An Online Poker Players Guide to Rakeback Poker

By Thomas Kearns

If you are a regular of online poker, you should be getting rakeback. What is rakeback, you ask? If you don?t know you have been missing out on a lot of money. Rakeback has the ability to turn a loser into a breakeven guy, a break even guy into a winner and a winner into a colossus of poker. The following will help you immeasurably to get the most enjoyment out of your online poker experience.

Rakeback is basically a refund on a percentage of the rake that you pay. Nearly every hand that you play will have a small piece taken out for the house. This small piece is called the rake. Generally the house takes $1-$5 out of the pot for themselves and that is how the casino or card room makes money to pay their employees and turn a profit on poker since you are not playing against the house. At the time the rake can seem insignificant as it happens only a few bucks at a time. But if you look at the big picture, you’ll see that the house is taking an incredible amount of money off of the table over a long period of time. Now you can get some of your share back. So how does it work?

The rackback provider tracks your online play and the amount of rake that is taken from you. It is normally calculated by dividing the dollar amount paid by the number of players at the table. Thus, a pot is raked for $3 and there are six players, then each player would receive $.50 back in this case. The rakeback provider will give you a percentage of the half-dollar back at the end of some period (day, week, month, etc). This payout usually amounts to between 25% and 50% of the total rake you generated.

This can still seem to be a sum too paltry to pursue, but let?s look further. One hand with a $3 rake, 6 players around the table and 50% rakeback. This amounts to a silly little quarter. But step back a little and take a grand view of things and you quickly realize that if you play around 1000 hands a month you could make $250 in hard cash money. And if you are really a poker freak and play 10,000 or 30,000 hands per month, now we are talking some real money. If you are a multi table player, you must absolutely sign up for the rakeback program. There are players who regularly take in over $5000 a month in just rakeback. $5,000 above and beyond whatever their monthly winnings amount to.

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 rakeback 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.

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Tags: Business, casino, entertainment, fun, gambling, Games, making money, money, Online, poker, rake back, rakeback, recreation

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