Poker Cashback
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It’s an obvious fact that online poker sites are businesses. They operate to make money, and even the pretend money tables that they offer are there with a view to the pretend money players one day becoming real money players, therefor making the poker site money. The way that the poker site actually makes money is different for tournaments or cash games for tournaments, the poker site generally adds a fee of around 10% of the tournament buy in to every tournament that you enter.
For example, if you are entering a tournament with a $100 buy in, you’ll usually see it displayed as $100 + $10. The $100 goes towards the tournaments prize pool for the participating players to win, and the $10 is what the poker site keeps as an operating fee. In cash games, the poker site takes even more money. They take 5% of every pot from every hand. This obviously adds up to a substantial amount of money.
These fees are commonly known as the rake. Now wouldn’t it be great to get some of that cash back. Well you can, and here’s how. There are online businesses such as the rakeback mafia who specialise in poker cashback. The way that these rakeback sites work is that they have agreements with the poker sites whereby the poker sites pay the rakeback site a percentage of the money (rake) that they earn from any customers referred by the rakeback site. So for example, if you decided that you wanted to play at full tilt poker and went directly to full tilt and started playing, you’d pay the standard rake and recieve nothing in return. If on the other hand you went to a poker cashback specialist such as The Rakeback mafia and signed up to full tilt poker through them, then full tilt would pay The Rakeback Mafia 35% of the profit that they earned from you, as a referral commission.
The Rakeback Mafia would then give you 27% back to say thank you for signing up through them. That’s 27% of your rake back for free. That’s how poker cashback works. There are also other ways that poker cashback specialists can reward you, other than simply giving you a percentage of your rake back. You see, poker sites only allow cashback sites to offer you a certain percentage of your rakeback, but there are some promotions that give you more cash back on top of your rakeback. Rake races pay out monthly to the highest rakers at each poker site every month. Rake chases pay out money to the fastest people to rake specific amounts each month.
And finally, good poker cashback providers will always give you a percentage of any of your friends that you refer to them. The Rakeback Mafia give the highest refer a friend rates in the world, giving you 5% of your friends rake, as well as giving your friends the maximum rakeback allowed by the poker sites. The bottom line is, poker cashback can give you a very high amount of regular, free, money, and it would be crazy to play online poker without it.
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Filed under: Poker
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Full Tilt Poker is not paying 35% to any rakeback affiliates. The lowered the comission to 30% net which mean that affiliates are left with around 2.5%. This is like Belarus Steel factory margin:). However it is understandable that the big brands want to lower affiliate comission these days- they do have all the power.