Rakeback: Understanding the Terms Playing online Poker has become a popular pasttime and memberships to online casinos continue to grow weekly. Beginners are eager to test their skills and of course more eager to try and win some money. In order to play poker online, players are required to enter a ‘poker room’ to start playing – these rooms make money from something referred to as “Rake”. Players can also benefit greatly from something referred to as “rakeback”. Understanding Rakeback The “rake” is a method used by online poker rooms to make money. To fully understand rakeback, we can compare it to inhouse casinos. For example, if you have ever visited a brick and mortar casino, you are more than likely aware of the term “houseedge” – this is the percentage taken by the casino in order to make money on games like, roulette or blackjack. The same sort of percentage is applied online with poker rooms – in order to make money, they too must have an edge. Hence, you the player pay a small fee for entering the room and this is called rakeback. The Rake When players enter a poker tournament, they must buyin in order to participate. The rake is a small percentage of the pot and usually is no more than 5% on cash games. The tournament places a minimum amount that must be reached before any money is taken. The maximum a site will take doesn’t usually exceed $4. What is Rakeback? Rakeback is a term used that describes the percentage you are entitled to receive off the initial rake. This is a major incentive or benefit used to get players in on the action. Just how much rakeback you will receive depends greatly on the total contribution to the rake. For example, the poker room will tally up the total rake and simply divide it by the number of players currently enrolled in the tourney. So, if the rake is around $3 and there are a total of 10 players, then you will contribute $.30. From your contribution and depending on the amount of players you will be entitled to an ‘X’ amount back in rakeback. Now, just imagine a tournament with a thousand players – do the math and you will fully comprehend the rewards in poker rakeback. If you are a beginner than your best to bet to fully understand the benefits is to research some of the rooms. Find out which ones are offering the best bonuses, or percentage back on the rake. You can also check out a site like http://www.mrrakeback.org and find out the top rooms and offers currently available.
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