Rakeback is a way of making money while playing poker online. Poker rooms tend to pay affiliates to direct traffic to their poker sites and this commission is worked out as a percentage of the rake that a player generates at the poker tables. The whopping commission rate is usually between 20-40% and if played right, it can be very financially rewarding.
Some affiliates might become what are known as ‘rakeback affiliates’. Basically this means that they are trying to get payers to open accounts at the poker rooms through their sites by offering them a cut of this rakeback commission. A person can expect to receive up to 80% of what the rakeback affiliate is being offered from the online poker room. Ultimately this boils down to the fact that a player can land themselves with between 25-35% of the rake they generate back via the affiliate.
As an example: if a player was paying $1000 a month in rake and belonged to a 25% rakeback program, then they earn $250 back a month. Not bad extra cash!! Some high rollers find themselves with over $50,000 a year in rakeback. Rakeback is a superb way of earning extra money and will totally depend on a player’s ability of stretching their bankroll. High rollers will obviously be earning much more in rakeback than low-rollers.
Rakeback can be paid by several modes of payment – sometimes directly to a player’s poker accounts or through Neteller, PayPal, Check, Bank Transfer etc. Each rakeback affiliate will have its own choice.
For players who are looking to make a bit of extra money while playing online poker, rakeback is the answer. The more a poker player spends, the more they can get back. It is also an great way for online poker sites to get more and more traffic generated.
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