If you enjoy playing online poker games, then you will want to know as much as you can about how online poker sites make money from poker players, as well as how you can get some of that money back through rakeback promotions.
How Do Online Poker Sites Use Rake?
With most games of chance, online players compete against the House. Since the games keep the odds in the House's favor, the casino wins the majority of these games.
With online poker, however, the House does not play a hand in the game. All they do is provide a dealer and a place to play. They do not participate. Therefore, the House cannot benefit from a player winning or losing. Instead, to make their money, the online poker room takes a rake.
What Is Rake?
Rake is the percentage of money that the House takes from the pot. The rake is usually a fairly small amount between five and 10 percent up to $3 or $4 that is taken out of the pot (or raked off the top if you prefer to think of it that way). This money is taken out of every pot, although some sites have a policy that if the hand ends before the flop, no rake is taken out.
How Can Players Get Money Through Rakeback?
Obviously, a lot of players do not like rake because it takes money from their earnings. Many players find that it can be difficult to earn money from online gaming sites because of rake. If a player is good enough to win one big bet an hour, the rake may reduce that player to a break even player.
Rakeback is the answer. Sign up with an online poker site through a rakeback affiliate, and a certain percentage of the rake that you contribute is returned to you at the end of the month. For example, if you sign up in Pokerstars using a rakeback affiliate, you are sure to get bonuses in your account at the end of the month.
This can turn you from a break even player to a winning player and from a marginally losing player to a break even player. It won't necessarily let you turn poker pro, but it may help quite a bit.
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