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How much do you make playing poker? Reality vs expectation

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  • How much do you make playing poker? Reality vs expectation

    I have been playing now for almost 2 years. I was deluding myself thinking that I'm making about $15-20/hr because I was breaking even after paying $10/hr hourly rate and dealer tips and membership fees amongst other things. I was actually almost at $35/hr mark a couple months ago after winning two decent tournaments. But recent bad run coupled with bad play has totally dragged me down into the red. So what exactly has been your experience? Do you actually make money playing poker? How realistic is it?

  • #2
    I wonder if it's just a dream being sold. They have numbers on the internet for popular players that say how they have won millions, but no one knows how much they have lost, how many buy ins they have used, how many tournaments they have played without cashing out. Not to mention taxes.

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    • #3
      Absolutely more luck than skill where result is concerned, more luck not no skill but more luck. And EVERYONE thinks he knows how to play. even more disturbing is how people maintain they made right play after they lost. Where does the buck stop? Will they ever know if they win or lose, good or bad?
      Last edited by broke&livin; 09-21-2021, 12:10 AM.

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      • #4
        Actually you can never really know what any player has won or lost in poker except fot himself.There are many tracking sites like sharkscope for mtts and some others for cash but they only give a very small picture of a player.A poker player might play online,in casino,in live mtts and in home games.So a poker player must be an accountant for himself.And no it is not a dream being sold.Playing good poker can make you earn good money and playing higher stakes and very good poker can make you rich if you have a good financial plan.From personal experience i can tell you about a good friend of mine in Greece,his name is Alex Kolonias and he started from 2011 to play as pro from low stakes and now he is a high stakes pro at mtts.His secret is simple,very very hard work and studying poker in depth

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        • #5
          Originally posted by GusP View Post
          His secret is simple,very very hard work and studying poker in depth
          Poker is not a get rich quick scheme.

          It's said to be "the hardest way to make an easy living" - can't remember who said that though, sorry.

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          • Dilly
            Dilly commented
            Editing a comment
            Texas Dolly

        • #6
          It really depends what your game is and how you're playing it. The first question I have is how many tournaments have you played? MTTs are very high variance, two years means something veryyy different if it's 1,600 games v 6,000 games. Play with this calculator, helpful to understand the variance in your game - https://www.primedope.com/tournament...ce-calculator/

          I think most people's expectation out pace reality, but that has more to do with process than result. I think there are very few people who are genuinely doing the work and not succeeding, but a ton of people who think they're doing the work but really aren't. If you spend one hour a day, every day for a year, doing good study work (another issue, most people's study efficiency is abysmal,) you will get good.

          If you do the above and don't have extreme mindset issues you should be able to beat live 1/2 for $20/hr after rake (before travel rake,) or online MTTs up to $50 buyins (depending on your site, toughness of these games varies pretty substantially,) for 15%-30% ROI. The question is can you do the work every day to get good, can you keep doing the work to stay on top of your game and progressing, and can you put in the volume to handle the variance? Especially MTTs, if you want any sort of consistency you need to be playing thousands of MTTs per year, the benefit of MTTS is you sacrifice consistency for softer player pools.

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          • broke&livin
            broke&livin commented
            Editing a comment
            you changed the subject to getting good. you can get better and better and lose. getting good is opinion. people already think they are good.

        • #7
          First, make it a real part-time job. If you're making more money from your poker job than your "actual" work after a year or two, consider becoming pro. Never quit a decent career to make a living playing poker.
          Last edited by LondonImp; 09-29-2021, 04:26 AM. Reason: Advertising

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          • #8
            If you study a lot (tactical and mental) you become better and will beat the microstakes. I turn 50 into 1750 within two years playing only 2nl and 5nl (started on 10nl) . Getting rich takes a long time. Sad news: party poker shuts down for Dutch players and have no idea how long I cannot play. Hope I am strong enough to keep on studying the game

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            • broke&livin
              broke&livin commented
              Editing a comment
              that's the extent of self deception, not just you. maybe no one sees it as what it is. $1700 a year is $5/day
              Last edited by broke&livin; 10-01-2021, 09:59 AM.

            • MOUSE85
              MOUSE85 commented
              Editing a comment
              #8.1
              broke&livin commented
              10-01-2021, 08:57 AM
              that's the extent of self deception, not just you. maybe no one sees it as what it is. $1700 a year is $5/day https://www.usnews.com/news/economy/...0basic%20needs.

            • broke&livin
              broke&livin commented
              Editing a comment
              you believe anything if you believe that. if there were a place, they probably buy weekly supply grocery with $5, and all organic!
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