| Rakeback - Poker room rack back programs |
Poker rooms make their profit by raking the games, which means they charge a fee on every pot. When you play hundreds and thousands of hands, your small rake contribution starts to add up. Even a serious small stakes player can end up paying over $1,000 in rake per month, resulting in hundreds of dollars of rake back. If you are a busy high stakes player you can earn thousands of dollars every month from rake-back alone.
The rake is charged in percentage, usually 5% but not more than $3. The intervals are often $0.25 or $0.50 so the rake starts at $5 pot or $10 pots. Tournaments are also raked, but with a fixed fee, usually 10% of the buy-in cost. The cash games stand for 80-85% of industry revenue as rake is taken on almost every pot. The tournaments are not as profitable, where a fixed fee is charged and they usually take many hours to complete. Regardless of the time it takes to play, however, it does not cost the player more than the initial fee. The low limit players pay a larger percentage on the pots but the high limit players pay a higher sum. Rake-back is the best option for all players who play a decent amount of hands each month. It can change the monthly profit considerably.
|
