What is Rakeback in Poker? Get the Lowdown on Poker’s Greatest Benefit
What exactly is rakeback?
If you’re playing poker online, it’s something you’ll hear all the time, but it’s not something you hear all that often in person. It may seem like some sort of poker jargon that nobody bothers to explain, and that’s because it can be difficult to explain what rakeback actually is if you don’t have any context to go off of…
What Is Rakeback?
Poker rakeback is a refund of a portion of the rake that a poker player pays. It’s usually given back to players in the form of cash back or points that can be used for merchandise or tournament entries. In some cases, rakeback can be as high as 60%! That means if you’re paying $100 in rake, you could get up to $60 back.
Poker rakeback is most often available to players who are members of a poker site’s VIP program. Other poker room promotions and player rewards aren’t necessarily rakeback, but instead may refer to different types of bonus offers. For example, you might get a welcome bonus for creating a new account at an online poker site that gives you free cash or tournament tickets when you make your first deposit there.
Knowing The Difference Between Different Types Of Poker Promotions And Bonuses: Online poker players can enjoy some great benefits, from exclusive tournaments and freerolls all the way up to signup bonuses and VIP programs where you earn points towards free tournament entries and prizes just for playing. These rewards come from several different types of bonuses and promotions.
How Does It Work?
Online Poker Rooms make their money by taking a “rake”. This rake is normally taken directly from the pot during a hand; the players are usually not aware of it, it also comes in the form of Tournament entry fees.
ThePokerHolics has arranged with the Poker Rooms to provide back some of the rake for players who signed up through us. There are no hidden costs or fees associated with our service. When customers purchase a poker rake and win the equivalent back, we refer to that as Rakeback.
Which Sites Offer It and How Much Do They Pay Back?
Many sites offer poker rakeback, but the amount they pay back varies widely. Some sites might only offer a few percent, while others could offer up to 60%.
The variance depends on how much you play and which site you’re playing at. For instance, smaller stakes players might only be eligible for 30% or less of their rake-generated profits returned to them by an online poker site. Higher stakes players may be eligible for much more.
For exclusive deals and finding out how much you can earn through ThePokerHolics, get in touch with us for a confidential discussion as we can find the best deal for you.
How Much Money Can I Make Using Rakeback?
Many people don’t realize how much money they can make by using rakeback when playing poker. By signing up for a rakeback program through us, players can earn a percentage of their rake back from the house.
This money can add up quickly, especially for high-volume players. In addition to earning extra money, rakeback also provides other benefits, such as VIP treatment and exclusive promotions.
For example, if you’re getting 30% Rakeback every month and are generating $1,000 of rake, you’ll get back $300, it’s as simple as that.
Are There Other Types Of Bonuses I Should Use Besides Rakeback And One Time Bonuses When Playing Poker Online?
While rakeback and one-time bonuses are great, they’re not the only bonuses you should be taking advantage of when playing poker online. Loyalty programs, reload bonuses, and referral bonuses can also add up to a lot of extra cash in your pocket.
Reach out to us with any questions you have, we are happy to help and find you the best deals possible.