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Rakeback - The Best Way To Earn Some Extra Money
For serious online poker players, rakeback needs no explanation, but there are still average players that do not fully understand what this means. To keep it very simple, this is a way to get some of the money you have gambled on back for free. However, this is not sufficient to enlighten the more confused players, but it does sound like something all players want.
To fully understand the meaning of such a term, you must first understand what the rake is. The rake is the way online poker rooms make their money, by collecting a percentage of every pot from every hand that was dealt. The percentage is not the same with all sites, but its value is somewhere in the vicinity of 5%. It does not sound like very much, but if you consider the ever increasing popularity of this online game and the number of players involved, the total number of hands dealt reaches enormous proportions.
Now think about how much 5% of all the hands dealt in a week means. You will see that 5% is not such a small figure and the winnings of the gambling rooms are not just lunch money. Can you think of another reason why they would set up so many rooms if this wasn’t a profitable business?
A way to start winning some money back from the rake you pay is by signing up through an affiliate. These are sites that advertise poker rooms. These ones keep track of the amount a player pays in the course of a month and if that player signed up through one of these affiliates, then the poker room pays that affiliate a percentage for bringing the player in.
The affiliate sites have found a way to attract more players to sign up to different rooms through them by giving some of the money they receive from the rooms back to the players. This is what rakeback is all about and it is a way out of which both parties involved win: the affiliate gains more players through the rake deals they offer and the players obtain this advantage by doing nothing more than signing up with a poker room through that site.
The importance of this procedure comes from the fact that any player, even those who win, ends up losing the rake. Most players don’t even notice they are being charged in every hand or don’t think too much of it if they do notice it. But why let the house get all the benefits? One of the most important aspects of rakeback is that it does not include only winning players, but all players who were involved in that hand.
For example if there were 3 players involved in a pot where the rake would become 3$, then the rake attributed to each player would be 1$. Now if the rakeback percentage would be 35%, then you would receive 0.35$ for that hand only. If you would play 1000 hands like that every month you would receive 350$ by doing nothing, and that is apart from your winnings at the table. The amount of the rakeback is affected by the stakes and the number of hands you play. An average low limit player can earn up to a few hundred dollars every month, but the really heavy players, pros or higher, can earn thousands in rakeback.
By: David Yuri
Article Directory: http://www.articledashboard.com
No matter what type of player you are, if you play the game for real money the house will always charge you a percentage from every pot. This is why you should not sign up directly with a poker room, but through an affiliate in order to earn some of the money you paid through rakeback.
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