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There is a dirty little secret going on in the online poker world that men and women don't want you to know about. Almost every professional player knows concerning this secret and they have found a way to profit 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. According to their rate structure it may very well 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 the fact that you may get a large number 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. 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 the individuals they're 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 maybe more of the fees/rake you generate playing on the poker site. And not only for a month or a year but for as long as you are a customer!
But then the leading players - those 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 in the event the player was the one actually generating the rake.
The greedy webmasters did not 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. Although the smart players already knew. And several of them decided to produce a brand new system.
What they said was, "Hey, I will become 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." Essentially, if 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's 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 customer.
Now most of the people are reading this and feel that there's 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. No matter how big or small a player they're.
And one doesn't need to play at Phil Ivey nosebleed stakes so that you can make a respectable income from playing poker. For instance, if you play $1/$2 NL poker and can play four tables at a time (which can be very doable with some practice) and play 42 hours a week, you could make approximately seventy six thousand dollars per year just on rakeback. Even when you never won a penny at the tables you will be getting about $76,000 over a year back.
That's not 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 will sack you the other sales drop. You've got 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 could never get there. You would have to play either quite high stakes or for a lot of hours that most of the people would burn out. All because of rakeback, being a professional poker player is within the reach of nearly everyone.