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There’s a dirty little secret going on in the online poker world that folks do not want you to learn about. Almost every professional player knows concerning this secret and they have found a way to profit from it. So can you.
Lots of people are unaware that whenever you play online poker the poker room takes a small fee out of each pot. Determined by their rate structure it could possibly be around 5% of the pot value. That fee is called “the rake.”
But that’s not the big secret. The big secret is the fact that you can get a big number 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. 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.
Although the webmasters are not stupid. They realize that 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 excellent 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 perhaps a year but for as long as you are a customer!
But then the leading players – folks that generate sometimes tens of thousands of dollars in rake each month (yes, you can find people paying $30,000+ a 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 didn’t want to quit 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 will 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.” Fundamentally, in the event that you do the math, the very best level guys generating $30,000 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 good customer.
Now plenty of people are reading this and feel that there’s no way they may generate thirty thousand dollars a month so it’s only profitable for the big guys. In all reality, 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 so that you can make a respectable income from playing poker. For example, if you play $1/$2 NL poker as well as can play four tables at a time (which is very doable with some practice) and play 42 hours every week, you could make approximately $76,000 over a year just on rakeback. Even when you never won a penny at the tables you will be getting about seventy six thousand dollars a year back.
That is not just a bad living for many people. And if you play higher stakes, more hours, more tables, or actually win money playing poker then your total annual take gets even larger.
Imagine no boss, no commute to the office, no grinding away for some employer which will sack you your second sales drop. You have the freedom to work when 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 might have to play either quite high stakes or for numerous hours that lots of people would burn out. All as a result of rakeback, being a professional poker player is within the reach of nearly everyone.
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