Rakeback Poker – How to get money back in Online Poker
If you are an online poker player, you are certainly familiar with the term “rakeback”. For those who are new in the field and unfamiliar with the term, rakeback is a portion of money that you can get back from the rake collected by online poker rooms. To understand the term more clearly, we need to first know what a rake is.
Rake is the money that online poker rooms collect from every hand that is dealt. This is their income, which amounts to a massive sum that the poker sites earn by offering players a convenient online poker room. Rake is collected as a certain percentage of each pot and from every hand that is dealt.
The general amount of rake collected is set at 5%, but this may not be the case for all online poker rooms. Whatever be the rake percentage, in totality, it amounts to an enormous sum for online poker sites. By offering rakeback, these online poker rooms are giving you a share of the collected sum.
However, not all players are aware of this scheme. Besides, most poker sites do not directly offer rakeback to its players. Rakeback is traditionally received through affiliate sites. These sites make a note of all the money that you invest into a pot and every hand that you play. When the online poker rooms pay the rakeback at the end of the month, the affiliate forwards the money to you.
Players earn a rakeback not only on real money games but also from the tournament fees that they pay. The percentage of rakeback is the same for cash games and tournaments, except for cash games rakeback is calculated depending on your contribution to the pot and the number of hands raked. For tournaments, a percentage of the fee is returned depending on the offered rakeback.
Typical rakeback offered by online poker rooms is between 27% – 30%. However, there are some poker sites that offer much more, such as 888 Poker and Juicy Stakes offering 36%, Party Poker 50%, Full Tilt Poker 65% and so on. Where online poker rooms offer rakeback option directly, players have to choose between receiving rakeback and benefits of their loyalty program. The decision is yours!
Rakeback is often the fastest and the easiest way to increase your bankroll. If you are a player with a small bankroll, then choosing rakeback would be the most advisable thing to do. Since bonuses have a high wagering requirement and a stipulated time for achieving it, rakeback makes a better option.
It takes a lot of cash games and tournaments to be able to achieve enough points for meeting the bonus requirements. After all it is free money that you are receiving! On the other hand, if you choose rakeback, you are certain to get back a percentage of the raked hands. This is paid into the player’s account weekly or on a monthly basis.
Observations show that even players with a small bankroll and playing at micro stakes cash tables can earn a minimum of $1,000 from rakeback each year. This is just a small example of what you can earn. Considering the number of players that visit the real money games at various online poker rooms, the sums earned in the form of rakeback could be huge.
The best part is that you do not have to be a winner. You get to collect rakeback even if you lose. Also, if you do not play the hands to the end, you are still entitled to the rakeback. This makes it all the more profitable. So start signing up to enjoy rakeback poker rewards today.
Bovada offers Casino, Sports & Poker games!
Allows US players and accepts bitcoin!