This is a wake up call for people who play online poker concerning profits and long term results and the fantasy of actually making money doing this which for most people is a total pipedream.

I won 4 bb over 185k hands.. made $180,000 dollars playing 1/2 nl or higher .. paid 115,000 bucks in rake!! 4 bb/ 100 is strong and i'm still paying 66% of my profits back in rake fees!! This was on full tilt and i have pt3 stats to prove this.
I have won over $300,000 bucks playing online poker and prob have only got to keep about 120k of this!! The sites get away with this cuz u guys are generally not educated whatsover about the long term math of how rake affects your bottom line and also cuz u guys generally speaking do not have the courage to search out, sign up, support, and help get games going on lower cost sites that are out there and operating this very second.

I"m a pro poker player. I"m not rich but i'm getting by but would be very well off if the rake fees were not highway robbery. I did just pay cash for my house though so no rent or mortgage forever.. happy about this at least.

Btw smart people buy their houses at auctions only and uneducated people don't. This advice is worth way more than a college education!! I got my house 75% off retail.. saved 60k there.. and saving about 240k by not getting a ripoff stupid mortgage like the average idiot. So yeh i'm on my way to being rich at least.

If i'm paying 66% of my profits back in rake.. what do u think u are paying? The answer is your prob have no chance whatsoever of winning money playing online poker. I say this cuz most people are not winning close to 4 bb/ 100 playing over 1/2nl. If u play for fun great. Just don't be ridiculous and think u are actually going to win money unless u are winning at least 4 bb/100 playing over 1/2nl.

IF only everybody would just support some of the real money online poker sites for real money that are available to play on this very second that have modeled themselved 85% cheaper than stars, tilt, and every other overraking site out there.

Do u know there are sites out there which charge almost nothing compared to the big ones? They are like the wal mart of online poker.
Only problem most people are dont have the smarts or the courage to be one of the people who initially sign up and help get games going for the benefit of your profits and the long term profits of all online poker players.

play higher or get a job.. i mean things won't get any better..

p.s.: nice wins anyway!

unfortunally this is the way it is, and it is very hard to do somethin about it

Rake is taken in, win rate goes down. Never a miscommunication. You can't explain that!

no it isn't. lol

no real cheap rake site with traffic right now amirite. someone has to start tho. u go

OP doesn't have rakeback?

yes i get 27% rakeback on full tilt.

I play at a few other sites though where i get 100% rakeback and another one has a model that essentially i get 85% rakeback. If only everybody played there the winning players who beat the competition might actually have fun cuz they make money!

I've started a group to fight high rake fees on facebook.. Name is todd wilson from dayton ohio. I dont know if i'm allowed to post the link on here though so. U can add me as a friend on there if u want though.

lol, worst level ever.

therrible thread

"Do u know there are sites out there which charge almost nothing compared to the big ones? They are like the wal mart of online poker. Only problem most people are dont have the smarts or the courage to be one of the people who initially sign up and help get games going."

And so those sites suck, also have a much higher probability of insolvency. Anyways did you include rakeback in your figures, otherwise you're being dishonest I think.

lol, for raking so much you can find cca 80% of value back on some sites. Affiliates will kill for rakers like you.

They sell your house at a retail store? Thats odd.

I'm surprised a site hasn't implemented an ad network where sponsors show up in the center of the table. This coupled with charging half the rake of the regular sites seems workable. I suppose getting major sponsors could be an issue. But you could offer ad space to local areas and cities via geo-location. So smaller businesses that are within the area of players at a table can have an ad shown to that particular player. All ads vary on location and you can run big national ads too.

Thanks for this new information

How exactly do you plan to combat this?

I wish rake were higher so I could have more fpp's. Actually I wish you could just buy fpp's and skip the poker.

75% off retail for your house and saved 60k....uhm u live in a pos and who the f pays 240k on a 80k mortgage?

We, the uneducated rabble, cannot comprehend your message.

my house retails for 80k.. i paid 20k cash for it.

If i did pay 80k and had a mortgage i'd pay 240k to 320k for it with the interest of a ripoff for idiots only mortgage. I think mortgages are a scam.
I'd only get one if i planned to flip a house.. not stupidly pay it off over 30 years. Smart people pay cash for homes at auction.

I dont care if u have a good job.. how u going to get rich when 300k in debt to a bank then have to pay your bills etc etc of the next 30 years?? The answer is u will not get rich and be a slave to the bank for the remainder of most of your life. IF u want to get rich.. pay cash at auction!

playing a .5/1 game the house takes 1bb/hand LOL

thats 100bb/100

my car retails for 80K

Did you know that in some places the governments tax your poker winnings? This is stupid and any1 living in places that tax are idiots. They should all move to places that don't tax you.

Come back after the next tornado wipes out your house trailer.

i heard that if u have tier 2 black card u get 55% RB if you buy bonuses with ya points, dont know how accurate that is exactly but sure sounds better than 27%

Hey da33le i'd like to talk to u about the taxes concering online poker. U seem to maybe know alot about this issue.

Anyway could i could get ahold of u on skype or something. I dont see a pm mailbox for my account on here. I do not know why.

What if your house costs $300,000 and you have just over $300,000 in cash? Should you buy it, and have no cash leftover for life or turning into more money? Or should you get a conventional mortgage, have $240,000 in cash left while paying ~$1500 a month payments, and use that $240,000 to make you more money?

Whether you should buy a house straight cash or get a mortgage depends on a lot of things but most of the time it will make sense for people to not pay straight cash...