1. Is It Possible To Make A Living Off Online Poker Sites
2. Is It Possible To Make A Living Off Online Poker Tournaments
3. Is It Possible To Make A Living Off Online Poker Real Money
4. Is It Possible To Make A Living Off Online Poker Games

Playing poker for a living is a roller coaster in every metaphorical way. It was a no-brainer since I could play online poker from anywhere in the world with Internet. This rubs off on. I have never met a poker pro that was able to sustain a 'living' from grinding live low stake donkaments. Besides the juice being insanely high, the variance will kill you. With online play, you are able to make up the variance by playing a lot of volume. When I grinded 180-mans and MTTs online I was playing 20 - 40 tournaments a day.

Video poker is one of the best ways to make a living in a casino. That may seem impossible to the average person that only gives action to small casinos or the Las Vegas Strip. There are thousands of advantage gamblers in the world that make enough to support them from video poker play.

Basic Strategy Imperative to Learn

Learning the basic strategy of any video poker game that returns at or near 100% is the first step in making a living playing video poker. Our video poker section shows the best play for the types of five-card hands that are dealt in video poker. It is imperative that you not use these plays on machines that do not offer full-pay tables. Some of the moves will change if a full house or flush pay lower than the 100% games.

It is one thing to know how to play. Most casinos do not offer 100% games, and when they do, they are usually for VP games that are tougher to learn. It is nearly impossible to find one on the Las Vegas Strip. A couple of Atlantic City and California casinos offer these. Check out VPFree2.com to find out if the casino that you are visiting offers good video poker pay tables. If they do not, you should not expect to win unless you get lucky.

Getting Video Poker Comps

The Las Vegas locals market is the best place for quality video poker in the world. There are more than 100 video poker machines in Lad Vegas where the pay table returns more than 100% when five coins are wagered. Some games, like 10/7/5 Double Bonus and 10/6 Double Double Bonus, are offered in denominations as high as $1. Full pay Deuces Wild and Joker Poker are common up to the $.25 denomination. These machines also add 0.05% to 0.1% in cash back on the play when a rewards card is used.

It is possible to get mailers with more free play if you give a little action to other games on a visit. This is known as cover play and may help keep you from getting backed off. This type of play can generate offers that may otherwise be withheld.

The cash back is just a sliver of the overall return that can be added to video poker. Expert players know there are promotions that can return far more than a small fraction of a percent.

Many casinos offer point multiplier days. Players that pay attention to mailers or log into players club sites will see special days where more points are awarded. This can be anywhere from three times to 10 times the normal amount. The catch on point multiplier days is that they normally do not apply to the games that return more than 100%. Point multipliers do apply to games that return just under 100%. The goal for the video poker advantage player is to find a game like 9/6 Bonus Poker Deluxe at a Boyd Gaming property or Triple Bonus Plus and Not-So-Ugly-Deuces at a Station Casinos’ resort.

The points can be converted into comps at Boyd at full price or free play at two-thirds the value. Station Casinos points are redeemable for cash back. This requires a visit to the Boarding Pass players center. Free play may be claimed directly on the machine, except for the 100% games.

Some casinos hold drawings based on the level of play during the promotions period. This can be a few hours, a full day, or a week. Every so many points receive one ticket into a drawing with these promotions. Winners can receive free slot play, cash or big prizes like a car. Another form of promotion along these lines is hot seats. That is where an active player is declared a winner from the promotions system. These types of drawings are typically awarded every 15, 30 or 60 minutes.

These types of drawings and hot seat promotions are more common at smaller casinos. The problem is that sometimes there are few or no video poker games worth playing. Video table games are often a great alternative at casinos without quality video poker. Those devices often participate in promotions.

Progressive Video Poker Jackpots

Progressive jackpots are one of the better ways to advantage play video poker in markets where there are no full pay machines. Casinos in remote areas with little or no competition often offer progressive jackpots on a royal flush to entice players to give action to machines that are otherwise give poor returns. These do not always hit when they should and can run up well into positive expectation, especially when combined with other promotions. These can be few and far between.

A 7/5 Bonus Poker game with a progressive would require a royal flush progressive of just over $2,000 to return more than 100%. The same goes for 9/6/5 Double Bonus and 9/5 Double Double Bonus. These are the most common progressive jackpot games. Keep in mind that any jackpot of $1,200 or higher will generate a W2G tax form.

Video Poker Quality Not What It Used to Be

It was much easier for an advantage player to make a living during the 1990’s. That is because the pay tables nearly all returned more than 99% during that era. The reason for this is because sites like Wizard of Odds did not exist. Players had to learn video poker strategy on their own without the help of experts and computer programs.

Some casinos still offer these machines from decades ago. Many are found in Las Vegas. Downtown casinos like Plaza, Main Street Station, Fremont, California and El Cortez spread coins from nickels to dollars. Locals’ casinos like Jerry’s Nugget, Poker Palace, Sam’s Town and Railroad Pass also have coin games with great pay tables.

Without a doubt, the number one question we get asked in regards to betting
online is “How do I make money gambling online?” The answer as you might expect
is not a simple answer. While we wish we could just tell you to “do x, y, and z
and you’ll be rich,” it’s just not that simple.

Making money online comes down to game selection and having clear
expectations of what you’re doing. The opportunities are huge, and there are
millions and millions to be made if you look in the right spots. Lucky for you,
we’re going to do our best to educate you and point you in the right direction.

The best way for us to approach answering this question is to answer it
individually for each different type of online gambling/betting that exists.
Specifically today we’re going to look at sports betting online, casino/table
games online, and skill-based online games. There are a few other obscure forms
of gambling online that do exist, but these main categories should encompass
almost all of the major types that are out there.

As a spoiler, I can tell you that it is possible to make money at each of
these, though, some will depend solely on your luck while the others are
sustainable based on your skill and abilities. The difference is going to come
down to whether the game is a luck based or skill based game. Let’s clarify the
difference first before we dive into each individual type of online gambling and
how to make money at it.

Luck vs. Skill

If you’ve ever hung around a casino or talked to gamblers before, you’ve
probably heard someone at least once tell you that they had a system to beat a
certain game. It might have been craps or roulette or maybe even blackjack. The
problem we always noticed when we heard this from someone was that they were
broke or were not rolling in the money. If they truly had a system to beat a
casino game, wouldn’t they be doing it 24/7 and living the high life?

The real reason they don’t do this 24/7 for a living and aren’t living the
high life is that
most casino games are luck based. Luck based games are games
where the house has the edge. This means that there are no super secret systems
out there that can beat these games outside of cheating. Does this mean you
can’t make money at them? Of course not. All it means is that in the long-run
over thousands and thousands of hands, spins, or rolls, the casino is going to
win.

This means you can most certainly make money in the short run. Many gamblers
go months and sometimes years winning at games. The thing to note, though, is
that this is a statistical anomaly that will correct itself. In the end, the
casino will ALWAYS win at luck based games. There is a silly cliché phrase
that explains this:

Spotting a luck based game is easy. If the game is run by a casino (live or
online) and you are playing against the casino and not versus other players,
this is a luck based game, and they are going to have a long run edge. Again,
you can still make money playing these games (and lots of it), but in the long
run over thousands and thousands of games, the casino will ultimately win.

Skill-based games, on the other hand, have no house edge. These games are
ones where players compete against each other instead of against the house (the
casino). The casino will take a small fee for facilitating the game, but
ultimately it is up to the players who wins the money.

Skill-based games are sustainable ways for people to make money long-term. If
you are good at a skill based game and can continually get people to compete
against you, you can make a full-time living playing the game. These games are
easy to spot as they are games where players are competing against other players
and not the house.

Making Money Online Playing Casino Games and Slots

We have some good news, and we have some bad news when it comes to making
money gambling on your favorite casino games and slots. The bad news is that
online casino games and slots are games of luck that the house will always have
a long-term edge on. The good news is that regardless of this, you can still
make a lot of money at them!

Addressing the bad news first, you need to realize that there is no system
out there to “beat” online casino games to make a living playing them. You will
never be able to be a professional slots player or a professional roulette
player or anything like that. Ultimately, the casino edge and statistics are
going to prevail, and the casino is going to win. Understanding this is
imperative to have a great time playing these games online.

Regarding the good news, though, this does not mean you can’t make money
playing online casino games and slots. First, the casino edge is only for the
long term. The long term usually means hundreds of thousands and millions of
spins of a slot or roulette wheel or hundreds of thousands of tosses of the
craps dice etc. You may play the games and never ever experience the long term
statistics correcting themselves. The casino edge on most games is only a couple
of percentage points meaning you can totally have major winning sessions and
runs.

An Analogy to Help

Imagine this analogy. There are two bettors, you and a friend, who are going
to bet on the flip of a coin. You are going to take turns flipping the coin with
you allowed to bet on every flip. If the flip is heads, you win your bet. If the
flip is tails, you lose your bet. You do not have a choice; you have to bet
heads every time.

We all know that coins are going to land on heads 50% of the time and on
tails 50% of the time. Let’s say we alter the coin a little bit to make it more
like when we are betting against the casino giving them an edge. Let’s say that
this coin lands on heads only 48% of the time and on tails 52% of the time.
This represents the long-term edge that the casino is going to have.

You and your friend start flipping the coin and placing your bets against the
house. You each get to flip the coin 50 times. If everything happened without
any variance, you both would get heads about 48% of your flips and lose a tiny
bit of money to the casino over the course of the flips. But variance comes into
play. Variance says that over ALL 100 flips about 48% will be heads, but it
doesn’t necessarily say which of you two are going to get more or less of the
heads in the short run.

It’s possible that you get heads 48 of your 50 flips and your friend gets
heads zero times in their 50 flips. At the end of the day in the long-run, the
casino is still making money because it is winning 52% of its bets, but you’ve
made an absolute TON of money. The point here is that most recreational gamblers
will be operating in the short term for most or their entire gambling career.

Jackpots

Part of the way that this variance spreads itself out is through jackpots.
Not all players are going to win jackpots but if you do win one you can bet that
you’re going to be a lifetime profitable gambler (depending on the size of the
jackpot of course). Jackpots still fall in line when it comes to
statistics and house edge, but that doesn’t mean you can’t be one of the players
to fall outside of the statistical norm and strike it rich!

Bonuses

One way to fight back against the house edge and a lot of times turn it in
your favor (at least temporarily) is by
taking advantage of bonuses. Bonuses, as
you may already know, are free money/free spins/free play that online casino
sites will give you to try to attract your business. A lot of times the benefits
of these bonuses will turn the odds in your favor while you are using the bonus.

Of course, they won’t give you the bonus forever because they would lose
money and have to shut their doors. But in the short term, you can definitely
take full advantage of these promotions and clean up some easy cash. It’s also
of importance to note that there is no reason you can’t jump between a few sites
to take advantage of different promotions.

This is a lot like going to a different grocery store for a week because you
have a coupon for something. There is nothing unethical about it, and the sites
actually would prefer you use their promotions. The reason they run the promos
is to get you in the door to try out their product in hopes that you will stay
or make a change from your home site.

Is It Possible To Make A Living Off Online Poker Sites

Making Money Online Sports Betting

Sports betting is a complete 180 the other direction from online slots and
table games. Sports betting is a skill based bet (depending on the bets you
choose). While you might think you are betting against the house, they are
actually manipulating lines so that you’re basically betting against other
players and they are taking a small fee for facilitating the bets. With proper
skill and a sharp eye, you can make a living as a sports bettor. Is this
difficult? You bet your butt it’s difficult but it’s completely possible, and a
lot of people do it every day.

So how do you make money online betting sports?

Simple. Join a sportsbook and
start making correct picks. Start with a sport that you know well and do
extensive research. If you can come up with a system to properly predict games
and outcomes, you can be a successful sports bettor.

One thing that is extremely important to point out is that you have to choose
the right type of sports bets or you’re going to be placing luck based bets
instead of skill based bets. As you may or may not know, you can bet on a lot
more than just who the winner of a game is going to be. You can bet how many
points will be scored, how many times they will do something, who will score
first etc. Some of these bets will require research and skill to make a correct
pick, and some are just going to be dumb luck.

Is It Possible To Make A Living Off Online Poker Tournaments

Here are two different sports bet as an example. One is a skill based bet and
one is a luck based bet.

• Will Rob Gronkowski score more or less than 1.5 touchdowns in a game?
• Will the final score of the Patriots be odd or even?

As you can hopefully see, the first bet would require you to have strong
knowledge of how Rob Gronkowski is going to perform in a game. You would have to
look at the defense he is up against and predict the game plan of attack the
Patriots employ. There is a lot of skill that goes into picking this bet and the
more knowledgeable and skilled you are, the better off you will do. This is an
example of a skill based bet that you could profit from long term if you were
sharp enough.

The second bet about whether or not their final point total is odd or even is
really just dumb luck. You could make some crazy argument that you can predict
the exact game flow and how many points they score, but in reality, you are just
guessing. This is an example of a luck based bet that you can still make money
off of but it is not sustainable long term. As long as you’re aware of this,
have at it!

It’s important to point out that these bets are not segregated or separated
at all when you go to the online sportsbooks. The luck based and the skill based
bets are all going to be listed side by side, and it’s up to you to be able to
decipher the difference. Honestly, it should be easy to tell the difference by
just taking a few minutes to pay attention to what you’re betting on. If it is
something that you are struggling to find data and information to support your
pick, it is probably a luck based bet.

The Beauty of Line Shopping Online

One of the easiest ways to make MORE money online with correct sports betting
picks is through line shopping. Line shopping is a strategy that is not possible
with brick and mortar casinos due to logistics and has really only become
popular thanks to online sportsbooks. Line shopping is the process of checking
several different sportsbooks to get the best odds and payouts possible for your
bets.

You just can’t do this in real life unless you live somewhere like Vegas
where you have a ton of different sportsbooks right next to each other. Even
then, most of the books there are interconnected, so the odds are going to be
the same at all of them. Online, though, you tend to see a lot of greatly
varying lines for the same bet.

Let’s say you are planning to bet the Miami Heat to beat
the Golden State Warriors on the moneyline at +150. Let’s say you’re totally
confident on this bet and you think it’s the easiest bet in the world. Is this a
good bet for you to make?

A better question would be, is this the best bet you can make? If you were to
take a few seconds and line shop another online sportsbook, you would see that
one is offering the same bet for +170. This is the exact same bet except if you
place it at the second online sportsbook you will get paid out more money. If
you bet $100 and the Heat win, the first sportsbook will pay you $150 in profit
and the second will pay you $170 in profit.

By simply taking advantage of the technology that comes with betting online,
you can make MORE money on a correct pick just by taking a few seconds to check
a few different sportsbooks. We can assure that this is not a rare occurrence to
find varying lines. It’s actually a fairly common occurrence to find different
lines, and it can greatly affect the amount of money you make betting online.

Making Money Online Playing Skill-Based Games

You may notice that in the title of this section it does not say anything
about “gambling.” This is because gambling refers to placing wagers on a game of
chance that you have no control over. Out of all the different bet types on this
page, these are the ones that you have the most control over. Skill-based games
are games that pit two or more players against each other. Skill-based games are
NOT played against the house, but as we stated earlier, the house takes a small
cut for facilitating the game.

Skill based games can 100% be played for a living as long as you can continue
to get people willing to play against you. While some of these games do have an
element of luck, the majority of the game’s outcome is determined by skill. This
means that a worse player may win a few games in the short run, but the better
player will always win out in the long run.

For example, if you get your money in the middle playing Texas Hold em poker
(a skill based game) with pocket Aces against J-10, you’re supposed to win that
hand based on the statistics. However, it is entirely possible that you lose
that hand in an unlucky fashion. If you continue to get your money in
significantly ahead, though, statistics should even out, and you should make
money in the long run. Though you might lose in the short run, you will prevail
in the long run.

Some of the most popular skill games you can play for money online are:

For more information on playing these games online, here’s a guide we’ve put
together for you:

Is It Possible To Make A Living Off Online Poker Real Money

The Bottom Line of How to Make Money Gambling Online

Is It Possible To Make A Living Off Online Poker Games

Hopefully, if you’ve read until this point, you have a pretty strong idea of
the different options you have when it comes to making money gambling online.
Depending on whether you’re just looking for some recreational fun or a way to
make a living, we’ve given you several different options in both directions.

Remember, be realistic with your expectations and don’t try and make a career
out of a game that you are not statistically supposed to win long term at.