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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 may 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 4 years, playing part-time whilst working a regular job for four years just before this. If you are considering playing poker online for a living you could take advantage of reading the next.
In lots of ways playing poker online for a living really is just one of the top jobs on this planet:
You shall have no Boss.
Nobody to tell you how to proceed, no one to improve your workload because others are incompetent, no-one to suck up to just because they've been at the company longer than you so they're 'in charge'. While 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 a week off you take a week off. You've got no boss, you may do what the hell you like!
You do not necessarily have to pay tax on your income.
If you are from the UK, for example, income from playing poker is tax-free. (For many of you outside the UK this is not the case, your profits are fully taxable by law. Make certain you are fully informed about your tax obligations on the subject of professional gambling).
You may work anywhere on earth.
Have lap-top: will travel! good gambling invention this internet thing isn't it? Personally, I have travelled a lot over the past 4 years, lucky me gets to go to South Africa, Australia, New Zealand, United States and Canada to name but several. At the time of writing I am in Buenos Aires. Should you have the desire to see the world, playing poker online really does fit the lifestyle like a glove. An added bonus here is that you'll be earning in US dollars (GBPs or Euros too) if you decide to live anywhere where this currency is stronger than the local currency you will feel that much richer!
You can enjoy what you do.
Poker is a great game, it's always throwing up new situations, a brand new set of challenges to overcome and new possibilities to learn. Sure, there will be times when you will not enjoy playing, you'd rather be out socialising with the 'regular 9-5ers' but I can honestly say that after all this time I still have a love for the game. It isn't such a bad way to meet people too. You may forge strong links with fellow online players from all over the world. You've got a common interest, you are bound to get along!
Convinced? Thinking about how you are going to be telling your manager what you really think of him, or her, as 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 isn't for everyone. Read on and you shall find out why.
Say goodbye to most weekends and evenings.
Actually, when you are within the UK or Europe you might well become nocturnal. The truth is it's much simpler to find profitable games throughout the night and at weekends. This is when a lot of casual players will sit down for per hour or two, many appear to just hate their cash and also are eager to give it away. Even the largest poker room online has far fewer, and far tighter tables throughout the United States day time than throughout the evenings.
Your income is unstable.
Even the very best players experience long losing streaks, it's unavoidable. These streaks can last weeks, or even over a month in extreme cases. It's entirely possible you will play near-perfect poker for per week yet still end up losing money. Not just do you'll need the bankroll to withstand this you also need the temperament to cope with these swings of fortune, they do happen and it is not fun once they do. It is necessary therefore to keep your living expenses separate through your bankroll, this helps ease the pressure in the event the fish are feeding on you. Stick to your solid game and you will experience the correction in fortune. Poker is a game of skill, in the long-term luck plays no part within your profits. Providing you are adequately bankrolled you will win back any loses, in fact you will win even 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!)".
Find out how your lender reacts to that! You won't convince too many individuals to lend you any money should they find out what you need to do. If you'll be needing to borrow money to make a vital purchase within the foreseeable future think long and hard. For advice on securing loans for pro-gamblers seek an experienced Independent Financial Advisor.
There's a great deal to think about if you are thinking about relying on poker for your source of income. Undoubtedly the wisest way to proceed is to keep your steady job; play poker as your hobby at the beginning, it's probably best if you give it at least one year, probably more. Perhaps you may only manage 10hrs play every week? Over the weeks and months you'll learn advanced skills that may improve your profits significantly. At the exact same time you'll still have the security of a regular salary.