If you love playing poker, you’ve probably wondered if it’s possible to make money online and make a living from it. After all, there are plenty of poker professionals who do it.
There are frequent reports of talented players becoming millionaires in just a few months. Online poker rooms are often the springboard for such careers. After all, there are qualifying tournaments that allow entry into a real live event. With them, talented players make the leap into professional activity and can not only earn money with online poker, but also lead to major tournaments of the well-known poker tournament series.
Make money with online poker – the most important facts at a glance
Only a few players can make a living from online poker
Winnings must be taxed with poker as a main trade
A poker player must meet certain requirements to be successful in the long run.
Poker income is very irregular
Is it possible to win money playing poker?
There are over 10,000 poker players worldwide who make money playing poker, both online and in real tournaments. Players come from a wide variety of countries around the world. A distinction must be made between real tournament players and those who only play online cash games. While tournament players sometimes rake in huge annual profits, the income for those who make money online playing poker in 2019 is between €20,000 and €80,000 per year.
Both options have their individual advantages and disadvantages. For example, those looking to make money online with Party Poker can earn a decent hourly wage in fixed blind cash games through the multitabling that this poker room offers. This shows little deviation. Tournament players, on the other hand, always have to wait until a big tournament takes place to start winning. As a result, there are long periods in between when there are no tournaments and therefore the player has no income.
For example, it may take several weeks before income is generated again. On the other hand, tournament players have it easier and do not have to play poker for money all year round to earn a living. Because here it is enough to be successful in about 20 different large online tournaments to generate a stable net income.
In short, this means that a tournament player can make money faster, but they also take on a fairly high risk. Players who only play online cash games, on the other hand, have a steady income and less risk.