For those that don’t know, I’m going to explain exactly how important Rake Back is to being a successful poker player. For starters, what is the rake? Basically this is the amount of money that the poker rooms, either online or offline keep as their cut for hosting the poker game. If you have ever sat down to play a tournament online and had to pay that extra little fee, that is the rake. The normal amount taken is 10 percent for SNG’s and MTT’s. Here is an example.
Usually you will have to pay a $1 rake fee if you are playing a $10 game.The rake would be $3 for a thirty dollar MTT. I’m sure by now you can probably guess what Rake Back is. Basically the payouts range from 27% to 100% just for playing poker at their poker rooms.
What’s the reason the poker sites offer this?
The costs of a regular land casino are much higher than online poker rooms as you can probably imagine. Since their over head is far less, these sites can offer these types of cash back incentives to encourage customers to join and play at their site.
So how much can we get back?
To answer that question it all depends and how much you play, but let’s look at an example. Let’s just say that each week you play only twenty $20 SNG’s. The numbers would look something like this:
# of SNG’s : 20
Rake Paid (Week): $40 ($2 x 20 SNG’s)
Rake Paid (Month): $160 (4 weeks X $40)
Rake Paid (Year): $1,920 (12 months X $160)
Now if we use a typical Rake Back Deal of 30%, you would get back $576 over the course of a year. Not too shabby for playing the games that you would be playing anyways. Your numbers may look different depending on the levels you play, but I’m sure you get the point. A lot of the Rake Back programs will issue payments once a month, but there are others that offer weekly and even daily payouts. The best part is that Rake Back offers are FREE to join and there are usually no minimum requirements that you have to play.
Basically you are getting paid for the games that you would be playing anyways. If you aren’t using Rake Bake then you are leaving money at the poker table.
If you are interested in learning more about being a Winning Poker Player, go ahead and grab a FREE copy of my special poker report: “Poker Secrets – 5 Mistakes to Avoid Even Before You Sit Down at The Table” by visiting http://www.virtualpokercoaching.com