Poker isn’t a hard game and you don’t need years of experience to become good at it. You don’t even need to play that well to make a lot of money. You just need to understand what the winning players are doing and thinking.
A winning limit players should average about 1 big bet per 100 hands (about an hour playing 6max). With this basic formula, an average $5/10 grinder should be able to make more then $5000 per month, providing that they put in the hours. Let’s say you play four tables at a time, 8 hours per day, 5 days a week. Every month you’ll be averaging $6400… playing low to mid limit stakes.
Winning no limit players should average 8 big blinds per 100 hands. Let’s say you play $1/2NL stakes and put in that same 8 hour work day 5 days per week. Playing four tables at once you will make $64 an hour which equates to $10,000 per month.
To good to be true? Not at all. I know a lot of players who’s monthly numbers have looked like this for years. Usually it’s the humble ones that don’t brag about their winnings. And don’t get me started at how much some of the kids playing $10/20 to $50/100NL make…
Here’s the secret held by all of the top winning players – poker skills, Bankroll management, self control, and dedication. That’s all! Players who can master these aspects of poker (often the former chess geeks and gamers) will be able to make a killing playing poker.
You are going to experience swings worse then you’ve ever imagined. You can’t avoid them, but you can protect yourself by keeping a large bankroll. When you have the padding to take a hit you won’t be effected as bad and you can stay focused on the long term upward slope.
Self control means knowing when to quit and knowing your place. You can be the 3rd best poker player in the world, but if you’re playing #1 and #2, then you’re going to lose money. Play only at tables where you can spot players making mistakes and you’ll come out ahead in the long run. If you feel yourself having the urge to win back lost money or just tilt in general, quit the game. This is how most players go broke.
Dedication of course means having the drive to put in the hours through the good and the bad. Play each hand the best you can, ignore the short term variance, and just keep playing. Before you know it, you’ll be cashing out more then $5,000 every month from your poker account.
With that said, this article is obviously an over simplification. Not everyone is going to have what it takes to consistently play winning poker day in and day out. But if you do have the patience and motivation to learn everything you can about poker, you’ll see results.