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How Does Rakeback Work In Poker?
The online poker industry is quite innovative. Whenever a challenge pops up, the industry transforms itself to accommodate new realities. In the world of Internet poker, creative marketing strategies are constantly emerging. Online poker rooms and poker affiliates are always devising new ways to attract more players. In online poker - Rakeback is the latest promotional craze, and it is gradually transforming the way in which online players sign up for new poker accounts.
What is Rake?
Online poker rooms are in business to make money. The main source of their revenue comes from the rake. Rakes is the fee that poker rooms deduct from each pot. It’s like a tax on the table. Poker players don’t compete against the house—they compete against other players. Because there is no house edge in a game like poker, poker rooms use the rake as a means to generate cash. Land-based poker rooms can have a rake as high as 10 percent. In online poker rooms, the rake is usually half that amount. The overhead costs for an online poker room are much lower than costs to run a brick-and-mortar poker room. Due to this lower cost, online poker rooms can afford to have a rake of around five percent. This rake percentage is usually capped off at around $3 or so.
How Does Rakeback Work?
As online poker became more and more popular, players got together and tried to get a portion of their rake returned. Although some online poker rooms want nothing to do with the concept, many sites will give you back a cut of your net rake. To take advantage of this, you have to visit an affiliate site and sign up. Affiliate sites drive new player traffic to online poker rooms. In exchange for these referrals, affiliates will get a cut of the net rake that each of their referrals generate. The affiliates will then extend a portion of their referral fee back to the player. This is known as rakeback.
Signing Up for Rakeback Deals
To take advantage of a rakeback program, you have to sign up through an affiliate site. First, find an affiliate site that offers rakeback. Then, click on the link to the poker room you want to join. Use the affiliates link to download and install the poker room’s software program. Follow the installation instructions carefully. If you already belong to a particular poker room, you will not be able to sign up for an affiliate rakeback offer unless you open up an account with a new poker site (or a different skin on the same poker network).
After you’ve signed up through the affiliate, downloaded and installed the poker room’s program and setup all your rakeback info, that’s it. All you have to do now is sit back and watch the rakeback money pour into your account on a monthly basis.