How To Make Money Playing Live Poker?
How to win money playing poker online – Playing real money online poker is quite convenient: You can access all the different game formats and play in a cash game or a poker tournament against players from all over the world from the comfort of your home.
You also decide on your own schedule when to play and which online poker room you choose to play at. To make money playing online poker, you need to do the following steps: Step 1: Choose an online poker site and make a deposit Step 2: Increase your balance by playing in good cash games or poker tournaments Step 3: Study the game to improve your win-rate and hourly rate.
Step 4: Repeat steps 2 and 3 before withdrawing a part of your winnings After you’ve made a withdrawal, you can continue to play and study the game. Playing in good games only will be of essence to win online. You should be looking to play against players on which you can put a tag of a recreational player.
- Limping most of their hands preflop
- Showing down many trash hands at showdown, such as T5o or J4o
- Minbetting or min 3-betting regularly
- Not folding their draws to big bets at all
- Using an excessive amount of emoji’s, rabbit hunting or cursing their luck in the chat
Finding players who do these things will keep your win-rate high, It’s estimated that over 90% of the money won by winning players comes from recreational players! To increase your poker winnings even further, make sure to take advantage of online poker bonuses as they’re are essentially free money given to players by online poker sites.
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- 1 Can you make good money playing poker?
- 1.1 Can you become a millionaire from poker?
- 1.2 Can poker be a full time job?
- 1.3 Is poker mostly luck or skill?
- 2 Is income from poker taxable?
- 3 What poker does to your brain?
- 4 Can you live off playing poker?
- 5 What is the 7 2 rule in poker?
- 6 How hard is it to make a living playing online poker?
Is live poker profitable?
Is Live Poker Profitable? – Live poker is a completely different animal though. In fact live poker is profitable pretty much anywhere on earth in 2022 especially at the lower stakes. This is because live poker games are often considerably easier to beat than their online counterparts. And this isn’t likely to change any time soon. At the lower limits in particular the play is often like something you would have seen 10 years ago online with all sorts of extremely bad and very easily exploitable players. Also, live poker rarely has to deal with any of the government restrictions or segregating of the player pool that has hurt online poker in recent years.
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How much do live poker players make?
Being a professional poker player is kind of like being an astronaut or a rock star to most people. It is such an out of this world idea to them that they are naturally fascinated by those who do it. And with that of course they want to know how much money is involved.
- People will simply ask you point blank how much money poker players make.
- So here is the quick answer: Good poker players in small stakes online games like 1c/2c to 50c/$1 will make between $600 and $5000 a month.
- Good poker players in live games like $1/$2 to $25/$50 will make between $1000 and $10000 per month.
Good high stakes poker players will make 100k per month or more.
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Can you make good money playing poker?
Final Thoughts – So to answer the question of can you make money playing poker, the answer is yes. However, you need to use a strong fundamentally sound poker strategy. This involves first picking the best games to play in. For a beginner I suggest low stakes full ring cash games online.
- If you prefer to play live in a casino that is ok as well.
- The next thing you need to do is make sure you are playing at tables with fish on them.
- In online poker this is simple, VPIP of 40% or more.
- In a casino poker game you need to watch for the people who seem to be involved in every hand and are constantly going to showdown with bad hands.
Lastly, you need to make sure that you are using a simple tight and aggressive strategy in these low stakes games. Use position to your advantage, always betting your good hands and keeping the bluffing to a minimum. If you want to know the strategy I personally use to consistently make $1000+ per month in low stakes games as a 10 year pro, make sure you grab a copy of my free poker cheat sheet.
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How easy is it to make a living playing poker?
A question that I often get asked is can you make a living playing poker in 2022. In fact ever since I first became a pro more than 10 years ago even my own friends and family have been asking me about this. Well here is the short answer. Yes, you can make a living playing poker in 2022.
However, it is not easy. You have to work hard to be a winning player these days. You also have to be very disciplined. However, for some people like me playing poker for a living allows a lot of freedom. There are many different factors involved with this question though. It depends on your skill level, your work ethic and your life situation.
For some people making a living playing poker might be possible. For others not. So in this article I am going to try and answer once and for all whether or not you can make a living playing poker on the internet or live.
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How many hours of live poker is a good sample?
Uncertainty with Longterm Results – Beyond individual strategic decisions, our whole winrate is always going to fall into the category of “very uncertain”. I’ve seen estimates of a significant sample of live play ranging from 2000-10,000 hours. Even on the low-end, playing 40 hrs a week, we won’t reach a meaningful sample until a year.
- That’s five years if you believe the people advocating 10,000 hours.
- Now that sample isn’t going to be very consistent either.
- Do you play at the same place in the same games against the same people 2000 hours a year? If you can do that and make a good living, power to you.
- For me, living in New York City, my array of online play, home games, and trips to varying casinos across the country adds a lot of noise to my results.
The only reason I’m sure I’m a winning player is that I can identify spots where I believe my opponents are making mathematical mistakes that I can demonstrate on pencil and paper – but more likely a computer. The truth is, you might not be a winner in your game.
- How many poker players have we seen assume they are a winner based on past results and consequently dump it all to the people who put in the work? Just winning isn’t enough.
- You need to know why you are winning.
- And if you are losing, you need to know why you won’t be losing in the long run if you maintain your strategy.
Even if you have been a winner in your game, there is no reason you should count on your winrate being the same moving forward. The games could improve, get much worse, or end altogether. The point is, be prepared and be realistic. This isn’t to say you aren’t a great poker player.
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Can you become a millionaire from poker?
NOTABLE MENTIONS – Obviously, professional poker is a lucrative business. It’s estimated that there are hundreds of players who have earned over a million dollars playing this card game. For that reason, we couldn’t discuss all of them. Instead, we picked the 10 poker millionaires whose stories of success caught our eye.
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Can poker be a full time job?
What is a Professional Poker Player? – Duties As an experienced professional poker player, you would need to perform the following tasks:
- Gain an in-depth knowledge of the game via extensive research and networking with people in the industry.
- Regularly engage in the game at different levels of difficulty to develop the strategic skills necessary.
- Manage your finances effectively and choose tables or stakes in keeping with your budget and skill.
- Maintain records of your previous playing performances and evaluate the data to minimize past errors going forward.
Day In The Life While having a career in poker might seem easy, there is much more to it. Besides having solid skills in the game, you will be spending time tracking your schedule and ensuring that you are tuned into the best tournaments, either online or in real time.
- An experienced online player will be signing in to tables first thing in the morning to play at a live game.
- The beauty of online poker is that at some place in the world, there is a game taking place.
- Many poker players in Vegas head to the tables for three to four hours in the morning, before heading off for lunch.
While a few people are full-time professional poker players, most have to balance a day job and evening outings to play poker matches. You may spend many of your breaks at work reading up poker books or browsing websites to watch game strategies. Once you reach a level of expertise, you will travel frequently throughout the year to attend real-world tournaments.
- This involves many hours sitting at a poker table and being clear-headed against other players under casino lights.
- If you treasure a fast-paced life of action, this is an exciting career path for you! Work Schedule And Typical Hours As with any other profession, you need to invest some hours in a day to practice and hone your skills.
In addition, you may also travel many times in the year due to poker tournaments located at various locations across the country, and even internationally. This is a game that will require long moments of concentration and isolation. The risks are also high and result in high-stress levels for the most experienced of players.
- While a pay-check is not guaranteed from month to month, you will enjoy the rush of the game if you are dedicated to the craft and able to stay positive even in the face of failure.
- Growth Of The Job Poker is always an exciting career and once an individual gains the knowledge, it is also a perfect alternative for huge profits in no time.
However, there is not much opportunity for career growth since this field is fiercely competitive with many poker pros looking for their big break. Typical Employers While professional poker players work independently in the field, several choose to supplement their poker winnings with a full-time or part-time day job.
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Who is the richest pro poker player?
The wealthiest player in the world – He has never won a major championship, but he hasn’t needed it: Dan Bilzerian tops the richest players’ list thanks to his poker skills, a prosperous social media career, a large trust fund, and multiple business pursuits.
- The controversial Bilzerian, who began his poker career in 2008 by participating in the World Series of Poker Main Event, finishing in 180th place, admitted to making most of his fortune playing high-stakes poker,
- He has made claims that he has made up to $10 million in single high-stakes poker games and has accumulated over $50 million in a year from playing poker.
Today the Tampa native, who often lets himself be seen surrounded by several models ‘living la vida loca’, boasts a net worth of up to $200 million, Whilst it is true he has likely made a fair amount playing poker, his true ticket to the good life came in the form of a multi-million dollar inheritance left to him by his father, Paul Bilzerian,
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Who has the most live earnings in poker?
All-time money list FAQs – What was the largest poker win ever (in live tournament poker)? The largest poker win ever, excluding online poker tournaments, was $18.35m. This was one by Iranian-American poker player Antonio Esfandiari in the WSOP’s One Drop tournament in 2012.
- How can I find out who the best poker players are in the world? To find out who the best poker players are in the world, simply check our Poker Players section on PokerNews.
- Here we have frequently updated lists, providing live rankings of the best poker players in different categories – for instance, the top female players, top players based on GPI and the top online players in history.
How often are the poker rankings updated? The poker player rankings for all of our lists are updated frequently to always portray the most accurate and up-to-date information. We take results directly from Hendon Mob, enabling us to use live and online results from tournaments to keep our lists accurate to the cent.
Which poker player has the biggest net worth? Andrew Beal has by far the greatest net worth out of all poker players. While some exceptionally large amounts of money can be won in poker, you’d have to win a fair few high rollers to challenge Beal’s net worth. The American is estimated to have a net worth of $9.71 billion as of 2022.
His wealth mainly accumulated from dealings in real estate and later finance, being the founder of Beal Bank. He’s also a world-renowned mathematician known for stating the Beal Conjecture. Similarly, Kevin Hart and Dan Bilzerian are near the top of the list not for their poker winnings, but for explorations outside the casino.
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Is poker mostly luck or skill?
Conclusion: Is Poker Based on Luck or Skill? – The answer to whether poker is gambling or based on skill is that it’s a little of both. In order to win a hand, a player will need some element of luck, but they’ll also need to know exactly what to do with the cards and the situation in front of them.
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Is income from poker taxable?
NEW DELHI: Online poker and fantasy games is set to get costly as a group of state finance ministers set up to explore the quantum of GST and mode of taxation on casinos, racecourses, and online gaming has unanimously proposed a flat 28 per cent goods and services tax (GST) on these activities.
- The group is said to have proposed that casinos be brought under the 28% tax slab while the tax will be only on the amount paid at the time of buying the betting instruments at entry and not on every betting transaction.
- The panel of ministers, which met last week, also decided that the tax will be levied on the entire “face value” or “bet amount” and not on the total transaction value.
Total transaction value includes the prize money, or the net commissions (revenues) that accrue to gaming firms. These recommendations will be sent to the Goods & Services Tax (GST) council for approval. The online gaming industry that operates skills-based games like e-sports, rummy, poker, chess, and fantasy games has been lobbying for GST to be capped under 18%.
They had backed the demand with a claim that a move into the higher tax bracket would derail the $2.2 billion industry that has 400 players and employs around 45,000 people. Currently, the GST rate applicable on online games involving betting or gambling is 28%, and the rate on games not involving betting or gambling is 18%.
A tax rate of 18% is also levied on the commission collected by the online gaming platforms for each game. The industry believes that a high GST rate will make the entire online gaming industry unviable. Is online gaming even legal? “One of the most crucial parameters in determining the legality of online fantasy games is whether such a game ispredominantly a ‘game of skill’ or a ‘game of chance’.
With respect to online fantasy games, there have been numerous court rulings to lay down the jurisprudence on determining the legality of such online games. Broadly, the position of law with respect to fantasy games as per the rulings of several High Courts including the Hon’ble High Court of Punjab and Haryana, the Hon’ble Bombay High Court, Hon’ble High Court of Rajasthan as well as the Hon’ble Supreme Court of India, can be said to be settled in favour of the notion that fantasy games are ‘games of skill’ and do not fall within the purview of gambling and/or betting,” said Amay Jain, Senior Associate, Victoriam Legalis – Advocates & Solicitors.
Nevertheless, the said position is subject to change in laws, interpretation, and application of law by courts in various cases that arise.For instance, earlier in October 2021, the Karnataka state government had amended the Karnataka Police Act, 1963, to effectively render fantasy gaming as a non-bailable offence.
However, later the Karnataka High Court struck down such amendment as ‘unconstitutional’ and held that online fantasy gaming shall be left out of the ambit of activities being declared as a non-bailable offence by the state government. “Presently the legal regime for online gaming is a confusing matrix of a different state laws, central laws and judgements by various courts which have the effect of law.
Some of these laws predate the online era of gaming. It is a welcome move to have a central committee evaluate and recommend a modern regulatory regime that’s uniform and attempts to keep up with the developments in the sector. One of the key elements would be to have a clear and well-defined distinction between games of skill and games of chance.
The same treatment cannot be given to online betting on horse races as given to selecting a fantasy cricket team and winning money as per the real-life performance of the players or to playing Call of Duty or Fortnite online where there is zero element of chance,” said Shoubhik Dasgupta, Partner, Pioneer Legal.
In absence of a unified code on gaming, different courts have taken differing views on how to treat online games. Barring few exceptions, games of skill when played for stakes are excluded from the gambling bans in most Indian states. “With the increase in interest in this sector, a uniform regulatory regime clarifying on aspects relating to tax implications etc.
appears to be the way forward,” said Rishi Anand, Partner, DSK Legal. When is indirect tax charged? International experience in the skill gaming suggests that the indirect tax is generally charged on the gross gaming revenue or rake fee that i the revenue earned by the gaming operators. If the platform offers game of chance that is characterized as betting or gambling, then the tax is applied on the entry fee or the wager.
” With the proposed convergence of GST rate by GoM at 28% for online gaming, it will be interesting to see how the valuation mechanics would be prescribed for skill-based games. The expectation is that in line with international practices, the value for online gaming should be the gross gaming revenue or the rake fee (platform fee) and not the entry amount or stake.
- This is a critical aspect that also needs immediate consideration to give clarity to the sector.
- It is apprehended that charging GST on the entry fee or the stake would mean that operators will then possibly have to pass on the higher GST burden to the players.
- In such a scenario, player’s winnings could get squeezed and could get discouraged.
Consequently, this may impact volumes, overall value economics and may also affect the compliance behavior,” said Hardik Gandhi, Partner, Deloitte Haskins & Sells LLP on online gaming and taxation. Currently, most online gaming platforms pay 18 per cent on the commission collected by online gaming platforms for each game, while those involved in betting or gambling attract 28 per cent.
- On horse racing, GST is levied at 28 per cent on the total bet value.
- World over, the fees from online gaming is taxed in the range of 15%-18%.
- According to a report by Copenhagen Economics ” the tax-rate should not exceed 20%.
- The reason being that at higher tax-rates, gaming operators as well as consumers will choose not to join the licensing system.’ The report shows how France, which levies an extremely high tax rate on GGR (of approximately 37% on online poker and 45% on sports betting), achieves a per capita tax revenue of merely 41% of that of the UK, which levies a 15% tax on GGR.
GST authorities, meanwhile, have issued notices to various industry players, proposing to recover incremental GST owing to the valuation dispute. However, the Punjab and Haryana High Court provided much-needed relief recently, by directing GST authorities not to take any coercive action till a clarification is available from the government.
What does the industry think? An increase in taxation would not only have a catastrophic impact on the industry, but also encourage offshore operators who would circumvent Indian tax jurisdiction by hosting games in some other country, Games24x7 Co-CEO Trivikraman Thampy said. “It would be a triple whammy — the industry loses out, the government loses out on tax revenue and players lose out as they would be exposed to unscrupulous operators,” he said.
An association of online skill-based gaming platforms has made a representation before the authorities for retaining Goods and Services Tax (GST) at the current level for the industry which has 400 companies employing about 45,000 people. According to Thampy, GST is currently charged on platform fee, termed as Gross Gaming Revenue (GGR), rather than on the entire amount pooled in for a game.
- International best practices also highlight the optimal taxing bracket for the online gaming industry between 15 and 20 percent.
- Our current GST rate at 18 percent is in line with best practices and reduces the incidence of illegitimate operators,” he said.
- Online games of skills are inherently different from games of chance, and that the skill-based gaming industry does not constitute to gambling or lottery, he added.
What about personal tax? Winnings from lottery and gambling such as poker are subject to tax. India imposes TDS or tax deductable at souce, to all winnings from gambling. Under section 194B of the Income Tax Act, winnings from lotteries and games have a corresponding TDS of 30% provided the amount is at least Rs.10,000, excluding cess.
- The net rate after cess amounts to 31.2%, without the benefit of the basic exemption limit.
- For online poker, the tax is automatically deducted from your winning.
- Once you receive the payout, you will no longer be required to pay for other taxes.
- However, if TDS is not deducted from your winning, you will be obliged to file for income tax within 30 days after receiving the amount.
For example, Mr Pinto earns Rs 2 lakh as annual income and has also earned Rs 30,000 from online gaming. His income is below the basic exemption limit.i.e.2.5 lakhs. But Mr Pinto will still have to pay 31.2% tax on Rs.30,000 including cess. But after that, no Deduction or any expenditure will be allowed to be applied to any such income.
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What poker does to your brain?
Medical benefits of playing Poker – Reduces risk of Alzheimer’s disease Alzheimer’s is known to be a neurodegenerative disorder that has a genetic predisposition and no certain cure has been recognized as of now. However, it can be prevented with certain cognitive sports and poker is one of them.
Studies have shown that playing poker can actually reduce your chances of developing brain-related diseases like Alzheimer’s by over 50 percent. Leads to rewiring the brain Poker acts like Pushups for our brain. It strengthens your brain and shields your nerve cells. Playing poker can help to rewire your brain and help to create myelin for a longer run.
When we perform any activity consistently, it leads to the creation of new neural pathways. The nerve fibers are surrounded by a myelin sheath. This protects and nourishes the nerve cell. The more often impulses are transmitted through this network, the thicker the myelin sheath becomes.
This is called myelination. Hence, the more poker we play the more myelin our brains create. Poker also helps in controlling emotions and making quick decisions that increase cognitive capacity, hence improving your chances of keeping a healthy brain. There are many ways in which poker is useful for the brain.
In fact, it develops a host of skills in us. Mentioned below are the key ones:
While playing poker players tend to be totally engrossed in the game, trying hard to think about what moves the others are planning. This enhances their concentration, attention, problem-solving skills, etc. Playing online games like poker develops reading skills among players. Poker requires us to read and understand all its concepts, instructions, and find clues. In fact, some people even read blogs and books on poker. The reading skills that are developed in a person benefits them when they read so many things, such as reading helps in the development of the brain. During the game, players come across situations where they have to think and act quickly in a certain manner. Thus, it develops problem-solving and critical thinking skills in a person, which are useful for the brain. Playing poker is a stress buster for many. So it helps in keeping the brain relaxed. Poker also enhances our ability to read situations, and opponents, as the players need to determine the odds and probabilities in any situation if it’s a flopping flush or a full house.
(The author is CEO & Co-founder, Pocket52) Moneycontrol Contributor
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Can you live off playing poker?
That’s one of the most common questions that aspiring poker players ask themselves and their poker friends. What’s the real answer? Yes, you definitely can make a considerable amount of money and even make a living playing poker. It won’t be easy, though, especially if we’re talking about online poker.
We have to be straightforward. Times when pretty much any decent player could win money in online poker games are long gone. The poker landscape has changed: the markets have been divided, games got tougher, and the average player got better. However, despite all these seemingly bad circumstances, there are still thousands of players playing online poker for a living and ever more who dream of playing poker professionally.
How do the lucky few succeed?
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Is poker a stressful job?
2. You’ll Become Comfortable with Stress – Poker is stressful, but that’s what makes the game great. To be a successful poker player you need to be able to step outside your comfort zone and get involved in uncomfortable situations. As Doyle Brunson says, “It takes courage to sit down at a poker table.” Everyone in the room is trying to take your money.
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What is the 7 2 rule in poker?
The 7-2 Game A few nights ago I had the chance to play at friend’s home game where we implemented the 7-2 game. For those of your not familiar, this is where anytime a player wins with 7-2, every other player at the table has to give them some amount of money.
In our case, we were playing a deep-stacked 1/2 game with six players and when someone won with 7-2, they would get $10 (5 BB) from every other player.25 BB total is not a bad score, especially when you’re able to take it down preflop. Some people hate the game, others love it, and I certainly fall into the later category.
Anything to drum up action and encourage bluffing is a win in my book. At first, it no one was getting dealt 7-2. After at least four orbits the hand was not shown down and everyone said they hadn’t seen the had once. This makes sense though- of the 1326 possible starting hand combos in NLHE, 7-2 comprises only 16 of them, for a little over 1% of total possible hands.
After about an hour though of no one getting the hand, seemingly all at once, a very high proportion were getting dealt, and this continued for the rest of the night. There were at least 4x as many 7-2 combos dealt as what one would expect based on the odds (I certainly wasn’t complaining about that!).
While the game is normally fun, somewhat loose, with a good amount of aggression, the 7-2 game transformed the table to have a preflop aggression frequency higher than the toughest online 6max games. It seemed like there was a 3bet every few hands with no one ever really choosing to back down with 7-2.
- On top of the standard 3 and 4bet bluffs with 7-2, there were also a few notable pots where 7-2 triple barreled on a scary board and got called down on all three streets and where a player opted to flat with 7-2 preflop and make a series of bluffs postflop to take it down.
- For the home game that this was played in, I think the 7-2 game makes a lot of sense.
Everyone could afford to play these stakes so although the hyped up aggression left some people frustrated by the end of the night, it wasn’t going to make anyone not come back. The only scenario in which I could see the 7-2 game not making sense for one’s home game is if the stakes being played are meaningful to some, and the thought of losing 3 buyins or more in a friendly game is something that would discourage players from coming back (although in this type of case, my recommendation would be to lower the stakes, up the stack depth, and bring on the preflop aggression!).
What I’m excited to further explore is not the merits of whether or not to play the 7-2 game sometimes – unless you hate action and people bluffing more, it’s worth at least trying for an hour or two. I want to look at how this game effects decisions so if you find yourself in a game where people are playing the 7-2 game, you know how to adjust.
I think it’s fairly obvious for those that have played the 7-2 game, most people over-adjust and bluff too much when holding 7-2. I’m going to look at how the reward of winning a hand wth 7-2 impacts one’s EV and your frequencies. For the sake of simplicity, let’s work with the assumption that the reward for winning with 7-2 is 30 BB – 5 BB at a 7 handed home game.
- Let’s say you normally open 3 BB to win 1.5 BB.
- Now with the 7-2 game in play the reward is 31.5 BB.
- So it’s clear even in early position 7-2 is a slam-dunk open.
- Now what about a 3bet? Let’s say you standardly 3bet to 10 BB over a 3 BB open.
- So now instead of risking 10 BB to win 4.5 BB, you’re risking 10 to win 34.5 BB.
At first glance it might seem like we should be 3betting 100% of the time with 7-2. I think in most games this is probably correct, but if you’re in a really loose game where people rarely fold to 3bets, or up against a particularly sticky player, it might be best to just fold against those type of players.
- Because once called preflop, 7-2 has such poor equity against a calling range so without much fold equity postflop, best to just fold pre.
- Note in these games I would have a tiny or non-existent 3bet bluffing range without the 7-2 game.
- Most players will have a frequency that they fold to 3bets, even in a loose, aggressive, and deep stacked game, so most of the time you should replace some of your 3bet bluffs with 7-2.
The key when adjusting for this game is not completely throw off your relative frequencies – if you normally 3bet in late position with 9s+ AQ+ for value and A2s-A5s as a bluff, don’t just add 7-2 to your 3betting range unless these players won’t adjust to the 7-2 game – almost no one doesn’t adjust when playing the 7-2 game, if anything, most players in my experience over-adjust and always “put you on 7-2”.
- So against most players you should also add at least the proportionate amount of value combos to keep your ratio of value hands to bluffs the same, if not more value hands due to overadjustment.
- Now on to 4bet bluffing.
- If a standard 4bet to a 10 BB 3bet is 35 BB, you’re normally risking 35 BB to win 11.5 BB, and with the 7-2 game to win 41.5 BB.
As you can see, after more preflop betting occurs, you’re starting to risk more to win relatively less. The same logic for when to 3bet bluff with 7-2 applies to 4betting, although because of the price we’re laying ourselves, we need to be a little more conservative than with 3betting.
Against a relatively balanced player, we should be 4bet bluffing all combos of 7-2. But against someone who only 3bets very good hands or is looking to gamble with a merged value range, best to fold all combos of 7-2 preflop. I imagine there aren’t many opponents where it is correct to do anything but fold all combos or 4bet all combos.
It would take a particular opponent who is somewhat balanced in their 3betting range but a little too loose to warrant a mixed strategy with 7-2. Postflop Barreling frequencies with 7-2 postflop are largely dependent on the size of the pot after the preflop betting.
In a similar fashion to preflop, it’s likely correct to cbet 100% in a single-raised pot heads up- if our cbet sizing is on average 1/2 pot, then one is risking 3.25 BB to win 37.5 BB. With multiple players in the pot, it still is likely correct to cbet 100% with 7-2 because of the price. Even if the 3.25 BB cbet only gets through 15% of the time in a 4way pot, it’s still a really profitable cbet because you’re risking 3.25 BB to win 43.5 BB (only needs to work about 7.5% of the time to break even).
If you’re at a table where it’s so loose that cbets don’t go through on the flop when playing the 7-2 game because everyone puts you on it, don’t ever bluff postflop with 7-2 and please let me know if you ever need another player for the game. In a 3bet pot, the same logic largely applies.
In a heads up pot when cbetting the flop you’re risking 10 BB to win 51.5 BB, so you only need the bet to work 18% of the time as opposed to the normal 33% without the 7-2 bonus. Note how much more of an attractive proposition cbetting is in a single-raised versus heads up pot: cbets only need to work 8.5% of the time versus 18% of the time.
And for 4bet pots this then changes to 26.5% which while is better than the 33% that it would need to work without the 7-2 game, won’t change your range as significantly. In a 4bet pot you should probably give up with some combos of 7-2 and replace your worst normal bluffing candidates with 7-2.
- Don’t be the guy that makes the hero triple barrel – on each street the extra 30 BB becomes much less of a factor.
- If it’s a 3bet pot heads up pot with 200 BB stacks to start the hand, and you get to the river with 100 BB in the pot and 150 BB behind.
- You decide to overbet the river and risk 150 BB to win 100 + 30 BB because goddamnit if you’ll lose with 7-2.
Normally you would need this bluff to work 60%. But with the extra 30 BB, this bet still needs to work 53.5% of the time, not that significant of a difference. If you decide it makes sense to have an overbetting range on a particular river card, it will likely make sense to include at least a combo or two of 7-2, just not all 12 combos.
- Equity when called + fold equity – bet when called and miss + bounty equity = 0
- Equity is when called = x
- % Opponent folds = y
- 7-2 Bounty = z
- So let’s say I bet 50 into 100 on a flop in a heads up pot.
- So the base equation before knowing our exact hands, equities, and bounty is the following knowing the size of the bet:
- x(1-y)*200 + y*100 – 50*(1-x)(1-y) + z = 0
- The flop is Kc6h9c.
- Which is a better c-bet bluffing candidate, 72o or J10c?
Let’s approximate that 7-2 has about 5% equity against a continuing range and J10c has 35% equity. Your opponent will fold 33%, 8% more than optimal. In the home game I played, the 7-2 bounty was 50.7-2,05(1-.33)*200 +,33*100 – 50*(1-.05)(1-.33) + 50 = 57.875 J10c,35(1-.33)*200 +,33*100 – 50*(1-.35)(1-.33) + 0 = 58.125
- So in this case, we’d expect to profit about $7 (answer of equation – the bet) with our best bluffing candidate as well as 72o betting half pot in a medium sized pot for the stake, without much theoretical difference between the two hands.
- Now let’s look at what happens if this flop was bet called and a blank turn comes out.
Which is a better bluffing candidate now for betting 140 into 200? Let’s adjust the base equation for this bet and pot size, how often your opponent folds (33%, a few % less than optimally against this bet size), and updated equities – 0% for 7-2 and 18% for J10c.
x(1-y)*480 + y*200 – 140*(1-x)(1-y) + z = 0 7-2 0(1-.33)*480 +,33*200 – 140*(1-0)(1-.33) + 50 = 117 J10c,18(1-.33)*480 +,33*200 – 140*(1-.18)(1-.33) + 0 = 201.796 As you can see, as the pot gets bigger, 7-2 becomes significantly worse (EV of -$23 in this example) to bluff compared to good draws (one would expect to profit $61 semibluffing J10c here).
Now a note on river play – if you do get to the river with 7-2, then it becomes your best bluff because none of your bluffs have equity but you get the extra bounty with 7-2. This doesn’t necessarily mean that you should always bluff with all combos of 7-2 you get to the river with, but you should defintely bluff all 7-2 combos before adding other bluffs.
- Conclusion The big takeaway is to still be quite aggressive with 7-2 – the extra 30 BB in most circumstances makes it an excellent bluffing candidate.
- This becomes less and less true on later streets, and in bloated pots.
- Just remember to not get too crazy and have it make your ratio of value bets to bluffs go out of whack – with the addition of 7-2 to a bluffing range, remember to value bet extra thinly.
: The 7-2 Game
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How hard is it to make a living playing online poker?
Many People Have Decided To Take Up Poker While Being Quarantined. –
There are many ways to make money on the web, and online poker is definitely a legitimate one to do it. In fact, there are thousands of professionals who play online poker on a daily basis and earn good money from it. Therefore, to answer the topic question right away — yes, you can make a living by playing poker online.
However, that’s not the right question to ask at all, so let me make a little correction right away. The right question should be this – How hard is it to make a living by playing poker on the web? Now, this is definitely something that you’re not going to like. It’s pretty difficult and requires a lot of practice, dedication, and sacrifice.
Poker player Adrian Sterne from Top10PokerSites.net published a well detailed article on making a living by playing poker online, Feel free to check that out if you want to learn more. Online Poker Is a Job One thing you should understand is that making a living by playing online poker means accepting that this type of activity is a job at which you have to perform exceptionally well to earn your wage.
Therefore, if you consider it just an interesting pastime, you might earn some and lose some, but you’ll not be able to make a living out of it. As soon as you understand that you have to devote your time, energy, and money to it, you are on the right track to become a professional poker player, Understand How to Earn from Online Poker Earning from playing poker means understanding the way money flows within this game,
The first thing you should take into account is that the majority of people play it for fun. Some might be good at it, but the reality is that many of them are fish. Aiming for fish is something that all professionals do, as that is almost a certain profit.
Players who understand how to play against new and inexperienced players have a firm ground from which they can take off and play poker. However, playing against fish is definitely not your main source of income. Once you have enough capital to invest in the game, you would be able to see higher returns.
Simply put, playing low-stake tournaments and cash games is not as lucrative as playing high-stake ones. If you’re good enough to beat opponents at high stakes, you can earn more money. One of the important things you immediately need to understand if you want to earn money from online poker is that variance shouldn’t affect you.
- Professional poker players know that they might lose their entire stack and are ready to make such a loss on a short-term basis.
- In other words, they accept that the element of luck is an inevitable factor in playing poker and that they will have periods when they lose more than they win.
- It’s Often Very Risky No matter how good they get, every professional player on the web who earns a lot of money this way is ready to risk.
When you think of it, the risk is an inevitable part of starting any business. In fact, it’s a part of life and, as such, it’s present in the game of poker. Imagine starting a business that offers products for professional athletes. You started it in December 2019 and your business began booming right away, as top-rated athletes have been buying your products.
Then, all of a sudden, a pandemic kicks in, pulling all sports events to a halt. You’re out of money, but that was the risk you were willing to take. The same goes for poker. Although pandemic might not really affect it, there are many ways that can make you hit the rail before you even start. The good news is that the more you practice and the more you study, the element of luck would have a lesser impact on your game.
You’ll Have a Lot of Studying to Do Being a successful online poker player is something that requires you to watch hundreds of videos and read dozens of books about poker. Poker is a simple game on the surface, and it’s definitely entertaining to play from time to time.
However, there’s a lot of theoretical knowledge that you have to acquire before you can call yourself a professional player. Many great poker players, such as The Godfather of Poker himself, have “written useful books “:https://www.goodreads.com/book/show/16572.Doyle_Brunson_s_Super_Systemthat are often regarded as obligatory reads for all players who want to go pro.
What the majority of these books deal with is mathematics, and the sooner you accept that fact, the better you’ll become. Playing poker on the web as a professional means dealing with a lot of numbers, stats, odds, and whatnot. It means being able to calculate the best possible outcome of your hand and make the mathematically most accurate decision.
It takes time to master that. I’m not talking about days or weeks — I’m talking about years and years of experience. You don’t really have to be a talented mathematician to do it, you just need to understand these processes right away and apply them to your online poker sessions. Final Thoughts: Professional Poker Is NOT for Everybody Like it or not — we’re born with certain talents.
Although I agree that the talent is 2% and hard work 98%, I also understand that those without that 2% of talent would never be able to perform at 100%. Sadly, earning in online poker to make a living requires being at the top 10% or at least the top 20% players on the platform you’re using.
To do that, you need to have at least some talent. But what exactly is a poker talent? It’s the skill of being able to read people and their actions. It’s sometimes more like intuition than a skill. This can be learned with time, but some people would require much more time to master it than others. Sadly, some players never master it.
Therefore, the best approach to playing online poker is to accept the fact that it’s not for everybody. It requires a specific combination of talent and hard work that only some people have.
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