What is Rakeback?
Rakeback for Online Poker
Rake is how poker rooms make their money. That is the money that the poker rooms deduct from every pot. Usually the rake is a couple of percent with a cap at around $3 at the highest limits. There is also rake on tournaments, where the large portion of the buy in goes to the price pool, and a little fee goes to the poker site. The poker rooms make huge money from the rake the players contribute with. It is not unusual that a single player pay $3000 to the poker room every month, and that’s just one player. A poker room with more than 10,000 active players earns quite a lot of money to say the least.
Rakeback is a refund to the players. Poker players receive a percentage of the rake they pay to the poker room. A normal rakeback offer is between 25 and 40 percent, but sometimes players can get an even better offer. If you receive 35% rakeback, and rake $1000 one month, you will get $350 back. The more you rake, the more you get back. That is basically what rakeback is about.
If you want to get rakeback you usually have to sign up at a poker room through an affiliate. An affiliate is someone who signs up players and earns money from the players’ rake. There are many sites that are affiliates and can offer players good deals. The rakeback site earns a couple of percent of your total rake back, but the major part of it goes back into your bankroll.
Some of the poker variations are better suitable for a rakeback deal. If you play shorthanded poker, you are involved in more pots, and therefore pay more rake. If you play at more than one table at the time you also play more hands, and pay more rake. When you are involved in a lot of pots you should definitely play with rakeback.
I don’t see any downsides to
rakeback. If you can get some money back why wouldn’t
you take it? Maybe you have to switch site, because you only
get the deal when you have created a new account. But that’s
not a lot of work. You will earn a lot of cash, or save cash
depending on how you look at it. Just do it!
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