It was in 2017 that the Bovada poker room followed in the footsteps of other online gaming sites, increasing the maximum poker table rake. This saw it increase to $4 from the previously in-place $3. Of course, this had a small impact on player win rate, albeit a consistent one. At the same time, those players who can be considered as small fish and also break-even players tend to lose even quicker due to this. That’s quite the bad thing for a site that doesn’t have much appeal for high-rollers.
Today, rake is collected at $0.01 for every $0.20 in the pot, rather than $0.05 per $1 as it was prior to 2017. The maximum rake also adjusted on heads-up tables from $0.50 to $1, with changes also being experienced on pot limit and no limit tables. Stakes higher than $0.10/$0.25 on these tables changed from the aforementioned $3 to $4.
Bovada Poker is not so great when it comes to poker rakeback, though. Alas, it doesn’t seem to be that concerned over attracting rakeback clients to its platform. While the increased win rate at the site will likely make up for the lack of rakeback in place, there is also the inclusion of VIP points which equate to roughly 3% in rakeback.
This Bovada Rewards System was altered in 2019, and every time you contribute a dollar of rake, you earn 15 rewards points. You also get 1.5 points per dollar of buy-in with jackpot sit and gos, and 15 points per dollar of fees paid to enter tournaments. You then ascend through different levels, with six grades on hand and three levels for the middle four of them. These are:
0 points required
Level 1: 2,500 points required
Level 2: 5,000 points required
Level 3: 10,000 points required
Level 1: 25,000 points required
Level 2: 40,000 points required
Level 3: 60,000 points required
Level 1: 150,000 points required
Level 2: 250,000 points required
Level 3: 500,000 points required
Level 1: 1,000,000 points required
Level 2: 1,500,000 points required
Level 3: 2,500,000 points required
Hall of Fame –
5,000,000 points required
All levels and grades base themselves on lifetime points acquired, and different levels come with different reward points redemption rates, ranging from 2,500/$1 to 1,000/$1.
This rewards scheme seems to be in place instead of players being able to benefit from rakeback at Bovada Poker, which makes Bovada a bit different compared to most online poker sites.