Can people make a fair amount of onlinepoker?

Mr Jack said:
My brother writes software to play online poker. He reckons that at least one or two seats at every low stakes table is taken up by a bot, and that it's not uncommon to have tables where every seat is taken by a bot.
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and if those bots were any good they'd be able to play at higher stakes...

the better sites crack down on bots, others turn a blind eye to them - I'd be more worried about collusion online than botting at the moment
 
Greebo said:
If you are good and patient, then yes you can do alright.

Reason i say patient, is that a few years ago after a monster 9 hours playing and about 4am in the morning I stupidly called allin when I was 3rd place chip leader out of 11 people.

I had AA and the flop was AKJ. It turns out I was up against KK and JJ. There was a K on the river and I lost all my chips to the chip leader.

Sadest thing was due to the length of time playing and my tiredness, I hadn;t realised we were down to 11 players. The top 10 players all got a $20,000 ticket plus accomdation and spending money to the WSOP in Las Vegas :(
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SO the JJ was 2nd place in chips at time of all in?

Otherwise you would have been 10th, he would have been 11

Also to OP, just play, you know some people have become billionaires writing a simple program, some people are bankers and some people make money on poker, is it possible? Yes, but nearly everything is possible.
 
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I did this seriously about 7-8yrs ago. It was brilliant back then. I eventually stoped enyoying it about 4yrs ago. I much prefer playing live cash and the odd tourney now and then. I was multi-ing 12 tables playing 8hrs a day at some points...I basically just turned into a machine.

Two things you need: Discipline & patience.
 
dowie said:
and if those bots were any good they'd be able to play at higher stakes...
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Indeed.

the better sites crack down on bots, others turn a blind eye to them - I'd be more worried about collusion online than botting at the moment
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The better sites aren't effective in cracking down on bots, even if they are trying. There isn't a poker site out there which doesn't have swarms of bots playing and, ultimately, why should the site care that much? They make money from every bet regardless of who places it.
 
I started playing poker when I was also at Uni.

A huge percentage of success is about bankroll management. Unfortunately I never had it, and very few do. The problem comes with chasing.

I played for about 4 years and got into the world series of poker 2006, from a $1 tournament which gave entry to another three tournaments which I won online.

Biggest pot I've ever won is over $10,000.

Biggest pot I've lost and all my losses over the years far exceeds this. I lost it due to bankroll management alone.

My advice is that if you every find yourself chasing, get out and do something more constructive with your time at university. I appreciate not everyone is like me, but dont try and approach it as a money making scheme and you'll be alright :)
 
Mr Jack said:
The better sites aren't effective in cracking down on bots, even if they are trying. There isn't a poker site out there which doesn't have swarms of bots playing and, ultimately, why should the site care that much? They make money from every bet regardless of who places it.
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What a load of tosh.

Games run around recreational players ("fish"). If there are no fish then there are no regulars. If the games are swarming with bots, the fish will leave and play somewhere more fun, and the regulars will follow. Before you know it, you have an empty site. So yes, sites care very much how they make their money.

The detection process, however, often leaves much to be desired. But fortunately, players are smart these days and report bots to the sites, quoting relevant statistics etc. I have been involved in several of these outing processes and within a short period of time the accused have always been dealt with.
 
I have a friend who has dropped out of Uni to just focus on online poker, lives american hours in the UK and makes about 30k per year.

Has no life though
 
BigT said:
I know some people who make money on online poker, but there are some general rules of thumb that make it quite tedious to start with. As mentioned earlier it is all about bankroll management. Here's advice I've been given over the years;

1. If you want to make a steady income then you need to be playing cash games, not tournaments.
2. You need to be sure that on average, you have an edge over most players at the level you are playing at.
3. To ride the peaks and troughs of luck then you need to have a bankroll that fits the following criteria in my opinion: A good player wil come out with about four big blinds an hour profit. You'll want 100BB as your stake to sit down at a table to play a decent session and cover off a bad run. Then to counter a long losing streak you probably want 50x the stake in your bank set aside for poker alone.

Bearing all that in mind, to be safe, and assuming you have an edge then the maths means you need a fair bit of capital to start up properly. Say you want to earn £20 per hour (equivalent to about a £40K a year salary working 7.5 hours a day, 5 days a week). You need to be playing cash games with a £5 BB. That means you should have £500 set aside to sit at the game and about £25K in the bank set aside solely for playing poker.

Of course this is a "safe" way to try and build up through the levels, but while I love the game if I were working the equivalent to a full time job I'd grow tired for that much money. I'd need to be playing in a 10/20 game and that needs £100K in the bank to do safely.

Generally people can accelerate this by having a good run and getting lucky or multi-tabling (and that only accelerates the time and doesn't negate the need for the bankroll). I'd love to play pro as I've had some success in the APAT World Amateurs and in Vegas, but I'd be bored putting in the necessary hours and don't have the bankroll to do it properly.
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I need to thanks you for you advice on playing just cash games. Since yesterday evening I've played over 300 hands. In that time ive gone from $15 to $130!!

Cash games is where its at
 
Mr Jack said:
The better sites aren't effective in cracking down on bots, even if they are trying. There isn't a poker site out there which doesn't have swarms of bots playing and, ultimately, why should the site care that much? They make money from every bet regardless of who places it.
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interesting - you got any evidence of swarms of bots playing on pokerstars?
 
Meaning you can't conclude much at all from a sample of 300 hands - you might well turn out to be a long term loser in that cash game but have experienced positive variance over your small sample yesterday.

Also the assertion by the previous poster is incorrect - people can and do consistently make money from tournaments whether single table or larger...
 
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