Online Poker Rakeback
Check out Bodog Poker if you haven’t already.
E-mail us at casinotimmy@gmail.com for all of your online poker rakeback needs and find out about our December Introductory Offer!
We have had a surprising number of players e-mailing us at casinotimmy@gmail.com asking about Rakeback so it may take us longer to respond to you than usual, please allow up to 2-3 hours for a response.
Poker Rake – this is the fee given to the online poker room where you are playing at. The poker rake is the online poker room’s cut for providing the game and a place for you to play at, their percentage. Online poker rooms generate revenue regardless of who wins the hands, so it is absurd when players accuse online poker rooms of fixing the cards when they get bad beats. It makes no difference to the online poker room who wins because they earn the same rake regardless of the outcome. The rake in poker tournaments is typically a percentage of the buyin amount. For example, a $1 buyin game will have a fee of $0.10 so it will cost you $1.10 to participate in the tournament. The rake held by the online poker room is generally 10% for tournaments which is significantly less than land based poker rooms, especially in tournaments where the online poker room is adding money into the prize pool. Online poker rooms typically do not make much money off of individual tournaments they hold, online poker rooms earn their money when they hold a lot of single tournaments making a little bit off of each one, like the Wal-Mart business model.
If you are only playing one tournament every few days, then you might not care much about how much you are contributing in rake to the online poker room, however if you are a grinder and you find yourself playing quite often, you could be contributing as much as $100/week to these only poker rooms because you pay rake regardless of whether you are winning or on tilt and this is where Rakeback offers come in to the picture.
Wouldn’t it be nice to be able to get some of your rake back at the end of the month? Needless to say I think you now know what rakeback refers to, getting your rake…wait for it…back!
Now you might be thinking, “rakeback is great, I’ve been a fool, I could have gotten back so much money over the years!” Just keep thinking please, because there is a catch and getting rakeback is not as easy as it sounds.
The rakeback catch – Not all online poker rooms condone rakeback as it loses them money, so they will not give the player rakeback directly. The catch is that you need to sign up with the poker room of your choice through a middle man that gets a kickback from the online poker room and then the middle man gives you a percentage of the rakeback in your preferred currency.
Here is an example of how it works, little Ricky e-mails casinotimmy@gmail.com with the following:
Hi Tim,
My name is Sally and I’ve been thinking about signing up an account with XYZ Poker, are you able to get me rakeback and if so, how much?
Then we would provide Ricky with a signup code for that particular online poker room with the percentage amount we are able to get back. Different online poker rooms will have different rakeback percentages. Then, at the first of every month we would send you your rakeback money via PayPal. Whether you choose to redeposit it or just use it to pay bills is entirely up to you.
Sounds pretty good, no? If you have any questions about online poker rakeback, please do not hesitate in contacting us at casinotimmy@gmail.com
