Good Online Poker Gambling Knowledge 117721288

There's a dirty little secret going on in the online poker world that men and women do not want you to learn about. Nearly all professional player knows about this secret and they have found a way to benefit from it. So can you.

Many individuals are unaware that any time you play online poker the poker room takes a small fee out of each pot. Based on their rate structure it may 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 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. 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 particular poker site.

However the webmasters aren't stupid. They realize that 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 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 only 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, there are 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 didn't want to quit any of their cut and so they threatened the poker rooms to keep quite about the amount of money they were making. Though the smart players already knew. And several of them decided to produce 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." Generally, should you the math, the top level guys generating thirty thousand dollars 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 some other perks the site might have offered them for being such an excellent customer.

Now most people are reading this and believe that there is no way also they can generate thirty thousand dollars a month so it's only profitable for the big guys. In all reality, anybody can sign up at these sites. Regardless how big or small a player they can be.

And one doesn't need to play at Phil Ivey nosebleed stakes so that you can make a respectable income from playing poker. For example, if you play $1/$2 NL poker as well as can play four tables at a time (which is extremely doable with some practice) and play 42 hours every week, you might make approximately seventy six thousand dollars a year just on rakeback. Even if you never won a penny at the tables you could be getting about $76,000 annually back.

That is not really a bad living for many people. And if you play higher stakes, Discover 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 who shall sack you the next 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 extremely high stakes or for a lot of hours that lots of people would burn out. All thanks to rakeback, being a professional poker player is within the reach of nearly everybody.