Very often I get asked how much money a player can make playing online poker. It depends on the type of poker game and the limits he is used to play. With a proper bankroll management, sticking to some simple rules and studying the game and the opponents he is expected to make from 1000$ to 150,000$ or more per month. Read on to find out how to apply a correct money management and how to build your bankroll by moving up limits in online poker.
The article is based on No Limit Texas Holdem Poker and more specifically for 6-seated tables.
A winning poker player is expected to make between 1 to 5 Big Bets per 100 hands. A big bet is double the Big Blind. For example, if the player plays at 50NL (0.25/0.5), the Big Bet is 1$, so he is expected to win 1-5$ per 100 hands. If he plays 6-max tables, he will usually play about 80-100 hands per hour average. If additionally he is capable of playing up to 8 tables simultaneously, the he would most probably play about 700 hands per hour, meaning about 7-35$/hour. By completing 5 hours of play per day, it means he would have played 3500 hands per day or around 100,000 hands per month, making 1000-5000$ per month at 50$ NL poker.
Upon starting out he should apply proper money management so that his bankroll can sustain big drawdown. A good rule of thumb is to always have 60 buy-ins of the limit you are playing. For example if playing at 100$ NL tables, you should have 6000$ minimum bankroll. In order to move up to 200$ NL tables, you should make 6000$ more. By having 12000$, your bankroll will be ready to allow you to move up limit.
We should not forget the rakeback availability. Many poker sites offer rakeback which means returning some of the commission back to the player. This rakeback is often about 30% of the commission the player has paid. On the other hand some poker sites like Pokerstars.com give out loyalty points to their customers which can be redeemed to money, instead of offering rakeback to the players. If you reach Supernova level in Pokerstars, you are expected to make about 30-35% of the commission back. Each point you earn by playing is worth 0.016$ (at the currently available cash bonuses rate).
So, let's say a poker player starts off from 100NL poker tables with 6000$. Here's a table showing how much money he is expected to make per month playing 100,000 hands (about 5 hours on a daily basis):
Limit
Rakeback
Min$/Month
Max$/Month
Total Min$/Month
Total Max$/Month
$ to move up
100NL
1500
2000
10000
3500
11500
6000
200NL
2200
4000
20000
6200
22200
12000
400NL
2600
8000
40000
10600
42600
12000
600NL
4000
12000
60000
16000
64000
24000
1000NL
4700
20000
100000
24700
104700
Moving up from 100NL to 200NL may take two weeks or even 2 months. Moving up from 200NL to 400NL needs about the same time, while moving up to 600NL from 400NL may take one week to 1 month. And moving from 600NL to 1000NL may take 10 days to 40 days, depending on the actual winrate. So, in conclusion a winning poker player starting with 6,000$ may need 7 weeks up to 7 months to move up from 100NL to 1000NL, given that he plays 100,000 hands per month.
7 July Update: Due to the recent comments this article received, I feel obliged to post a couple of screenshots which show that online poker can be profitable and the winrates I am discussing above are possible.
Comments (3)
1
Friday, 26 June 2009 21:31
stephanos
Jimmakos,
are you really that confident that you can make that much money in poker. I mean just drill the game down to the basics: poker is a zero sum game. for you to make $10 000 a month someones else has to loose that kind of money. if you reach the higher stakes in a poker game you have professional grinders and making money out of them is very very difficult. You certainly see the townsends an galfonds of this game who make millions of dollars a year what you dont see is the millions of poker players who lose consistently. if i would put a tag i would say in consistency with th epareto principle only 20% of people make money playing poker, all the other are persistent loosers.
2
Saturday, 27 June 2009 23:51
giorgos
stephanos you can find here the truth for every one http://www.pokertableratings.com/
But you will see that is better to develop your game than judge the online poker and your bad luck
3
Tuesday, 07 July 2009 02:54
stephanos
giorgos,
i am not judging anyone and i am aware where i can find individual player statistics. i am just stating a definition of winnings in online poker, that your winnings are someone else's losses and that online poker is not a growing pie where everyone that plays makes millions of dollars and everybody is happy, but rather that for every Phil Galfond who wins $7 millions year there are 100,000s of other players who are consistenly losing money.
you can study the game as much as you want, if there are better players out there, you willl loose money. the only operator who always wins is the site operator (betfair, fultilpoker etc.)
games have become a lot tougher over the past 2 years and the win rates jimmakos shows are clearly unrealistic. the golden age of 3-4 years ago has passed by and the loosers are broke nowadays with grinders playing regularly. there are very few people who are consistent winners even at $1/2 nowadays.
My name is Jimmakos and I am a professional gambler since 2003. I played at the casinos' blackjack tables for a year and during the following 2.5 years I have been a Betfair trader trading the odds in the UK Horse Racing markets. Nowadays I'm playing online poker. Apart from online gambling, I also write about online poker and trading for the Betfair's Greek Blog and own various websites.
are you really that confident that you can make that much money in poker. I mean just drill the game down to the basics: poker is a zero sum game. for you to make $10 000 a month someones else has to loose that kind of money. if you reach the higher stakes in a poker game you have professional grinders and making money out of them is very very difficult. You certainly see the townsends an galfonds of this game who make millions of dollars a year what you dont see is the millions of poker players who lose consistently. if i would put a tag i would say in consistency with th epareto principle only 20% of people make money playing poker, all the other are persistent loosers.
But you will see that is better to develop your game than judge the online poker and your bad luck
i am not judging anyone and i am aware where i can find individual player statistics. i am just stating a definition of winnings in online poker, that your winnings are someone else's losses and that online poker is not a growing pie where everyone that plays makes millions of dollars and everybody is happy, but rather that for every Phil Galfond who wins $7 millions year there are 100,000s of other players who are consistenly losing money.
you can study the game as much as you want, if there are better players out there, you willl loose money. the only operator who always wins is the site operator (betfair, fultilpoker etc.)
games have become a lot tougher over the past 2 years and the win rates jimmakos shows are clearly unrealistic. the golden age of 3-4 years ago has passed by and the loosers are broke nowadays with grinders playing regularly. there are very few people who are consistent winners even at $1/2 nowadays.
kind regards,
stephanos