Understanding Rakeback

If you haven’t heard of rakeback yet then you may have been living under a rock for the past year. Rakeback has been around for longer then a year now, but it didn’t really become popular until recently. If you’re unsure about what rakeback is we’re going to take a look at the definition quickly. It’s important you know what rakeback is before you try and start looking for a rakeback deal or else you could potentially get a bad deal.

• Rakeback for those of you who don’t already know is really simple. Poker rooms need to stay competitive in this fierce market because they know that we as players are going to play with the most rewarding poker rooms. Rakeback is a form of rebate for a player. Every single real money hand and real money tournament played in an online poker room is raked. Generally the poker room would keep the entire rake that they collect as their profit for running the poker room. Nowadays the poker rooms have started giving players a percentage of the rake back. The percentage of rakeback you receive is solely based on the poker room you play with and deal you manage to secure.

If you’re tired of leaving free money on the table then now is the time to start taking some of it back. There are lots of benefits as to why you should have a rakeback deal and not very many negatives. The only negative that there really is, is that you need to sign-up for a new poker account with a poker room you have never played with. If you don’t have a problem doing this then you won’t find any other negatives about rakeback. Some poker rooms don’t allow you to earn bonuses which is a negative, but at the same time many poker rooms still allow you to earn bonuses with rakeback or not. I would recommend joining a poker room that will still allow you to earn bonuses.

Once you have your rakeback account everything else is the exact same. You will be able to fund your account and play poker as you normally would except now you’ll receive money back into your poker account once a month. If you would like to see extra poker funds appearing in your account each month then rakeback is for you. Almost every poker room has a rakeback program in place nowadays except for Poker Stars, but we’re going to tell you why Poker Stars doesn’t in another article so make sure you read why if you’re wondering.

Rakeback has helped thousands of poker players turn losing months into breakeven months or better. If you’re already a winning player then you’re only going to be adding to your bottom line by adding rakeback to your arsenal. If you want to figure out how much rakeback you can roughly earn from the amount of poker you play then you should use a rakeback calculator. There are lots of rakeback calculators online and they will give you a good indication as to how much money you’ll make.