Hi there,
Assuming that you are looking for a way that does not require any
specialized skills or connections, the most consistent way to reach
that income level is through online professional poker playing -
specifically, Limit Texas Hold'em.
Online poker is rapidly growing in popularity and everyday, hundreds
of thousands of players are contributing money into the pool. Limit
Texas Hold'em, however, is a game of skill and technique, so most of
the money goes to a small number of people who know what they are
doing. It was estimated that 90% of online gambling money at a
popular poker room ultimately goes to 10% of the players.
Because this is played online, the game itself becomes very systematic
and mechanical enough for anyone to play perfectly. Having written a
research paper on this topic, and personally knowing several online
professionals, both mathematical and empirical data points to the
conclusion that the winnings will be consistent, and the level of
income depends on the stake that is played.
In order to set yourself up to become a part time professional online
poker player, you will require 3 things that all successful and
consistent professionals have:
1. Poker Tracker Software
This software is crucial for any aspiring poker professional. It is
also very inexpensive, for only $55. It tracks every useful
information, including how successful you are in various situations,
as well as the characteristics of your opponents.
2. Bankroll
With the current capital ($5,000) it will be very risky to play stakes
high enough to earn $1000 in 5 hours. Since we are speaking in terms
of safe, consistent income earning way that professionals play,
initially, you will have to start at lower stake, earning 2-300
initially and moving up in stakes as the bankroll becomes larger. If
you put in time every single day, it will not be long before you are
able to sit at stakes that are high enough to earn your desired income
rate.
3. Skills and Technique
Here is the most difficult part. At this point, I will assume that
you have no knowledge, or at the very least no accurate knowledge, on
how to play at a professional level online.
As I've mentioned before, it is highly mechanical and there are exact
steps outlined for what to do in each situation.
For example, for starting hands, the following is the system that many
professionals follow:
http://www.maxlin.ca/jas/bone/references/texts/StartingHands1.xls
If you have no idea how the game is played at all, you do not need to
worry - Texas Hold'em is a game with relatively simple rules that can
be learned very fast. The expert moves and strategies, however, will
need to be taught by an established professional with a proven track
record.
While there aren't many professionals that are willing to train/tutor
new players, there are few who are generous enough to do so. One such
professional that I've met during my research was Roger Smith. You
can contact him directly at: rsmithco(a)gmail.com (replace (a) with @
when emailing please). Training is typically inexpensive, and the
investment will leave you with enough capital to play profitable
stakes. They will inform you the pros and cons of different poker
sites online, exact steps on how to set yourself up, etc.
The above 3 conditions illustrate the most known consistent, safe, and
confirmed way of earning high income online without any specialized
skills or connections. It will require patience and commitment - the
fact that the game is mechanical means that it is easy to learn but
also means that it will be quite boring to do every single day.
You can also read about professional poker playing on various websites
such as the one below. They usually lack enough information to be
useful, but provide an interesting read.
http://www.pokertips.org/strategy/going-pro.php
Please feel free to ask for clarification on any part of the answer,
and I would be happy to assist you further.
Cheers,
Tox-ga |
