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Poker for Fun vs. Profit vs. Income - YouTube

https://www.youtube.com/watch?v=BREl9FLGXIo
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How To Make Regular Profits Playing Poker - Upswing Poker

https://upswingpoker.com/revealed-the-proven-ways-to-make-regular-profits-playing-poker/
It can be tempting to play against better players-and that can be a learning opportunity, too-but at the end of the day you're playing to make money, and your profits come from weaker players. 4. Adjustment to your opponents. The best players are able to adjustment according to how their opponents are playing.

Hard Truths About Being a Poker Professional & Where to Play

https://www.pokerlistings.com/strategy/hard-realities-about-playing-poker-professionally-part-1
The poker landscape changes constantly and games that used to be easy money don't remain so. For instance, in 2007-2008 I was 20-tabling full ring 1/2 NLHE online and could average $15,000 a month of profit. My poker skill and knowledge was relatively low by today's standards.

What Percent of Poker Players Make Money? Really Profitable?

https://pokernetworth.com/what-percent-of-poker-players-make-money/
Around 5-10% make sizable profits after the rake, while up to 30% can say they are somewhat profitable. The rest are either struggling to get a hold of the psychological side of the game or are constant losers by default. Multiple reasons affect this low percentage of sizable poker winners. Things like long-term dedication, overcoming rakes

Playing Poker for a Living in 2024 - Is It Still Worth It?

https://www.mypokercoaching.com/playing-poker-for-a-living/
However, it also has plenty of advantages letting you have more freedom, play several games at the same time, and progress as a player much faster. Live poker, on the other hand, is way softer. You'll still encounter many recreational players at $1/$2 and $2/$5, and even the regulars tend not to be very good. So, in terms of skill, beating

[List] The 21 Best Poker Apps for Playing, Tracking & Training

https://upswingpoker.com/list-21-best-poker-apps/
Apps to Play Poker for Fun 1. World Series of Poker (WSOP) ... Poker Income Tracker (Free/$9.99) Poker Income Tracker lets you track your stakes, locations, time played, and results for live games and tournaments. With this handy app, accurately recorded and tracked data lets you analyze such aspects of your game as which locations are the most

r/poker on Reddit: How do Pros consistently play high stakes cash games

https://www.reddit.com/r/poker/comments/u5ofmi/how_do_pros_consistently_play_high_stakes_cash/
I've recently gotten back into poker (Texas holdem) after 15 years or so. I play with fake money on random apps, but I do watch a lot of poker streams on twitch, YouTube, etc. I see a lot of pros playing at tables (HCL, for example) that are chock full of the best players in the world, such as Ivey, Garret, Dwan, etc.

WPT Global: Cash And Tournaments—Which Is Better For Your Poker Game?

https://www.pokernews.com/strategy/cash-or-tournaments-which-is-better-44896.htm
Massive Payouts: Tournaments can stack up big prizes for the top spots, sometimes allowing you to win life-changing money off a small outlay. After all, no one is likely to spin $10,000 up to

Cash Games Vs Tournaments - Which Should I Play? - Upswing Poker

https://upswingpoker.com/cash-games-vs-tournaments-strategy-comparison/
Cons to Cash Games. Con #1) Regs, so many regs. Stronger players tend to play more cash because it requires a deeper understanding of the game. The freedom and lower variance cash games offer attract smart people willing to put in a lot of work to achieve their ideal lifestyle. Con #2) It can feel like a grind.

Wanna Be a Poker Pro? Here's How to Calculate How Much You Need to Make

https://cardplayerlifestyle.com/poker-tips-strategy/wanna-be-a-poker-pro-heres-how-to-calculate-how-much-you-need-to-make-in-poker-earnings/
Rake is the kryptonite for poker income. If you want to be a poker professional, you have to seriously consider whether you can play in games with a good rake structure. Rake varies widely across casinos and across the country. If you are a Los Angeles pro, you are competing against some of the worst rake structures in the country.

Anyone here play poker full-time? What's your average monthly income

https://www.reddit.com/r/poker/comments/109gdtt/anyone_here_play_poker_fulltime_whats_your/
Averaging 86$ an hour. 2780$ positive so far this month, I play part time bringing in anywhere from 4-10k a month. You have to know your rooms. I'll travel to different games for weekend sessions to make sure I'm not at the same room all the time. Vegas 4 times a year and headed to hustlers casino in February.

Poker is Just for Fun - Don't Rely On It For Extra Income

https://www.financialsamurai.com/poker-is-just-for-fun-dont-rely-on-it-for-extra-income/
Pocket Aces all in vs. Pocket KKs means you are 80% favored to win. Yet, 20% of the time you lose, and it is the worst feeling out there. 2008's World Series of Poker Champion won via a bad beat. He runner runnered (4th and 5th card) to catch his gut shot straight vs. his opponents AQ with a Q on the flop. How unlucky.

Playing live poker for 2nd income vs full time : r/poker - Reddit

https://www.reddit.com/r/poker/comments/wp0gpi/playing_live_poker_for_2nd_income_vs_full_time/
Playing live poker for 2nd income vs full time. For context. I'm 24, full time job (50k/year) i play strictly at Parx casino (PA) and occasionally Borgata (NJ). Before this year I would sporadically play 1/3 live and then a decent amount of online poker at .25/50. This year I decided to play as much live poker as I possibly can and track

Smashing PokerStars All-In Cash Out for Fun and Profit

https://medium.com/@danny.leshem/smashing-pokerstars-all-in-cash-out-for-fun-and-profit-d30aeb277e67
If you risk $10, your expected profit is $20×55%−$10=$1, which implies a 10% edge. There's one caveat though: you must play 100 rounds. A possible strategy would be to risk $10 each time, and

Fun vs. Profit - Card Player Poker Magazine - Jun 20, 2003

https://www.cardplayer.com/cardplayer-poker-magazines/66-pechanga-resort-casino-16-13/articles/13324-fun-vs-profit
Black Chip Poker 100% up to $2,000 Sports Betting Poker 100% up to $1,000 Global Poker Social Poker

Are you a profitable player? : r/poker - Reddit

https://www.reddit.com/r/poker/comments/xyqldh/are_you_a_profitable_player/
This at low live stakes where most people are playing. Whenever you hear a pro saying only 10 percent are profitable, it's typically just a what they say to make them feel smarter. And for those who are big losers, most of them likely just play for fun. Doesn't take a rocket scientist to beat 1-2/2-5 live poker.

Poker Tax Q&A - PokerStake

https://contents.pokerstake.com/articles/poker-tax-qa-585513/
You will have to pay self-employment tax of $1,413. This is calculated on Form SE as the $10,000 less 7.65%, and then you multiply that number by the self-employment tax rate of 15.3%. The IRS gives you a deduction of ½ of this number, which is $707 on the front of your return on line 27. Now your income is $9,293.

Playing for Fun vs. Profit in Casino - Casino Player Magazine

https://www.casinocenter.com/playing-for-fun-vs-profit/
You have a better chance of walking away with a profit if you play in a casino that is in North Las Vegas, in downtown Las Vegas, or on the Boulder Highway, compared to playing in a casino on the Strategies for balancing the pleasures of the game by Basil Nestor This is a fact.

ELI5: How do professional poker players make a sustained income, when

https://www.reddit.com/r/poker/comments/94npc9/eli5_how_do_professional_poker_players_make_a/
if there are 6 people at a table with $1000 3 profesionals and 3 fun players then there is $3000 of pro money and $3000 of fun money the pros in the long run will just take the fun money?

Choose Between Betting for Fun vs. Betting for Profit - GamblingJudge

https://www.gamblingjudge.com/betting-for-fun-vs-betting-for-profit/
Betting for Excitement or Betting to Make Real Money. Having fun and making profits while betting are two extremes. But, the fact is that bettors make profits from betting and also have great fun in doing so. One of the best things that you should do is to enjoy sports betting and do it with fun and excitement and not with the fear of losing money.

Whats more profitable for you, to grind in cash game online or ... - Reddit

https://www.reddit.com/r/poker/comments/ql6ros/whats_more_profitable_for_you_to_grind_in_cash/
A decent player can make decent, steady income even at low stakes and especially if it's bonus money on top of a regular job. If you have the patience (I don't) for a lot of bigger buy-in tourneys it only takes one deep.run to dwarf most cash players earnings. The downside of course is big buy-in punts and a 20% min cash rate.

Tax issues for professional gamblers - Journal of Accountancy

https://www.journalofaccountancy.com/issues/2016/oct/taxes-for-gamblers.html
A taxpayer who has $50,000 of gambling winnings and $50,000 of gambling losses in Wisconsin for a tax year, for example, must pay Wisconsin income tax on the $50,000 of gambling winnings despite breaking even from gambling for the year. Because professional gamblers may deduct gambling losses for state income tax purposes, some state tax

As a whole, what % of poker players are profitable? : r/poker - Reddit

https://www.reddit.com/r/poker/comments/na84c/as_a_whole_what_of_poker_players_are_profitable/
Yes, and the top percentile there is the one that makes good money. A lot more players can break even and win money in the end of the month through grinding bonuses, rake races and rakeback though. At least 20-30% more. Reply reply. [deleted] •. No way are 20-30% of poker players made profitable by rakeback. Reply reply.