Working as a poker prop
What exactly is a proposition player or a prop? Well it is basically a poker player who works for a casino or card room. They work for the casino or card room in a way that keeps games going or starts poker games. Your average poker player does not want to start a poker game and nor do they want to play short handed. So when a prop player sits at an empty game then they are starting the process of making the table full because a full table has to start from an empty table at the end of the day.
A prop player is obviously paid for this service because it helps to make the casino money. Online poker sites tend to pay their props a far higher rakeback as a result of this and I have seen rake rates from 75% to as high as 150%. In live casino card rooms then the props sometimes play for wages or they play without table charges. It goes without saying then that a prop must be very experienced at playing short handed and heads up poker. Online sites tend not to pay props once a game fills up and the prop then has to go and find another game to start up.
I have known some props who were making thousands of dollars a month in rakeback but this does attract the type of player who finds it appealing to actually work for a poker site. Getting paid wages means that you could essentially be in a situation where you could even have a losing month or a break even month and still make money. If you were making $4000/month as a prop player then what a tremendous incentive that is to not have to press on the actual games. If you broke even on the actual tables themselves then you would have a $4000 month.
But if you managed to make say $3000 on the tables then this would set up a great month for you. There are certain games that are better for props than others and six max PLO and six max limit Texas Hold em are two such games. This is because of the very large number of flops that players see in these two forms of poker. Because PLO starting hands are so marginal then more players see flops in that form of poker and when that happens then more rake is produced. This means that a prop who is playing this form of poker can make excellent money with a 100% rake deal.
Likewise with a game like limit hold’em which at the lower levels are brutal rake collection machines. But a player who was playing say six tables of $1-$2 and $2-$4 limit could be raking $50/hr. This is a terrible handicap to overcome but when you get the rake back and are on something like a 100% rake deal then you are in effect earning $50/hr from the rakeback. So if you were to carve out an extra $10/hour on the tables then you would be making a nice $60/hr and working a fifty hour week would generate you $3000/week.
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