If you are a poker player and you do not know enough about Rakeback chances are that you might disregard it and simply play poker in the normal way. However, this would mean that you are giving up on a chance to rake in a lot of money. As you know, when you join an online poker room you will be offered a generous sign-up bonus. Learning to take advantage of this is important if you want to play poker the smart way.
The concept of the Rakeback first began in the year 2004 though at that time it was known as Rakemeback and it also was the brainchild of some online poker professionals that wanted to provide other online poker players with a service that was trustworthy as well as reliable. Rakemeback was based on the expert knowledge of professional poker players.
Today, the new version of Rakemeback can help you the poker player generate a lot of money though How Much money is actually generated will depend on a number of factors. The two main factors however are the percentage as well as rake that are generated. What's more, it is possible to estimate the amount of rake that you can generate and that in turn will help you know how much of the new Rakemeback version you are entitled to.
For example, if you play one thousand hands and there are a total of six poker players on your table and the blinds vary from two to four dollars and the rake is three hundred and thirty-three dollars and the percentage of rake is thirty percent. In such a case you will get back one hundred dollars.
On the other hand if you play another 1000 hands at a table with 10 players at the table and the blinds are between 1 and 2 dollars and you set the rake to 150 USD; with a rake percentage of 30% you will only get back forty-five dollars. And, in order to complete the one thousand poker hands you will have to at least play at the poker table for about five hours.
In fact, one of the restrictions imposed in the deal can be that you are not able to play at any poker table that takes your fancy; in fact, you will only be allowed to play at certain tables and then you will need to adhere to specific rules.
These kinds of deals are known as prop deals and if you sign up for such a deal you will be known as a prop player. No doubt, there is a price attached to being paid to play poker and so only the really good poker players will profit from such deals. This is another factor that you will need to consider before taking up a Rakeback deal.
Also, how much you do realize by way of Rakeback will vary according to the percentage and the rake that is generated. In addition, there are two different types of tables that you can play including the six player maximum and nine-ten players maximum. Depending on how many players there are at your table your rake will vary.
The author is a successful limit cash game player. He plays poker online and receives Victory Rakeback and Poker Heaven Rakeback.
