Regular poker players are generally aware of rakeback benefits. However, amateurs and new online poker fans may not be entirely familiar with this advantage. This article is aimed at educating such poker enthusiasts who want to choose good poker rooms based on the rakeback policies offered there, which is one of the most favorable factors that make a virtual poker deal with an online casino nothing short of an investment.
In a nutshell, new players need to remember that good poker rakeback deals are a sign of a reliable poker room. For frequent players, getting a good rakeback deal is a bonus in terms of their earnings from poker games since they must be giving a good rake amount to the house for frequent games.
In fact, sit and go players in online poker rooms have a reciprocal relationship with the house because these need regular players to keep the room monetized just as much as the players need to make money.
To earn money from rakeback it is important to understand rake and rakeback opportunities. The fee charged by poker rooms is the rake so in a $25+1 tourney, $25 go to prize while $1 is the house fee. Most online poker rooms charge 5% to 20% as rake and unless a player has rakeback, this amount of money is considered lost as a participant’s charge for being allowed to enter a tournament.
In online poker rooms that offer rakeback, the player wins this fee back because top poker rooms want to retain old players who are good at the game and get new visitors (who initially play free games) to sign up for bigger games. So, if you are a good player, you can expect to win anywhere from 25% to 40% reverted to your member account at the end of the month based on the rake money you pay.
For players who play poker online just occasionally, this may not seem a significant amount to win back but for regular players, this can be a substantial amount, especially if one considers that instances where a player enters 7 or 8 Sit-and-Go tournaments daily because rakeback could total $150-$175 for them by the month’s end!
The first step to earning through rakeback is to sign up with a portal that offers this deal, and here is where doing some basic internet research for rooms offering the best rakeback (for example, no fees, quick rakeback, good percentages etc.) can help you participate in best rakeback promotion deals as well as special tournaments for new users!
You should also check out the kind of traffic that the best rakeback portals report as well as verify if rakeback is for new users that have freshly registered with them. If you have accounts with several portals, you may not qualify for rakeback deals if you don’t have real money in your user account (play cash games) or didn’t mention this during your sign up.
Take care to also check the best rakeback percentage offered to you by your preferred poker room. The good ones offer anywhere from 27 to 33% but you may have to test some portals to find the ones with best returns, especially if you play high stakes poker.