There’s a dirty little secret going on within the online poker world that individuals do not want you to understand about. Nearly all professional player knows concerning this secret and they’ve found a way to benefit 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. Determined by their rate structure it may very well be around 5% of the pot value. That fee is called « the rake. »

But that’s not the big secret. The big secret is that you can get a sizable percentage 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. 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 specific poker site.

However the webmasters aren’t stupid. They realize that people 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 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 are a customer!

But then the leading players – people who generate sometimes tens of thousands of dollars in rake each month (yes, you can find people paying $30,000+ per 30 days 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 did not want to give up any of their cut and so they threatened the poker rooms to keep quite about simply click the up coming internet site amount of money they were making. But the smart players already knew. And many of them decided to produce a whole new system.

What they said was, « Hey, I’ll be a webmaster too. And should the poker room is paying me 35% I will give 33% back to my players and keep only 2% for providing the service. » Now, in the event you do the math, the very best level guys generating $30,000 a month in rake all of a sudden were acquiring 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 good customer.

Now the majority of people are reading this and believe 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 are.

And one doesn’t need to play at Phil Ivey nosebleed stakes as a way to make a respectable income from playing poker. As an example, if you play $1/$2 NL poker and also can 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 per year just on rakeback. Even if you never won a penny at the tables you could be getting about seventy six thousand dollars each year back.

That is not just a bad living for some 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 your second sales drop. You have the freedom to work whenever 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 quite high stakes or for numerous hours that plenty of people would burn out. All because of rakeback, being a professional poker player is within the reach of nearly everyone.