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 your poker success. 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. 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. 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. I’m sure by now you can probably guess what Rake Back is. In a nutshell it’s a portion, anywhere from 27% to 100% that the poker rooms will give you back for playing at their sites.
What’s the reason the poker sites offer this?
The costs of a regular land casino are much higher than online poker rooms as you can probably imagine. Since their expenses are much less, these poker rooms can offer these incentive bonuses to encourage new customers to join their sites.
So how much can we get back?
It will all depend on how much you play, but let us have a look at this 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. Not too shabby for playing the games that you would be playing 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. The best thing is that most Rake Back offers are easy to join and FREE to sign up.
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
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