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Rakeback is a refund of poker room rake that has been charged from a player. Rake is how poker rooms make money.
To know very well what is rakeback, you need to 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 Full Guide not against the house. Think of rake as a small entry fee taken through the poker room for organizing the games.
Poker players do not directly lose any money to the poker site, however 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 exact same 5% of pot size as in brick and mortar casinos, and depending from stakes it may be anywhere from around one cent to five dollars.
Some online poker sites display the total amount of rake obtained from a pot, but none show what your individual rake contribution has been. For accounting purposes however your personal rake is recorded in the poker site backend, and rakeback is determined by 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 that have been dealt cards. For example if there are actually ten players sitting at the table and total rake is $1, each player will be assigned 10 cents of rake.
Within 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 ensure you sign up for it today.
Rakeback is a way for you to save on poker rake costs. By creating your new online poker room accounts through Rakeback provider you will save on average 30% associated with any rake you pay. Once your poker account is registered you can keep track of all rake you pay to the poker site. And based upon revenue share agreement made between the poker site as well as your Rakeback provider they are going to credit your poker account with rakeback payments of your rake. Rakeback is normally paid once per calendar month, directly back to your poker account.
