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There is a dirty little secret going on within the online poker world that folks do not want you to learn about. Nearly every professional player knows concerning this secret and they have found a way to cash in on it. So can you.
Many individuals are unaware that whenever you play online safe poker online the poker room takes a small fee out of each pot. Based on their rate structure it might 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 portion of that money back!
Online poker is a massively profitable business. Top poker sites turn over around $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 sites to entice you to play on that particular poker site.
Though the webmasters are not stupid. They know that the individuals they may be 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 are earning 35% or even more of the fees/rake you generate playing on the poker site. And not simply for a month or a year but for as long as you’re a customer!
But then the leading players – people that generate sometimes tens of thousands of dollars in rake each month (yes, you will find people paying $30,000+ every 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 quit any of their cut and so they threatened the poker rooms to keep quite about how much money they were making. Though the smart players already knew. And lots of of them decided to produce a new system.
What they said was, “Hey, I’ll become a webmaster too. And should the poker room is paying me 35% I will 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 thirty thousand dollars a month in rake all of a sudden were receiving 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 the best customer.
Now the majority of 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. In all reality, anyone can sign up at these sites. Regardless of how big or small a player they can be.
And one will not 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 and may also play four tables at a time (which is quite doable with some practice) and play 42 hours a week, you can make approximately $76,000 a year just on rakeback. Even if you never won a penny at the tables you could be getting about seventy six thousand dollars over a year back.
That’s not only a bad living for many 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 whom shall sack you the next 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 on your winnings alone you could never get there. You would have to play either extremely high stakes or for so many hours that most people would burn out. All due to rakeback, being a professional poker player is in the reach of nearly everyone.
