Making good money in poker....

Basically you can choose cash tables, sit and go tournaments or multi table tournaments. I believe it is best to specialise in just one field. This doesn't by any means mean stick to just one of them, just only play a small percentage of your play on the other fields. Or if you feel you are on a bit of a bad run change discipline.

The biggest earners will always be cash table players as the stakes are highest and you get too play many more hands than any other areas of poker. Naturally the biggest cash winners will be those who play heads up, once again because they will be playing at least 5 times more hands over the same period of time that somebody will play in the ring games (6-9 seats). The downside is that if you struggle with money management you will find it difficult to succeed. One simple way to NEVER go broke on cash tables is never ever buy in with more than 5% of your bankroll, or 10% if you are a bit of a chancer. Such a simple but effective strategy yet lots of people who struggle with money management wont stick to it.

Multi table games are where people will easily get the highest returns for their investment (donation!). For example my friend qualified for a game last week for $30 where the entry fee was $2500. The final place was 40/3000 for $25000 and with a little more luck first place and $1,400,000 was possible (off the top of my head thats a return on investment of approx 46,000%). Also for those who are not good players or play for fun a multi tournament is there best chance of success. Some bad players often get lucky in these and take huge scores down. The disadvantage is if you are a fulltime poker player and rely on multi tables you may have some barren spells. One way to avoid this is to put a few hours a week aside to play another discipline to get some regular money in. Also this will boost up your rakeback for the month.

Sit and go tournaments are an area where I specialise in, 2/6/9 player games with regular/fast/super fast blind structures I feel that I am easily one of the best in the online world at. One of the reasons for this is the fact that so many people just have awful strategies in these. Many areas of the way I play are not mentioned in any book and I feel that players who follow advice from poker books on these will struggle to make much profit. For 6-9 seat games I am sure that my ROI (return on investment) is around 50%. This is an astronomically high figure and most people will be more than happy with a 20% ROI after fee paid to the poker site. The downside to these games are that most people simply don't have a good strategy and therefore unless at the highest stakes can never get a high enough ROI to make it pay playing sit and go.

Money management really is essential, if somebody has a good job and also makes good money in their spare time from poker be happy. If you feel that you will make more money by quitting work and playing poker fulltime remember there will be much more pressure involved as if you don't win you can't pay the bills. So really consider all possibilities before you take the leap. Also if you play fulltime it is a lot harder to play your best game which you will do much more if you are a recreational player. Be strict with your money or be broke. If you are losing at a game that you would usually beat the answer is not to move up in stake, but to continue playing the same game as it is just variance and all pretty much evens out long term.

That is all for now, just remember in poker money is your tool. Take good care of it and it will look after you.