Summary Of Rakeback
Rakeback is a term that many on-line poker players are not familiar with. These are the fees that a person pays for each pot that is played on a poker game. A person playing poker for several hours per day, or playing several tables, can spend a lot of money on the rake of the games they play.
When a player enters a game they usually pay around 5% on the pot in rakeback. The cap for most of the on-line poker sites is three dollars. The fees can rake up fast when a person is playing multiple games. This is where the term “rakeback” originated.
The calculations for a rake are different for on-line poker websites. Some calculate the rake on the pot and number of players at a table. Other sites make the rake calculation based on the pot and the number of people actually playing for a pot. Research has shown that the websites make about the same amount of rake with either calculation method.
A player has the opportunity to get some of their rake back by participating in a rakeback plan. Poker sites who participate in rakeback pay an internet rakeback site from 35% to 45% of the rake that they collect on each pot. The rakeback site then pays individuals a percentage of the money collected based on the plan that they are participating in.
When a person visits a rakeback website they will find a list of poker sites that participate in the website’s program. The list will include the percentage of rake being paid by the poker site. In addition, the list includes information about any promotions that a particular poker site may be offering.
There are many on-line poker sites that offer bonuses to players to register with them. The bonus is added to the deposit that the player makes. Usually the bonus will match a deposit up to a maximum amount. This money is added to the deposit and the rakeback is paid on the total amount when it is played.
There are many incentives offered when one registers with a rakeback website. Some of these sites only work with on-line poker sites offering rakeback and bonuses through the site. An individual playing poker on one of these sites will receive rakeback from the on-line poker site and rakeback from the rakeback website. Working with a rakeback website offers one the advantage of finding the highest paying on-line poker sites that offer maximum earning potential.
Rakeback is unique to on-line poker and many players do not know the benefits they get from participating in a rakeback plan. A person receives rakeback when they are registered and play whether they win or not. This can offset losses, wins, and fees paid for a person who plays poker on-line.
The author is a successful limit cash game player. He plays poker and receives Virgin Poker Rakeback and Players Only Rakeback.
