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There’s a dirty little secret going on in the online poker world that individuals do not want you to understand about. Nearly every professional player knows about this secret and they’ve found a way to make the most of it. So can you.
Lots of people are unaware that whenever you play great online gambling site poker the poker room takes a small fee out of each pot. Determined by their rate structure it may be around 5% of the pot value. That fee is called “the rake.”
But that is not the big secret. The big secret is that you may get a big percentage of that money back!
Online poker is a massively profitable business. Top poker sites turn over around $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 particular poker site.
However the webmasters aren’t stupid. They know that the people they’re 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 possibly a year but for as long as you’re a customer!
But then the leading players – folks who generate sometimes tens of thousands of dollars in rake each month (yes, you’ll 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 quit any of their cut and so they threatened the poker rooms to keep quite about the amount of money they were making. However the smart players already knew. And many of them decided to generate a whole new system.
What they said was, “Hey, I will become 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.” Basically, in the event you do the math, the very best level guys generating $30,000 a month in rake all of a sudden were acquiring 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 any other perks the site might have offered them for being such a good customer.
Now a lot of people are reading this and feel that there’s 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. However big or small a player they may be.
And one doesn’t need to play at Phil Ivey nosebleed stakes to be able to make a respectable income from playing poker. For example, if you play $1/$2 NL poker and will play four tables at a time (which can be very doable with some practice) and play 42 hours every week, you might make approximately $76,000 over a year just on rakeback. Even when you never won a penny at the tables you will be getting about seventy six thousand dollars annually back.
That’s not just a bad living for many people. And if you play higher stakes, more hours, more tables, or actually win money playing poker then your yearly take gets even larger.
Imagine no boss, no commute to the office, no grinding away for some employer which will sack you the next sales drop. You’ve got the freedom to work when 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 very high stakes or for a lot of hours that many people would burn out. All as a result of rakeback, being a professional poker player is in the reach of nearly everybody.
