An Introduction to Rakeback - Texas Holdem
You probably already know what rake is but to fully appreciate the beauty of rakeback a quick recap could be useful.
The rake is a fee that poker rooms charge on each pot. Normally, the rake is somewhere between 0 and 10 percent of the total pot. Most poker rooms cap their rake at either $3 or $5. You also pay rake when you enter a poker tournament. On average the rake or tournament fee is 10% of the buy-in.
Even if you are playing small stakes poker the rake you pay starts adding up quickly. Many of you reading this probably pay hundreds of dollars in rake each month.
The solution to this problem is rakeback. There are now tons of online poker rooms that give you a large chunk of your rake back. If you play your cards right (no pun intended) you can get anywhere from 25% to 60% of your rake back.
How much rakeback you will get back depends on two things - the amount of rake you have paid (minus bonuses) and your rakeback percentage. For example, if you have paid $1,300 in rake and received a $200 bonus from an online poker room that gives you 32 percent of your rake back you will get $352 that month - (1,300-200)*0.32.
Getting rakeback used to be some what tricky. These days, however, most
online poker rooms transfer your rakeback money automatically into your
poker account. Also, many rakeback sites give you access to stats on how
much rake you have paid etc.
Here are a couple of top online poker rooms who currently offer rakeback.
Please visit the web's leading rakeback directory for a comprehensive list of poker rooms that offer rakeback. When looking for a rakeback deal you should keep in mind that it is not possible to get one from a poker room you already have an account with. What you could do instead is to see if it is possible to switch to another skin on the same network. If this works you can sign up for a rakeback deal with a skin.