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There is a dirty little secret going on within the trusted online poker gambling agency poker world that individuals don’t want you to learn about. Almost every professional player knows about this secret and they’ve found a way to profit from it. So can you.
Many people 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 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 the fact 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 aren’t stupid. They realize 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 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 are a customer!
But then the leading players – folks who generate sometimes tens of thousands of dollars in rake each month (yes, there are people paying $30,000+ every 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 create a brand new system.
What they said was, “Hey, I will be a webmaster too. And in the event the poker room is paying me 35% I’ll give 33% back to my players and keep only 2% for providing the service.” Now, in the event that you do the math, the top level guys generating $30,000 a month in rake all of a sudden were acquiring 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 an excellent customer.
Now lots of people are reading this and feel that there is 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. However big or small a player they can be.
And one does not need to play at Phil Ivey nosebleed stakes to be able to make a respectable income from playing poker. For 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 might make approximately seventy six thousand dollars annually just on rakeback. Even when you never won a penny at the tables you could be getting about $76,000 over a year back.
That is 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 who will sack you your second sales drop. You’ve got the freedom to work whenever 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 extremely high stakes or for numerous hours that almost all people would burn out. All as a result of rakeback, being a professional poker player is within the reach of nearly everyone.
