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Rakeback is a refund of poker room rake that has been charged from a player. Rake is how poker rooms earn money.
To know what is rakeback, you must first learn how poker rooms make profit by charging rake from all real money players. Rake will be the only way for poker rooms to earn money, since unlike with other casino games, in poker the players are wagering money against other players and not against the home. Think of rake as a small entry fee taken by the poker room for organizing the games.
Poker players don’t directly lose any money to the poker site, though the site is steadily raking in micro payments from every cash game pot and tournament entry. The proportion of rake taken online is roughly the same 5% of pot size as in brick and mortar casinos, and depending from stakes it can be between one cent to five dollars.
Some online poker sites display the total amount of rake provided by a pot, but none show what your individual rake contribution has been. For accounting purposes however your personal rake is recorded within the poker site backend, and rakeback is according to these rake reports. You will find two main ways that poker sites use to calculate your individual rake contribution: shared and contributed.
Within the shared method, rake is divided evenly among all players who were dealt cards. For example if there are actually ten players sitting at the table and total rake is $1, each player would be assigned 10 cents of rake.
In the contributed method, players must contribute money to the pot to get assigned rake. The rake a player gets credited with is proportionate to the total amount of his/her pot contribution. If you were to contribute $50 to a pot of $150 as well as the total rake taken was $3, you will be assigned $1 rake.
If you play poker, Rakeback is free money so make sure you sign up for it today.
Rakeback is a way that you can save on poker rake costs. By creating your new online poker room accounts click through the next site Rakeback provider you will save usually 30% of the rake you pay. Once your poker account is registered you may keep track of all rake you pay to the poker site. And determined by revenue share agreement made between the poker site as well as your Rakeback provider they will credit your poker account with rakeback payments of your rake. Rakeback is normally paid once per calendar month, directly back to your poker account.
