A Rakeback Summary
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.
On-line poker sites calculate the rake for each pot in a game. This amount usually is 5% of the pot and caps out at $3 per pot. But, if a person plays many pots each day this fee can quickly add up. The fees can “rake” up fast. This is where the term “rakeback” came from.
An on-line poker site may figure the rake based on the amount of the pot and the number of people sitting at a table. Other sites figure the rake based on the actual people playing the game and the total pot. The amount that is paid is about the same with either type of calculation.
Once a person knows that there is a way to get part of their rake back they begin to search for rakeback plans that are available. There are many rakeback websites which offer players a return on the rake that they play for each game. These websites work with the on-line poker sites that pay up to 45% of the rake they receive to the rakeback site. A person is paid a percentage of what is received by the rakeback website when they are registered with that site.
Each rakeback website works with specific on-line poker sites. The rakeback website shows a list of on-line poker sites, their percentage of rake, and other information that will help the player. They also show any promotion, tournaments, or contests that are being held on that site and the amount of money that is available to players.
Some on-line poker sites offer bonuses to people who play at their tables. The bonuses are provided when a person deposits money to play. Some of these bonuses match the deposit to a maximum. When a player puts more money in than the maximum bonus, the bonus is automatically paid.
There are many incentives offered to registrants on rakeback websites. Many of these sites work with on-line poker sites offering rakeback at their site. An individual can play poker on the on-line poker site and receive rakeback at the site. Then, they receive money from the rakeback website as well.
Rakeback is a great way for an individual to accumulate money that they may not have known was available. For poker players who spend time playing multiple tables each day, a rakeback plan can give them money back on each game they play whether they win or lose. By doing the necessary research to find a rakeback website that works closely with their on-line poker partners one can increase earnings significantly.
The author is a successful limit cash game player. He plays poker and receives Absolute Poker Rakeback and Ultimate Bet Rakeback.