speed of the game and the other functions of online poker.
Tip 2: choose good bonus programs
There is a lot of competition in online poker rooms and therefore there are plenty of great deals and poker bonuses out there. You can choose a site that offers at least a 100 percent bonus on the first real money deposit.
For playing you will also receive loyalty points on many sites and these can then be redeemed for prizes or money. You shouldn't forget freerolls either. Sometimes free tournaments are held where real money can be won.
Tip 3: start with low stakes
Even if live casino games often involve higher amounts, you don't do this at the beginning of online poker. You quickly notice that the online opponents are quite savvy.
Compared to the normal live poker game, the competition is often stronger. If you comfortably win a large part of the games, you can play for higher stakes.
Tip 4: learn poker strategies
Poker depends only to a limited extent on luck, because it is a game of skill. You can read poker books or learn about poker strategies. You can use it to improve your game and win more often.
The sitting position is important and think about which hands you want to play. Pot odds are important because it's about the odds of the hand winning depending on the size of the pot. Tables can help you assess hands better.
Tip 5: use the poker software
There is a lot of poker software available so that you can play better and win more often. Some software is even free at good poker sites. With the hand history you can go through the tournament or game again. You can see the mistakes made.
Some software will also help you assess your hands better. There are also good heads up calculators. Some tools can also be downloaded for free and there are paid programs that are suitable for aspiring professionals or serious poker players.
Tip 6: Study your opponents
If the faces of the online opponents are not seen, there is still some information about the opponents. You can quickly see that some players act similarly to the games.
You can take notes, and many online poker sites allow you to do so. Different colors can often be assigned to the players. For example, the color red is very suitable for aggressive or dangerous players.
Tip 7: play more than one table
Once you get used to the speed of the game online, it is often boring waiting for another round. You don't have to worry about anything else, because you can play at several tables at the same time. The chances of winning can be increased and you do not have to play with higher stakes to win.
Tip 8: play without distraction
If you want to play poker profitably, then focus on the game. It's best to create a distraction-free zone and not watch the TV or Facebook page at the same time. Poker is a game of concentration, so you need to concentrate to win.
Game 9: Play at different poker sites
The internet sites for poker compete with each other and therefore customers should be won. Sometimes many good offers are made and you can use the deals to play more profitably.
Often times a bonus is received. If you haven't played on a site for a long time, you will often receive a great offer so that you can play again. There are often reload bonuses for regular players as well.
Tip 10: Don't forget the limits
Don't play because you want to win money, but because it's fun. Don't make the mistake of betting too much money, especially in cash games. You should only spend what money you can spare. You should always set limits for the games or deposits.
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