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There’s a dirty little secret going on in the online poker world that folks don’t want you to understand about. Almost every professional player knows about this secret and they’ve found a way to make the most of it. So can you.
Lots of individuals are unaware that any time you play excellent online casino poker poker the poker room takes a small fee out of each pot. Based upon their rate structure it could possibly 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 that you can get a big portion of that money back!
Online poker is a massively profitable business. Top poker sites turn over ranging 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.
However the webmasters are not 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 have shrewdly negotiated profit sharing deals with the poker sites. In several cases the webmasters will be earning 35% or even 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 – individuals that generate sometimes tens of thousands of dollars in rake each month (yes, there are actually people paying $30,000+ a 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 the amount of money they were making. Although the smart players already knew. And lots of of them decided to produce a brand new system.
What they said was, “Hey, I’ll 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.” Simply, should you 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’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 a lot of people are reading this and assume that there’s no way also they can generate $30,000 a month so it’s only profitable for the big guys. In fact, anybody can sign up at these sites. Regardless how big or small a player they may be.
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 may play four tables at a time (which can be very doable with some practice) and play 42 hours a week, you may make approximately $76,000 per year just on rakeback. Even if you never won a penny at the tables you would be getting about seventy six thousand dollars annually back.
That’s not only a bad living for some 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 that will sack you your second 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 very high stakes or for numerous hours that almost all people would burn out. All because of rakeback, being a professional poker player is in the reach of nearly everyone.
