Some choose to play online poker to make money, while others just want to enjoy the game while losing as little as possible. Either way, players are always looking for the best ways to increase their profits and decrease risk when placing real money bets.
One of the easiest ways to save money while playing poker is by using rakebacks. However, not many poker fans even know this option exists! So, what is a rakeback in poker?
Essentially, a rakeback happens when the casino or poker room refunds you a certain percentage of the rake it took as you placed bets.
But what does that really mean? And how do you use it to your advantage?
Learn new ways to protect your cash as you place bets, and you might just be able to make a real profit while playing your favorite casino game!
Rake, rakeback, and Everything in Between
Poker Rakes Explained
Before we delve into more detail about rakebacks and how you can make the most of them, let's talk about the rake itself.
While you can join a casino for free, gambling venues take a cut from every real money pot, as this is the main way for them to make a profit. To calculate how much money the casino will rake, casinos take into account two things:
- The stakes of the game.
- The number of players who were dealt cards.
That means that whenever you start a new round of poker at Everygame, the casino will charge you a small fee. However, to keep things fair, Everygame has a "no flop, no drop" policy. That means that if the game completes before the flop, a rake won't be removed.
For example, if three players play $1/$2 No-Limit Hold'em, the rake will be set at $0.05, which can sum up to a maximum of $2.00. If they keep playing for many hours, those players will pay the casinos a few dollars each without noticing.
All You Need to Know About Rakebacks
But even though the casino has to remove a rake from every real money game, you still have a chance to get some of that money back.
In some cases, online poker rooms will refund some of the money they took. That can range anywhere from 10% to 50% of the rake, which is rather exciting.
At Everygame, you can get a 36% rakeback, paid in $10 increments each day. However, this option is not completely unconditional. At this moment in time, you can get a rakeback on Ring Game rakes and most tournament fees.
To receive your rakeback, you need to contact the casino's team via email. Also, rakebacks can be affected by your VIP status, so if you want to learn more about this option, you should contact a casino representative as soon as possible.
In some cases, casinos don't offer rakebacks, but they do have regular cashback and refunds available to players.
You can use a rakeback calculator to get a general idea of how much money you can get, depending on the number of hours you play, the number of tables you sit at, and so on.
There are many ways for you to increase your profits – or at least lose less money – when you play online poker. Getting rakebacks might not turn you into a millionaire, but it can certainly make it easier for you to keep your bank account protected.