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There is a dirty little secret going on within the online poker world that people don’t want you to learn about. Nearly every professional player knows about this secret and they have found a way to make the most of it. So can you.
A lot of men and women are unaware that whenever you play online poker the poker room takes a small fee out of each pot. Based upon their rate structure it may be just 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 the fact that you can get a large portion of that money back!
fantastic online poker gambling agency 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 specific poker site.
Though the webmasters aren’t stupid. They know that individuals 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 lots of cases the webmasters will be earning 35% or more of the fees/rake you generate playing on the poker site. And not simply for a month or possibly a year but for as long as you are a customer!
But then the leading players – men and women who generate sometimes tens of thousands of dollars in rake each month (yes, there are people paying $30,000+ per 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 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. Although 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 if the poker room is paying me 35% I’ll give 33% back to my players and keep only 2% for providing the service.” Generally, 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 receiving a windfall $9,900 a month back! That’s 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 plenty of 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 reality, anyone can sign up at these sites. Irrespective of how big or small a player they’re.
And one does not need to play at Phil Ivey nosebleed stakes in order to make a respectable income from playing poker. As an example, if you play $1/$2 NL poker and will play four tables at a time (which can be very doable with some practice) and play 42 hours a week, you might make approximately seventy six thousand dollars a year just on rakeback. Even when you never won a penny at the tables you would be getting about seventy six thousand dollars each year back.
That’s not really 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 whom shall sack you the other sales drop. You have 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 quite high stakes or for a lot of hours that plenty of people would burn out. All as a result of rakeback, being a professional poker player is in the reach of nearly everyone.
