What Is Rakeback?

As a poker player youve probably come across the term rake which is used to describe the amount that a casino takes for itself from every hand played at every table. These are small amounts that you dont seem to notice or dont really mind paying, as they generally range between $1 and $5. But have you ever stopped to consider how much these casinos recover just through rake in the long term?

Considering the popularity of poker and the number of players, that amount is pretty high. The good news for us poker players is that now theres a way in which you can have them return a percentage of the rake you contribute towards every hand. These amounts are called rakeback. They help you take your poker game one step higher ” a losing hand to a breakeven hand and so on so that a winning hand ends up with a whopping amount.

The concept isnt very complicated. Lets say that you sit at an online poker table with five other players and your tables rake amounts to $6. Divide the amount by the number of players at the table and the result is your contribution to the house – $1 in this case. This amount is tracked by Rakeback providers who keep adding your contributions according to the number of hands and tables you play and then return a percentage of it back to you at the end of a specific period of time (day/week/month).

Rakeback providers return about 25% – 50% of that amount to you. So you end up receiving $0.25 or $0.50 for every dollar you pay as rake. These miniscule amounts have the capacity to add up super quick over time, especially for players who are deftly manage to be a part of several table at once. Imagine the amount you could get back if you play an average of 5000 hands per month! And that wouldnt even include your winnings

Casual or more infrequent poker players also stand to gain. All thats required is for you to sign up with a rakeback provider. This is free of charge and doesnt specify any limits so you could be earning rakeback even when playing at the lowest limits. Hold on to your urge to withdraw your rakeback for a year and youll be pleasantly surprised at how much youve earned. Itll probably be enough to take care of your end of the year holiday expense.