When I got into poker in the early 2000’s the game was relatively easy to beat, and as the Poker Boom hit its stride in the mid 2000’s the game was even easier to beat. But that isn’t the case anymore, the general skill level of the average poker player is much higher than it used to be, and the study aids are far better and far easier to find than they used to be. Because of this, I would caution anyone who thinks poker is viable way to make a living in 2013 and going forward.
The beauty of poker in 2001 was that a good player was so superior to their competition that winning was almost guaranteed month-to-month and perhaps even better, variance was extremely low –the idea of a 300 big bet bankroll for limit games was almost laughable. The downside was that games were hard to find and game selection wasn’t about which Limit Holdem table to choose, but whether you should play in the one $5/$10 Limit Holdem table or play $5/$10 Seven Card Stud.
By 2005 the game was even more profitable thanks to a huge influx of new player, but it also became a lot more swingy as aggression was ramped up and even the newer players started coming in with some sort of knowledge on the game’s strategy.
By 2008 the game had already started to take a monumental shift. The gap between winners and losers had shrunk dramatically as more and more books were published and poker forums grew in prominence, not to mention the new training methods like online poker training sites and software like PokerStove, PokerTracker, and SitnGo Wizard readily available.
In today’s poker world the new players entering brick & mortar cardrooms and depositing on online poker rooms has grinded to a halt, and the chasm between the winners and losers has shrunk even further. With less of an edge players are making less profit and players have cut-back on the stakes they are playing. The final problem for the players who are trying to make a living at the poker tables are facing is that with less of an edge there is much higher variance. Player used to beating the game for 3 or 4 Big Bets an hour have seen their win-rates reduced to under 1 big bet an hour, while at the same time they have had to drop down in stakes, sometimes drastically.
So if poker looks like a fun and exciting way to make a living (hey, look at guys from five years ago who made millions; I CAN DO THAT!) you might want to rethink that assessment. Poker has undergone a radical change in the past decade or so, and even another mini-poker-boom is unlikely to bring about another 2006 poker world, where money was ripe for the picking. Players are simply to educated and to close in skill level for the poker economy to sustain as many pro players as it did just five years ago. Try the new bonus from Titan Poker. Introducing the new loyalty program Rakeback Titan Poker! Click the link for more information.
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