Anchor text is a separate issue from obtaining hundreds of links per day. Consistent anchor text is a sign of an artificial linking program. The links may be devalued or just not counted.
Originally Posted by extreme-seo
This emerged as a problem area around 2004 or 2005 when sites that were always using the same anchor text in inbound links saw a decline in their rank positions. Most likely, the repetitive links are just devalued or not counted. SEO-guy.com was always #1 in Google for the search word "SEO" prior to that. The forum owner had been encouraging all forum members to link to his site using only the anchor text "SEO" in footer links. At one point he had over 100,000 backlinks in Google, all of which used "SEO" as the anchor text. Initially, he dropped back to page 4 or 5. The site never reached #1 position after that. I think it is about #15 today, which is still not bad, but it is not the same as the solid #1 he held prior to the algorithm change.
You can see all of the anchor text in the links to your site in Google's Webmaster Tools. That should tell you if you have a potential problem. They added it to Webmaster Tools for a reason.
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