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What is Poker Rakeback?
To answer that question we first have to take a look at what rake is. Because
poker is not played against the house there is no built-in edge for the casino.
Therefore, the poker rooms deduct a percentage from every pot, and that money
is called rake.
This money can add up to a huge amount in the long run and it is not unusual
for a poker player to pay a couple of thousand dollars in rake every month.
This is of course a good deal for the poker rooms, but not an especially good
deal for the players. (1) Every single player will have money taken out of
every winning pot and don’t win as much as if the game were to be played
without rake.(2) Money is taken out of the game. Every time a poker room takes
rake, that money won’t come back to the poker community. If no one would
deposit more money into the poker rooms, soon all the cash that already is in
there would end up in the poker company’s pockets.
Therefore, rakeback is good in two
ways. (1) Players get money back, and that is of course good for their
bankroll. (2) Money goes back into the game. If the weak player gets some of
their raked money refunded, the good players get another chance of winning it.
When the rake is as high as it is today, it would just be stupid to play without
a good rakeback offer.
It is good for you, and it is good for poker.
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