There is a dirty little secret going on within the online poker world that individuals don’t want you to know about. Virtually every professional player knows concerning this secret and they have found a way to make the most of it. So can you.

Lots of people are unaware that whenever you play online poker the poker room takes a small fee out of each pot. Based upon 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 large number 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. 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 realize that the individuals 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 just 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, you will discover 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 give up any of their cut and so they threatened the poker rooms to keep quite about the amount of money they were making. However the smart players already knew. And lots of of them decided to produce a 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. » Basically, should you the math, the very best level guys generating thirty thousand dollars 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 a good customer.

Now almost all people are reading this and assume that there’s no way they may 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. Regardless of how big or small a player they’re.

And one will not need to play at Phil Ivey nosebleed stakes as a way to make a respectable income from playing poker. By way of example, if you play $1/$2 NL poker and can also play four tables at a time (which is quite doable with some practice) and play 42 hours every week, you can make approximately $76,000 annually just on rakeback. Even if you never won a penny at the tables you would be getting about $76,000 annually 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 total annual 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 as much as you want.

But if you had to do it just click the up coming document on your winnings alone you might never get there. You might have to play either extremely high stakes or for numerous hours that most of the people would burn out. All thanks to rakeback, being a professional poker player is in the reach of nearly everyone.