Online poker rakeback deals are an agreement between a player and an online poker site in which the player receives a percentage of the rake generated back into their account. Rake is the fee charged by online poker sites for hosting a game, which is typically a percentage of the pot. Players can effectively reduce the amount of rake they pay by signing up for a rakeback deal, which can increase their overall winnings over time. Rakeback deals can also help players better manage their bankrolls and motivate them to play more frequently.
What is Rake in Online Poker Rakeback Deals?
In poker, the term "rake" refers to the commission fee charged by the operator of a poker game or tournament. The rake is typically a small percentage of each pot or tournament buy-in, and it is how the poker room or casino makes money from the game. Rakeback deals are arrangements between poker players and the poker room or affiliate that offer a percentage of the rake paid back to the player as cashback. The amount of rakeback a player receives is typically based on a percentage of the rake paid over a certain period of time, such as a week or a month.
A player might accept a rakeback deal, for example, that offers them 30% of the rake they make in a specific month. The player will receive $300 in cashback if they generate $1,000 in rake during that month. Rakeback deals are usually only available to players who sign up through a specific affiliate or partner of the poker room. These affiliates negotiate with the poker room to offer higher rakeback percentages to their players in exchange for bringing in more customers.
Online Poker Rakeback Deal is a Valuable Incentive
Poker Rakeback can be a valuable incentive for players, especially for those who play at high stakes or high volume. It can help to offset the cost of the rake and increase a player's overall profitability. However, not all poker rooms offer rakeback deals, and the terms and percentage of cashback can vary widely depending on the site and the specific deal.
It's important to note that some poker rooms have policies in place that prohibit or limit the use of rakeback deals. Additionally, some poker rooms offer loyalty programs or other rewards systems that provide similar benefits to rakeback deals. Players should carefully consider the terms and benefits of any rakeback deal before signing up, and should ensure that the deal is compatible with the site's policies and their own playing style.
Benefits of Online Poker Rakeback Deals
Let's take a closer look at some of the benefits of online poker rakeback deals.
The most obvious benefit of the online poker rakeback deals is the extra income it provides. Depending on your level of play, rakeback can add up to a significant amount of money over time. For example, if you generate $1,000 in rake per month and you have a 30% rakeback deal, you would earn $300 in rakeback each month. Over the course of a year, that would add up to $3,600 in extra income. This extra income can be especially beneficial for professional players who play poker for a living. It can help supplement their earnings from playing poker and provide a bit of financial stability.
Incentive to Play More
Another benefit of online poker rakeback deals is that it provides players with an incentive to play more. The more hands you play, the more rake you generate, and the more money you earn in rakeback. This can be especially beneficial for players who are trying to build their bankroll, as it allows them to earn additional income while improving their poker skills. Additionally, many poker websites offer bonuses and promotions for players who generate a certain amount of rake each month. These bonuses can be significant and provide an extra incentive for players to grind out more hands.
Online poker rakeback deals can also help reduce the amount of rake that you pay to the poker website. Since you're receiving a percentage of the rake back, you're effectively paying a lower amount of rake overall. This can be especially beneficial for players who play at higher stakes, where the rake can be significant. For example, if you're playing at a $5/$10 table and the website takes a 5% rake, you would be paying $1 per hand in rake. However, if you have a 30% rakeback deal, you would only be paying $0.70 per hand in rake.
Better Player Rewards
In addition to online poker rakeback deals, many poker websites offer other player rewards, such as VIP programs and bonuses. These rewards are often tied to the amount of rake that you generate, so players who generate more rake are rewarded more generously. For example, some websites offer exclusive tournaments and events for players who generate a certain amount of rake each month. These tournaments can have significant prize pools and provide an extra incentive for players to grind out more hands.
Additionally, many poker websites offer cashback programs that allow you to redeem your points for cash or other rewards. These rewards can be significant, especially if you're a regular player.
Rakeback deals can also increase accountability on the part of the poker site. Since players are receiving a percentage of the rake back, they are more likely to hold the site accountable for any issues that may arise, such as slow payouts or poor customer service. This can help ensure that the site provides a high-quality experience for its players and the players can play effectively and win without any extra issues.