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There’s a dirty little secret going on within the quality online poker gambling poker world that people do not want you to learn about. Virtually every professional player knows concerning this secret and they’ve found a way to make the most of 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 upon their rate structure it could possibly be just 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 number 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. 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.
But the webmasters aren’t stupid. They realize that individuals 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 are a customer!
But then the leading players – folks that generate sometimes tens of thousands of dollars in rake each month (yes, you will discover 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 quit 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 several of them decided to generate a 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’ll give 33% back to my players and keep only 2% for providing the service.” Essentially, in the event that you do the math, the very best 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 some other perks the site might have offered them for being such a good customer.
Now almost all people are reading this and think that there’s no way they may 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 doesn’t need to play at Phil Ivey nosebleed stakes so that you can 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 may make approximately seventy six thousand dollars over a year just on rakeback. Even when you never won a penny at the tables you could be getting about seventy six thousand dollars per year back.
That is not just a bad living for some 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 who will sack you the other sales drop. You have 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 extremely high stakes or for so many hours that many people would burn out. All due to rakeback, being a professional poker player is in the reach of nearly everyone.
