Poker Rakeback

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About Poker Rakeback and how it Works

As a poker player, you often come across the term “rakeback”. Before we get into a discussion about poker rakeback, let us first understand what rake means. The poker room charges a fee for hosting the poker games which is known as rake.

How online poker rooms earn profits

Unlike in casino games where the player plays against the house, in poker, the players are placing their bets against other players. The poker room can only make money from the rake, which is the fee it charges each individual real money poker player. Rake can be a small percentage of the pot in cash games while it is the entry fee for a poker tournament. The rake is a miniscule amount in proportion to the overall pot size. By charging a tiny rake on every cash game and tournament, the poker room rakes in substantial profits. Generally, the rake is roughly 5% of the pot size and can range from anything between one cent and five dollars.

Defining Rakeback

In simple terms, rakeback means a cash refund of a small portion of rake by the online poker room. When you play poker online for real money, you want to maximize your profits by making the most of your bankroll. Paying rake to the poker room takes away from your bankroll. When the poker room pays back a portion of the rake to you, however small it may be, it is still an increase in your bankroll. The concept of rakeback is similar to a bonus – it is a means to induce you to play more at the poker tables. The more you play, the more rake you pay. If you join a poker room that offers rakeback, you are making a slightly better use of your bankroll.

How does rakeback work?

Usually, the rakeback is paid through an affiliate site. Players must sign up at the site through the affiliate that keeps track of the rake paid by the player. Depending on the agreements between the poker room and the affiliate, the rakeback is credited to the player’s poker account each month. If you sign up at interpoker.com through Pokerrakebackonline.net, you are entitled to 30% rakeback.

You might be wondering why the poker sites are giving back the money they worked so hard to get off you in the first place. That is because a rakeback deal makes business sense for the poker room. By giving you a small part of the fees back, the poker sites expect you to use that money to play more poker which in turn generates more income for them in the form of rake.

How Rakeback is Calculated 

The total amount of rake taken from each pot is displayed prominently on some poker sites, but you don’t know the exact amount of rake taken from each individual player. When you look at the rake from an accounting point of view, there are two ways in which the rake is calculated by poker rooms and these are the shared method and the contributed method.

In the shared method, the rake is divided equally among all the players that were dealt the cards. The contributed method on the other hand depends on the contribution made by the players to the pot. Suppose you contributed $ 50 to the pot of $150, 5% rake works to $3 of which your share of rake is $1.

The individual rake is recorded by the poker room and based on these rake reports, the monthly rakeback is calculated for each player and credited directly to their poker accounts.

The Importance of Rakeback

As we mentioned earlier, we all want to make the most of our poker bankroll. By paying a rake to the poker room, we are losing a portion of our bankroll that could have been used to play more real money games. When players sign up at a poker site that offers a rakeback deal, they will get back at least 30% of their rake on an average. This is an addition to their bankroll making it worthwhile to play poker. Check out Interpoker.com – it is one of the reputed poker sites to offer 30% rakeback deal to its players. However, to be eligible for rakeback, players must generate a rake of at least €100 in a month.

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