There are many online poker web sites nowadays that offer players online poker games. This is obviously good news for poker lovers. Now you have the option of playing in the comfort of your home. Many of these sites are good for beginners. This is a great way to feel out the game before playing in a live game.
But if you are reading this article you probably have already joined an online Texas Holdem poker room and are looking to make even more money with online poker rakeback.
In order to understand what a rakeback is, one needs to first understand what rake is. With most games at offered at online casinos, the casino wins money because the odds are favoured towards them. This however is not the way it works with online poker. In online poker players make money by winning other poker players money. Because of this there is no way for an online Texas Hold Em poker room to make money.
They solved this problem by devising what is known as “poker rake”. With this system the poker website will take a percentage of the money from the player. You can think of rake as a small entry fee to be able to play on a particular website.
Though this money is removed from the pot, it is so tiny that it doesn’t really affect the poker players potential earnings. However over a long period of time this small cut really can add up.
Rakeback on the other hand is a type of refund of the money you paid the poker site to play. It is a way for you save on rake costs. If you create a new online poker room through a site such as the Texas Holdem Poker Club, you can not only make money with first deposit poker bonuses but also save as much as 33% on the rake you pay with their online poker rakeback deals. The Club will do this by keeping track of any payments you make to an online poker room. Online poker rakeback is usually paid once a month, directly into your poker account. This allows you to easily track how much rackback you earn while playing.
The benefits of going through The Texas Hold Em Poker Club or any other similar websites is that there will be a good chance that you will receive additional bonuses that don’t normally come along with direct poker room sign ups. This is especially helpful for beginners. If you are an advanced player then obviously you will be able to make more money.
There are basically 2 rakeback methods. Shared and contributed method. In a shared method the rake is divided evenly among all players who were dealt cards. An example of the shared method would be, if there were 5 players and the rake was $5 then the rakeback would be $1 per player. In a contributed method, All 5 players must contribute to the pot. The rake a player gets is proportionate to the amount the player puts in the pot. For example if you contributed ¼ of the total amount then player’s rakeback would be ¼ of the rake.