Online Poker - Sucess?
Discussion
Hi,
I have just been speaking to my brother in law and he not so long ago won $12,500 on Texas Hold em tornament which he used as a deposit on his new car.
Has anyone had a sucess such as the above or perhaps even better? I havent a clue about the game but i'm thinking i might learn for free and try it for real.
I have just been speaking to my brother in law and he not so long ago won $12,500 on Texas Hold em tornament which he used as a deposit on his new car.
Has anyone had a sucess such as the above or perhaps even better? I havent a clue about the game but i'm thinking i might learn for free and try it for real.
Spam said:
Hi,
I have just been speaking to my brother in law and he not so long ago won $12,500 on Texas Hold em tornament which he used as a deposit on his new car.
Has anyone had a sucess such as the above or perhaps even better? I havent a clue about the game but i'm thinking i might learn for free and try it for real.
Takes time, and IMO takes you to be addicted to it to get the time in required to be good.I have just been speaking to my brother in law and he not so long ago won $12,500 on Texas Hold em tornament which he used as a deposit on his new car.
Has anyone had a sucess such as the above or perhaps even better? I havent a clue about the game but i'm thinking i might learn for free and try it for real.
I won about 20k in a year when I was at college, and lost it all in various other forms of gambling. It is good, but I couldn't be doing with it now, too rash for it these days.
But you can do it, my housemate plays daily and wins about a grand every month from an initial £150 outlay. But he has been playing for years..
I would be very cautious.
A friend of mine was out on a night with us once, had a few to many and decided to go back and play some online poker (he has been playing for several years now)
I rang him in the early hours asking how he was and he was around £8000 up.
I rang him when I woke at around 10am later one and not only had he lost the £8000, but a further £2000 of his own money that he had ploughed in to try and get something, anything back.
As a direct result of this he had to sell his car.
A friend of mine was out on a night with us once, had a few to many and decided to go back and play some online poker (he has been playing for several years now)
I rang him in the early hours asking how he was and he was around £8000 up.
I rang him when I woke at around 10am later one and not only had he lost the £8000, but a further £2000 of his own money that he had ploughed in to try and get something, anything back.
As a direct result of this he had to sell his car.
Steameh said:
I would be very cautious.
A friend of mine was out on a night with us once, had a few to many and decided to go back and play some online poker (he has been playing for several years now)
I rang him in the early hours asking how he was and he was around £8000 up.
I rang him when I woke at around 10am later one and not only had he lost the £8000, but a further £2000 of his own money that he had ploughed in to try and get something, anything back.
As a direct result of this he had to sell his car.
Bloody hell that's bad. My brother in law has been playing for about 10 years I think and he never risks alot of money when playing I didnt really understand what he was talking about but $12,500 is the most he has won in one go, he has won more than he has lost.A friend of mine was out on a night with us once, had a few to many and decided to go back and play some online poker (he has been playing for several years now)
I rang him in the early hours asking how he was and he was around £8000 up.
I rang him when I woke at around 10am later one and not only had he lost the £8000, but a further £2000 of his own money that he had ploughed in to try and get something, anything back.
As a direct result of this he had to sell his car.
ETA: He would never chuck £2000 into it though. I remember years ago he won a bit over a sucession of months. He said he uses pokerstars.com he was also telling me about their point scheme and that they use to have an Aston Martin on their for 5,000,000 points but he said you would have to of played ALOT to even get that many points, currently their is a Porsche Cayman S on their point shop for 3,000,000 points!!
Edited by Spam on Sunday 24th August 00:52
my housemate plays cash games online, and has made about $80,000 so far from $200 about 4 years ago. He plays crazy amounts of hours, and can have huge up/down swings, but his bankroll management is what keeps him profiting and being extremely patient and constantly adapting his game!
lenny007 said:
Like all gambling, go into it with your eyes open.
Don't drink if you gamble, unless you like to lose cash.
Don't gamble more than you can afford to lose.
Other than that, try it for an hour one night and take it from there.
I was going to try their free practise games which you still play against people but no money is won or lost just to see how I do.Don't drink if you gamble, unless you like to lose cash.
Don't gamble more than you can afford to lose.
Other than that, try it for an hour one night and take it from there.
lenny007 said:
Like all gambling, go into it with your eyes open.
Don't drink if you gamble, unless you like to lose cash.
Don't gamble more than you can afford to lose.
Other than that, try it for an hour one night and take it from there.
Indeed. One's gambling, one's earning a living. It is possible to make a considerable amount of money consistently. Most will just lose money.Don't drink if you gamble, unless you like to lose cash.
Don't gamble more than you can afford to lose.
Other than that, try it for an hour one night and take it from there.
The only problem I found with poker is that, while my money management was good and I was slowly learning strategies for sussing out players, I found it so boring as a card game.
Spam said:
lenny007 said:
Like all gambling, go into it with your eyes open.
Don't drink if you gamble, unless you like to lose cash.
Don't gamble more than you can afford to lose.
Other than that, try it for an hour one night and take it from there.
I was going to try their free practise games which you still play against people but no money is won or lost just to see how I do.Don't drink if you gamble, unless you like to lose cash.
Don't gamble more than you can afford to lose.
Other than that, try it for an hour one night and take it from there.
shadowninja said:
lenny007 said:
Like all gambling, go into it with your eyes open.
Don't drink if you gamble, unless you like to lose cash.
Don't gamble more than you can afford to lose.
Other than that, try it for an hour one night and take it from there.
Indeed. One's gambling, one's earning a living. It is possible to make a considerable amount of money consistently. Most will just lose money.Don't drink if you gamble, unless you like to lose cash.
Don't gamble more than you can afford to lose.
Other than that, try it for an hour one night and take it from there.
The only problem I found with poker is that, while my money management was good and I was slowly learning strategies for sussing out players, I found it so boring as a card game.
Remember though that most gamblers "big up" their winnings and very rarely mention their losses.
lenny007 said:
shadowninja said:
lenny007 said:
Like all gambling, go into it with your eyes open.
Don't drink if you gamble, unless you like to lose cash.
Don't gamble more than you can afford to lose.
Other than that, try it for an hour one night and take it from there.
Indeed. One's gambling, one's earning a living. It is possible to make a considerable amount of money consistently. Most will just lose money.Don't drink if you gamble, unless you like to lose cash.
Don't gamble more than you can afford to lose.
Other than that, try it for an hour one night and take it from there.
The only problem I found with poker is that, while my money management was good and I was slowly learning strategies for sussing out players, I found it so boring as a card game.
Remember though that most gamblers "big up" their winnings and very rarely mention their losses.
I have been playing for a few years generally small amounts
$30 once or twice a month and while i have had a few big cashouts
the biggest being $1000 on the whole i would say i am about even maybe slightly down.
be very careful though i was in a small $5 tournament at a time when i was doing really well (had $816 on a cash table)playing very careful with it as i had never been on a large stakes table before, then i saw A6 suited thinking it was the tournament table i went all in only to discover it was the cash table, somebody with AQ called and won i still recall the cold feeling in my stomach when i realised what i had done.
only play for fun (unless you turn out to be an expert) never ever credit money to a poker account that you cannot afford to walk away from
$30 once or twice a month and while i have had a few big cashouts
the biggest being $1000 on the whole i would say i am about even maybe slightly down.
be very careful though i was in a small $5 tournament at a time when i was doing really well (had $816 on a cash table)playing very careful with it as i had never been on a large stakes table before, then i saw A6 suited thinking it was the tournament table i went all in only to discover it was the cash table, somebody with AQ called and won i still recall the cold feeling in my stomach when i realised what i had done.
only play for fun (unless you turn out to be an expert) never ever credit money to a poker account that you cannot afford to walk away from
Here are a few tips if you're interested in making money playing poker online:
1. Never sign up at a poker site WITHOUT checking out a "rakeback" site first (eg http://www.raketherake.com , http://www.rakeback.com ). "Rake" is a small percentage of the pot (in cash games - typically about 5% of the pot) or the fee you pay in tournament games that goes to the poker site. Sign up to a poker site through a rakeback site and you'll get a certain percentage of that rake paid back to you which could easily add up to a few hundred dollars per month.
2. Don't deposit any money - yet. Just about every poker site will run "Freeroll" games which are free to enter but in which you can win small amounts of money. Play these exclusively for a few months to build up a small bankroll, then use that to play cash games and enter tournaments. If you can do that and don't burn through your bankroll then you're doing very well.
3. Learn about bankroll management. A good rule of thumb is always have a bankroll large enough to cover 300 big blinds on a cash game (So for a $1/$2 no limit OR limit game you'd need a minimum bankroll of $600) or 30 tournament buy-ins (so for a $10 tournament you'd need a minimum bankroll of $300). You WILL have long losing runs!
4. Make the most of sign up bonuses once you know you can play without losing money. For example, Full Tilt Poker will give you a 100% bonus on your initial deposit upto $600 subject to playing a certain number of hands in a certain timeframe.
5. Once you feel comfortable with the game, try playing more than one table at a time. 4 tables at once is not uncommon (Watch this: http://www.youtube.com/watch?v=ZQl0xgIP5D4 - upto 26 tables at once! This guy is a professional player who is sponsored by Pokerstars). Even if you are only a "break-even" player, if you combine multitabling with rakeback and sign up bonuses you can still earn a reasonable amount of money.
6. Read some poker books! Some good ones are "Winning Low Limit Hold'Em" by Lee Jones, "Small Stakes Hold'Em - Winning Big With Expert Play" by Ed Miller, David Sklansky and Mason Malmuth, "Texas Hold'Em Odds And Probabilities" by Matthew Hilger, plus any of the "Killer Poker" series.
7. NEVER bluff on low limit tables unless you've got a very good feel for how everyone else at your table plays - these games are normally so loose that someone will call anyway.
8. Poker Tracker (http://www.pokertracker.com) is VERY useful for analysing your play and seeing where you're losing money. Hold'em Indicator (http://www.holdemindicator.com) is VERY useful for being able to see at a glance whether your hand is likely to be profitable or not.
9. Remember to thank me if you ever win a WSOP tournament.
1. Never sign up at a poker site WITHOUT checking out a "rakeback" site first (eg http://www.raketherake.com , http://www.rakeback.com ). "Rake" is a small percentage of the pot (in cash games - typically about 5% of the pot) or the fee you pay in tournament games that goes to the poker site. Sign up to a poker site through a rakeback site and you'll get a certain percentage of that rake paid back to you which could easily add up to a few hundred dollars per month.
2. Don't deposit any money - yet. Just about every poker site will run "Freeroll" games which are free to enter but in which you can win small amounts of money. Play these exclusively for a few months to build up a small bankroll, then use that to play cash games and enter tournaments. If you can do that and don't burn through your bankroll then you're doing very well.
3. Learn about bankroll management. A good rule of thumb is always have a bankroll large enough to cover 300 big blinds on a cash game (So for a $1/$2 no limit OR limit game you'd need a minimum bankroll of $600) or 30 tournament buy-ins (so for a $10 tournament you'd need a minimum bankroll of $300). You WILL have long losing runs!
4. Make the most of sign up bonuses once you know you can play without losing money. For example, Full Tilt Poker will give you a 100% bonus on your initial deposit upto $600 subject to playing a certain number of hands in a certain timeframe.
5. Once you feel comfortable with the game, try playing more than one table at a time. 4 tables at once is not uncommon (Watch this: http://www.youtube.com/watch?v=ZQl0xgIP5D4 - upto 26 tables at once! This guy is a professional player who is sponsored by Pokerstars). Even if you are only a "break-even" player, if you combine multitabling with rakeback and sign up bonuses you can still earn a reasonable amount of money.
6. Read some poker books! Some good ones are "Winning Low Limit Hold'Em" by Lee Jones, "Small Stakes Hold'Em - Winning Big With Expert Play" by Ed Miller, David Sklansky and Mason Malmuth, "Texas Hold'Em Odds And Probabilities" by Matthew Hilger, plus any of the "Killer Poker" series.
7. NEVER bluff on low limit tables unless you've got a very good feel for how everyone else at your table plays - these games are normally so loose that someone will call anyway.
8. Poker Tracker (http://www.pokertracker.com) is VERY useful for analysing your play and seeing where you're losing money. Hold'em Indicator (http://www.holdemindicator.com) is VERY useful for being able to see at a glance whether your hand is likely to be profitable or not.
9. Remember to thank me if you ever win a WSOP tournament.
branflakes said:
Here are a few tips if you're interested in making money playing poker online:
1. Never sign up at a poker site WITHOUT checking out a "rakeback" site first (eg http://www.raketherake.com , http://www.rakeback.com ). "Rake" is a small percentage of the pot (in cash games - typically about 5% of the pot) or the fee you pay in tournament games that goes to the poker site. Sign up to a poker site through a rakeback site and you'll get a certain percentage of that rake paid back to you which could easily add up to a few hundred dollars per month.
2. Don't deposit any money - yet. Just about every poker site will run "Freeroll" games which are free to enter but in which you can win small amounts of money. Play these exclusively for a few months to build up a small bankroll, then use that to play cash games and enter tournaments. If you can do that and don't burn through your bankroll then you're doing very well.
3. Learn about bankroll management. A good rule of thumb is always have a bankroll large enough to cover 300 big blinds on a cash game (So for a $1/$2 no limit OR limit game you'd need a minimum bankroll of $600) or 30 tournament buy-ins (so for a $10 tournament you'd need a minimum bankroll of $300). You WILL have long losing runs!
4. Make the most of sign up bonuses once you know you can play without losing money. For example, Full Tilt Poker will give you a 100% bonus on your initial deposit upto $600 subject to playing a certain number of hands in a certain timeframe.
5. Once you feel comfortable with the game, try playing more than one table at a time. 4 tables at once is not uncommon (Watch this: http://www.youtube.com/watch?v=ZQl0xgIP5D4 - upto 26 tables at once! This guy is a professional player who is sponsored by Pokerstars). Even if you are only a "break-even" player, if you combine multitabling with rakeback and sign up bonuses you can still earn a reasonable amount of money.
6. Read some poker books! Some good ones are "Winning Low Limit Hold'Em" by Lee Jones, "Small Stakes Hold'Em - Winning Big With Expert Play" by Ed Miller, David Sklansky and Mason Malmuth, "Texas Hold'Em Odds And Probabilities" by Matthew Hilger, plus any of the "Killer Poker" series.
7. NEVER bluff on low limit tables unless you've got a very good feel for how everyone else at your table plays - these games are normally so loose that someone will call anyway.
8. Poker Tracker (http://www.pokertracker.com) is VERY useful for analysing your play and seeing where you're losing money. Hold'em Indicator (http://www.holdemindicator.com) is VERY useful for being able to see at a glance whether your hand is likely to be profitable or not.
9. Remember to thank me if you ever win a WSOP tournament.
Good advice.1. Never sign up at a poker site WITHOUT checking out a "rakeback" site first (eg http://www.raketherake.com , http://www.rakeback.com ). "Rake" is a small percentage of the pot (in cash games - typically about 5% of the pot) or the fee you pay in tournament games that goes to the poker site. Sign up to a poker site through a rakeback site and you'll get a certain percentage of that rake paid back to you which could easily add up to a few hundred dollars per month.
2. Don't deposit any money - yet. Just about every poker site will run "Freeroll" games which are free to enter but in which you can win small amounts of money. Play these exclusively for a few months to build up a small bankroll, then use that to play cash games and enter tournaments. If you can do that and don't burn through your bankroll then you're doing very well.
3. Learn about bankroll management. A good rule of thumb is always have a bankroll large enough to cover 300 big blinds on a cash game (So for a $1/$2 no limit OR limit game you'd need a minimum bankroll of $600) or 30 tournament buy-ins (so for a $10 tournament you'd need a minimum bankroll of $300). You WILL have long losing runs!
4. Make the most of sign up bonuses once you know you can play without losing money. For example, Full Tilt Poker will give you a 100% bonus on your initial deposit upto $600 subject to playing a certain number of hands in a certain timeframe.
5. Once you feel comfortable with the game, try playing more than one table at a time. 4 tables at once is not uncommon (Watch this: http://www.youtube.com/watch?v=ZQl0xgIP5D4 - upto 26 tables at once! This guy is a professional player who is sponsored by Pokerstars). Even if you are only a "break-even" player, if you combine multitabling with rakeback and sign up bonuses you can still earn a reasonable amount of money.
6. Read some poker books! Some good ones are "Winning Low Limit Hold'Em" by Lee Jones, "Small Stakes Hold'Em - Winning Big With Expert Play" by Ed Miller, David Sklansky and Mason Malmuth, "Texas Hold'Em Odds And Probabilities" by Matthew Hilger, plus any of the "Killer Poker" series.
7. NEVER bluff on low limit tables unless you've got a very good feel for how everyone else at your table plays - these games are normally so loose that someone will call anyway.
8. Poker Tracker (http://www.pokertracker.com) is VERY useful for analysing your play and seeing where you're losing money. Hold'em Indicator (http://www.holdemindicator.com) is VERY useful for being able to see at a glance whether your hand is likely to be profitable or not.
9. Remember to thank me if you ever win a WSOP tournament.
Also, choose your time to play. I found that playing at 02:00 on a Friday night/Sat morning was quite good as there are a lot of pissed players around at that time....
The most important rule is Don't bet what you can't afford to loose. Think of it as a night out and set a limit on how much to spend. You have to know when to call it a day.
branflakes said:
Here are a few tips if you're interested in making money playing poker online:
1. Never sign up at a poker site WITHOUT checking out a "rakeback" site first (eg http://www.raketherake.com , http://www.rakeback.com ). "Rake" is a small percentage of the pot (in cash games - typically about 5% of the pot) or the fee you pay in tournament games that goes to the poker site. Sign up to a poker site through a rakeback site and you'll get a certain percentage of that rake paid back to you which could easily add up to a few hundred dollars per month.
3. Learn about bankroll management. A good rule of thumb is always have a bankroll large enough to cover 300 big blinds on a cash game (So for a $1/$2 no limit OR limit game you'd need a minimum bankroll of $600) or 30 tournament buy-ins (so for a $10 tournament you'd need a minimum bankroll of $300). You WILL have long losing runs!
4. Make the most of sign up bonuses once you know you can play without losing money. For example, Full Tilt Poker will give you a 100% bonus on your initial deposit upto $600 subject to playing a certain number of hands in a certain timeframe.
I'm glad you mentioned about rakeback - I was going to mention it because I wish someone would have told me about it when I first started. If I had rakeback it'd probably go into hundreds if not thousands by now.1. Never sign up at a poker site WITHOUT checking out a "rakeback" site first (eg http://www.raketherake.com , http://www.rakeback.com ). "Rake" is a small percentage of the pot (in cash games - typically about 5% of the pot) or the fee you pay in tournament games that goes to the poker site. Sign up to a poker site through a rakeback site and you'll get a certain percentage of that rake paid back to you which could easily add up to a few hundred dollars per month.
3. Learn about bankroll management. A good rule of thumb is always have a bankroll large enough to cover 300 big blinds on a cash game (So for a $1/$2 no limit OR limit game you'd need a minimum bankroll of $600) or 30 tournament buy-ins (so for a $10 tournament you'd need a minimum bankroll of $300). You WILL have long losing runs!
4. Make the most of sign up bonuses once you know you can play without losing money. For example, Full Tilt Poker will give you a 100% bonus on your initial deposit upto $600 subject to playing a certain number of hands in a certain timeframe.
You made a mistake about point #3? $1/2 no limit game and a roll of $600?!? That's like 3 full buy-ins. I thought the rule of thumb is closer to 20 buy-ins if you're being aggressive and 30 for a very conservative approach. So for $1/2 game make that about a $4000 roll minimum. Also make yourself a stop-loss strategy so if you lose x number of buy-ins in a session you stop and don't tilt the rest away.
The bonus is done on FTP points, and the bonus is released in $10 increments. I'd recommend depositing the full $600 even if you're not going to risk it all as you can increase your potential bonus winnings. Also, even if you're playing the lowest stakes games - if you play a few tables you'll clock up the points much quicker.
Poker can be pretty easy money - but there's thousands of guys just like you who hear about some big money in the game and get sucked into it and lose their money very quickly with no experience or interest in the game. So take some time to learn about the game, mess around on free games, play freerolls (even though they're very tough to cash in) and watch and just learn some of the basic maths behind the game before you commit money to it.
By the way: How much was the entry fee for that tournament where he won $12,500? tbh, $12,500 isn't very much for winning a big tournament online. I've seen tournaments around where the prize is $500k+ but it all comes down to the cost of the entry fee.
ps. Pokerstars sucks - avoid.
Edited by g4ry13 on Sunday 24th August 11:00
g4ry13 said:
branflakes said:
Here are a few tips if you're interested in making money playing poker online:
1. Never sign up at a poker site WITHOUT checking out a "rakeback" site first (eg http://www.raketherake.com , http://www.rakeback.com ). "Rake" is a small percentage of the pot (in cash games - typically about 5% of the pot) or the fee you pay in tournament games that goes to the poker site. Sign up to a poker site through a rakeback site and you'll get a certain percentage of that rake paid back to you which could easily add up to a few hundred dollars per month.
3. Learn about bankroll management. A good rule of thumb is always have a bankroll large enough to cover 300 big blinds on a cash game (So for a $1/$2 no limit OR limit game you'd need a minimum bankroll of $600) or 30 tournament buy-ins (so for a $10 tournament you'd need a minimum bankroll of $300). You WILL have long losing runs!
4. Make the most of sign up bonuses once you know you can play without losing money. For example, Full Tilt Poker will give you a 100% bonus on your initial deposit upto $600 subject to playing a certain number of hands in a certain timeframe.
I'm glad you mentioned about rakeback - I was going to mention it because I wish someone would have told me about it when I first started. If I had rakeback it'd probably go into hundreds if not thousands by now.1. Never sign up at a poker site WITHOUT checking out a "rakeback" site first (eg http://www.raketherake.com , http://www.rakeback.com ). "Rake" is a small percentage of the pot (in cash games - typically about 5% of the pot) or the fee you pay in tournament games that goes to the poker site. Sign up to a poker site through a rakeback site and you'll get a certain percentage of that rake paid back to you which could easily add up to a few hundred dollars per month.
3. Learn about bankroll management. A good rule of thumb is always have a bankroll large enough to cover 300 big blinds on a cash game (So for a $1/$2 no limit OR limit game you'd need a minimum bankroll of $600) or 30 tournament buy-ins (so for a $10 tournament you'd need a minimum bankroll of $300). You WILL have long losing runs!
4. Make the most of sign up bonuses once you know you can play without losing money. For example, Full Tilt Poker will give you a 100% bonus on your initial deposit upto $600 subject to playing a certain number of hands in a certain timeframe.
You made a mistake a point #3? $1/2 no limit game and a roll of $600?!? That's like 3 full buy-ins. I thought the rule of thumb is closer to 20 buy-ins if you're being aggressive and 30 for a very conservative approach. So for $1/2 game make that about a $4000 roll minimum. Also make yourself a stop-loss strategy so if you lose x number of buy-ins in a session you stop and don't tilt the rest away.
Having said that personally I prefer playing with a minimum of 600x the BB in ring games...
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