What Does Rakeback Mean in Poker?

Rakeback is a system that allows players to receive a portion of the money that is taken by the house in the form of a fee. This fee is charged by online poker rooms and live casinos in order to make a profit, and rakeback allows players to get some of that money back.

Rakeback can be given in various forms, but the most common is through a rebate. A rakeback rebate is calculated by taking the total amount of rake that a player has paid over a certain period of time, and then giving them back a percentage of that amount.

For example, if a player has paid $100 in rake over the course of a month, and the rakeback rate is 30%, then the player would receive $30 back in the form of a rebate.

There are some conditions that must be met in order to be eligible for rakeback, and these vary from room to room. In most cases, players must have generated a certain amount of rake or have reached a certain VIP level in order to qualify.

PRO TIP:Rakeback is a reward system which gives players a percentage of the rake they pay back to them. Rakeback can be either a flat rate or a percentage of the rake, and can be given as cash or in tournament tickets. This can be an excellent way for players to reduce their losses, as they will be getting some of their money back.

Some rooms also offer special promotions that allow players to earn rakeback even if they would not normally be eligible.

Rakeback is an important part of many poker players’ income, as it can add up to a significant amount of money over time. It is also a major factor in deciding which poker room to play at, as some rooms offer much higher rates than others.

For example, PokerStars offers up to 60% rakeback to its VIP players, while PartyPoker only offers up to 30%.

In conclusion, rakeback is a system that allows players to receive money back from the fees charged by poker rooms. It is an important factor to consider when choosing a room to play at, as some rooms offer much higher rates than others.