What Is Rakeback
- Filed under: Poker
- Date: May 8,2010
If you are playing poker online and not getting rakeback, or don’t know what rake back is, than this article can save you a lot of money. Rake back can make a losing poker player into a break even player, a break even player into a modest winner, and a winner into a poker superstar. So rises the question…”What is Rakeback and is it right for me?”. Read on.
Rakeback is defined as the rebate that you get from the money that you pay the poker house. Every hand that you play is charged accordingly and a piece is taken by the poker house. The money that they get is what we call the rake. The poker house usually charges from $1 to $5 for each pot played. With the help of these charges, the casinos and online gaming rooms are able to pay their personnel. Most of the time, you may see that these rakes are small and very insignificant. However, look at it closely; the house is already gaining much money from your game. With this, you can get a rebate. You can now ask how.
Online rake back providers will record your every online game and the amount of rake that you pay. The rebate that you will receive is computed by dividing the amount of rake against the total number of online players at that table. Let’s say that there are $3 for 6 players, naturally each player would be responsible for $.50 at the end of the hand. The payout is usually between 25% or 50% of the rake that you have paid. This amount is still very insignificant if look at it carefully with $3 and 6 poker players at that specific table. You can get $.25 for that hand if you had %50 rakeback. On the other hand, if you have over a thousand hands, that would generate you $250. If you are playing 10,000 up to 30,000 hands per month, imagine the amount of rakeback that you will get. Surely, your rakeback would grow faster if you are playing multiple online poker tables at once. There are some poker players that earn $5000 monthly using rake back. That money is entirely different form the money that they win at the tables from their opponents.
Rakeback is beneficial even for casual players who play only a few hundred hands a month. There is no minimum number of hands that you need to play, and you can start earning rake back at even the lowest limits available. This is extra money that the house normally keeps, You can play at your normal online poker room with nothing changing. If you don’t care about a few hundred dollars here and there, why not wait and cash out all of your rakeback at the end of the year and have all of your Christmas shopping paid for. It is free to sign up for a rakeback account and there are no fees associated with rakeback.
It’s your money, so why let the poker room keep it. If you play online poker at all you should definitely look into getting a rakeback account set up.
For information on how to start your own rakeback business check out the complete Rakeback SEO Tutorial and also make sure to stop by and get your Poker Themes for Drupal from pokerblogthemes.com.
categories: rakeback,online poker,poker,gambling,games,casino,recreation,entertainment,making money,money,business
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