How to make money playing poker in 2024?

Make money playing poker online

Truth be told, a lot of people play online poker to make money. And there is nothing wrong with this approach

The best way to make some money playing online poker is to play low stakes cash games, but play at least NL10 and preferably NL25. You also need to a tight and aggressive strategy and ensure that you are always table selecting. If you do all of this then it might be possible to make $1000 a month playing poker.

However, it isn’t easy these days and easier said than done . You have to be very disciplined, hard working, have the right strategy, bankroll, table selection, tilt control and so on to achieve this.
But at the end of the day this isn’t the answer that most people want to hear. They want the straight info on exactly how to do it!

best ways to Make money by playing poker online

So lets have some strong points for you with a gameplan on exactly how to do it.

1. Play Low Stakes Cash Games (The Micros)

Have stakes where you can buying for as little as $2.We think this is the best place for people to start playing poker online and turning a consistent profit. Many individuals have $1000+ a month even at the very lowest stakes cash games many, many times. However, it would be extremely difficult to do this in today’s games.

The reason why is that the games have tightened up in the last 5-10 years and this means that winrates have dropped as well.

anything is still possible if you really want it bad enough.Many would be willing to wager a lot of money that they could make 1k in a month at NL2, the very lowest limit.

However, people would need to lock themselves in a room for the entire month, have zero social life, and play some high amount of hands likealmost half a million. Not exactly achievable for most regular people though.

By the way, if you do choose to play a lot of tables, make sure you are using a good free poker HUD so that you get quick high quality reads on all your opponents.

2. Play at Least NL10, Probably NL25

So realistically then you need to be playing a bit higher stakes these days in order to make decent money a month. first stake where this is possible for somebody who plays consistently would be NL10.

NL10 is the 5c/10c blinds cash game with a $10 maximum buyin. So making $1000 in this game would mean winning 100 buyins in a single month.  This is not impossible for a top winner playing heavy volume at these stakes. And since you can also start making a little bit of rakeback on the side by this limit as well, this makes it a bit easier.

Rakeback is the cash bonuses and such that almost all poker sites offer you as an incentive to play there. This is not realistic for most people. NL10 is not a CAKE walk in the park these days and most people do not multi-table for several hours every day as would be required.  For the average person NL25 is probably the first stake where you could realistically make $1000 a month playing online poker. This game has a $25 buyin (10c/25c blinds) which means that you only need to make 40 buyins in order to profit a cool thousand.

This means that you also only need to win a little over one buyin a day, easily doable for any solid winner in this game.
Also, rakeback can easily amount to several hundred dollars a month by this stake. So this makes getting there considerably easier as well.

3. Play a Tight and Aggressive Strategy

Let’s talk strategy now. How should you play your cards?

The best strategy to use TAG which stands for “tight and aggressive.” This is the style of play that is recommended for making the most money in micro stakes cash games.

A TAG poker strategy essentially means 3 things:

  • You are very selective about which hands you choose to play
  • You pay close attention to your position at the poker table when deciding which hands to play
  • You play your hand very aggressively after the flop

You can think of poker like a chess game. Gain position and make very decisive and aggressive actions when the opportunities present themselves.

If you plan to wining big in poker is your priority then you need to have a clear plan of action for every single hand and make firm decisions.

Lastly and importantly, you should be mentally strong enough to be able to implement all of this even when the cards go south on you and you are losing for days or even weeks on end.

Lengthy downswings are frequent in today’s games even for the biggest winners. So keeping your cool when this happens is arguably the biggest factor in your success. 

4. Find the Tables With the Fish on Them

Another thing that you are going to have to do in order to make it to NL25 and start banking $1000 a month is table select. 
At the very lowest stakes you can usually still get away with playing on any table you want. There are still bad players everywhere. But once you start to climb up the limits there is simply no guarantee that there will be even a single fish at your tables. 
This is a big problem if having a high winrate and huge profits in this game is your goal!

There are really bad players who play way too many hands, call way too much and chase every draw are where the real money is at in this game.  If you aren’t making a consistent effort to play in games with them then you can expect a very small winrate at best.

So I would suggest that you play on the easier poker sites for starters and then also learn how to spot the fish, tag them and attract them to your tables.

Once you get seated at a table with the rec players then you also want to be isolating the crap out of them and basically trying to get their money faster than all of the other regs. it mat be called predtory but to me it looks winning poker.

By the way, if you are curious how I multi-table online poker and still keep track of where all the fish are, yes I do use several poker software aids and tools to help me.

5. Play Tournaments or Sit and Gos

Lastly, let’s not forget that cash games aren’t the only way to make money playing poker. Many people also play big multi-table tournaments (MTTs) or sit and gos (SNGs). Can you make 1k a month playing in these? Yes you can but a lot of the same ideas from above apply. 

You probably aren’t going to reach your target playing at the very lowest stakes in the 1$ games for instance. You are going to have to move up a few limits, at least the $5 games, maybe the $10 ones. 

You are also going to need to develop a solid TAG strategy for these games but you also have to tailor it to the different structure of these formats.

For instance, in tournaments the stack sizes are usually very shallow by the middle and late stages (30bb or less). This means that you often only have two options, all-in or fold. If you try calling and playing “small ball” style pots like in a cash game, I can guarantee that it won’t work out very well for you.

The great thing about tournaments though is that they still attract a ton of big fish. Recreational players love the idea of getting lucky and hitting the big score. This is the type of poker that they always show on TV after all. 

Fish see this kind of thing and immediately log online to try their hand at tournaments. So I do think there is great value to be had in these formats. The main problem though is that the money is not nearly as consistent as cash games. 
For instance if you got fairly good at tournaments and move up a few stakes, then these might be your results:

You get the idea. It still equals out to 1k a month in the end but there is no consistent money in tournaments. Most months will be breakeven or a small loss and then once in awhile you will hit an epic score. 
This is the life of a tournament player. You also need to be prepared to be chained to your chair for many hours at a time. In a cash game, you can leave whenever you want.

Is playing poker online a source of passive Income?

The big problem with making money from poker is that there is a lot of variance involved. You will have large wins followed by losses. This is the greatest reasons why relying on poker as a sustainable income is difficult.

But the top pros know that the key to success is good bankroll management. What means thathaving a large poker bankroll and a solid amount of savings in the bank/investments will sustain you through the tough times.

Because poker simply isn’t like a regular job where you can show up everyday and expect to have a steady paycheque for your bills every month. Many professional poker players have lost months and sometimes even lost in years in the case of tournament pros.

So having at least 30 buy-ins if you play cash games and at least 100+ buy-ins if you play tournaments.

You should also have a bare minimum of 6 months living expenses saved up that is completely separate from your poker bankroll.

Can you make $1000 by playing poker online ?

Another question that often get asked is can you make it as a poker pro by earning $1000 per month (on average). And the answer is that it entirely depends on your life situation.

So there are many online poker pros who have moved to low cost countries in Southeast Asia or Latin America who do just fine.

should you go pro when you are only making $1000 per month from poker? The short answe is no for most people. $1000 per month is a good side income, but ideally people would want more in the neighbourhood of $3000-$10000 per month from poker before seriously considering it as a profession.

Old saying is so true: “poker is hard way to make an easy living.” It isn’t nearly as glamorous as it looks from far and there are many long hours spent grinding in tough games.Poker still provides a good opportunity for some people to make a good extra income .There is nothing wrong with keeping your day job and just playing this game semi-professionally!

In fact, in many ways it is superior because you still get that steady paycheque each month, and the mental stress of the game therefore won’t affect you nearly as much.

Playing online poker- Summary

So is it possible to make money playing online poker?

Yes, but you need to learn some advanced poker strategy and make sure you are table selecting as well. You will also need to move up a few limits. This means probably the $25 dollar buyin games if you play cash or the $5 buyin games if you plan to play tournaments or sit and gos. 

Also, achieving 1000 usd a month goal will require consistent play. If you only play poker for a few hours on the weekends for instance, then there is no way that you are going to make this happen. 

If you are a part time player like this, then you are going to need to play much higher stakes in order to make $1000 a month no matter what the format is. 

One also need to work on their tilt control because in low stakes poker games you are going to face a lot of bad beats and suckouts. This is just the nature of playing against loose and crazy players.