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There is a dirty little secret going on within the online poker world that men and women do not want you to understand about. Nearly all professional player knows about this secret and they have found a way to benefit from it. So can you.
A lot of men and women are unaware that any time you play online poker the poker room takes a small fee out of each pot. According to their rate structure it might 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 the fact that you may get a sizable portion 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 specific poker site.
But the webmasters aren’t 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 many cases the webmasters will be earning 35% or more of the fees/rake you generate playing on the poker site. And not only for a month or http://www.multichain.com`s latest blog post perhaps 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 can find people paying $30,000+ each 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 give up any of their cut and so they threatened the poker rooms to keep quite about how much money they were making. But the smart players already knew. And several of them decided to create 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 will give 33% back to my players and keep only 2% for providing the service.” Quite simply, in the event that you do the math, the top level guys generating thirty thousand dollars 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 any other perks the site might have offered them for being such a great customer.
Now most of the people are reading this and believe that there is no way they can 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. Irrespective of how big or small a player they may be.
And one will not need to play at Phil Ivey nosebleed stakes to be able to make a respectable income from playing poker. For example, if you play $1/$2 NL poker and will play four tables at a time (which is quite doable with some practice) and play 42 hours per week, you may make approximately $76,000 annually just on rakeback. Even if you never won a penny at the tables you could be getting about seventy six thousand dollars a year back.
That’s not 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 which will sack you the second sales drop. You’ve got 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 quite high stakes or for numerous hours that the majority of people would burn out. All thanks to rakeback, being a professional poker player is within the reach of nearly everyone.
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