(PRWEB) March 6, 2005
It's no secret that online poker exploded over the past few years - the secret is that thousands of college aged students are making six figures from it.
Today thousands of college aged kids are doing the impossible, wagering the unthinkable, and living the dream. Students are skipping class to play $15/$30 texas hold'em, making over $200 per hour, and are finding less and less of a reason to go to class.
How are they doing it? By doing their homework. The new breed of poker player mostly plays on the internet, is 18 Â 25 years old, and is most likely a male. Young players have the past 50 years of poker theory wrapped up in a dozen or so books, and tons of software to help model what a winning strategy is. These players are using community poker sites like http://www.neverwinpoker.com to communicate and discuss strategy. Most importantly, the modern poker player is taking advantage of the online poker room.
Astute players are making over $10,000 per year off sign up bonuses alone. For instance, if you open an account at Partypoker (http://www.partypoker.com/default.htm?wm=2012193) and enter the bonus code FREEPP you will receive up to $100 free on your first deposit. There are over 1,000 online poker rooms, and while players tend to stick to one room, most will give their action to another site for a week or two with the added equity of the bonus. Partypoker, for instance, runs deposit bonuses almost every month which will total thousands for each player in 2005.
Now for the part that will make you sick: New players are building their bankrolls from almost nothing. Affiliate programs such as the one run by Bryan Micon (bryanATpartypokerhelpDOTcom) allow anyone with poker friends to sign them up for their Partypoker account, and earn a percentage of the rake they generate. This part alone can account for tens of thousands of dollars per year for the young internet player.
Of course you must be good enough to beat the game. Winning just one big bet per hour at $15/$30 can make you well over $50,000 per year. Total all of those income sources up, and you have a six-figure 19 year old.