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There is a dirty little secret going on in the online poker world that individuals do not want you to understand about. Nearly all professional player knows about this secret and they’ve found a way to benefit from it. So can you.
Many people 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 may very well 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 that you can get a sizable number of that money back!
Online poker is a massively profitable business. Top poker sites turn over which range from $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.
Although the webmasters aren’t stupid. They know that the individuals they are 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 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 – folks who generate sometimes tens of thousands of dollars in rake each month (yes, you will find people paying $30,000+ per month 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 the amount of money they were making. Although the smart players already knew. And lots of of them decided to generate a brand 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 will give 33% back to my players and keep only 2% for providing the service.” Quite 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 is 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 many people are reading this and believe 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. However big or small a player they’re.
And one will not need to play at Phil Ivey nosebleed stakes so that you can make a respectable income from playing poker. As an example, right here 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 per week, you could make approximately seventy six thousand dollars annually just on rakeback. Even if you never won a penny at the tables you would be getting about seventy six thousand dollars each 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 annual take gets even larger.
Imagine no boss, no commute to the office, no grinding away for some employer which will sack you the second sales drop. You have the freedom to work when you want and around you want.
But if you had to do it just on your winnings alone you might never get there. You would have to play either very high stakes or for a lot of hours that a lot of people would burn out. All thanks to rakeback, being a professional poker player is in the reach of nearly everyone.
