Great Poker Tips 541373619

There is a dirty little secret going on within the online poker world that people do not want you to understand about. Nearly all professional player knows concerning this secret and they have found a way to profit from it. So can you.

Lots of individuals are unaware that any time you play online poker the poker room takes a small fee out of each pot. Determined by their rate structure it could possibly be 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 big portion 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. 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.

Though the webmasters aren't stupid. They realize that the people they may 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 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're 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 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 the amount of money they were making. However 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 in the event the poker room is paying me 35% I will give 33% back to my players and keep only 2% for providing the service." Simply, if you do the math, the very best level guys generating thirty thousand dollars a month in rake all of a sudden were receiving 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 click home page every other perks the site might have offered them for being such a great customer.

Now many people are reading this and assume that there's no way they can generate $30,000 a month so it's only profitable for the big guys. In all reality, anyone can sign up at these sites. However big or small a player they may be.

And one will not need to play at Phil Ivey nosebleed stakes in order to 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 very doable with some practice) and play 42 hours a week, you may make approximately seventy six thousand dollars per 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 total annual take gets even larger.

Imagine no boss, no commute to the office, no grinding away for some employer whom shall 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 could never get there. You could have to play either extremely high stakes or for so many hours that plenty of people would burn out. All as a result of rakeback, being a professional poker player is within the reach of nearly everybody.