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There’s a dirty little secret going on in the online poker world that people don’t want you to learn about. Nearly all professional player knows concerning this secret and they have found a way to benefit from it. So can you.
Many people are unaware that whenever you play online poker the poker room takes a small fee out of each pot. Based upon their rate structure it may very well 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 the fact that you may get a large portion 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. Among 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 specific poker site.
Though the webmasters aren’t stupid. They realize that the people they may be sending to the poker room might generate hundreds or thousands of dollars in fees or rake and they have shrewdly negotiated profit sharing deals with click through the following page poker sites. In several cases the webmasters are earning 35% or even more of the fees/rake you generate playing on the poker site. And not simply for a month or possibly a year but for as long as you’re a customer!
But then the leading players – men and women who generate sometimes tens of thousands of dollars in rake each month (yes, you can find people paying $30,000+ every month in rake every month) – started to wonder why these webmasters were making all of this money in the event the player was the one actually generating the rake.
The greedy webmasters did not want to give up any of their cut and so they threatened the poker rooms to keep quite about how much money they were making. Although the smart players already knew. And lots of of them decided to produce a whole new system.
What they said was, “Hey, I will be a webmaster too. And in the event the poker room is paying me 35% I will give 33% back to my players and keep only 2% for providing the service.” Generally, should you the math, the top level guys generating $30,000 a month in rake all of a sudden were obtaining a windfall $9,900 a month back! That is over and above anything they might have won at the table, bonuses the site may have offered, or any other perks the site might have offered them for being such the best customer.
Now many people are reading this and think that there is no way they may generate $30,000 a month so it’s only profitable for the big guys. In reality, anybody can sign up at these sites. No matter how big or small a player they can be.
And one does not need to play at Phil Ivey nosebleed stakes as a way to make a respectable income from playing poker. As an example, if you play $1/$2 NL poker and can play four tables at a time (which is extremely doable with some practice) and play 42 hours a week, you might make approximately seventy six thousand dollars a year just on rakeback. Even if you never won a penny at the tables you will be getting about seventy six thousand dollars a year back.
That’s not a bad living for some people. And if you play higher stakes, more hours, more tables, or actually win money playing poker then your once-a-year take gets even larger.
Imagine no boss, no commute to the office, no grinding away for some employer that will sack you the second sales drop. You’ve got the freedom to work whenever you want and around you want.
But if you had to do it just on your winnings alone you could never get there. You would have to play either extremely high stakes or for numerous hours that almost all people would burn out. All as a result of rakeback, being a professional poker player is in the reach of nearly everybody.
