And this is why, yes, you can make a living playing poker. Who Can Make a Living Playing Poker? But who can actually play this game professionally? Well anybody in theory. But in reality things are a lot different. I live in Thailand where there is perhaps a bigger concentration of people playing online poker for a living than anywhere in the. Feb 15, 2014 Playing poker for a living is a roller coaster in every metaphorical way. It has provided me with raw elation and sheer depression. It was a no-brainer since I could play online poker from.
It has been said that poker is the hardest way to make an easy living. The one thing we can say for sure is that its a lot harder to make a living at it in a state with limited options for plying your trade.
That means if you want to play poker for a living you’re probably going to want to do it in a state with a lot of casinos or legal cardrooms. Playing in underground games every day may sound like a thrilling lifestyle. However, it’s a tough one to maintain when your bankroll is constantly under threat from local law enforcement and opportunistic thieves.
Essentially, what we’re saying is the best states to try to make a living playing poker are the ones with the most action. Legal, regulated and above board action.
Want to know where they are? Check out US Poker’s list of the five best states to make a living playing poker below:
Nevada
There’s no better place for a poker pro to call home than the state of Nevada. Probably because if you fall down just about anywhere inside the state, you’re a favorite to hit a poker room on the way to the ground.
In fact, there are more than 60 poker rooms operating across the state, which is probably six times more than the amount required to make a state a decent place to make a living playing poker.
Of course, the biggest and best action goes off on the Las Vegas Strip, where there are 18 different poker rooms hosting big-time cash game action and daily tournament schedules all within a few miles of one another.
The World Series of Poker
Big-time tournament action comes in the form of the annualWorld Series of Poker held in Las Vegas for six weeks every June and July. Thousands of poker players from all over the world descend upon Las Vegas for the events of the WSOP. However, it’s more than just the tournaments they come for. Cash game revenues at rooms across the state jump big time throughout the WSOP.
It’s a poker pro’s dream for six weeks. In fact, there’s so much poker money in Las Vegas during this time, whether they are playing cash games or tournaments, the WSOP can make or break a Nevada-based pro’s year.
The rest of the year brings a steady stream of big-time tournaments including regular World Poker Tour stops. Plus, as the gambling capital of the country, there’s always a good number of tourists filling the cash game tables from Las Vegas to Reno and Lake Tahoe.
There’s also legal and regulated online poker. Although the action is mostly limited to the WSOP site during the WSOP.
Regardless, Nevada is far and away the best state to make a living playing poker. The only issue might be that so many pros have moved there, the competition can be pretty stiff at times.
California
There are more than 90 licensed cardrooms that offer poker in California. They also offer player-banked versions of certain casino card games like blackjack.
Additionally, there are somewhere around 60 Tribal casinos in the state, many of which host poker rooms.
Between the cardrooms and Tribal casino poker rooms, there’s probably more action in California than there is in any other state across the country. The only thing that makes it a step below Nevada is most of that action is spread out across the state, instead of in one small area like Las Vegas.
Commerce and the Bike
However, the Los Angeles area does host two of the largest poker rooms in the world in the Bicycle Casino and Commerce Casino. The amount of cash game action in either of these cardrooms is enough for the average pro to make a sustainable living.
Plus, the World Poker Tour makes annual stops at both properties, if tournaments are where you’re looking to make big bank.
Getting lawmakers, cardrooms, Tribal casinos and potential online poker operators to agree on what legal and regulated online poker should look like in California has proved difficult. In fact, after a decade discussing it, the state seems no closer to passing online poker legislation than when those discussions started.
However, there’s a lot of big-time live tournament and cash game action up and down the coast all year long. And that’s enough to make California one the best states to make a living playing poker.
Florida
It wasn’t that long ago that poker in Florida was limited to home games at seniors centers and not much else. The game spread to dog tracks and Jai alai frontons in 1997. However, a $10 maximum on all pots rendered the game unrecognizable by today’s standards. The laws changed a couple times in the early 2000s, but the betting limits, limits on the number of bets and a $100 maximum buy-in still didn’t make any sense.
Poker soon spread to the state’s first tribal casinos. However, except for a brief period of time where the tribes allowed multiple rebuys to skirt around the maximum buy-in laws, the poker scene in the Sunshine State remained small.
Most of the caps were removed in 2009 and Florida suddenly became a destination for poker.
Seminole Hard Rock Hotel & Casino Hollywood
A big-time tournament scene emerged, particularly down south at the Seminole Hard Rock Hotel & Casino in Hollywood, which put up some major guarantees to attract players. There were overlays at first, but the Hard Rock in Hollywood now boasts some of the most well-attended tournament series in the country. The World Poker Tour and The World Series of Poker Circuit have even made it a regular stop.
The cash game scene has also thrived, from Jacksonville to Fort Lauderdale.
Atlantic City and Las Vegas may have the market cornered on check-raising tourists. However, there’s no better place to get called down by a wealthy retiree who just had to see it than Florida.
Add it up and for pro players who want to play lucrative cash games year round and major tournaments on a regular basis, Florida has become one of the best states to make a living playing poker.
New Jersey
The casino business in Atlantic City has had its share of ups and downs over the years. However, the seaside resort town has long maintained its status as the home of poker on the East Coast. Casinos became legal in the late 1970s, but poker didn’t get the thumbs up from lawmakers until the summer of 1993.
The Trump Taj Mahal launched a 50-table poker room that year that immediately became the center of the poker universe. There were other rooms, but no one really emerged as real competition until the Tropicana opened up a 40-table poker room in 1998. It was a pretty fierce rivalry between the two.
The Borgata Hotel Casino & Spa
In fact, it was all about either the Taj or the Trop for poker players in AC until 2003, whenBorgata Hotel Casino & Spa opened up in the city’s marina district.
The Borgata opened with a modern 34-table poker room that immediately became market leaders. A big boom in poker’s popularity soon followed. Suddenly, Borgata established itself as the East Coast’s premier poker destination.
The property started hosting events on the burgeoning World Poker Tour right from the outset. Its WPT events are still breaking tour entry records on a regular basis.
In 2006, poker’s popularity peaked and Borgata underwent a $200 million expansion. The poker room was expanded to 85 tables and revenues kept on rising, even as the growth of the game slowed.
The Taj has since closed and poker at the Trop moved to a much smaller space. However, there are other poker rooms around Atlantic City with action, and certainly plenty of it at Borgata to this day.
When it comes to major tournaments, the WPT is still huge at Borgata and the property runs seasonal festivals that draw big numbers with or without the WPT’s name on the marquee. Plus, Harrah’s Atlantic City has emerged as a regular stop on the WSOP Circuit.
The state also opened up a legal and regulated online poker market in 2013, with major operators like PokerStars, partypoker and 888poker opening shop to offer real-money games. It’s still a rather small market. However, New Jersey did sign on to share player pools with other states in 2017, so it should grow from here.
Put it all together and New Jersey is clearly one of the best states to make a living playing poker.
Pennsylvania
Pennsylvania is one of the more recent entries into the casino gambling game. Slot machines were legalized in 2004. Table games, including poker, were legalized in 2010.
Then, in just the first three years of full casino operations, Pennsylvania surpassed New Jersey as the country’s second most profitable gaming market.
There are now 12 casinos in the state and 10 of them have poker rooms. In fact, poker has become quickly become a big part of what several casinos are doing to bring people in.
Parx Casino
Parx Casino has long been the poker room revenue leader in the state. It had an 80-table poker room that hosted a ton of cash-game action, daily tournaments, and the popular Big Stax tournament series five times annually.
Now it has moved poker into a sleek and modern 48-table room inside the main building. Nothing about the amount of action at Parx should change, and to be honest, there’s probably enough of it at Parx alone to make PA one of the best states to make a living playing poker.
However, there’s more.
Sands Bethlehem’s 30-table poker room also hosts a big cash game scene and the somewhat regular DeepStack Extravaganza tournament series. Harrah’s Philadelphia has a room affiliated with the World Series of Poker, which means WSOP Main Event satellites.
Plus, The Poker Night in America Poker Room at SugarHouse Casino in Philadelphia has all kinds of action and is affiliated with the “Poker Night in America” TV show, regularly hosting televised events.
The 30-table room at Rivers in Pittsburgh shares the same affiliation. Plus, the Pittsburgh-area’s Meadows Casino started hosting a Heartland Poker Tour stop in 2017.
Additionally, there’s a ton of great cash game promotions at the other smaller rooms across the state. Put that together with all the big time tournament action, plus the fact the state just green lit online poker, and there’s little doubt Pennsylvania is the kind of place a pro can make a living now and for years to come.
Honorable mention
Honorable mention has to go to a state like New York. The New York poker scene used to be all about underground cash games in New York City and underage tournaments at Tribal casinos upstate. However, the state has seen four new commercial casinos open up over the past year and they all have poker action.
Connecticut deserves some love on this list as well. The rooms at Foxwoods and Mohegan Sun have enough cash game action to sustain the average pro and they host some big tournaments as well.
Finally, a shout out goes to the District of Columbia. Folks from the capital region used to have drive three hours or take the train to Atlantic City to play poker. Now, there’s an emerging poker scene including more than 100 tables at Maryland Live!, Horseshoe Baltimore, and the MGMjust outside of DC.
Many different paths carry first-timers to the poker table. Some come to poker via other card games, while others find poker after having sampled other gambling games in the casino such as blackjack, craps, or roulette. Sports bettors also sometimes wander from the sportsbook over to the poker room and find themselves in a game — and perhaps find poker intriguing thanks to the sports-resembling competition the game provides.
Those who stick with the game do so for many reasons as well, although most are motivated by the prospect of making a profit at poker. Especially those who win at first — which happens quite a lot — will keep playing to try to win more, with some even being encouraged to think about winning a lot more and perhaps even to become professional poker players.
But while poker is a game that rewards skill, luck plays a role, too. Those who initially win at poker likely do so in part because of getting dealt good cards, hitting draws when they need to and avoiding others' hitting theirs. Only those who take some time to learn poker strategy and gain experience are usually able to sustain that success over longer periods.
In other words, the short answer to the question 'Can I make money playing poker?' is obviously that you can, but you also need to be willing to put in the work to increase your skills and have an advantage over your opponents. The fact is, while it's certainly possible to win at a single cash game session or go deep and win a lot in a single tournament, only a small percentage of players remain profitable long term, and invariably those players are better skilled than those who do not.
Let's look a little more closely at the question, however, by asking a few other questions addressing factors that will affect the likelihood of your being able to make money at poker as well as how much money you can make.
1. What is your win rate?
The generic term 'win rate' is used to refer to how much someone is winning at poker over a given period of time or hands played, although in truth the term is also used when referring to how much a player is losing, too. A player with a positive win rate is profiting at poker while a player with a negative win rate is not. Calculating your win rate is done differently in cash games and in tournaments.
In cash games, a win rate is usually expressed as the amount won per hour or 100 hands. In no-limit hold'em or pot-limit Omaha, the unit of measurement is often converted to big blinds — e.g., in a $1/$2 NLHE game, making a profit of $10 = winning 5 big blinds.
Meanwhile in limit hold'em, stud games, and others with fixed-limit betting the amount won is usually measured by the number of 'big bets' it represents. For instance, in a limit hold'em game where the small bet is $2 (preflop and flop) and the big bet is $4 (turn and river), a player who makes $100 is said to have won 25 'big bets.' (Somewhat confusingly, both 'big blinds' and 'big bets' are often abbreviated as 'BB.')
Meanwhile in tournaments a win rate is usually expressed as a player's 'return on investment' or 'ROI.' Divide your profits by your expenses and multiply by 100, and you get a percentage representing your ROI. For instance, if you spend $200 in buy-ins and cash for $220 total, your ROI is $20 (the profit) / $200 = 0.1 * 100 = 10%.
Obviously if your win rate or ROI is negative, you aren't making money playing poker. But even if you enjoy a positive win rate or ROI, you need to consider other expenses related to playing poker and look at whether or not your winnings are exceeding them. If it costs you $10 in gas every night to get to and from a poker room and you're only averaging winning $5 per session, your win rate is positive but you aren't making money. Or if you spend $10,000 over the course of a year traveling to poker tournaments but only have an ROI good enough to earn you $8,000 worth of cashes during that time, you're technically 'winning at poker' but losing money overall.
The biggest point to take away here is that if you are interested in making money at poker and don't keep track of your wins and losses, start doing so right now. Find out what your win rate or ROI is, take into account other possible expenses associated with playing poker, then you'll see whether or not you are making money at poker. You'll also likely be encouraged to sharpen your study of the game in order to try to increase your profit if you're winning (or to become profitable if you're losing).
2. How much do you play?
Another question to ask when addressing the larger question of whether or not you can make money playing poker is to consider just how much poker you're playing.
If you're strictly a recreational player who only joins a home game once per week or who plays online poker for an hour or two here and there, you can still win at poker but only a limited amount. Also, those who play poker only sparingly aren't necessarily gaining experience and knowledge that will help them build their skills and win more consistently.
A number of serious players who put in a lot of 'volume' at the tables are able to increase their profit steadily even if their win rates are somewhat low. Most tend to consider cash games a more reliable way to make money at poker given the higher variance of poker tournaments.
If you think about it, in most poker tournaments only the top 10 or 15 percent of finishers enjoy any profit at all, so it logically follows that the majority of players finish out of the money most of the time they play. Really only the most successful tournament players are able to cash enough to sustain an ROI as high as 10 or 20 percent (or more), with most who are profitable sitting in the 5-10 percent range.
That means when playing tournaments even good players lose money more often than they win money. But when they win they win enough to more than make up for the losses, sometimes hitting especially big scores when finishing at a final table or winning the entire tournament and getting back 10, 20, 50, or even 100 times the buy-in.
Cash games tend to be less volatile that way, although even there good players will frequently have losing sessions. They may even have more losing sessions than winning ones, although they manage to enjoy larger profits than losses, generally speaking, and thus have positive win rates. Even so, if you don't practice sound bankroll management, you can experience one very bad cash game session and lose everything you've won and then some.
Earn One's Living
Once you've figured out your win rate, you can think about how much you need to play in order to make a desired amount over a given period of time.
You should also try to gauge what is the best amount of time to play poker for you in order to increase your chances of remaining profitable. Some are better of playing, say, only 10-20 hours per week than 40-50 hours per week, or shorter sessions instead of long ones, because they have trouble focusing and thus playing well over longer periods. Meanwhile others can put in those extra hours and not suffer as a result.
3. What stakes are you playing (and are they right for you)?
Probably the most important question to answer when delving more deeply into whether or not you can make money at poker is to look at the stakes for which you are playing. And — importantly — whether you are choosing well when deciding upon your stakes and sitting down in games in which you can win and win consistently.
One common misconception among new players is that the best way to win more money at poker is to play for higher stakes. A player who wins consistently at the $1/$2 NLHE cash game might imagine simply picking up and moving over to the $10/$20 game will result in winning 10 times as much money, but more often than not such ideas turn out to be foolhardy.
Games of different stakes attract differently skilled players. While the lowest stakes games almost always include the least-skilled and least-experienced, they attract strong players sometimes, too. Similarly, many of the best players can be found in the higher stakes games, but there also will inexperienced or poor players sometimes sitting around the table.
On average, though, the higher the stakes the tougher the games. Thus do the profitable players' win rates actually go down as the buy-ins and/or stakes go up. In online cash games (just to cite one example), NLHE players of the lowest stakes including the 'micros' have been known to sustain win rates of as much as 20-40 BB/100 hands over large sample sizes, while the best players in the higher NLHE games online generally top out at around 3-8 BB/100 hands.
That's one reason to be realistic about moving up in stakes in poker — even if you're great and better than most in the games, you aren't going to win at the same rate you did at the lower stakes.
But you also need to be practical about your own ability as a poker player and recognize when the competition is too tough to beat. As you move around and test out which stakes work for you, continue keeping accurate records and note at which stakes (for cash games) or buy-ins (for tournaments) you are winning most consistently, and where you are winning less or losing.
Sometimes you might find it hard to win in a lower stakes game than in one a notch or two above, simply because of your particular skill set and how well you respond to the styles and tendencies of others. More often, though, there will be a stakes 'threshold' (of sorts) above which you might take shots now and then but probably shouldn't go on a regular basis.
Can You Earn A Living From Online Poker
In any case, be honest with yourself and smart with your bankroll, and your chances of making money at poker will increase as a result.
Earn A Living Online Poker Download
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