Great Online Gambling Site Positions 724972943
There's a dirty little secret going on within the online poker world that individuals do not want you to understand about. Almost every professional player knows concerning this secret and they have found a way to benefit from it. So can you.
Many individuals are unaware that whenever you play online poker the poker room takes a small fee out of each pot. Determined by their rate structure it might 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 may get a big number of that money back!
Online quality 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 sites to entice you to play on that particular poker site.
However the webmasters aren't stupid. They know that the individuals they can 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 more of the fees/rake you generate playing on the poker site. And not just for a month or perhaps 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 find 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 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 lots of 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 will give 33% back to my players and keep only 2% for providing the service." Now, if you do the math, the top level guys generating thirty thousand dollars a month in rake all of a sudden were acquiring 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 many 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. In reality, anybody can sign up at these sites. No matter how big or small a player they're.
And one will not need to play at Phil Ivey nosebleed stakes in order to make a respectable income from playing poker. As an example, if you play $1/$2 NL poker and will play four tables at a time (which is extremely doable with some practice) and play 42 hours per week, you may make approximately seventy six thousand dollars each year just on rakeback. Even when you never won a penny at the tables you would be getting about $76,000 per year back.
That is not only a bad living for some 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 the other 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 extremely high stakes or for a lot of hours that most individuals would burn out. All as a result of rakeback, being a professional poker player is within the reach of nearly everyone.