For those that haven’t heard of Rake Back let me explain how important it is to your poker well being. Let’s start off by asking, 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. If you have ever sat down to play a tournament online and had to pay that extra little fee, that is the rake. A typical take for Sit N Go’s or Multi Table Tournaments is 10%. Look at this example.
If you play a $10 SNG then usually you will have to pay $1 as the rake fee.The rake would be $3 for a thirty dollar MTT. Since you now know what the rake is, I’m sure you can guess what Rake Back is. The portion that the poker sites will give you for playing at their sites ranges from 27% to 100%.
What’s the reason the poker rooms offer this?
As you can probably imagine, the costs associated with running an online poker room are much less than the costs of a regular land casino. 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?
Let’s look at this example as it all depends on how much you play. Let’s say you play twenty $20 SNG’s per week. 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. Not too shabby for playing the games that you would be playing anyways. Obviously if you play more or less then your numbers will look a little different from this example, but I’m sure you get the point. Most of the programs pay out once a month, but others are weekly and some daily. The best part is that Rake Back offers are FREE to join and there are usually no minimum requirements that you have to play.
Basically you are getting paid for the games that you would be playing anyways. You are leaving money on the table if you are not using Rake Back.
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