Doing Business by Playing Online Poker Gambling – For players in online poker gambling games, it is often one of the promising business opportunities for the players.
As you already know some of the important principles from the first three articles of this series it’s time to decide which poker site you choose to play at. In this section I will make a comparison of online poker sites to make your choice easier.
First of all, let’s clarify one thing. idnplay rake plays an important role in our financial results. What taxes for companies, rake is the same for us. Both taxes and rake increase as the production volume (in this case the number of hands played) increases. Companies have to “beat” taxes to stay profitable, the same is true in poker.
This series doesn’t try to highlight first deposit bonuses, VIP rewards and rakeback as the excess cash you can earn. It’s not really them, but a marketing trick that looks a lot better for the Average Joe. If you want to see poker as a business, you have to look deeper into the numbers.
Keep this in mind: “Striking bonuses and special offers are mostly just a reduction in the rake you pay.” I will keep this perspective in mind throughout the article. Accept that rake is part of the equation. It can be hit. You can beat him too. Tax optimization alone can turn a business at a loss into a profitable one. And this is exactly what this article will be about: optimizing your rake.
There are currently two online poker sites on the market that are large, authentic and have many active players: Full Tilt Poker (FTP) and PokerStars (PS). There are tens of thousands of players playing at any given time on both sites. On PS numbers this varies depending on the day and time of day, but it is between 80 000 – 400 000 players. On Full Tilt the number of players is between 40 000 – 150 000. Both sites are totally reliable, it can’t happen that this site goes bankrupt, doesn’t pay your withdrawals etc.
We compare the two sites in the following paragraphs. Both are very transparent and user friendly. Other sites like Bodog or Party Poker cannot compare to the “top two” when it comes to player volume or software quality.
Full Tilt Poker
Briefly what the site has to offer: there is 27% rakeback, Full Tilt Store to spend your bonus points, Iron Man Bonus program for regular players to get more bonus possibilities, Black Card bonus program (this last program, Black Cards are very hard to achieve if you are a beginner because you need to play daily multiple hands on the site to qualify). The rake is calculated based on the contribution weighted rake method.
This site does not offer rakeback, but instead develops a VIP program. Depending on what level and how many hands you play, you accumulate points. Based on the number of accumulated points, you get a VIP bonus which has the same value as 8.8%-63% rakback. Points are accumulated based on the method of raking performed.