What is Rake Back and Why Do You Need It?
For those that don’t know, I’m going to explain exactly how important Rake Back is to being a successful poker player. For starters, 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. The normal amount taken is 10% for SNG’s and MTT’s. Here is 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%.
What’s the reason the poker sites 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 we get back?
Let’s look at this example as it all depends on how much you play. 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 great 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. A lot of the Rake Back programs will issue payments once a month, but there are others that offer weekly and even daily payouts. 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. 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
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