Multi-tabling with online poker and making a profit regardless of your limit
Have you ever signed into an online poker room and seen the same name on table after table and wondered how they could do that? A single individual may have 8 or more tables going at the same time! How can they keep track of each table and how can they possibly make money? Well, there are several reasons that this is possible and you will soon find that regardless of the levels you are playing, you can take advantage of the same things that the online pros do to make money by playing online poker.
The first thing that you have to consider is variance. By playing so many tables, you actually increase your chances of making a profit. It may sound a little crazy, but it is true. Have you ever sat at one table and got killed in a very short period of time? Then you go the next table and don’t seem to be able to miss a hand and want to know where this luck was earlier when you actually had money. By playing multiple tables, you are all but guaranteed that these single losses will be offset by the big win tables.
If you are playing on 8 tables, more than likely you will find that you have one table that you are not doing very well, another table that you are absolutely crushing people on and then the rest of them will be floating right around even. The moment that one table goes bad, you remain in action on the other tables and eliminate the bad table. You are now tilting the odds back in your favor. Simply go to another table and start playing there. Because of something we are about to discuss, you don’t need to make a lot of money on the table to be profitable; you just need to make sure you don’t take any heavy losses.
The next thing to consider is rakeback. This is percentage of the money that you contribute to the rake that gets returned to you at the end of the month. This alone is the reason why so many online pros make so much money when they play. Consider the fact that if you are sitting at 6 man tables where $60,000 in rake has been collected over the course of the month, 1/6th of that would be considered your contribution to the rake, or $10,000. Most rakeback sites will offer their players anywhere from 25-30% back on their rake. Worst case scenario here, you would be getting back $2,500 at the end of the month for doing nothing! This is as much as some people make at real jobs and you are getting it as a refund just for playing poker.
Whether you would consider this a good thing or bad is up to you, but the guesswork of playing is totally eliminated when you are playing this way. Every decision you makes comes down to pure odds. If they are there, you make the call. If they aren’t you fold your hand. Even with tracking software, you are not going to have the time to evaluate the players or figure out if they are making moves. You are going to have far too much going on. However, this is where most amateur poker players make the most mistakes. They are trying to be the next Doyle Brunson and end up outplaying themselves with foolish moves. Leave it up to the numbers and you will be surprised at how often it works out in your favor.
Playing this many table is never an easy thing and you are going to have to work your way up to it. I would also recommend that you do this at much lower levels than you play on playing at permanently. This is going to allow you to absorb those inevitable mistakes that will happen as you are learning to juggle 8 tables at the same time.
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