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There’s a dirty little secret going on within the online poker world that people do not want you to know about. Nearly all professional player knows concerning this secret and they’ve found a way to cash in on it. So can you.
Lots of individuals are unaware that whenever you play online poker the poker room takes a small fee out of each pot. According to their rate structure it could possibly 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 sizable number 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 own sites to entice you to play on that particular poker site.
But the webmasters are not stupid. They realize that people they may be sending to the poker room might generate hundreds or thousands of dollars in fees or rake and they’ve shrewdly negotiated profit sharing deals with the poker sites. In several cases the webmasters are earning 35% or maybe more of the fees/rake you generate playing on the poker site. And not only for a month or possibly 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 quit any of their cut and so they threatened the poker rooms to keep quite about the amount of money they were making. But the smart players already knew. And several of them decided to generate a brand new system.
What they said was, “Hey, I will be a webmaster too. And should the poker room is paying me 35% I’ll give 33% back to my players and keep only 2% for providing the service.” Essentially, should you the math, the top level guys generating thirty thousand dollars a month in rake all of a sudden were getting 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 most of the people are reading this and assume that there is no way they can generate thirty thousand dollars a month so it’s only profitable for the big guys. In fact, 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 as a way to make a respectable income from playing poker. For example, if you play $1/$2 NL poker and may play four tables at a time (which can be very doable with some practice) and play 42 hours every week, you may make approximately $76,000 over a year just on rakeback. Even when you never won a penny at the tables you could be getting about $76,000 annually back.
That’s not much of a bad living for most 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 who will sack you the other sales drop. You’ve got the freedom to work whenever you want and just as much as you want.
But if you had to do it just Click On this page your winnings alone you might never get there. You might have to play either very high stakes or for a lot of hours that most people would burn out. All thanks to rakeback, being a professional poker player is within the reach of nearly everyone.
