Every person playing poker is looking for some way to increase their edge. Some play for the money, some for fun, but everyone wants to win. There is an extremely simple process to allow you to greatly increase the amount of money you win. It involves no advanced strategy, or poker technique, yet is available to any person who plays online poker. One simple thing will guarantee you will make some return on every hand you play. It helps out tournament players too.
Every casino and online poker site rakes their games. It’s how they profit. However, online casinos are constantly competing with each other to gain market share. One way they try to get market share is making affiliate deals with certain companies by offering to share a portion of the rake generated by a player with the affiliated company. Then these companies turn around and offer a portion of the rake back to the player who creates it in order to give them an incentive to play at that site. The incentive program to the player is called rakeback.
In a nutshell, it means you get back around 20-35% (depending on which poker site and affiliate program you use) of the rake you contribute back to you. That may not sound like much, but when you see the difference it makes you’ll realize, rakeback is an amazing thing. Many players online are marginal losers or break even players. Rakeback will be enough to push them into being a winner without having to improve their game. A winning player can win even more. Rakeback is a chance to reduce the attrition that the house rake constantly applies.
The rakeback amount is calculated by multiplying your percentage of returned rake by your Monthly Gross Rake (MGR). This is the amount of rake that is attributed to your account on a monthly basis. In the following month, the poker site will transfer your rakeback directly to your poker account, usually by the 15th of the month.
Most sites rake 5% of each pot up to a maximum of $3. Your MGR is calculated in one of three methods: dealt, contributed, and contributed average. The dealt method divides up the rake taken by the number of players dealt into the hand and attributing that much to each player regardless of actual contribution. This is best for tight players as they are usually attributed an unfair portion of rake. The contributed method is simply the calculation of the percentage each player contributed to the final pot, then using that calculation to divide the rake for the player contribution. The third method is a cross between the other two, and it calculates MGR by dividing the rake evenly by all players who contributed any amount to the pot. The dealt method is the most commonly used one. Some sites will deduct money from bonuses or other promotions from your MGR. Ask the site support, and the rakeback providers for the details.
Rakeback also works for tournaments. Simply add the tournament fee to you MGR. This also applies to sit and go players, so serious SnG players should consider this to increase their ROI (return on investment). In fact, pretty much any player can increase their win rate with rakeback.