Whether you play low stakes cash games or tournaments there is a ton of opportunity to make serious money. Even the average lower limit players can make $30,000 per year without much trouble. The time and effort you put in will determine how far your poker bankroll will grow. The more effort you put in the more you get out of it. On average for cash game players at 50nl-1,000nl, you can see steady amounts piling in per month both from rakeback as well as from profit.

Most low to middle limit cash game players will make about $1,000 per month just in rakeback. That is around $12,000 per year extra that you get just for playing poker. Live poker players don’t see this extra money each month and it is a reason why online poker is much better than live poker. The opportunity for growth is better and you can simply make more money online than you can live. Even if you have a lower win rate playing cash games, $30,000 per year is very feasible and you should often times exceed that by a nice margin. Here is where you also come up with your strategy for beating bad poker players.

Low to Middle Stakes Tournament Players

Most low to middle stakes tournament players will put in 50 hours or more per week and some weeks not show profit at all. The reason for that is because of the natural amount of variance in poker tournaments. You could easily go 100 tournaments without a big score or more. Tournament players often make their money from big tournament wins. Even if there are only 15-20 big tournament wins per year that could easily exceed $100,000 or more. Tournaments are very hard and take a lot more patience than cash games. Playing low and middle stakes tournaments will turn out to be a good thing in the end. You can crush these games because this is where tons of fish are in the online game. The lower buy-ins attracts bad players, and you can capitalize on this by learning how to progress through tournaments and beat the weak online poker players.

The poker market is simply not big enough to attract the type of page views needed to make good money, which is why most poker sites rely on the affiliate model. Affiliates – The poker media is built on the poker affiliate model. OK, the sites make money off the rake collected from each hand or tourney. Now what you seem to be asking is who is doing the depositing. Well, 80% (Low estimate) of online poker players are. If you want to start learning strategies and eventually make money gambling, that is a great place to start. If you really get into it you will probably end up with accounts at all the online poker sites, so you can make the most of the welcome bonuses. But if you are looking for a good place to start I recommend Betfair Poker. It’s an agreement that will dictate how many games you need to play, your bankroll, how much money you can keep if you profit, whether you will owe money if you lose it and any coaching you will receive. Online you’ll find that there are two different kinds of agreements; one that you make privately and one that is made online publicly. If you hope to make a living off of playing poker online, you should play higher stakes. Any lower than $100 NL (No Limit bets) is considered a recreational player. Betting several hundred per game makes you join the club of serious online poker players. At this level, you can anticipate some monthly earnings, but don’t quit your day job just.

Low to Middle Stakes Sit and Go Players

The sit and go players are overlooked online, but they are there. Heads up sit and goes are one of if not the most profitable game online today. The whole key to learning heads up sit and goes is practice. You have to know the correct play and since you are playing almost every hand, you have to know when to give up and when to push forward. Heads up matches are often won or lost by losing a coin flip, but up to that point you should have been able to build a chip lead, so it isn’t really what it seems. These matches can be grueling if you don’t find the fish.

Where to Start

To make money you should start off as low as the $10 level. Once you have had success there you can move up to the $20, then $33 and so on. These games will take you up as high as you let them. The range for what you can make per year will depend on how much mental stability you have as well as how well you can manage a bankroll. Some players will make $10,000 per year and some will make close to $200,000 per year. It depends on how much work you want to put in.

High Stakes Players

The high stakes players have no cap on what they can make per year because when sitting in the right game you can make a ton of money in a short period of time. When sitting in the wrong games you can lose a ton of money in a short period of time. Most high stakes cash game players can easily win with a definite level of consistency over a million dollars each year. The high stakes tournament players should also walk away with close to a million. For tournament players it more so depends on if they win the one big tournament or two for the year. You can lose a lot in tournaments over time if you don’t run well. High stakes sit and go players will win hundreds of thousands more or less over time with ease.

The reason these players have success is because when a player wins a big tournament (like the World Series of Poker), they will always jump into try and beat high limit players. This will always be the case and the natural reason why sit and go players and cash players make more than tournament players. Also, they have more of an edge than tournament players do to make consistent money over time.

Cash-Out Times

Withdrawal times are usually dependent on where you live, what banking method you're using, and the site you're playing at.

Withdrawals to debit or credit cards, for example, should take from 2 to 5 working days to process. The problem for the poker sites, however, is that they have no control over the speed of your bank to make this quicker.

How Do Online Poker Sites Make Money Fast

Meanwhile, if you've requested a paper check (available at some rooms), expect much longer to receive your cash - a few weeks is standard.

How Do Online Poker Sites Make Money Online

Some credit cards in restricted countries may not allow withdrawals, or more accurately, prohibit the site itself from paying funds to your card.

Alternatively, set and use an e-wallet just for cash-outs. Services like PayPal (if available in your country), Skrill, or NETELLER, process cash-outs within a day. You can often see your funds in your wallet much quicker than if using a card. Even better - many e-wallets are being introduced for use at regulated US sites in 2020 .

You can, at some sites, transfer funds to another player and let them withdraw the funds for you. While Player Transfer is only accepted at some of the larger poker rooms, it's a good way to avoid problems with processing.

How Do Online Poker Sites Make Money

To transfer funds, all you need is the player's ID and their consent.