Poker is a game of chance. It is a game which can be complicated to learn and may take years to master the strategies. Rakeback can be earned from online poker websites. Different websites offer different kinds of rakeback deals.
What is rakeback?
To understand what rake back is, you need to first understand what rake is. In this context, rake is the money that you pay to the poker room as a fee for every pot in every hand you play. Why do the poker rooms want to pay me rake? They want to make money. Well, in this case, they are not charging me rake. I call this the “rake.”
Raise your hand if you know the answer!
The poker room will contribute to what is called your rake. Your rake is paid by the poker room and so the rakeback formula would return to you part of the money paid by all the players at the table. Some website offer the rake back deal as a percentage of the rake. This is called the rakeback i.e. you get a percentage of the rake you paid. The rakeback deals available are usually divided into 3 parts i.e. 40%, 60% and 80%. The first stage of rakeback deal is usually advised for players who are not familiar with the rake system and players who play a lot of cash games. Players who are not familiar with rakeback deals should not worry as it is easy to acquire good rake back deals. For beginners who are not confident as they have not mastered the poker game yet, the second stage of rakeback deal would be ideal. It is not very often that you will find an excellent rakeback deal as the first deposit bonus often comes with the first deposit of the Dewavegas players.
There are many different rakeback deals available and selecting the best rakeback deal is not an easy task. The rakeback deals available are usually divided into deposits such as 1%, 2% and 3% with many bonuses offered in between. The top amount of bonus is 5% of the deposit amount. Most of the rakeback deals are for deposits of $1, $2, $5 and $10. A very important thing to know is that the higher the amount of bonus offered by the poker site, the more it will decrease the amount of rakeback bargain available. For example, a PokerStars bonus offers a 400% bonus on first deposit up to $500. Let’s say you are offered 40% of the amount. Final result is that you can collect $300 from PokerStars whereas in a different bonus offered by Joensday Poker you can only collect $200 on first deposit.
In the end you can see that the offer of rakeback is usually quite unpredictable and you can easily make a deal with the poker room or decide to look for a different bonus. The availability of different bonuses is also very important because the different sites offer them in different folds of each week. This means that you can collect bonuses in cash very often and that allows you to play in several tournaments at the same time.