You’ve already heard about how hard it is to earn by playing poker so many times already. However, it’s another thing to actually swallow and accept the harsh reality of what it takes to make money from poker.
These facts aren’t meant to discourage you from playing but provide the truth about what it takes to make it a side hustle. Here are a few of them:
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You’ll Be Losing Money at First
Making money through poker is not easy, and it takes a lot of hard work to make enough to survive. To succeed, poker players who want to make a living from the game must face many challenges. These could include dealing with tilt, having trouble employing good bankroll management, and not having a good table selection.
Unfortunately, that means losing money at first. The learning process will cost you a few bucks, but becoming a winning player is necessary. However, if you persevere and take the steps needed to develop your poker skills and knowledge, you could eventually break even. In time, once you become good enough, you make a consistent profit.
You’ll Stay in Low-Stakes Games Longer Than You Initially Want To
For many players, the ambition is to increase stakes as soon as possible. But it’s crucial to establish a solid foundation before moving up. That means being stuck in low-stakes games for months or even years before you get to where you want to be.
However, playing these games is necessary for a successful poker career. Even experienced players come back to the low stakes when they experience downswings. It’s a great way to rebuild your bankroll and get back on track without too much risk.
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Table Selection is Just as Crucial as Poker Strategy
Even if you have a great poker strategy, playing at tables that are too tough for you won’t make you money. Instead, it would help if you found games that suit your skill level.
Some would even say you should maximize your winnings by taking advantage of weaker opponents, AKA fish. However, others would argue not to play with them all the time.
Aside from the fact that your poker skills will stagnate, it can also be challenging to make large amounts of money from these kinds of tables. They tend to leave the poker table when out of chips, so you can only make a limited amount from them.
Fish are also prone to wild swings, and predicting how long their luck will stay with them can be tricky. So if you play with fish too often, you risk losing profits by one big bad beat.
There is no consensus on whether it’s better to play with fish or sharks is better. But regardless of what you choose, you must be willing to accept the risks that come with it. Also, always aim to improve or maintain your skills. You’ll do well with whichever of the two you play with.
Dealing With Variance is Part of the Job
Poker is also a very volatile game, which means there will be times when things don’t go according to plan. It could be that you make bad plays, your opponents get lucky and suck out on you, or the cards don’t run in your favor.
Whatever the case, accepting variance and moving forward without letting it affect your game is essential. While there will be times when losing is unavoidable, it’s important to stay focused and put in the necessary effort to get better. That way, you’ll be able to make a living from poker despite the inevitable swings.
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Gains From No-Limit Games Can Be Easy-Come-Easy-Go
When it comes to no-limit games, the gains can be substantial. However, these profits can quickly disappear if you’re not careful with your bankroll management. When playing no-limit games, you must set limits and stay disciplined when things don’t go your way.
It’s also important to be aware of the table dynamics. Are there too many aggressive players? Do you need to adjust your style of play? These are all critical questions whose answers will help you decide better in these games and, hopefully, take home the win.
Always Weigh Risk vs. Reward
Once you have developed a strategy that works for your poker game, you must understand the risks and rewards associated with each decision. Every poker hand provides different opportunities for profit or loss, so players must consider their options carefully before taking action.
Learning to manage risk and calculate expected value can help you make more profitable decisions in the long run. It can be tiring at first to keep these things in mind, but once it’s become a regular part of your play, it will be second nature.
It’s Not Always About Winning Pots
Finally, remember that playing poker hands isn’t just about making money. It’s an enjoyable way to pass the time, and the experience can still be rewarding even if you have yet to make a profit. The same is true if you have not decided whether playing for money is for you.
So while staying focused on becoming a winning player is great, remember that having fun and enjoying the process is also essential. After all, poker is a game, and games should bring a sense of joy. Enjoy your time at the tables, regardless of whether you’re playing to earn or just for the love of the game.
Red Pills Before Dollar Bills
Making money from poker is an uphill but achievable goal. You must be prepared to take risks, learn new skills and deal with variance to succeed. It won’t be easy initially, but you can make it happen if you put in the time and effort while enjoying the game. Good luck!