RAKEBACK: IN-DEPTH - how rakeback fits
into the online poker schema, and why you
shouldn't play without it by
Chris Vandergaag
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
About the Author
Chris Vandergaag is a writer, editor,
online poker player, and online poker
affiliate.