Thursday, November 4, 2010

Get Paid to Play Poker

Rake is how poker rooms make their money. That is the money that the poker rooms deduct from every pot. Usually the rake is a couple of percent with a cap at around $3 at the highest limits. There is also rake on tournaments, where the large portion of the buy in goes to the price pool, and a little fee goes to the poker site. The poker rooms make huge money from the rake the players contribute with. It is not unusual that a single player pay $3000 to the poker room every month, and that's just one player. A poker room with more than 10,000 active players earns quite a lot of money to say the least.
You might be asking yourself, I know what rakeback is, but why is it important? I just want to play poker!
Since sites take the rake automatically many people don't even know they are being charged. What most players don't realize is how much of an effect the rake has on their play. Not only must you beat the other players at the table, you must beat the rake as well. A player who would win money if there were no rake ends up being a losing player after factoring in the house fee. The truth is about 50% of all poker players fit into this category!
When you introduce rakeback into the equation many players who were once losers are instantly transformed into profitable winning poker players. If you are already winning rakeback will be a nice fat bonus every month.
Rakeback is a refund to the players. Poker players receive a percentage of the rake they pay to the poker room. A normal rakeback offer is between 25 and 40 percent, but sometimes players can get an even better offer. If you receive 35% rakeback, and rake $1000 one month, you will get $350 back. The more you rake, the more you get back. That is basically what rakeback is about.
Some of the poker variations are better suitable for a rakeback deal. If you play shorthanded poker, you are involved in more pots, and therefore pay more rake. If you play at more than one table at the time you also play more hands, and pay more rake. When you are involved in a lot of pots you should definitely play with rakeback.
I don't see any downsides to rakeback. If you can get some money back why wouldn't you take it? Maybe you have to switch site, because you only get the deal when you have created a new account. But that's not a lot of work. You will earn a lot of cash, or save cash depending on how you look at it. Just do it! Since the amount you get paid is a percentage of the money the house charged you in rake, the stakes you play and number of hands affect the size of your payment. A casual low limit player can make a few hundred extra dollars a month, while a pro (or any higher volume) can make $2000+. Outstanding Poker lead pro atta22 generates over $2500 in rakeback himself every month.

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