In the poker universe, “rakeback” comes from the root word “rake,” which refers to the amount of money charged by a poker room from all real money players. The bottom line is, this shows the profit that poker sites make from players who wish to enter the room and play against the others. At any time, the poker site gathers up about 5 percent of the pot money in rake.
Now what then is online poker rakeback? It works to reimburse you of the rake you’ve paid out, saving you a good deal of “administrative” costs in the process. So with Rakebackftw.com, you have a possibility of getting back a part of the money you have previously paid out as rake.
How does this work? You basically sign on to any rake rebates site and create your online poker site account in the web page. The website then attends to monitoring the rake that you pay as you play on line poker. It then computes how much refund you are eligible for, taking into consideration the set up that they have with the poker room. The rake rebate arrives once ever calendar month, paid immediately to your account. It is said that every player with an account stands to save as much as 35 percent of rake money on average.
But how specifically do you analyze the amount of rake that you should pay, and the amount of refund you are eligible for, when most poker sites only present you the total rake and not the players’ private contributions? You might not see it, but the poker site retains an eye on your personal rake money, and this is what Rakebackftw.com uses to work out your rebate.
