What Is Online Poker Rakeback?

July 3, 2010

There are many online poker web sites nowadays that offer you online poker games. This is obviously good news for poker lovers. This allows you to easily make money in your pyjamas. A large number of these online poker rooms are perfect for amateurs. It is always a good idea to try out and get used to the game before going out to play with the big boys.

But if you are reading this article you probably have joined an online Texas Holdem poker room and are looking to make even more money with online poker rakeback.

In order to understand what a rakeback is, one needs to first understand what rake is. Unlike many other online games where money is involved, online poker is one of those games where the players are paying each other when a poker hand is one or lose. Because of this there is no way for an online Texas Hold Em poker room to make money.

They solved this problem by devising what is known as “poker rake”. With this system the poker website will take a percentage of the money from the player. You can think of rake as a small entry fee to be able to play on a particular website.

Though this money is removed from the pot, it is so tiny that it doesn’t really affect the poker players potential earnings. Nonetheless when you look at the long term affect this has on your earnings it is quite substantial.

Rakeback on the other hand is a type of refund of the money you paid the poker site to play. It is a way for you save on rake costs. When creating a brand knew account at an online poker room not only will you earn free cash with their generous poker deposit bonuses but you can also cushion your game with online poker rakeback. The easiest way to achieve this is by signing up through poker site that offer poker rakeback deal, like the Texas Holdem Poker Club. You will receive your online poker rakeback directly into your online poker account. This is done for 2 reasons, to attract more players into the game and also to show appreciation to existing customers.

The benefits of going through The Texas Hold Em Poker Club or any other similar websites is that there will be a good chance that you will receive additional bonuses that don’t normally come along with direct poker room sign ups. This is especially helpful for beginners. If you are an advanced player then obviously you will be able to make more money.

There are basically 2 rakeback methods. Shared and contributed method.  In a shared method the rake is divided evenly among all players who were dealt cards. An example of the shared method would be, if there were 5 players and the rake was $5 then the rakeback would be $1 per player. In a contributed method, All 5 players must contribute to the pot. The rake a player gets is proportionate to the amount the player puts in the pot. For example if you contributed ¼ of the total amount then player’s rakeback would be ¼ of the rake.

 

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