For those that haven’t heard of Rake Back let me explain how critical it is to your poker well being. Let’s start off by asking, 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. The rake is basically that small fee that the poker sites charge to run the tournaments. Typically for Sit N Go’s (SNG) or tournaments (MTT) the take is about 10%. Let’s look at 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. 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.
Why do the poker sites do 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. These poker sites can offer these types of bonuses to join their sites since their overall expenses are much less than land casinos.
So how much can you expect to get back?
To answer that question it all depends and how much you play, but let’s look at an example. Let’s say you play twenty $20 SNG’s per week. 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 awesome since you would be playing these games anyways. Obviously if you play more or less then your numbers will look a little different from this example, but I’m sure you get the point. The majority of the sites will pay out each month, but there are some that pay out each week or even daily. The best part is that Rake Back offers are FREE to join and there are usually no minimum requirements that you have to play.
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