Best Poker Rakeback Rooms
If you have been playing Online Poker long enough, you have no doubt heard about "Poker Rakeback". Though, some people still don't know what Rakeback really is, how it works, or why it is important when signing up to a new poker room. So, this article will answer a few of these questions for you.
What is Rakeback?
Put simply, Rakeback is when a poker rooms gives a percentage of your "rake". Rake is the money a poker room takes out of each pot in a cash game, or a tournament fee that is paid when entering a Sit and Go or MTT. Rakeback gives you a set percentage of your paid rake back. Example: If you play a $10 + $1 Tournament, the $1 is "rake".
How Does Rakeback Work?
Example: You play all month at a Poker Room where you get 30% Rakeback. At the end of the month you pay a total of $1,000 in total rake. So, you will get 30% of that back - $1000 x .30% = $300. As you can see form this example, getting your rakeback is a great way to help increase your bankroll and reduces the cost of playing poker.
Rakeback Example: $1000 (Paid Rake) x 30% = $300 Rakeback>
How do you get Rakback?
Several of the online poker room offer rakeback to players. We have listed the very best Rakeback Poker Rooms here on Loose Change. You can see our list bottom of this page. If you already have an account at a specific site, you will probably not be eligible for rakeback unless you create a new account. Some poker rooms will allow us to add rakeback to your existing account though.
If you are interested in this, please send us an email to email@example.com with the subject "Loosechange Rakeback". Please provide us details of your existing account and we will discuss your options.
How do you get your Rakeback Paid?
Most poker room pay rakeback directly to your account. Depending on the poker room your rakeback will be paid Daily, Weekly, or monthly. Please check our poker room reviews for specifics on each room.