Can You Go From Rags To Riches Playing Poker?

You will probably have read about various different players starting off with slightly little and going on to make a fortune from playing poker. In this article I'm going to be discussing whether anyone could potentially follow the same path themselves.

Well in theory you do not even need to start off with any money at all to become wildly successful. In theory you could do what a lot of new players do when they sign up to an online poker site, and that's taking part in freeroll tournaments.

This is a great way of getting tournament experience and is also a way of building up your bankroll because a lot of these tournaments offer some prize money for reaching the latter stages of these tournaments, even if the amounts are relatively small.

Over time as you become a more accomplished tournament player, you will hopefully have built up a bankroll and you can then either continue playing freerolls or make the step up to real money cash games and tournaments.

By taking part in these real money games you can potentially grow your bankroll a lot sooner simply because there's more money to be won.

One thing to bear in mind though. You have to slowly advance to the next stages of your poker career otherwise you're in danger of blowing your bankroll completely and having to start again from scratch.

Everyone goes through bad patches, even the pros, so make sure that as soon as you have built up a decent sum of money, you only risk a small percentage of this amount entering gaming tournaments or taking part in cash games. In poker money management is everything if you are going to successfully grow your bankroll over time.

As your bankroll grows you can take part in higher stakes games and grow your money faster if you're successful, but always make sure you do not risk more than you can afford to lose, and allow for a possible losing streak, so you have more than enough money to hopefully recover.

The internet has of course produced many of these rags to riches stories, simply because online poker is so convenient and you can play 24 hours a day if you so wished honing your skills as much as you want.

You only have to look at Chris Ferguson, one of the top poker pros, who has recently been trying to turn nothing into $ 10,000. He began by playing in the freeroll tournaments and amazingly he's managed to not only achieve this goal but do even better than this. Starting off last year, his current balance stands at just under $ 23,000 at the time of writing.

There are many others who have achieved similar success so it's definitely possible for people to make a lot of money from poker starting out with very little, or even nothing in some cases.

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Source by James Woolley