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Rakes - General Information
The poker sites make their profit from a small cut or what is popularly known as 'rake' taken from each pot played by regular cash players. The pot is usually over a certain amount anywhere between $1 and $5. The rake amount always has a maximum cap or limit of about $3. Although it does not seem like much money, poker sites are making millions of dollars in rake and 90% of that comes from small players alone.
The actual amount of rake a player pays is not the same as the amount of rake the players generates. Most poker sites determine the amount of rake the player generates by taking the actual rake of each pot and dividing it by the amount of players on that hand. For example, if the pot is $60, the rake paid is $3. However if there are 10 players, each player generates only $0.30 in rake for that hand ($3/10). Again, this seems like pittance, but while playing a tight strategy, you generate some amount of rake every time you play, even when you fold. By just being dealt a hand, all players generate rake and this is the reason why rake back plans have become so profitable. Learn how Rakeback works in poker.
What exactly is Rake Back?
When a certain percentage of the rake you generate is paid back to you it is called a rake back. If you are playing for at least 5 hours a week, a rake back plan becomes an important factor as it could add to your bankroll substantially. The poker sites pay RakeBacks.com 25% - 45% of the rake players generate every month. In turn, the players are paid up to 90% of that amount back every month. Payments from RakeBacks.com are electronically deposited directly into the player's poker account or Neteller account within 2 days of receiving payment from the poker site(s).
Bonus Tracking
Most rake back plans come with sign-up bonuses and individual trackers for each player. All poker bonuses received by the player are deducted from his total monthly rake by the poker sites. RakeBacks.com has developed an online customized and state-of-the-art web-based tracking system to track player rake statistics. A player can login and check out the daily rake stats, total rake, and total rake back. Poker Tracker is another program to accurately track your statistics and is widely used by serious poker players.
Propping Vs. Rake Back Plans
Most people make more money by playing with a rake back plan than as a prop. This is because a prop player is forced to play short-handed games all the time and cannot choose among the more profitable games available. Also, in rake back you can play a solid and tight strategy at a full table. This enables you to generate rake in almost every hand you are dealt, whether you fold or not