Lots of individuals 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 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 the fact that you can get a large 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. 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 know that the individuals 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 many cases the webmasters are earning 35% or more of the fees/rake you generate playing gambling (please click the following webpage) on the poker site. And not just for a month or perhaps a year but for as long as you're a customer!

But then the leading players - individuals who generate sometimes tens of thousands of dollars in rake each month (yes, you can find people paying $30,000+ each 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 many of them decided to generate a brand new system.

What they said was, "Hey, I'll be a webmaster too. And if the poker room is paying me 35% I'll give 33% back to my players and keep only 2% for providing the service." Generally, in the event you do 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 is over and above anything they might have won at the table, bonuses the site may have offered, or any other perks the site might have offered them for being such an excellent customer.

Now almost all people are reading this and think that there is no way also they can generate $30,000 a month so it's only profitable for the big guys. Actually, anybody can sign up at these sites. Irrespective of how big or small a player they can be.

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 may play four tables at a time (which is very doable with some practice) and play 42 hours a week, you can make approximately $76,000 over a year just on rakeback. Even when you never won a penny at the tables you would be getting about $76,000 over a 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 who shall sack you the second sales drop. You have the freedom to work whenever 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 would have to play either very high stakes or for a lot of hours that most of the people would burn out. All thanks to rakeback, being a professional poker player is within the reach of nearly everyone.

If you would like to get more information about rakeback, check out the links in my signature and acquire started on getting back what you deserve.