Online Poker – Can Rakeback Turn it into a Bread Winner

• Author: Gregory Brooks
• Filed under: Poker
• Date: Mar 11,2012

In case you believe that you could only make money from the pot, then you have to think again. Many brokers are also making money out of poker. To begin with, the online poker room makes money by taking a small percentage out of the pot which is known as the rake. Every so often, this amount could be 5% of the pot. Are you aware of the fact that you could earn back a huge portion of this?

Let us look at how online poker sites work. They obviously, need players to visit their sites and play the game. How do they get more visitors? Especially with so many online sites out there. They get into arrangements with webmasters to put up advertisements on their websites, in return for a fee. However, these days the webmasters are smart too, and have realized that poker sites are making millions out of rake fees. Subsequently, they have negotiated profit sharing deals with poker sites to earn a cut of the rake generated. Webmasters have been so successful with this that they earn up to 35% of the rake fees that you generate for poker sites. More interestingly, this is not just for an initial game, but for as long as you use the site to play the game!

On the other hand, players have also realized this loss, and started contemplating on the situation. However, the avaricious webmasters began to threaten the poker rooms to keep quiet about the rake deal. This led to the players making their own model to make money from the online poker sites. The players turned webmasters and negotiated an accord by which, out of the 35% made by the websites 33% were given back to the players and 2% was kept back as a service charge. This made the players happy because they were getting back their due.

If you take a model estimate, you will find that a smart guy who will be able to contribute to $30,000 a month by way of rake to the casino will earn 33% i.e. $9,900 as the rake back, this will be more than what he could win at a table including all the bonuses. You should not be under the mistaken notion that it is only the smart guys who can earn so much money. Even an inexperienced person can sign up and make money. You just have to play $1/$2NL poker at four tables at a time 42 times a week, and you will be able to earn rake of $ 76,000. This is without even winning a penny at the table.

There are many people who make a living out of playing poker. If you can play more times than the above calculation, you will be able to earn more money. There are many people who want to get out of working for bosses, meeting deadlines, having meetings, sticking to work schedules and travel hazards. This will give you a chance to work whenever you want and earn without limits.

If you take just your skills into consideration, and are looking for ways to win, using your skills, then you can be sure that you will not be able to earn as much as you could, through the rake. Apart from that, you will be burning yourself out by using your brains to calculate the strategies to win. You will be a prudent online poker player only if you just take in the rakeback chances that come your way.

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Surviving The WSOP 2012

• Author: JJ Cage
• Filed under: Poker
• Date: Mar 9,2012

Now that the WSOP* 2012 schedule has been announced, poker players everywhere are now avidly looking forward to playing in the event, but are you prepared? Do you realize what to expect on-site? Do you understand the best way to prepare for lengthy, grueling days of playing alongside the globe’s top rated competitors?

Experienced and new players alike will show up at the event, but realize that many might be taking their very first shot at this key live tournament. Even very experienced live players have not added the main event to their list of tournaments played.

Whatever your experience, this article is Part 1 of 3 for anyone wanting to prepare:

Schedule: The event runs this year from May 27 to July 16, 2012 and event consists of 61 poker tournaments of various types (limit and no-limit hold’em, Omaha, etc.) and buy-ins. The best known event is of course the $10K buy-in main event (officially known as Event #61) but there are many smaller tourneys which players can participate in, with buy-ins ranging from $1K to $5K. If you want to drop major coin, play the Big One For ONE DROP, a cool $1 million buy-in. One change for this year is that there will be only three starting days for the Main Event, down from four last year. You can find a complete list of all 61 events for 2012 here. Complete info on schedule, structures and rules can be found at WSOP.com.

Places to stay: The tournaments are all held at the Rio once again this year. Even though not situated on the Strip, the venue is close for the Strip. Locations to stay certainly include the Rio itself, the Palms Hotel (just across the street), and any strip hotel, all of which are inside a 15 minute cab ride. Caesars properties including Caesars, Harrah’s, Bally’s, and so on typically have a totally free shuttle going to the Rio at various times. Most do, but not all, so ask the hotel once you’re planning your trip.

Other options are to get an apartment, condo or house. This is pretty attractive if you plan on going out for a month or more. Staying at a hotel all that time can get pretty exhausting with all the wading through gaming areas and the generally chaotic environment of any casino. It also may give you the ability to eat a healthier diet (more on that in Part 2-it is important) and also can save on food costs. Drawbacks include more hassles for transportation given that such accommodation is rarely near the strip. Finding a place to stay that you can count on being what you expect can be challenging but look for short-term rentals and sub-lets in real estate searches and forums or contact a real estate agent in Las Vegas for surest bets.

Location and layout: The Rio is a typical Vegas hotel, meaning it is a huge expanse of gaming, retail, restaurant and hotel areas. The event is held in the convention area at the rear of the complex. So do yourself a favor and skip the main valet and parking and head to the rear where there is a dedicated valet and parking area for the convention space. Tell taxi drivers to drop you off at this valet as well. You’ll still be doing some walking but this will reduce it down.

The basic layout covers two large rooms. Inside every area one can observe a sea of poker tables. This is a pretty wonderful sight for anybody who likes poker. One room is where most tournaments start off, sit and go and also other satellite and small tourneys take place, and cash games are run. A myriad of cash game types are provided (anyone for mixed triple-draw/Badugi/Omaha8? right this way…) and the action is quite good. This is also where the awards stage is located. The awards stage is the spot where bracelets are presented to event winners in brief ceremonies held at noon every day. It is interesting to see (at least one time) and included is the playing of every single bracelet winner’s national anthem, Olympics-style, throughout which all dealers stop games and most stand.

The other room is for tournaments only, and usually the later stages of tournaments although some start there. It is also where several televised table set ups are, used to shoot feature tables and final tables. If you’re a fan, you can actually watch final tables being shot live, although seating and standing is limited.

Finally, there are a few mostly exclusive players lounges set up by sponsors and also a general eating area. The general eating area has a handful of different food stations serving hot and cold choices. Many pan the food, but there is decent variety and even some healthy options so it’s not bad given the scale of the event. There are also a few on-site restaurants but you need to send a friend to reserve a table at those if you expect to use a tournament meal break to eat at any restaurant.

So now you have the lay of the land.

Visit pokerplyr.com for WSOP 2012 Guide — Part Two which covers “What to bring and How you can prepare.” You can also find Part Three at the site.

*World Series of Poker and WSOP are trademarks of Caesars Interactive Entertainment, Inc. or its affiliates (collectively Harrah’s). HIE does not sponsor or endorse, and is not associated or affiliated with pokerplyr.com or its products, services, or promotions.

JJ Cage is a poker player and is Chief Editor at pokerplyr.com. You can find his WSOP 2012 Guide — Part 2 here and get more great advice on surviving and succeeding at the WSOP. For thoughtful poker news analysis, useful poker tips, and must have poker info visit pokerplyr.com

The very best acknowledgement for no deposit poker bonuses

• Author: Viola Fuqua
• Filed under: Poker
• Date: Mar 8,2012

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People today are getting involved in number of poker online rooms to play poker with a thought in mind to win wholesome amount of cash that combined within hardly any bankroll which comes along with no or zero bonus. This playing idea is quite friendly to all those who are somehow less interested in gambling that are done face to face.

For that reason, it may collectively be targeted as very best source of data for all individuals who are discovering interest in the game for funds as there are actually many locations which might be really current for no deposit poker bonuses. It has been properly said that when individuals are getting an intense desire for anything, the same thing is bound to take location in some or the other manner.

It’s because of this truth that sites have elevated this reality of collecting funds in recognition for poker. The best part regarding the game is the fact that the players usually are not needed to face the other competent ones directly and they’re able to play it with full confidence.

Is poker resulting a new era of gambling with no deposit poker bonuses or is it legal?
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You will need to be incredibly assured concerning the web pages those are registered for activity of no deposit poker bonuses and are collecting handsome capital in an order to pay you back even though those of fake ones that are just taking advantage on the name of game are also present there.

No deposit poker bonuses: a stunt to attract people
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