RAKEBACK: IN-DEPTH - how rakeback fits into the online poker
schema, and why you shouldn't play with
The majority of online poker players are playing in one of 3
basic arrangements:
1) NO AFFILIATE
You went to a site and signed up. The house collects ALL of your
rake and tournament entry fees. You get nothing back, except
your wins. Paying a few hundred dollars a week in rake is
typical, for serious poker players. For some of us it's
thousands. Rake is taken a little at a time, out of each pot, so
you don't miss it. But it adds up.
Rake is expensive. A 5-10 limit player in a loose online game
easily contributes 20 dollars an hour to the rake, per table
(when players report hourly expectations such as "1.5 big bets
per hour", this is net profit - what they make, above and beyond
rake (most players pay attention only to their bottom line,
after rake has been siphoned off).
2) STANDARD AFFILIATE
You signed up via an affiliate link. The house collects your
rake, pays the affiliate a percentage (20-30% usually) as a
reward for getting your business, and keeps 70-80% for
themselves. Again, you get nothing back; you pay your rake and
at the end of the month, you have your winnings, which hopefully
are greater than the amount paid in rake.
3) AFFILIATE OFFERING RAKE REBATE
You signed up via an affiliate who is offering you RAKE REBATE.
You play your game, take your winnings, pay your rake over the
course of the month. Then the affiliate gets paid his percentage
(20-30% in most cases) of the revenue you generated for the
site, and repays you some - and if your affiliate is treating
you right, MOST - of the money he was awarded. You wind up
getting roughly a quarter (sometimes more) of your rake paid
back to you, minus administrative fees, which can regardlessly
equal thousands of dollars, just because you were savvy enough
to choose the right affiliate (or demand your affiliate give you
a better deal).
There is NO reason to be playing without a rakeback plan! Lots
of online poker players still are!
Rakeback puts the hourly rate of winning players through the
roof. Break-even players become winners. And it picks up where
deposit bonuses leave off; while deposit bonuses are a one time
shot, rakeback plans continue paying you back - month after
month.
If you're playing online poker under an invisible affiliate who
offered you only mediocre bonuses when you signed up, and offers
you no rake rebate:
You deserve a better arrangement.
Your affiliate should know who you are, should answer all your
questions, and with poker promotion being as competitive as it
is, should share his profit with you. After all, your affiliate
gets paid by the casino, for every raked hand YOU play! Rakeback
deals are fairly easy to find. If your affiliate isn't giving
you a sizeable chunk of his commission, you can do better.
Your poker-playing is the reason affiliates exist! YOU are their
livelihood. Yet many affiliates rely on customer ignorance, the
fact that most players are still unaware that they should be
expecting rake rebate... let's take a fictional player, "Bob".
Bob is a good poker player. He makes a good secondary income
playing cards. He prefers playing online, because he can play
more than one table at at a time, the game moves more quickly,
and there is ALWAYS a game available. He plays a lot of hours at
fairly high limits, and pays somewhere in the neighborhood of
ten thousand dollars per month in rake.
But he makes a good hourly wage when he plays. So Bob settles
into a groove at a specific site, he's winning, no one has ever
offered him any kind of loyalty incentive, but he likes the
site. He's mainly concerned with his bottom line, after rake has
been siphoned off. He's never questioned his arrangement much -
he's a winner as things currently stand.
After all, he figures, he's just a guy playing cards, and
playing rake just goes with the territory... You have to pay if
you want to play. So he keeps on playing, and keeps on winning,
and doesn't think much of it.
But what's happening behind the scenes here?
An invisible affiliate, who provided him with a signup link
months earlier but has no contact with Bob whatsoever today, is
collecting a substantial chunk of the money he makes for the
casino every month! $2000 a month, in fact. The house takes
roughly $8000, out of Bob's pocket, the affiliate gets the rest,
and Bob just gets his winnings. Does this seem fair? If Bob had
the right affiliate, he'd be getting the bulk of that $2000,
paid to him in a lump sum. After all, he's the one playing cards.
Rake is expensive. Even when we have a winning week, we flinch
when we do a rough calculation and figure out how much we spent
on tournament entry fees and rake.
Do you know how much you're paying in rake? It adds up quickly,
and most players, even good players, are taken aback. This is
all the more reason to start playing with a rakeback plan - the
amount of the rake rebate is usually a pleasant surprise to the
player getting it.
After all, it's your money. For players playing <5-10 Limit or
2-4 NL, the house is generally raking $30 for every 100 hands
they play. Having a rakeback plan lessens your losses, pads your
winnings, and makes an enormous difference to your monthly
expectation... and it requires no extra work on your part,
beyond choosing an affiliate wisely.
I urge you: DEMAND rakeback when you play online. If your
current affiliates won't offer you any, someone else will. It's
worth the hassle to get set up properly.
Chris Vandergaag
http://www.stacksback.com
<-- Best rakeback, best bonuses, best sites