A method for streaming a media file from a server to a client device is provided. The method provides for streaming requested chunks of the media file from the server to the client device. The method determines a rate for streaming the requested chunk to the client device by using relationships between the requested chunk, the media file, current chunks, and current streaming rates. Provided a seek operation is determined, the requested chunk is streamed at a burst rate or a throttle rate. The method is especially useful for reducing latency and saving bandwidth. A corresponding system for streaming the media file from the server to the client device is also provided.