To understand how the rakeback works, you’ll need to first learn about the rake. To earn revenue and make a profit, online poker rooms charge fees from the game. These fees are commonly known as the rake.
In a cash game, an online poker site takes a certain portion of the pot after the hand is complete. Poker rooms have different ways of doing this, but you’ll mostly find operators retrieving the rake only after the flop. If you raise pre-flop and other players fold, then no rake is taken by the house. Cash tables usually have pot rakes ranging from 5% to 10% and a cap of maximum rake for each stakes.
Tournament poker rake refers to the fees you pay before joining an event. For instance, if you’re participating in a $20 tournament or sit go, your rake may be expounded as $18 + $2. This means the company earns $2 in tournament fees, which is collected from each player from their entry fee. Assuming 200 players participate in the poker tournament, the operator would receive $400 of rake in total.
You don’t need to be a genius in poker to understand that for every $5 that operators retrieve from the pots played, players will ”lose” that $5. If you’re competing for a $100 pot, you’ll only get $95 in case you win. Depending on how you see it, you’re kind of short of $5. This figure grows as you play more cash games and poker tournaments.
Some poker rooms have such high rake structures that making any sizable profits becomes a real challenge for any player. Rake can eat up a big chunk of your bankroll in the long run. You’ll need to protect your bankroll in these high rake environments if you’re looking to make some profit from online poker.
What’s the easiest way of reducing the rake you pay? You probably guessed that already: taking advantage of poker rakeback.