The Importance of Picking a Great Rakeback Offer
If you’re interesetd in playing online poker you should know before you get started that for each hand you play – much like in a live casino - the poker site takes a small commission for its services.
This commission is commonly referred to as “rake” = a term you’ve likely heard if you’ve ever played poker in a casino before.
If you’re a recreational player, this is usually just a few pennies per hand or tournament played.
Much like tipping the dealer at a live poker room, this is a small enough amount of money you don’t really really notice it as a big factor in your overall bankroll. If you play poker for fun, it’s just a small cost for getting your entertainment.
If you play poker for a living – or are trying to make a go of it – the percenbtage points you pay in rake is a big consideration when deciding which games to play.
The more you pay in rake, obviously, the less you have to add to your bottom line at the end of the month. And the tougher it is to grind out a profit.
As a big incentive to entice frequent poker players to their site, online poker sites began offering “rakeback,” or a portion of the rake you pay in each pot, to return some of that money to your bankroll.
When you sign up at a poker site with a rakeback deal, the poker site will pay you back a percentage of your rake at the conclusion of each month.
If you rake, say, $500 in a month, then a 20%rakeback arrangement will be worth $100 per month or $1,200 per annum.
If you don’t have a rakeback deal, you won’t get any of that paid rake back and thus might be missing out on hundreds or thousands of dollars yearly in free kickbacks.
A Big Perk for a Regular Grinder
With the advent of poker training websites and a general improvement in the level of play of the amateur player, beating online poker games over the long run has become a lot harder over the past few years.
It’s still very easy to find a few soft games or tables and make a few bucks, but overall win rates for full-time professional online poker grinders are reducing while the poker “fish” pool – the truly bad players literally throwing their money away - is drying up a little.
If you’re full-time grinder, you are starting to depend more upon soft skills like tilt control, game selection and bankroll management to sustain a really high win rate.
For these types of players, choosing a sound rakeback offer is an important way to increase their win rates. Most newcomers to internet poker will likely register their first account for an initial deposit bonus and that will suit them fine.
But for players who intend to put a lot of hours in, an initial deposit bonus is not as valuable as rakeback even within the short term. Once a player has a better understanding of how online poker works, and gets active within the online poker community, they typically recognize that a sound rakeback deal is a lot more valuable than a bonus contract.
In addition, when a player signs on for a rakeback deal, it’s usually for the extent of their playing career on that poker site.
A quality rakeback contract can help a losing poker player actually turn into a winning player so it’s really worht your while to dig around and find the most appropriate contract before registering with a new poker website.
How to Find the Best Rakeback Deal for You
There are several rakeback deals available across a wide rnage of online poker sites.
It might not be the greatest rakeback percentage that’s most appropriate for you.
You have to consider a number of factors when selecting a rakeback deal.
* To start with you should find a rakeback site that has many options to select from. Such sites usually have fantastic relationships with poker rooms; also they will provide more choices for you to evaluate.
* Analyze your style of play as well as the kinds of tournaments/games you enjoy playing.
* Use the available resources to determine the potential earnings. Generally, rakeback sites have rakeback calculators.
* Check out the rakeback details for each poker room. For instance, if you play many tournaments as well as Sit and Go’s, then you need a rakeback contract that includes these costs into your MGR.
* Check the rake structure and rake method at each poker room, because this will also affect your rakeback contract. A rakeback contract is basically additional value from your game play thus your decision to register with a particular room should be based on whether their room can take care of all your needs.
As you can see from our toplist below, a wide range of rakeback percentages are available, typically from 27% to 35%. Some will offer up to 50-55% rakeback, and some even go so far as to offer 100% rakeback, although you’ll likely be severely limited in the types of games and stakes you can play at those sites.
If you look at our rankings you’ll see that it really does make a big difference just which types of games and stakes you play to determine which site has the best Rakeback program for you.
Think of it as you would any investment – of both your time and money. You wouldn’t pick a stock without doing some research into its long-term potential, so why would you pick a rakeback deal that way?