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There’s a dirty little secret going on in the online poker world that men and women don’t want you to understand about. Nearly all professional player knows about this secret and they’ve found a way to profit from it. So can you.
Lots of people are unaware that any time you play best online poker gambling site poker the poker room takes a small fee out of each pot. Based on their rate structure it may 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 can get a large number of that money back!
Online poker is a massively profitable business. Top poker sites turn over which range 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 sites to entice you to play on that specific poker site.
Although the webmasters are not stupid. They know that the people they are 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 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 simply for a month or a year but for as long as you are a customer!
But then the leading players – folks who generate sometimes tens of thousands of dollars in rake each month (yes, you will find people paying $30,000+ each month 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 quit any of their cut and so they threatened the poker rooms to keep quite about how much money they were making. However the smart players already knew. And lots of of them decided to generate a new system.
What they said was, “Hey, I’ll become a webmaster too. And in the event the poker room is paying me 35% I’ll give 33% back to my players and keep only 2% for providing the service.” Generally, if you do 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 every other perks the site might have offered them for being such a great customer.
Now almost all people are reading this and assume that there’s no way they can generate $30,000 a month so it’s only profitable for the big guys. As a matter of fact, anyone can sign up at these sites. Regardless of how big or small a player they may be.
And one will not need to play at Phil Ivey nosebleed stakes as a way to make a respectable income from playing poker. For example, if you play $1/$2 NL poker as well as can play four tables at a time (which is quite doable with some practice) and play 42 hours every week, you might make approximately seventy six thousand dollars annually just on rakeback. Even when you never won a penny at the tables you could be getting about $76,000 annually back.
That’s not much of a bad living for many 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 who shall sack you your second sales drop. You’ve got the freedom to work whenever you want and as much as you want.
But if you had to do it just on your winnings alone you might never get there. You might have to play either very high stakes or for so many hours that many people would burn out. All as a result of rakeback, being a professional poker player is within the reach of nearly everybody.
