To fully understand what rakeback is and how it benefits all online poker players one must first understand the main elements essential to any rakeback bonus.
When an online poker player plays in any real money game, SitnGo or pays a fee to buy in to a tournament they pay the poker room ‘rake’. Rake is essentially a fee the poker room charges for hosting the game as they do not make any money from the game itself. The industry standard is about 5% with a cap of $3-$5 depending on the individual poker room’s rake structure.
Generally online poker rooms use either the dealt method or the contributed method to calculate rake. With the dealt method all players who have been dealt in the hand receive an equal proportion of the total rake of the hand. The contributed method only divides rake to thos who have contributed to the rake. Most rooms also operate a no flop no drop policy which means no rake is awarded to the players unless the flop is seen.
Your total Net rake or MGR may also have bonuses deducted and some rooms do not include tournament fees into your MGR so please check the rakeback details to ensure the rakeback deal suits your requirements.
Many online poker rooms run rake rebate and loyalty schemes based upon the amount of rake/points a player generates over a set period of time. Whilst these are a great added value they rarely equate to cold hard cash but if you sign up through a rakeback site like ours then you receive a specified percentage of the total net rake back into your poker accounts. This is possible because affiliate sites get paid a fee based on the net revenue a poker rooms makes from each player. Rakeback sites pass this payment directly onto the player resulting in a happ player, a happy poker room and a happy rakeback site!
Remeber you pay rake regardless if you win or lose the hand so by signing up to rakeback you can still win even when you lose!
