In the world of poker, rakeback serves as a reward system for players who frequently participate in games. The rewards come from a percentage of the rake they have contributed, which is why it's termed 'rakeback'.
When a player is offered '10% rakeback', it indicates that they will receive back 10% of the total rake they have paid as a form of incentive.
This guide will provide insights into the following topics -
Is Rakeback Always Called Rakeback?
It's worth noting that rakeback is not exclusively called 'rakeback'. Some players in poker clubs are rewarded through mechanisms like freerolls, scratch cards, and gold tokens, which can be exchanged for prizes in the rewards store. The more a player engages, the more tokens they can accumulate, leading to greater purchasing power for rewards.
How do I get poker rakeback?
Numerous poker platforms provide rakeback through a VIP rewards system to which all players automatically belong. Alternately, some sites might require players to register via an affiliate to receive a guaranteed rakeback percentage.
What Does It Mean to Receive a Percentage of Rakeback?
Receiving 20% rakeback implies that you gain back 20% of the total rake that you have contributed. Some casinos might explicitly notify players about the rakeback percentage, while in VIP systems, determining the exact figure may be more complicated. Occasionally, rewards can depend on chance events, like a spinning wheel, or an assessment of the player’s value to the poker ecosystem.
What Is a Rakeback Grinder?
A rakeback grinder is a player whose main source of profit derives from rakeback. Without this rebate, they would barely break even or incur losses. Contrary to some beliefs, rakeback grinders are often above average players—they make profits overall, meaning that their inability to earn directly results from high rake costs imposed by the poker room.
Is High Rakeback the Most Important Thing?
Simply put, no. It is essential not to evaluate rakeback percentages in isolation. For instance, a poker room may boast a higher rakeback percentage but charge significantly more in rake overall, rendering the offer less appealing. Additionally, rooms with excessively high rakeback percentages tend to draw in many skilled players. Generally speaking, it can be more lucrative to compete in a softer environment with lower rakeback than in a challenging one with a high rakeback rate.
Summary
Players should certainly seek to benefit from any extra perks their poker room might provide. Some rakeback or VIP schemes operate on an ‘opt-in’ basis, which means players could miss out on free rewards by not understanding the full scope of what their room offers. Although a high rakeback percentage is advantageous, it should not be the sole consideration when choosing a poker room.