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Most Poker Players Go Broke

Be honest, how many of you reading this article have wanted to be an online poker pro at some point since discovering such a thing was possible? I know I have — and on more than one occasion.

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While all three broke Full Tilt’s T&C, no serious repercussions have ever caught up with any of them and none of the money they won through unethical means has been returned. Russ Hamilton It doesn’t come as much of a surprise that one of the poker community’s most despised players had been associated with the UB superuser scandal. In fact, Russ Hamilton was the superuser who roamed freely on UB from 2003 until 2007.
Mar 17, 2017 Many players seek a backer in order to have play with bankroll that's not affected by living expenses. This may sound like a good idea, but I think in most cases it is not. I suspect there are many more broke backed players in the poker world than there are broke players who are on their own. Here are the main issues with having a backer.

Being able to play poker for a living seems like the perfect job — for someone who loves poker at least. But it’s harder than you would like to believe. How to be an online poker pro? We have six quick poker tips for you to set you on your way to your dream job.

There are varying reasons for why most well-known pro players are broke. Here is a list of the most common reasons for a busted bankroll; almost every broke player fits on this list somewhere, and most of them have fallen victim to most of the reasons on this list for a depleted bankroll. Sports Betting. Even most mediocre cash game regs are probably better than me at poker. Yet, most of them aren't able to translate that poker expertise to success in tournaments. The main reason why, however, has nothing to with understanding push/fold ranges, ICM, or other tourney-specific concepts, but rather a lack of understanding of human psychology.

How to become a professional online poker player in one easy step would be to quit your job and use poker as your sole source of income. While this instantly makes you a poker pro, it is not advised, not even a tiny amount, for reasons that we’ll cover shortly.

1. Study all aspects of the game

Studying the game of poker is crucial if you want to learn how to succeed as a professional online poker player. When you think you have learned all there is to learn about poker, you need to study and research even more. In fact, you should never stop learning because standing still in this game means you’re going to be left behind.

Read articles on PokerNews, check out the 10 most important poker strategy books ever written, join a training site, or hire a coach. Any edge you can create for yourself will eventually lead to profits.

You can also practice playing no limit hold'em and pot limit Omaha cash games and tournaments for free at WSOP Social Poker. The games are completely free to play, meaning you can play poker for fun, try new things and never risk any of your bankroll.

2. Prove you’re a winning player

Remember how we said that handing in your notice and jumping straight into being a professional poker player isn’t a good idea? This is one of the main reasons why: you need to prove to yourself you know how to be a profitable online poker player first.

Many people bag a big score in a tournament, or win the equivalent of two months’ wages at the cash tables and start thinking that this game is an easy way to make a living. Wrong!

You need tens of thousands of cash game hands and tournaments (if not hundreds of thousands) to prove you’re a winning player. If you’re not a winning poker player over the long term, you’ll soon be heading back to your old boss cap-in-hand hoping to be reemployed.

Is This Your First Step To Becoming a Poker Pro?

They say practise makes perfect and what better way to improve your online poker skills than by doing so without any risk at all to your poker bankroll? This is possible at WSOP Social Poker because it is a free-to-play online poker site that has cash games and tournaments running around the clock.

Try out new strategies completely free at WSOP Social Poker and set yourself on the way to becoming a professional poker player.

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3. Be realistic

Once you’ve ascertained that you’re a winning poker player, it’s time to begin trying to figure out how many hands or tournament you’ll need to play in order at least to match your previous salary. Here’s where many people fail.

When you have a salaried job, you are usually paid on the same date every month regardless of how productive your week or month is (within reason). You’re almost certainly paid while on vacation, or if you’re sick.

Are you really going to sit grinding for 60 hours every week?

The fact you have to go to work five days per week is probably enough to make you get out of bed and go to your job. But what if none of that was true?

You may have aspirations of making $150,000 a year

, and that may be possible. But make sure you factor in at least three full weeks “holiday.” You should also plan for being sick and unable to play for a couple of weeks per year. Also, ask yourself — are you really going to sit grinding for 60 hours every week? Do you think you can make enough money at $0.25/$0.50 to warrant giving up your job?

How many online poker pros are there who wake up at 12:00 p.m., play online poker for two hours, and then swan off enjoying life to the max. The answer is not many, and those who do generally don’t succeed as professional online poker players for any meaningful length of time.

4. Give playing poker professionally a trial run

Even if you have done all of the above, you should at least give playing for a living a trial run, so you have experience of how to play online poker professionally.

Take a week’s holiday from your job and spend the next five working days doing nothing but playing poker (at least you’ll be getting paid even if you have a bad week!). You may surprise yourself at how difficult it is to motivate yourself to play poker non-stop for a week. Or how after four hours grinding you suddenly lose all concentration. Or how after losing 15 buy-ins during the first three days you no longer want to get out of bed at 7:00 a.m.

It’s best

Most Poker Pros Are Broke