Rakeback rewards are bonuses designed to incentivize avid poker players. Unlike one-time deposit and registration bonuses, rakeback bonuses work differently. The more you play, the more money you get back! With rakeback bonuses, the greater your gameplay, the greater your financial return! Remember, these bonuses are exclusively for dedicated poker enthusiasts who invest ample time and effort into their gameplay.
What is the purpose of rake? Let's start by discussing rake. Rake is the means by which poker sites make money, essentially a fee that you pay to access online poker. The rake is predetermined and amounts to between five and ten percent of the pot in a cash game. The fee is collected in each hand (provided there is no minimum threshold) and is deducted from the pot. There are various methods for calculating each individual player's share of the rake. It is common for it to be based on what is known as "contributed weighted rake." This means that the rake taken from the pot is divided among all players who have contributed bets to the hand. Additionally, the rake is distributed proportionally based on how much each player has wagered.
However, there is typically a limit to how high the rake can be. If you play a lot of poker, there can be quite a few fees in rake over time. In tournament poker, the rake is almost always taken as a one-time fee when you make a buy-in.
How does a rakeback bonus work? A rakeback bonus entails receiving a certain percentage of the rake paid back at regular intervals. Usually, the rakeback bonus is paid out on a monthly basis. On some poker sites, you can choose when to receive the bonus. A typical rakeback bonus for new players is around 30 percent. So, if you have paid 1,000 kronor in rake fees in a month, your refund will be 300 kronor. Many poker sites also have loyalty programs where you can achieve higher status based on how much you play and how much you play for. The rakeback bonus usually follows your status, meaning the higher the status, the more you get back in rakeback.
The theory may not make the rakeback bonus seem so exciting. However, it's possible that a losing poker player might suddenly find themselves in the black at the end of the month when the rakeback bonus has landed in their account. A winning player is also pleased because they can demonstrate an even greater surplus. Moreover, the rakeback bonus is a constantly recurring bonus. Instead of receiving a one-time sum as a deposit bonus, one can receive a similar amount as a bonus every month!