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- Wpisy
There’s a dirty little secret going on within the online poker world that folks don’t want you to know about. Almost every professional player knows concerning this secret and they’ve found a way to cash in on it. So can you.
Lots of people are unaware that any time you play online poker the poker room takes a small fee out of each pot. Based on their rate structure it could possibly be just 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 that you can get a sizable percentage of that money back!
quality online poker gambling 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 sites to entice you to play on that particular poker site.
But the webmasters aren’t stupid. They know that individuals they can 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 are earning 35% or even more of the fees/rake you generate playing on the poker site. And not simply for a month or a year but for as long as you’re a customer!
But then the leading players – folks 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 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. But the smart players already knew. And several of them decided to generate a whole new system.
What they said was, “Hey, I’ll become a webmaster too. And should the poker room is paying me 35% I’ll give 33% back to my players and keep only 2% for providing the service.” Quite simply, in the event you do the math, the top level guys generating $30,000 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 the best customer.
Now many people are reading this and feel that there is no way they may generate $30,000 a month so it’s only profitable for the big guys. In all reality, anyone can sign up at these sites. Regardless 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. By way of example, if you play $1/$2 NL poker and also can play four tables at a time (which is very doable with some practice) and play 42 hours a week, you could make approximately seventy six thousand dollars over a year just on rakeback. Even when 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 whom shall sack you the 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 might never get there. You would have to play either very high stakes or for a lot of hours that plenty of people would burn out. All because of rakeback, being a professional poker player is within the reach of nearly everyone.
