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There’s a dirty little secret going on within the online poker world that people do not want you to understand about. Nearly all professional player knows concerning this secret and they have found a way to benefit from it. So can you.
A lot of men and women are unaware that whenever you play online poker the poker room takes a small fee out of each pot. Based on their rate structure it might be as much as 5% of the pot value. That fee is called “the rake.”
But that’s not the big secret. The big secret is the fact that you may get a large percentage of that money back!
Online poker is a massively profitable business. Top poker sites turn over between $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 realize that 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 several cases the webmasters will be earning 35% or maybe more of the fees/rake you generate playing on the poker site. And not only for a month or perhaps 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 people paying $30,000+ a 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 didn’t 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. However the smart players already knew. And several of them decided to create a whole new system.
What they said was, “Hey, I’ll become a webmaster too. And should the poker room is paying me 35% I will give 33% back to my players and keep only 2% for providing the service.” Now, if you do the math, the top 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 great online poker gambling site customer.
Now almost all people are reading this and assume that there’s no way they can generate thirty thousand dollars a month so it’s only profitable for the big guys. In all reality, anyone can sign up at these sites. Regardless of how big or small a player they can be.
And one doesn’t need to play at Phil Ivey nosebleed stakes so that you can make a respectable income from playing poker. By way of example, if you play $1/$2 NL poker and may play four tables at a time (which is very doable with some practice) and play 42 hours every week, you could make approximately seventy six thousand dollars over a year just on rakeback. Even if you never won a penny at the tables you would be getting about $76,000 each year back.
That is not much of 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 that will sack you the next 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 could have to play either extremely high stakes or for numerous hours that most people would burn out. All as a result of rakeback, being a professional poker player is within the reach of nearly everybody.
