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Rakeback – Good for You and Good for Poker

A player that has poker as an occupation, a professional player, needs to be in a game where there is a lot of money in action. And the favorite type of money is the dead type, which is money owned by bad players who have no, or little chance of being winners in the long run. Those players provide the professional poker players with their income.

It is commonly known that over 90% of the players online actually loose money from playing poker. This may sound strange to a lot of people. Many think that 50% of the players online are winning and 50% are losing, but that is not true. It could never happen because the house takes rake from every pot. Rake is the fee that players pay to be in a hand, and it is deducted from every pot. If a player wins a $100 pot he will get maybe $97, and the poker room will keep $3. Money is constantly leaving the game.

To understand what is rakeback, you must first learn how poker rooms make profit by charging rake from all real money players. Rake is the only way for poker rooms to make money, since unlike with other casino games, in poker the players are wagering money against other players and not against the house. Think of rake as a small entry fee taken by the poker room for organizing the games.

The rakeback is a stated percentage of the rake that the site refunds to players at the end of each month. Essentially, a portion of every hand that you play goes to the poker site, and if you sign up for rakeback, you’ll get some of that money back from every hand that you play. There are two prevalent types of rakeback calculation, so you should decide which one is best for you before signing up with a new online poker site. Dealt Rakeback or Contributed Rakeback?

Poker players do not directly lose any money to the poker room, but the room 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 anywhere from one cent to five dollars.

The problem with rakeback is that it is not openly advertised. Instead poker rooms do their best to hide the fact that you can get rake back from them. As a consequence of this, a vast majority of all online poker players does not even know there is such a thing as rakeback.
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