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Are You Ready to Play Online With Real Money?

NO YOU ARE NOT!

Did you know that less than 10% of online players actually make money? I found out the hard way, and I'm hoping this article will encourage you to prepare yourself before you throw your hard earned money away.

You should NOT be playing online poker for real money unless, at the VERY MINIMUM, you understand the concepts of Bankroll Management and Calculating Outs & Odds. If you have been playing online, or your are considering playing online, and you do not understand these concepts, I would say you are either ignorant (like I was when I started), or you have a Gambling Problem.

Here's how things went for me when I started playing online:
  • Like a lot of first time online players, I watched poker on TV, saw an ad for Poker Stars, signed up, and deposited $100.
  • My first mistake was playing $10+1 single table sit and go's. I should have AT LEAST had a $200 bankroll to play these stakes.
  • My other first mistake was not understanding the mathematics involved in poker (calculating outs and odds).
  • My second mistake was not knowing that I should be taking advantage of deposit bonuses - Poker Stars gave me nothing.
  • A few weeks later I lost all my money.
DON'T MAKE THE SAME MISTAKES I DID!!!

You should also ask yourself why you want to play online poker.

You want to make money? As a recreational poker player who's never played online before, playing to make money is the wrong reason. First of all, you should not be allocating too much money to your online bankroll as you have very little expereince. So lets say you decide to deposit $100 online and buy in to the .05/.10 No Limit Hold'em cash game tables with $5. Thats great, you are responsibly managing your bankroll! Unfortunately the reality is that you will be grinding it out for hours, and you're not going to make any significant amount of money.

You want to play for fun? Online poker is NOT FUN, it is BORING. OK maybe it is fun when you pull off a big bluff, or double up, but how often do you do this? The majority of the time you spend online is a boring grind. In my opinion, online poker feels more like a job.

So why should you want to play online poker? I believe there is only one answer to this question: Experience. You enjoy the game, and you want to improve at it. With this attitude, you will get a LOT of experience, your game will improve, your bankroll will grow, and eventually you will be playing to make money.

If you are still interested in playing online, please read Home Poker Tour's articles on Bankroll Management and Calculating Outs & Odds.

Do you want to advertise here for $100/month for a minimum of 3 months? If not, don't bother contacting HPT about advertising. Have a nice day!


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