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There’s a dirty little secret going on within the online poker world that folks don’t want you to learn 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 individuals are unaware that whenever you play online poker the poker room takes a small fee out of each pot. Based on 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 the fact that you can get a sizable percentage of that money back!
Online poker is a massively profitable business. Top poker sites turn over ranging from $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 own sites to entice you to play on that specific poker site.
Although the webmasters aren’t stupid. They know that people they may be 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 several cases the webmasters are earning 35% or even 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’re a customer!
But then the leading players – people 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 when the player was the one actually generating the rake.
The greedy webmasters did not want to quit any of their cut and so they threatened the poker rooms to keep quite about how much money they were making. Although 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.” Simply, should you the math, the very best level guys generating $30,000 a month in rake all of a sudden were getting 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 every other perks the site might have offered them for being such a good online gambling site customer.
Now plenty of people are reading this and assume that there is no way they may generate thirty thousand dollars a month so it’s only profitable for the big guys. In fact, anybody can sign up at these sites. No matter how 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 may make approximately $76,000 annually just on rakeback. Even when you never won a penny at the tables you could 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 once-a-year take gets even larger.
Imagine no boss, no commute to the office, no grinding away for some employer whom shall sack you your 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 on your winnings alone you might never get there. You might have to play either quite high stakes or for so many hours that most people would burn out. All due to rakeback, being a professional poker player is in the reach of nearly everybody.
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