Poker rakeback is a concept that many online poker players are familiar with. It is a way to earn back a percentage of the money that you spend on playing poker games in an online casino or poker room. In this article, we will explain the concept of poker rakeback in detail and how it works.
What is Poker Rake?
Before we dive into how poker rakeback works, let’s first understand what poker rake is. When you play poker games in an online casino or poker room, the platform takes a percentage of every pot as a commission for providing the platform for you to play on. This commission is known as ‘rake’.
How Does Poker Rakeback Work?
Now that you understand what rake is, let’s discuss how poker rakeback works. When you sign up for a particular online casino or poker room, they may offer you a deal where they will give you back a certain percentage of the rake that they collect from your gameplay. This is known as ‘poker rakeback’.
For example, if an online casino offers 30% rakeback and you spend $100 on playing poker games in their platform, they will give back $30 (30% of your total spending) to your account as ‘rakeback’. This amount can vary depending on the terms and conditions set by each casino.
Benefits of Poker Rakeback
There are several benefits of using a poker rakeback system:
1. It helps reduce your overall expenses: By earning back some percentage of your spending on playing poker games, you can effectively reduce your overall expenses.
2. It boosts your bankroll: The extra money earned through rakeback can be used to boost your bankroll and increase your chances of winning big.
3. It incentivizes regular gameplay: Knowing that you can earn back some portion of the money spent while playing incentivizes regular gameplay and can lead to better results in the long run.
Types of Poker Rakeback Deals
There are two types of poker rakeback deals:
1. Contributed Rakeback: In this type of rakeback deal, the amount you earn back is calculated based on the percentage of rake that you contribute to each pot.
For instance, if you contribute 50% to a pot that has a total rake of $10, your contributed rake would be $5. If the poker room offers 30% contributed rakeback, then you would earn back $1.50 (30% of $5) as your rakeback amount.
PRO TIP:Rakeback is a reward offered by online poker sites to players who generate rake (the fee taken by the house for providing poker games). It typically takes the form of cash back or tournament tickets, and is calculated as a percentage of the rake paid by the player. To maximize your rakeback rewards, it’s important to join an online site that offers generous rakeback deals, and also make sure to take advantage of any loyalty programs or other promotions they might offer.
2. Dealt Rakeback: In this type of rakeback deal, the amount you earn back is calculated based on the number of players dealt into each hand at the table.
For instance, if there are 8 players dealt into a hand and there is a total rake of $10, each player would have contributed $1.25 towards the rake. If the poker room offers 30% dealt rakeback, then each player would earn back $0.375 (30% of $1.25) as their individual rakeback amount.
Conclusion
Poker Rakeback is a great way to earn back some portion of your spending while playing poker games online. By understanding how it works and taking advantage of it through different types of deals offered by various online casinos and poker rooms, you can effectively reduce your overall expenses and increase your chances of winning big in online poker games.
9 Related Question Answers Found
Poker is one of the most popular card games in the world. Millions of people play this game for fun, but there are also many professional players who make a living playing poker. If you’re one of these players, you may have heard about something called rakeback.
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