To understand what rakeback is, you need to know how best poker sites earn their revenue or earn their funds in poker online. Whether it is a tournament or real money game, the poker sites will take certain portion of the buy-in fees. Predominantly, the poker websites take 5% of the revenue from each pot in the real money games.
This fee is referring to as the “rake” and a bulk of poker players do not event care to notice the procedure. Predominantly, poker sites make large sums of money from these percentages, which develop into a great revenue stream sooner or later.
Besides revenue, popular online poker sites make large currencies as “profit” from the tables itself. It’s very dissimilar from the income model of casinos online which earn money not from rake but from when the player loses against the house.
A new concept
“Rakeback” is a reasonably newer concept in the world of online poker and was introduced a few years ago. Off lately, rakeback has now turned into a thrilling promotional scheme for the affiliates referring and recruiting players to poker rooms. The moment you sign up for rakeback on a poker site, you would get a percentage of the rake generated by the poker site. Hence the development is termed as a “rakeback” procedure.
Most of the time, the rakeback figure is about 30%. Thus, from the 5% amount generated by the poker website from the pot, they will give back 30% to the players as a portion of the rakeback. All at once as this may not seem to be major amount, but once you play poker for a longer phase of time, it turns out to be a big sum.
A whole lot of pro poker players make a lot of money a year, from rakeback alone, besides the profits they make during the online poker game. In order to claim the rakeback, you don’t in reality have to be a customary poker player. It has been seen that low limit players with a bankroll of just ₹100, can also make about ₹1000 a year, just by playing on smaller stakes real money tables.
Nowadays when online poker is not legal in a few states of India, there is doubt about if rakeback will return even if online poker gets legal again in those states. Rakeback deals in other nations are not that frequent anymore like in Europe. So new poker websites have rakeback promotions, or else it’s back to poker bonus in numerous cases.
The appealing part about rakeback is the confidentiality that surrounds the experience. Prominent players already know the fact that poker sites do not promote or endorse rakeback schemes to the players to register with them openly.