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.
Rakeback is a system that allows you to earn back a portion of the money that you pay in rake fees when playing online poker. Rake fees are charged by online poker rooms as a small percentage of the pot, and they can add up quickly over time. With rakeback, you can get some of that money back and use it to boost your bankroll.
So how does rakeback work exactly? Let’s take a closer look.
Firstly, it’s important to understand how rake fees are calculated. The amount of rake that’s taken from each pot will vary depending on the online poker room you’re playing at and the stakes you’re playing for. Generally speaking, the higher the stakes, the higher the percentage of rake that will be charged.
For example, if you’re playing at a $1/$2 no-limit hold’em table, there might be a $0.50 cap on rake for each hand. This means that if there’s $30 in the pot by the time it’s been won or lost, then $0.50 will be taken as rake by the online poker room.
Now let’s say that you’ve signed up for a rakeback program with this online poker room. Depending on the terms and conditions of your specific program, you might be able to earn back 30% or more of this $0.50 as cashback.
This means that instead of paying $0.50 in rake fees and losing it forever, you’ll get $0.15 (30% of $0.50) back into your account as part of your rakeback deal.
It might not sound like much, but over time these small amounts can really add up. If you’re a regular online poker player who plays for several hours each day, you could easily be paying hundreds or even thousands of dollars in rake fees each month.
By signing up for a rakeback program, you’ll be able to recoup some of this money and put it back into your bankroll. This can give you a significant advantage over other players who aren’t taking advantage of rakeback deals.
So how do you sign up for a rakeback program? The process will vary depending on the online poker room you’re playing at. Some rooms have their own in-house programs that you can sign up for directly through their website, while others may require you to go through an affiliate website.
In general, it’s best to do some research and compare different rakeback programs before deciding which one to sign up for. Look at things like the percentage of cashback offered, the terms and conditions of the program, and whether or not there are any fees associated with signing up.
It’s also important to note that not all online poker rooms offer rakeback programs. Some rooms have chosen not to participate in these types of deals due to various reasons such as their own promotions or legal issues.
In conclusion, understanding how rakeback works in online poker can help you boost your bankroll and give yourself an edge against other players. By signing up for a good rakeback program, you’ll be able to earn back some of the money that would otherwise be lost as rake fees. As with any type of deal or promotion though, make sure that you read all the terms and conditions carefully before signing up so that there are no surprises down the line!
