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Online Poker – What is Rakeback and Why Might You Be Interested?
Are you interested in taking your online poker game to the next level? Many people have gotten into the online poker game in the last few years. Everywhere you look, you see poker being played. It’s the new online phenomenon that everyone wants to win at. The problem is, most players aren’t taking advantage of all the angles that can help maximize your profits. One of the best things around today is something that many players know nothing about. They aren’t aware of the huge rewards that many poker rooms are offering to their players as a sort of thanks for loyalty and play. Many poker rooms are giving money back to players via rakebacks.
If you have played poker online or in a casino, you know that each hand has a rake. Online, this can range from as little as.03 cents to $3 depending on the size of play you are involved in. Whether or not you realize, this amount can add up to quite a significant sum by month’s end. Suppose you played 100 hands a day. This is actually on the low end for many serious players. If you are averaging 100 hands per day at 30 days per month, that’s 3000 hands a month. Even if you are paying the smallest possible rake, that is $90 in rakes that you are paying out. Naturally, that cuts into your potential profit not actualized.
Imagine if there was a way to get a percentage of the rake you pay back each month. Well, many poker rooms are starting to institute these rakeback programs to lure new players in. Not all poker rooms have these programs, however, so you need to do your research. Another way to get rakeback is through an affiliate program. Basically, they keep track of all your hands played and give you a rebate on a percentage of play. As the percentages vary per room and affiliate, the range is quite disparate. Some rooms will give a rebate as low as 3-4% and some as high as 35-40%. The way it works is that they keep track of the total of amount of hands played per month and the rakes that were paid in. Then using a pre-determined formula, they will calculate the rake commissions you paid in and give back a percent back to you.
If you haven’t heard of rakeback before, it is the best way to turn a losing hobby into a winning one. Why play with poker rooms that aren’t willing to give you the player any money back? Rakebacks are a great way to expand your skills as a poker player but allowing you to win more money. If you are a member of a site that is not offering rakebacks, then you may wish to change rooms.