Online Poker Online Concepts 532988768

There is a dirty little secret going on within the online poker world that individuals don't want you to learn about. Nearly every professional player knows concerning this secret and they've found a way to profit from it. So can you.

Lots of people 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 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 may get a sizable 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. 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 specific poker site.

However the webmasters are not stupid. They know that the individuals they are sending to the poker room might generate hundreds or Continued thousands of dollars in fees or rake and they have shrewdly negotiated profit sharing deals with the poker sites. In many 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 perhaps a year but for as long as you're a customer!

But then the leading players - people that generate sometimes tens of thousands of dollars in rake each month (yes, you can find people paying $30,000+ every 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 give up 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 create a whole new system.

What they said was, "Hey, I'll become a webmaster too. And should the poker room is paying me 35% I will 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 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 a lot of people are reading this and feel that there is no way also they can generate $30,000 a month so it's only profitable for the big guys. As a matter of fact, anybody can sign up at these sites. However big or small a player they're.

And one will not need to play at Phil Ivey nosebleed stakes to be able to make a respectable income from playing poker. As an example, if you play $1/$2 NL poker and also can 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 over a year just on rakeback. Even when you never won a penny at the tables you could be getting about $76,000 each year back.

That is not really a bad living for most 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 second sales drop. You have the freedom to work when 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 most people would burn out. All because of rakeback, being a professional poker player is in the reach of nearly everyone.