A few years ago, one shift that many different poker websites made was the shift to rakeback. Nowadays when you hear about things like the Absolute Poker rakeback or the Betfair rakeback, these are modern manifestations of the shift that happened awhile ago. There are many questions that the average person has about rakeback however and some of them are answered below.
What is Rakeback?
Quite simply, rakeback is a promotion that is offered by many of the online poker websites whereby a person can get a certain percentage of money raked from their hands refunded to them on a weekly or on a monthly basis. Depending on the poker company the percentage varies, but most online poker sites that offer rakeback give you between 15% and 35% of your rake back on a weekly basis.
How do I get rakeback?
In most cases, you need to signup with the website and open a first time real money account using a specific code that you get from affiliates of that poker website. Then, when you have opened the account, you need to send an e-mail to the support staff in order to get your money refunded to you. After you have synced your account to the rakeback machinery of the online poker site, all subsequent rakeback payments should be handled automatically.
How can the site afford rakeback?
This is a very good question and the answer to it that is most direct is that sometimes the site actually can not afford the rakeback. That is to say that the rakeback promotions sometimes end up sending the profit of the website into a loss and that in turn is something that the site can not afford.
However, the goal of rakeback programs is to sign new players up to the service so that later on down the road the word of mouth about the website will get more players to signup without the rakeback stipulations. Poker sites often do not allow rakeback to players after they have already signed up, even if they were ignorant of the rakeback when they did. With this combination of new players and old ones without rakeback, the poker site hopes to recoup any losses they make on their rakeback enabled clients.
Is there a catch?
For the most part, there is no catch. The only catch is something that is not really a catch but rather an obvious necessity and it is that in order to benefit from the rakeback, you need to play at the website in the ring games. This means that an Absolute Poker Rakeback would require you to play Absolute Poker ring games that are raked and of course the same holds true for other sites such as the Betfair Rakeback.
Author Resource:-
http://www.rakeback.com/ helps online poker players to save money with rakeback. Check out the site to learn more about how you can save money with rakeback.
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