Rakeback Benefits
When poker players are playing poker on the Internet, one of the fees that is paid is called a “rake”. The rake is paid by players on each pot in a game. For an individual who plays a lot of on-line poker there are many benefits to participating in a rakeback plan.
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.
The calculations for a rake are different for on-line poker websites. Some calculate the rake on the pot and number of players at a table. Other sites make the rake calculation based on the pot and the number of people actually playing for a pot. Research has shown that the websites make about the same amount of rake with either calculation method.
A player has the opportunity to get some of their rake back by participating in a rakeback plan. Poker sites who participate in rakeback pay an internet rakeback site from 35% to 45% of the rake that they collect on each pot. The rakeback site then pays individuals a percentage of the money collected based on the plan that they are participating in.
When a person visits a rakeback website they will find a list of poker sites that participate in the website’s program. The list will include the percentage of rake being paid by the poker site. In addition, the list includes information about any promotions that a particular poker site may be offering.
There are many on-line poker sites that offer bonuses to players to register with them. The bonus is added to the deposit that the player makes. Usually the bonus will match a deposit up to a maximum amount. This money is added to the deposit and the rakeback is paid on the total amount when it is played.
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 has played poker full time since 2005 and makes the majority of his income from online poker. He currently plays poker online and gets RakeBack at Poker Nordica.
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