Making a real-money deposit at a top poker site is easy: choose a card or e-wallet, head to the Cashier, and make your deposit. There's normally a large range of banking options, and the limits can be big. If you want to start learning strategies and eventually make money gambling, that is a great place to start. If you really get into it you will probably end up with accounts at all the online poker sites, so you can make the most of the welcome bonuses. But if you are looking for a good place to start I recommend Betfair Poker.
- How Do Online Poker Sites Make Money
- How Do Online Poker Sites Make Money Online
- How Do Online Poker Sites Make Money Together
- How Do Online Poker Sites Make Money Fast
- How Do Online Poker Sites Make Money Now
How Do Online Poker Sites Make Money?
Consulting firms like Christiansen Capital Advisors, DrlKW and Global Betting and Gaming Consultants report about the tremendous growth of online poker games; from $82.7 revenue in 2001, online poker games had grown into a $2.4 billion in 2005. One has to use one's imagination just to estimate how the industry of online poker has grown since then. For online poker players and those who are having the itch to get a sit in those virtual poker tables, the main question is how do online poker sites make money.
The answer to this question can be stated in three simple methods:
The Rake
A poker room usually takes a percentage of the pot in every hand played. This is called the rake. The rake is determined by the poker site and usually pegged at 5%. If say the pot is $1 and the rake percentage is set at 5%, 5 cent goes to the table while 95 cent goes to the player. The hands played on online poker sites can run from 55 up to 77 hands dealt in an hour. So imagine the amount of money a poker site can generate in just so short a time. The rake has a maximum cap though. Say for the game of $30/$60 limit, the cap for the rake can be $3. But there are high betting poker games, and based from experience there have been pots going up to 250 grand. And think of the percentage the site has just earned from that. Moreover, we are just talking of one table here. With online poker sites having the capability to add more virtual tables, these ‘rake' can be multiplied by this number.
Fees for Tournament Games
The second method where online sites can get quick money is through tournament fees. This can be described by the simple equation $10+$1 (depending on the arrangement). Ten dollars will go to the pot money while the $1 will go to the site. If these tournaments are successful and have attracted a good number of poker players (which usually happens) then the income going to the poker site is certainly huge.
Investing Players' Money
How Do Online Poker Sites Make Money
Poker sites are no different from any institutions that hold money. These sites have the freedom to invest in any form the money deposited by their clients/poker players. These investments though have been under regulation in some jurisdictions to protect poker players' money. But considering the fact that poker sites have no obligation to give interest generated from these investments, even low-risk investment venture can get income coming in for poker sites.
How Do Online Poker Sites Make Money Online
Whether you play low stakes cash games or tournaments there is a ton of opportunity to make serious money. Even the average lower limit players can make $30,000 per year without much trouble. The time and effort you put in will determine how far your poker bankroll will grow. The more effort you put in the more you get out of it. On average for cash game players at 50nl-1,000nl, you can see steady amounts piling in per month both from rakeback as well as from profit.
Most low to middle limit cash game players will make about $1,000 per month just in rakeback. That is around $12,000 per year extra that you get just for playing poker. Live poker players don't see this extra money each month and it is a reason why online poker is much better than live poker. The opportunity for growth is better and you can simply make more money online than you can live. Even if you have a lower win rate playing cash games, $30,000 per year is very feasible and you should often times exceed that by a nice margin. Here is where you also come up with your strategy for beating bad poker players.
Low to Middle Stakes Tournament Players
Most low to middle stakes tournament players will put in 50 hours or more per week and some weeks not show profit at all. The reason for that is because of the natural amount of variance in poker tournaments. You could easily go 100 tournaments without a big score or more. Tournament players often make their money from big tournament wins. Even if there are only 15-20 big tournament wins per year that could easily exceed $100,000 or more. Tournaments are very hard and take a lot more patience than cash games. Playing low and middle stakes tournaments will turn out to be a good thing in the end. You can crush these games because this is where tons of fish are in the online game. The lower buy-ins attracts bad players, and you can capitalize on this by learning how to progress through tournaments and beat the weak online poker players.
Low to Middle Stakes Sit and Go Players
The sit and go players are overlooked online, but they are there. Heads up sit and goes are one of if not the most profitable game online today. The whole key to learning heads up sit and goes is practice. You have to know the correct play and since you are playing almost every hand, you have to know when to give up and when to push forward. Heads up matches are often won or lost by losing a coin flip, but up to that point you should have been able to build a chip lead, so it isn't really what it seems. These matches can be grueling if you don't find the fish.
How Do Online Poker Sites Make Money Together
Where to Start
To make money you should start off as low as the $10 level. Once you have had success there you can move up to the $20, then $33 and so on. These games will take you up as high as you let them. The range for what you can make per year will depend on how much mental stability you have as well as how well you can manage a bankroll. Some players will make $10,000 per year and some will make close to $200,000 per year. It depends on how much work you want to put in.
High Stakes Players
How Do Online Poker Sites Make Money Fast
The high stakes players have no cap on what they can make per year because when sitting in the right game you can make a ton of money in a short period of time. When sitting in the wrong games you can lose a ton of money in a short period of time. Most high stakes cash game players can easily win with a definite level of consistency over a million dollars each year. The high stakes tournament players should also walk away with close to a million. For tournament players it more so depends on if they win the one big tournament or two for the year. You can lose a lot in tournaments over time if you don't run well. High stakes sit and go players will win hundreds of thousands more or less over time with ease.
How Do Online Poker Sites Make Money Now
Poker sites are no different from any institutions that hold money. These sites have the freedom to invest in any form the money deposited by their clients/poker players. These investments though have been under regulation in some jurisdictions to protect poker players' money. But considering the fact that poker sites have no obligation to give interest generated from these investments, even low-risk investment venture can get income coming in for poker sites.
How Do Online Poker Sites Make Money Online
Whether you play low stakes cash games or tournaments there is a ton of opportunity to make serious money. Even the average lower limit players can make $30,000 per year without much trouble. The time and effort you put in will determine how far your poker bankroll will grow. The more effort you put in the more you get out of it. On average for cash game players at 50nl-1,000nl, you can see steady amounts piling in per month both from rakeback as well as from profit.
Most low to middle limit cash game players will make about $1,000 per month just in rakeback. That is around $12,000 per year extra that you get just for playing poker. Live poker players don't see this extra money each month and it is a reason why online poker is much better than live poker. The opportunity for growth is better and you can simply make more money online than you can live. Even if you have a lower win rate playing cash games, $30,000 per year is very feasible and you should often times exceed that by a nice margin. Here is where you also come up with your strategy for beating bad poker players.
Low to Middle Stakes Tournament Players
Most low to middle stakes tournament players will put in 50 hours or more per week and some weeks not show profit at all. The reason for that is because of the natural amount of variance in poker tournaments. You could easily go 100 tournaments without a big score or more. Tournament players often make their money from big tournament wins. Even if there are only 15-20 big tournament wins per year that could easily exceed $100,000 or more. Tournaments are very hard and take a lot more patience than cash games. Playing low and middle stakes tournaments will turn out to be a good thing in the end. You can crush these games because this is where tons of fish are in the online game. The lower buy-ins attracts bad players, and you can capitalize on this by learning how to progress through tournaments and beat the weak online poker players.
Low to Middle Stakes Sit and Go Players
The sit and go players are overlooked online, but they are there. Heads up sit and goes are one of if not the most profitable game online today. The whole key to learning heads up sit and goes is practice. You have to know the correct play and since you are playing almost every hand, you have to know when to give up and when to push forward. Heads up matches are often won or lost by losing a coin flip, but up to that point you should have been able to build a chip lead, so it isn't really what it seems. These matches can be grueling if you don't find the fish.
How Do Online Poker Sites Make Money Together
Where to Start
To make money you should start off as low as the $10 level. Once you have had success there you can move up to the $20, then $33 and so on. These games will take you up as high as you let them. The range for what you can make per year will depend on how much mental stability you have as well as how well you can manage a bankroll. Some players will make $10,000 per year and some will make close to $200,000 per year. It depends on how much work you want to put in.
High Stakes Players
How Do Online Poker Sites Make Money Fast
The high stakes players have no cap on what they can make per year because when sitting in the right game you can make a ton of money in a short period of time. When sitting in the wrong games you can lose a ton of money in a short period of time. Most high stakes cash game players can easily win with a definite level of consistency over a million dollars each year. The high stakes tournament players should also walk away with close to a million. For tournament players it more so depends on if they win the one big tournament or two for the year. You can lose a lot in tournaments over time if you don't run well. High stakes sit and go players will win hundreds of thousands more or less over time with ease.
How Do Online Poker Sites Make Money Now
The reason these players have success is because when a player wins a big tournament (like the World Series of Poker), they will always jump into try and beat high limit players. This will always be the case and the natural reason why sit and go players and cash players make more than tournament players. Also, they have more of an edge than tournament players do to make consistent money over time.
