Rakeback is free money for playing poker.
For any online poker player, rakeback is beneficial for them. It costs nothing, takes almost no time to set up, and offers to get them free money. I wrote another article explaining the details of rakeback, but all you really need to know is that rakeback is a promotion from poker sites and their affiliates.
Every hand around 5% is raked from the pot. That rake is divided between the players to calculate how much each person contributed. Their monthly total is called their MGR, or monthly gross rake. A poker site usually offers to return about 20-35% of your MGR each month.
It's beneficial for tournament players as well, as the tournament fee for tournaments is added to your MGR. Frankly, every person online should have rakeback, there is simply no reason not to.
You can have an account with rakeback by signing up at one of the various sites that provide the rakeback promotion. I use Rakebreak, and provided their link below. I'm an affiliate, and my referral code is 458. If you do sign up for rakeback, I'd appreciate it if you helped me out.
Rakebreak offers the best rakeback deals you will find online. While most sites offer the same percentage of rakeback Rakebreak also allows you to easily check your MGR on each site, cash out your accumulate rakeback at any time, and the signup process for each site is thoroughly explained on the site.
Oh and they have $10,000 freerolls and stuff for their members.
In the case of Rakebreak, simple click on the link, and create an account with Rakebreak. Then you simply click on the site you want rakeback for and follow their instructions. I have rakeback with them on all the sites I play on, and no one I have talked to have had any issues with them.
There are usually industry standards for how much rakeback you can receive.
This is a quick breakdown of a few major sites offered to US players.
Pokerstars - No rakeback offered.
Full Tilt - 27%
Absolute Bet - 30%
Ultimate Bet - 30%
Cake Poker - 33%
For people with existing accounts, it is possible to get them tagged with rakeback. I suggest signing up with rakebreak and then sending an email to both the site you play on and Rakebreak support to see if you can get it tagged with rakeback. If not you may have to make a new account.
Rakeback is a critical tool to winning online, but it will net you additional money whenever you play. Considering the minimal time investment, it is well worth the 15 or so minutes it requires to do. It can turn losing players into break even players, break even players into winners, and winners into even bigger winners. Rakeback is the very first step I recommend to people who want to get started online.
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