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There is a dirty little secret going on within the online poker world that men and women don’t want you to learn about. Almost every professional player knows concerning this secret and they’ve found a way to cash in on 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. Based on their rate structure it could be just 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 big percentage of that money back!
Online poker is a massively profitable business. Top poker sites turn over anywhere between $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 sites to entice you to play on that particular poker site.
However the webmasters are not stupid. They know that the people they may be sending to the poker room might generate hundreds or thousands of dollars in fees or Coupondetect website rake and they have shrewdly negotiated profit sharing deals with the poker sites. In many cases the webmasters will be earning 35% or more of the fees/rake you generate playing on the poker site. And not simply for a month or perhaps a year but for as long as you’re a customer!
But then the leading players – individuals who generate sometimes tens of thousands of dollars in rake each month (yes, you’ll find people paying $30,000+ per 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 the amount of money they were making. Although the smart players already knew. And many of them decided to create a whole new system.
What they said was, “Hey, I will be a webmaster too. And if the poker room is paying me 35% I’ll give 33% back to my players and keep only 2% for providing the service.” Simply, should you 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 every other perks the site might have offered them for being such an excellent customer.
Now most of the people are reading this and assume that there is no way also they can generate $30,000 a month so it’s only profitable for the big guys. In reality, anyone can sign up at these sites. No matter how big or small a player they are.
And one does not need to play at Phil Ivey nosebleed stakes in order 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 very doable with some practice) and play 42 hours per week, you could make approximately $76,000 over a year just on rakeback. Even if you never won a penny at the tables you would be getting about seventy six thousand dollars annually back.
That’s not a bad living for most 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 whom shall sack you your second sales drop. You have the freedom to work when you want and just as much as you want.
But if you had to do it just on your winnings alone you could never get there. You might have to play either quite high stakes or for a lot of hours that the majority of people would burn out. All because of rakeback, being a professional poker player is in the reach of nearly everybody.
