For those of you who are new to poker or just may not be aware of what Rake Back actually is I’m going to explain how important it is to your poker bottom line. To start off, what is the rake? Basically this is the amount of money that the poker rooms, either online or offline keep as their cut for hosting the poker game. The rake is basically that small fee that the poker sites charge to run the tournaments. The normal amount taken is 10% for SNG’s and MTT’s. Let’s look at an example.
If you play a $10 SNG then usually you will have to pay $1 as the rake fee. For a $30 MTT the rake would be $3 and so on. Now that you know what the rake is, you can probably guess what the term Rake Back means. The portion that the poker sites will give you for playing at their sites ranges from 27% to 100%.
Why do the poker sites do this?
The costs of a regular land casino are much higher than online poker sites as you can probably imagine. Since their over head is far less, these sites can offer these types of cash back incentives to encourage customers to join and play at their site.
So how much can you expect to get back?
To answer that question it all depends and how much you play, but let’s look at an example. Let’s just say that each week you play only twenty $20 SNG’s. The numbers would look something like this:
# of SNG’s : 20
Rake Paid (Week): $40 ($2 x 20 SNG’s)
Rake Paid (Month): $160 (4 weeks X $40)
Rake Paid (Year): $1,920 (12 months X $160)
Now if we use a typical Rake Back Deal of 30%, you would get back $576 over the course of a year. That’s pretty awesome since you would be playing these games anyways. Your numbers may look different depending on the levels you play, but I’m sure you get the point. Most of the programs pay out once a month, but others are weekly and some daily. What’s great is that there is usually no minimum play requirements and they are FREE to join.
What it comes down to is that you are getting FREE money for playing anyways. If you aren’t using Rake Bake then you are leaving money at the poker table.
If you are interested in learning more about being a Winning Poker Player, You can sign up for my FREE SNG Poker Training Course “From Fish to SNG Pro in Only 17 Days” by visiting http://www.sngtrainer.com