What is Poker Rakeback and Why You Should Be Receiving It
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There are many online poker web sites that offer players online poker games and it is very easy to find a room that suites you. This is obviously good news for poker lovers. Now you have the option of playing in the comfort of your home and this is also a great way to improve your Holdem game before playing in a live game.
But if you are reading this article you most likely have already joined an online Texas Holdem poker room and are looking to earn even more income with online poker rakeback deals.
In order to understand what a rakeback is, you need to first understand what rake is.
With most games at offered at online casinos, the casino wins money because the odds are favoured towards them. This however is not the way it works with online poker. In online poker, players make money by winning other poker players money. Because of this there essential is no house advantage toward the online casino or poker room to help them profit.
They solved this problem by devising what is known today as “poker rake”. With this system the poker website will take a percentage of the money from the player who wins a hand. This money is taken from the winning pot. You can therefore think of rake as a small entry fee to be able to play on a particular website.
Poker players will not directly lose any money for playing as the rake is relatively small and will usually be set around 5 percent of the winning pot. However over a long period of time this small cut really can really add up.
Rakeback on the other hand is a type of refund of the money you paid the poker site every time you won a hand. It is essentially a way for you to save on rake costs and the cost of playing. This can be a great bonus to new players, as well as well established players.
When creating a brand new account at an online poker room not only will you earn free cash with their generous poker deposit bonuses but you can also cushion your game with online poker rakeback. The easiest way to achieve this is by signing up through a poker site that offer poker rakeback deal, like the Texas Holdem Poker Club. You will receive your poker rackback directly into your online poker account. This allows you to easily track how much rackback you earn while playing.
The benefits of going through The Texas Hold Em Poker Club or any other similar website is that there will be a good chance that you will receive additional bonuses that don’t normally come along with direct poker room sign ups. This is especially helpful for beginners and if you are an advanced player then obviously you will be able to make more money this way.
There are basically 2 rakeback methods used by online poker rooms today. The shared and contributed methods.
In a shared method the rake is divided evenly among all players who were dealt cards. An example of the shared method would be, if there were 5 players and the rake was $5 then the rakeback would be $1 per player.
With the contributed method, all 5 players must contribute to the pot. The rake a player receives is proportionate to the amount the player puts in to the winning pot. For example if you contributed 1/4 of the total amount then player’s rakeback would be 1/4 of the rake.
Some of the most popular rakeback programs offer up to 33% of your rake returned to your account! This is a deal that most players can’t pass on.
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Source by Matthew C Rocheford