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If you have found this article it hopefully means you're looking to make some extra income from playing poker online, you might even be looking to quit the rat-race for good and go full-time. I run a small website and poker school and also have been a full time online poker player for four years, playing part-time whilst working a regular job for four years ahead of this. In case you are considering playing poker online for a living you might benefit from reading the next.
In lots of ways playing poker online for a living really is one of the most effective jobs on this planet:
You will have no Boss.
No one to tell you what direction to go, no one to improve your workload because others are incompetent, nobody to suck up to simply because they've been at the company longer than you so they're 'in charge'. As you can probably tell, I don't like bosses. Never have, never will.
You work whenever you want.
No getting up at 6.30am to make it to the office on-time. If you want a day off you take a day off; if you want per week off you take a week off. You've got no boss, you may do just what the hell you like!
You don't necessarily have to pay tax on your income.
If you're from the UK, by way of example, income from playing poker is tax-free. (For many of you outside the UK this isn't the situation, your profits are fully taxable by law. Make sure you are fully informed about your tax obligations in terms of professional gambling).
You may work anywhere on earth.
Have lap-top: will travel! Good invention this internet thing isn't it? Personally, I have travelled a whole lot over the past four years, lucky me gets to go to South Africa, Australia, New Zealand, United States and Canada to name but a couple of. At the time of writing I am in Buenos Aires. If you have the desire to view the world, playing poker online really does fit the lifestyle like a glove. An added bonus here is the fact that you are going to be earning in US dollars (GBPs or Euros too) if you choose to live anywhere where this currency is stronger than the local currency you are going to feel that much richer!
You can enjoy what you do.
Poker is a good game, it's always throwing up new situations, a whole new group of challenges to overcome and new possibilities to learn. Sure, there will be times when you won't enjoy playing, you'd rather be out socialising with the 'regular 9-5ers' but I can honestly state that after all this time I still have a love for the game. It's not such a bad way to meet people too. You can forge strong links with fellow online players from all around the world. You've got a common interest, you're bound to get along!
Convinced? Thinking about how you'll be telling your manager what you really think of him, or her, when you hand over your letter of resignation? Wait just a minute, life as a full time poker player is not all a bed of roses, playing for a living is not for everyone. Read on and also you will find out why.
Say goodbye to most weekends and evenings.
The truth is, if you're within the UK or Europe you could well become nocturnal. The truth is it's much simpler to find profitable games through the night and at weekends. This is when a lot of casual players will sit down for an hour or two, many seem to just hate their cash and are eager to give it away. Even the biggest great poker room online has far fewer, and far tighter tables throughout the United States day time than through the evenings.
Your income is unstable.
Even the most effective players experience long losing streaks, it's unavoidable. These streaks lasts weeks, as well as over a month in extreme cases. It's entirely possible you definitely will play near-perfect poker for per week yet still find yourself losing money. Not only do you need the bankroll to withstand this additionally you need the temperament to manage with one of these swings of fortune, they do happen and it is not fun when they do. It's important therefore to keep your living expenditures separate through your bankroll, this helps ease the pressure in the event the fish are feeding on you. Stick to your solid game and also you will experience the correction in fortune. Poker is a game of skill, within the long-term luck plays no part in your profits. Providing you are adequately bankrolled you will win back any loses, in fact you certainly will win much more.
"Dear Mr Bank Manager, I would like a loan to buy my dream house/car/holiday/bride. I am a professional poker player and my once-a-year income is $(insert crazy figure here!)".
See how your loan company reacts to that! You won't convince too many people to lend you any money should they find out what you need to do. If you are going to be needing to borrow money to make a considerable purchase within the near future think long and hard. For advice on securing loans for pro-gamblers seek an experienced Independent Financial Advisor.
There's a lot to think about for anyone who is thinking of relying on poker for your income source. Without doubt the wisest way to proceed is to maintain your steady job; play poker as your hobby in the beginning, it's probably best if you give it at least one year, probably more. Perhaps you can only manage 10hrs play per week? Over the weeks and months you will understand advanced skills that may enhance your profits significantly. At the same time you'll still have the security of a regular salary.