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There is a dirty little secret going on in the online poker world that individuals do not want you to understand about. Almost every professional player knows concerning this secret and they’ve found a way to make the most of it. So can you.
Lots of people are unaware that any time you play online poker the poker room takes a small fee out of each pot. According to their rate structure it might be as much as 5% of the pot value. That fee is called “the rake.”
But that is not the big secret. The big secret is that you can get a large number of that money back!
Online poker is a massively profitable business. Top poker sites turn over ranging from $1 million – $3 million a day. Their biggest cost is acquiring new customers. One of the ways they get new customers is to pay webmasters to put ad banners and links on their own sites to entice you to play on that particular poker site.
Although the webmasters aren’t stupid. They know that the individuals they’re sending to the poker room might generate hundreds or thousands of dollars in fees or rake and they’ve shrewdly negotiated profit sharing deals with the poker sites. In lots of cases the webmasters will be earning 35% or even more of the fees/rake you generate playing on the poker site. And not just for a month or a year but for as long as you are a customer!
But then the leading players – people who generate sometimes tens of thousands of dollars in rake each month (yes, there are actually people paying $30,000+ per 30 days in rake every month) – started to wonder why these webmasters were making all of this money when the player was the one actually generating the rake.
The greedy webmasters didn’t want to give up any of their cut and so they threatened the poker rooms to keep quite about the amount of money they were making. Though the smart players already knew. And several of them decided to produce a new system.
What they said was, “Hey, I’ll be a webmaster too. And if the poker room is paying me 35% I will give 33% back to my players and keep only 2% for providing the service.” Generally, in the event that you do the math, visit the up coming website very best level guys generating $30,000 a month in rake all of a sudden were receiving a windfall $9,900 a month back! That’s over and above anything they might have won at the table, bonuses the site may have offered, or some other perks the site might have offered them for being such a good customer.
Now lots of people are reading this and believe that there is no way they may generate $30,000 a month so it’s only profitable for the big guys. Actually, anybody can sign up at these sites. Regardless of how big or small a player they are.
And one does not need to play at Phil Ivey nosebleed stakes as a way to make a respectable income from playing poker. By way of example, if you play $1/$2 NL poker and also can play four tables at a time (which is extremely doable with some practice) and play 42 hours every week, you could make approximately $76,000 a year just on rakeback. Even when you never won a penny at the tables you will be getting about $76,000 a year back.
That is not only a bad living for some people. And if you play higher stakes, more hours, more tables, or actually win money playing poker then your total annual take gets even larger.
Imagine no boss, no commute to the office, no grinding away for some employer who shall sack you the second sales drop. You’ve got the freedom to work when you want and as much as you want.
But if you had to do it just on your winnings alone you could never get there. You could have to play either very high stakes or for so many hours that the majority of people would burn out. All thanks to rakeback, being a professional poker player is in the reach of nearly everybody.
