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There is a dirty little secret going on in the online poker world that men and women don’t want you to understand about. Almost every professional player knows about this secret and they’ve found a way to profit from it. So can you.
Lots of individuals are unaware that any time you play online poker the poker room takes a small fee out of each pot. According to their rate structure it may be around 5% of the pot value. That fee is called “the rake.”
But that is not the big secret. The big secret is that you may get a large percentage 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. 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 specific poker site.
However the webmasters are not stupid. They know that the people 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 even more of the fees/rake you generate playing on the poker site. And not only for a month or 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, you will discover people paying $30,000+ per month in rake every month) – started to wonder why these webmasters were making all of this money when the player was the one actually generating the rake.
The greedy webmasters didn’t want to give up any of their cut and so they threatened the poker rooms to keep quite about how much money they were making. However the smart players already knew. And lots of 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 will give 33% back to my players and keep only 2% for providing the service.” Generally, should you the math, the very best level guys generating $30,000 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 some other perks the site might have offered them for being such a great customer.
Now most people are reading this and believe that there is no way they may generate $30,000 a month so it’s only profitable for Click Home the big guys. In reality, anyone can sign up at these sites. Regardless of how big or small a player they can be.
And one will not need to play at Phil Ivey nosebleed stakes in order to make a respectable income from playing poker. For instance, 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 every week, you can make approximately $76,000 a year just on rakeback. Even if you never won a penny at the tables you will be getting about $76,000 each year back.
That’s not really a bad living for many people. And if you play higher stakes, more hours, more tables, or actually win money playing poker then your total annual take gets even larger.
Imagine no boss, no commute to the office, no grinding away for some employer which will sack you the second sales drop. You have the freedom to work when you want and around 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 many people would burn out. All because of rakeback, being a professional poker player is in the reach of nearly everybody.
