Question and Answers about Rakeback
Our experienced Rakeback staff have compiled a list of answers to questions most new rakeback poker players (and many existing rakeback players) have about rake back. The following rakeback information will clear up specific and general details about getting rakeback.
What is rake?
Rake is the “tax” a poker room assesses from each pot in a cash game on their poker site. The “tax” the poker room assesses to each pot is a fee that is called rake. Collecting rake is commonplace in both live and online poker play and is unavoidable in ensuring the host poker site will be compensated for hosting the poker game on their site.
What is rakeback?
Rakeback is the process in receiving a rebate or return on the “tax” levied by an online poker room. When a player signs up for rake back through our website, we ensure you will receive a predetermined portion of the rake tax our poker players pay. This rakeback is paid daily, weekly, or monthly - depending on the poker site in which rakeback is being collected from our rakeback players.
What is "Total Rake" or "Net Revenue"?
Whether listed as total rake, net revenue, or any other fancy name - these totals detail the whole amount you - as a poker player have paid in “rake tax” throughout the month. You can expect us to pay you a set percentage of net revenue generated from your poker play.
What is a Rakeback Provider?
Rakeback providers are the websites and companies set up to ensure poker players are compensated for their poker activity. A rakeback provider serves as an in-between, where they track rake information from the poker room, relay the updated rake information to the player, and finally ensure the player is paid a correct amount for rake activity in a timely manner. We are rakeback providers providing rakeback to players since 2008.
How can a poker player get rakeback through our site?
In order to receive rakeback with the help of Poker Rakeback Site, you must first create a new account. Upon creation of the account, our poker players may log in and view the list of poker rooms and their corresponding rakeback offers. Simply find the room and offer you are looking for and use our special links to the appropriate rakeback poker rooms - paying careful attention to follow the instructions we have provided. Once you have done so, you are ready to receive rakeback through PokerRakebackSite.com!
When and at what frequency are my Rakeback stats updated?
We typically update the rakeback statistics on a daily basis. However, we rely on poker rooms to give us the rakeback data for our players in order to provide updated statistics on rakeback. In some instances, the poker rooms are not always able to provide statistics every day. Thus, there may be times when the data is not up to the minute or delayed (this is beyond our control). That being said, a player can still expect to be correctly compensated for their play - even if a delay in updated data exists
Will I Still Get The Bonuses at a Poker Room if I Receive Rakeback?
Absolutely! Each bonus and additional poker room promotion offered through our site PokerRakebackSite.com is available while receiving rakeback through us. In the event there are special conditions (if a poker room deducts a portion of a bonus from rakeback) this is spelled out in advance.
When are Rakeback Payments Made to Me?
Rakeback is provided on a monthly basis. Typically, a rakeback player can expect payment during the second week of the month for rake activity generated for the past month’s play. For example, a player who has accumulated $1000 in rakeback entitlement in the month of June can expect to receive their money during the second week of July.
It is important to remember that a rakeback balance of greater than $20 must be outstanding in order to trigger payment. Thus, if a player has accumulated less than $20 in rakeback entitlement, the balance will be carried forward to the next month, as opposed to paid out. We will then pay a player at the appropriate time when the rakeback entitlement exceeds $20.
Additional Rakeback Questions
If we have left you with additional questions not covered in the Rake Back FAQ or within the confines of our website, feel free to contact our rakeback customer service, as we are happy to answer any questions you have on rakeback and poker rooms. Click here to contact us!
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