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.
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.
Poker sites have different ways of calculating the rake for each pot. Some figure the rake based on the amount of the pot and number of people at the table. Other website figure the rake on the number of people who are actually playing for the pot and the amount of the pot. In either case the amount of rake paid is normally almost the same.
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.
Rakeback websites work with different on-line poker sites and they show a list of the participating on-line poker sites. The rakeback site will also show the percentage of rake that a poker site is paying, any promotions or tournaments that are being held on the site, and other money that may be available to players on that site.
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 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 online and receives Players Only Rakeback as well as Rakeback at Absolute Poker.
