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There’s a dirty little secret going on in the online poker world that people don’t want you to learn about. Nearly all 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 any time you play good online poker casino poker the poker room takes a small fee out of each pot. According to their rate structure it could 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 that you can get a big 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 specific poker site.
However the webmasters aren’t stupid. They realize that the individuals 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 many cases the webmasters are earning 35% or even more of the fees/rake you generate playing on the poker site. And not just for a month or 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 will discover people paying $30,000+ monthly 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 did not 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 lots of of them decided to produce a new system.
What they said was, “Hey, I’ll 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.” Essentially, if you do the math, the very best level guys generating $30,000 a month in rake all of a sudden were receiving 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 some other perks the site might have offered them for being such a great customer.
Now many 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. No matter how big or small a player they’re.
And one doesn’t 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 also can play four tables at a time (which is extremely doable with some practice) and play 42 hours a week, you may make approximately $76,000 per year just on rakeback. Even if you never won a penny at the tables you would be getting about $76,000 a year back.
That’s 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 annual take gets even larger.
Imagine no boss, no commute to the office, no grinding away for some employer whom shall 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 could never get there. You would have to play either quite high stakes or for a lot of hours that plenty of people would burn out. All because of rakeback, being a professional poker player is within the reach of nearly everyone.
