|Wednesday 19th June 2013|
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Why you should consider rakeback
If you play poker, then you'll know that you have to pay rake, but did you know that you can reclaim some of it back? I've played online poker at small stakes for a number of years, and although I'd heard of rakeback, I never really bothered with it because I didn't think I played enough to make it worthwhile.
Well I couldn't have been more wrong! After discussing rakeback with a couple of guys on a forum, one of them pointed out that a refund was a refund no matter how big or small it was, it was free money. So I decided to sign up for a new poker room via raketherake and continued to play my usual amount of "leisure" games. At the end of my first month, I received a payment of £90 and was amazed that I had got THAT much.
Since then, I have started playing a lot more. Poker is a game based on long term edges and if you have an edge over your opponents, you will make a profit. Until I got a rakeback deal I was one of those players that "just about breaks even". In reality, I was slowly but surely LOSING money. If you have a rakeback deal, you do not need to be a winning player. Simply breaking even will actually make a profit due to rakeback. A lot of very average poker players have been able to turn professional because the internet allows them to play a high volume of games. Many of these players will have at least 4 tables open at once and play for several hours at a time.
The advice is obvious. If you like to play poker online, no matter how often, make sure that you're getting rakeback. It can make a BIG difference.
How to setup a rakeback deal
Setting up a rakeback deal is very easy. First of all, email your favourite poker site and ask them about rakeback. Some sites will give you rakeback without having to go through an affiliate. If your poker site refuses to offer you a deal, they play dumb and pretend they don't know what rakeback is, or they offer you less than 30%, it is time to look elsewhere or setup a new account. If you like your current poker site because it is full of little fishies, then you have two options: either carry on playing without rakeback or close your old account and use a different credit/debit card when you setup your new one.
Next step is to select a rakeback site. I use raketherake because their customer support is excellent and they have a lot of exclusive freerolls with big (usually around $5000) prize pools. Open a new account with the rakeback site and then carefully follow their instructions on how to setup your new poker account. Once setup, rakeback payments are automatically credited to your account every month. Most rakeback deals offer you 30%, although there are sometimes promotional deals offering considerably more.
How to make the most of your rakeback deal
This one is fairly obvious. The more you play, the more rakeback you get. Sit N' Go tournaments usually have a higher rake than cash games, however you will pay a lot more rake per hour in cash games. Also, the structure of Sit N' Go tourneys means that you will often be forced to play much looser than you are comfortable with. So my advice is to adopt the tight/aggressive style and then play cash games. Previous to getting a rakeback deal, I played nothing but Sit N' Go tourneys. I can honestly say that I am much more profitable at cash games, although bank roll management (BRM) is VERY important.
You may find some of the following tutorials useful if you want to improve your poker game:
Sky Poker Video Tutorials (video tutorials explaining basic strategies)
Professional Poker Tutorials (Massive archive of quality advice)
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