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There is a dirty little secret going on within the online poker world that folks don’t want you to learn about. Nearly every professional player knows concerning this secret and they have found a way to benefit from it. So can you.
Many people are unaware that any time you play safe online gambling agency poker the poker room takes a small fee out of each pot. Determined by their rate structure it might 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 may get a sizable portion of that money back!
Online poker is a massively profitable business. Top poker sites turn over between $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 own sites to entice you to play on that particular poker site.
But the webmasters aren’t stupid. They realize that the people they’re 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 are earning 35% or maybe more of the fees/rake you generate playing on the poker site. And not only 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 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 many of them decided to produce a whole new system.
What they said was, “Hey, I’ll 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.” Essentially, if 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’s over and above anything they might have won at the table, bonuses the site may have offered, or some other perks the site might have offered them for being such the best customer.
Now most of the people are reading this and feel that there is no way also they can generate thirty thousand dollars a month so it’s only profitable for the big guys. As a matter of fact, anybody can sign up at these sites. However big or small a player they can be.
And one doesn’t need to play at Phil Ivey nosebleed stakes so that you can make a respectable income from playing poker. By way of example, if you play $1/$2 NL poker as well as can play four tables at a time (which is quite doable with some practice) and play 42 hours per week, you could make approximately $76,000 annually just on rakeback. Even if you never won a penny at the tables you could be getting about seventy six thousand dollars per year back.
That is not just a bad living for most 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 which will sack you the other sales drop. You’ve got the freedom to work when you want and around you want.
But if you had to do it just on your winnings alone you might never get there. You could have to play either very high stakes or for a lot of hours that lots of people would burn out. All as a result of rakeback, being a professional poker player is in the reach of nearly everyone.
