Rake Back
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All about Rakes
When you gamble for cash, poker sites take a part of your money called 'cut' or 'rake' from your pot which is usually between $1 and $5. This amount typically has a maximum cap limit of around $3. Although it does not seem much, these little amounts add up to big money and poker rooms end up making hundreds of dollars in rake. The amount of rake that you pay is not the same as the amount of rake you generate. Poker sites determine this amount by taking the actual rake of each pot and dividing it by the total amount of players dealt with cards on that hand. Again this may sound like an insignificant amount, but if you play a tight strategy, you are generating a rake each time you fold. That is why rake back plans have become so popular and profitable.
Rake Back - When you get paid back a certain percentage of the rake it is called a rake back. If you play 5 or more hours a week then you should put yourself on a rake back plan because it could mean hundreds of dollars each month for you to add to your bankroll. The poker sites will pay RakeBacks.com anywhere between 25% and 45% of the rake you pay every month. Consequently you are paid back up to 90% of that money every month. These payments are electronically deposited into your poker account within 48 hours after the payment is received from the poker sites.
Bonuses and tracking your rake - All rake back plans entail bonuses as well as tracking programs for each player. The bonuses are deducted form the total monthly rake by the poker sites. The tracking system developed by RakeBack.com is a state of the art, customized web based tracking system to track your rake statistics online. Using this system you can login to see your daily rake statistics, total rake as well as rake backs earned. You can also use Poker Tracker to do the same.
Propping as against Rake Back Plans - Most people make more money through rake back plans than as a prop. This is because a prop player is bound to play short-handed games all the time and is unable to select the most profitable games available. Another reason is also because when you play a solid and tight strategy game at a full table, it allows you to generate enough rake to comfortably add to your bank roll.