Did you know that Rakeback is quite an old term when it comes to poker players who like to gamble online? It originated in the late 1980's, as a form of rebate that enabled players to play more. Since poker rooms charge a fee that is popularly known as Rake, Rakeback means return of the money for the player. When the game went online, it promised players a certain share of the money that they gambled through the month.
Advantages of Rakebacks
Poker like all other gambles need a person to put in money and play with his luck and skills to win back that money along with money put in by others. While the odds are not in favor of a player, a rakeback is most likely to pay off. Unlike the unpredictable game of poker, a rakeback can be a stable profit score for the winner. Apart from returns, the following benefits accrue to a player if he gets a monthly rakeback:
1. Extra Profits or Poker points: Since the rake back is provided irrespective of any winning or losing, it adds to the profit levels of the players. People often think that this rebate is only beneficial for players who bet big and play regularly. This is far from the truth, since the return is a fixed percentage of money or poker points that every player will get on the amount he has played for. A player generating more value may get better offers but it does not make the returns for smaller or less frequent players unworthy.
2. Increase stakes for your poker game: Either via a cash back or accumulation of poker points, you can always increase your stakes as long as you get a rakeback. This is due to the accumulation of points at the end of poker room. The stored up points add to your bank roll, thus raising your ability to play. In addition, with rising bank rolls, one get access higher bid tables and wealthier opponents. With each subsequent win, the turnover rises and so does the amount of rake back.
3. Makes you a winner: Those who play poker for fun or are not looking at speculative profits from the game can become winners due to this special rebate. A rake back acts as a fixed component in the variable equation of your return on investments. This guaranteed income works in your favor. In case the returns are given as cash, it is straight away converted into profits for the player and for non-cash, poker based rewards, those points can be accumulated and played with.
The main thing about a rake back is to play smart and generate volumes without losing too much. Also, choosing between various poker rooms would help you get varied discount offers.
