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latiawootton832
There’s a dirty little secret going on in the online poker world that men and women do not want you to learn about. Nearly all professional player knows about this secret and they have found a way to profit from 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. According to their rate structure it may very well be around 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 can get a sizable 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 particular poker site.
Although the webmasters aren’t stupid. They realize 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 many 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’re a customer!
But then the leading players – people that generate sometimes tens of thousands of dollars in rake each month (yes, there are 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 how much money they were making. Though the smart players already knew. And several of them decided to generate a new system.
What they said was, “Hey, I will become 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.” Simply, in the event 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 is over and above anything they might have won at the table, bonuses the site may have offered, or every other perks the site might have offered them for being such a great customer.
Now most individuals are reading this and Spoonflower noted feel that there is no way they may generate thirty thousand dollars 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 doesn’t need to play at Phil Ivey nosebleed stakes to be able to make a respectable income from playing poker. For instance, 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 seventy six thousand dollars a year just on rakeback. Even when you never won a penny at the tables you will be getting about $76,000 over a year back.
That’s not 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 which will sack you the next sales drop. You’ve got 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 might never get there. You might have to play either very high stakes or for so many hours that lots of people would burn out. All because of rakeback, being a professional poker player is in the reach of nearly everybody.
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