Many people are unaware that whenever you play trusted online poker gambling site (find out here now) poker the poker room takes a small fee out of each pot. Based upon their rate structure it may be just as much as 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 big percentage of that money back!
Online poker is a massively profitable business. Top poker sites turn over anywhere between $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 particular poker site.
However the webmasters aren't stupid. They realize that individuals 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 several cases the webmasters will be earning 35% or maybe more of the fees/rake you generate playing on the poker site. And not simply for a month or a year but for as long as you are a customer!
But then the leading players - those that generate sometimes tens of thousands of dollars in rake each month (yes, you can find people paying $30,000+ per 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. But the smart players already knew. And lots of of them decided to generate a new system.
What they said was, "Hey, I will become a webmaster too. And should 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 you do the math, the top level guys generating $30,000 a month in rake all of a sudden were receiving 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 most individuals are reading this and believe that there is no way they may generate $30,000 a month so it's only profitable for the big guys. In all reality, anybody can sign up at these sites. Irrespective 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. For instance, 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 per week, you can make approximately $76,000 per year just on rakeback. Even if you never won a penny at the tables you would be getting about $76,000 each year back.
That is not only 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 that will sack you your 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 could have to play either quite high stakes or for so many hours that many people would burn out. All because of rakeback, being a professional poker player is within the reach of nearly everybody.
If you would want to know more about rakeback, check out the links in my signature and get started on getting back what you deserve.
But that is not the big secret. The big secret is the fact that you can get a big percentage of that money back!
Online poker is a massively profitable business. Top poker sites turn over anywhere between $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 particular poker site.
However the webmasters aren't stupid. They realize that individuals 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 several cases the webmasters will be earning 35% or maybe more of the fees/rake you generate playing on the poker site. And not simply for a month or a year but for as long as you are a customer!
But then the leading players - those that generate sometimes tens of thousands of dollars in rake each month (yes, you can find people paying $30,000+ per 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. But the smart players already knew. And lots of of them decided to generate a new system.
What they said was, "Hey, I will become a webmaster too. And should 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 you do the math, the top level guys generating $30,000 a month in rake all of a sudden were receiving 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 most individuals are reading this and believe that there is no way they may generate $30,000 a month so it's only profitable for the big guys. In all reality, anybody can sign up at these sites. Irrespective 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. For instance, 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 per week, you can make approximately $76,000 per year just on rakeback. Even if you never won a penny at the tables you would be getting about $76,000 each year back.
That is not only 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 that will sack you your 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 could have to play either quite high stakes or for so many hours that many people would burn out. All because of rakeback, being a professional poker player is within the reach of nearly everybody.
If you would want to know more about rakeback, check out the links in my signature and get started on getting back what you deserve.