If you’ve already watched the video on the top five poker rooms for rakeback, you’ll know that our top pick is CoinPoker.
CoinPoker boasts one of the highest rakeback deals around at 33%, and you don’t have to join an exclusive club to earn your share. It’s awarded to all players, regardless of how much time you put in at the tables.
CoinPoker is firmly in the crypto poker sites camp. To take full advantage of this online poker rakeback deal, you need to use the native CoinPoker cryptocurrency, CHP. If you’re not into crypto, this may be a bit daunting, but it’s actually a pretty simple process which is well explained on the site.
Here’s why CoinPoker is our top pick:
Earn 33% rakeback every week, no matter how much you play
Access CoinPoker from almost anywhere, including the US
Play anonymously at high stakes
What is Poker Rake?
Poker rake is a small percentage of your poker buy-in or chips that the house takes whenever you play poker.
When you play casino games like blackjack or roulette, there’s no need for rake, because the house always has a slim advantage. In other words, rake is “built in”.
With poker, you’re playing against other players for a shared prize pool. At least one player is guaranteed to win cash, but there’s nothing in it for the poker room. That’s why they take a small slice of your buy-in (or the pot, in cash games). It ensures they make enough profit to keep running poker games. Even at the best rakeback poker rooms, it’s part of the standard setup.
Without rake, there’d be no incentive for poker rooms to exist.
What’s Poker Rakeback?
As the name suggests, this is literally a chance for you to get your rake back.
Every time you enter an online poker tournament, the poker room charges a small amount of rake. Rakeback sites reward loyal players by returning a portion of this in cash or tickets.
For example, let’s say you join one of the top offshore poker sites and get 30% rakeback. You enter $1,000 of tournaments, of which $100 is rake. The poker room will give you rake back of 30%, which means $30 in your pocket.
The best poker rakeback deals award high percentages with minimal fuss.
Rakeback in poker:
Awards cash to players
Encourages play at all levels
Increases the number of winning players
How Do Poker Rooms Award Rakeback?
Each poker room has its own way of doing things when it comes to rakeback. There’s no obligation on them to give players any rakeback at all. So, just like all the best poker bonuses and promotions, they’re free to get creative.
Some will give you gifts in special chests. Others may award rakeback in the form of tournament tickets. And then there are sites which take a more professional rakeback approach and dish out straight cash.
There’s an important distinction you need to be aware of, as rake works differently for tourneys and cash games.
How to Claim Rakeback in Poker
Online poker rakeback deals have a different claims process depending on which poker room you choose. For the most part, the best rakeback poker rooms will apply it automatically.
At certain sites, like ACR Poker, you will automatically be opted into one rakeback scheme but with the option to swap over to another one. In the case of ACR, their Elite Benefits program is well worth the switch for regs.
It’s worth remembering that the reason Black Chip Poker didn’t feature in our top five poker rakeback sites video is because it’s a skin of ACR, and so we focused on the different options available to you. However, it does indeed award the same rakeback.
Whenever you first join an online poker site, have a look around the VIP or account section to make sure you’re opted in for rakeback.
Rake in Tournaments
Texas Hold’em rakeback is usually identical, or very similar, at most rakeback poker sites. And it’s easy to see exactly how much you’re being charged.
When you open up a tournament lobby, the buy-in amount is usually divided into two sections. Here are some typical examples:
$5 + $0.50
$10 + $1
$100 + $9
$200 + $15
The first number is how much of your buy-in goes to the prize pool. The second number is the amount the poker room collects from you.
For example, if nine people play an $11 buy-in event, the total money collected is $99. Of that, $9 goes to the poker room and $90 is awarded to the winning players.
Rake in Cash Games
Rake in cash games is a bit more fluid.
In cash games, every chip represents real money, so the poker room usually takes a cut of each pot. This differs from tournament rake, which is fixed.
The amount of rakeback you receive from cash games will depend on how the poker room calculates their poker rake.
How to Calculate Poker Rakeback
We’ve already covered tournament rake, which is pretty simple. But how do you calculate the amount of cash you’ll earn from the best poker rakeback deals?
There are three main types of poker rakeback.
Contributed Rakeback
The key word here is ‘contributed’, which means your poker rakeback all depends on how much you contribute to the pot.
If you invest a lot into a pot, you’ll receive a bigger chunk of rakeback. If you’re not really involved, then the lion’s share will go to your more active opponents. So, if you’re an aggressive or loose player, this might suit you best.
Example of Contributed Rakeback
You’re getting 30% rakeback and the poker room takes 5% rake with a $5 cap.
The pot is $50, of which you’ve bet $20.
5% of $20 = $1
30% of $1 = $0.30
You receive $0.30 in rakeback
Dealt Rakeback
Unlike contributed rakeback, all you have to do to qualify for dealt rakeback is to be dealt into the hand.
You can sit there folding all night and locking in rakeback using this method. Therefore, this could be the best poker rakeback deal if you’re a tighter and more cautious player who doesn’t want to necessarily play a wide range of hands.
Example of Dealt Rakeback
You’re getting 30% rakeback and the poker room takes 5% rake with a $5 cap.
The pot is $80 at a full six-seater table.
5% of $80 = $4
$4 divided by 6 = $0.66
30% of $0.66 = $0.22
You receive $0.22 in rakeback
Shared Rakeback
This is similar to dealt rakeback, but you need to voluntarily put money in the pot to qualify. In other words, if you fold pre-flop or give up your blinds without a fight, no rake for you.
You’ll still earn rake on all hands you actively play, it just won’t matter how much you put in the pot – unlike contributed rake.
Example of Shared Rakeback
You’re getting 30% rakeback and the poker room takes 5% rake with a $5 cap.
The pot is $65 at a full nine-seater table with 5 players voluntarily involved.
5% of $65 = $3.25
$3.25 divided by 5 = $0.65
30% of $0.65 = $0.195
You receive $0.20 in rakeback
Importance of Rakeback
Rakeback in online poker is a tax on players, so it’s not exciting – but it is essential to keep the game going, even at the best online poker sites. What is exciting is rakeback, giving you a chance to scoop back some of those costs.
For casual players, the best rakeback deals might not seem very important. And in reality, they aren’t really. If you only play now and then, there are other things you should prioritize when choosing a site. For example, there’s no BetOnline rakeback, but you might prefer playing there for their soft players. It’s also the same deal with Ignition poker rakeback.
But players who spend a lot of time at the digital felt must find a top rakeback deal, as it can literally be the difference between a winning and losing player. High volumes of poker can return thousands or tens of thousands of dollars per year in rakeback. If you’re not getting one of the higher-percentage rakeback deals, you could be selling yourself short.
You could think of rakeback like shopping around for the highest interest rate on your bank account. Many people know it’s worthwhile, but choose not to do anything about it. If you don’t go after the best rakeback deals, you’re only cheating yourself.
Live vs Online Poker Rakeback
Rakeback is significantly higher when you play at a live casino, whether that’s a cash game or a tournament.
The reason for this is that live venues have more expensive overheads. They need a suitable poker room, a dealer, equipment, and security to oversee the event. That all adds up, and so more rake is required.
Rakeback is much rarer in live games, and it’s usually not as cut-and-dry as online poker rooms. For example, you might have some kind of promotional “drop” every few orbits or once per hour.
The best poker rakeback deals are always found online. It’s easier and cheaper for the poker room to open up new tables or run events, giving them more leeway to reward players with a juicy rakeback deal.
Key Takeaways
The best poker rakeback deals can make a drastic change to your bottom line, especially if you play a lot of poker. Here are three rakeback tips to keep in mind:
Find a high rakeback percentage. Choose a site such as CoinPoker, which pays 33% rakeback and came top of our top five poker rooms for rakeback.
Focus on cash payouts. Cash gives you the most freedom to spend your rakeback as you please.
Choose the right type of rakeback. Pick from contributed, dealt or shared rake based on how you play.
FAQs
What is rakeback in poker?
Poker rakeback is a reward given to players, often in the form of cash. The more poker tournaments and cash games you enter, the more rakeback you’ll earn – regardless of whether you win or lose.
What is a good rakeback deal?
CoinPoker has one of the best poker rakeback deals currently available. You’ll receive 33% rakeback which is paid into your account on a weekly basis. This is the case for players at all stakes.
How do I calculate poker rakeback?
If you’re playing a poker tournament, rakeback will be displayed in the lobby. For a cash game, you’ll often pay a flat fee per pot, such as 5% with a cap. You can use poker software to help calculate it.
How much rake do poker rooms charge?
Most online poker rooms charge around 10% in rake for tournaments. Cash games are usually capped at somewhere between $3-$5 per pot, depending on the stakes.
Is 10% rake a lot in poker?
Paying 10% rake in a poker tournament is completely standard for online poker. In a live event, you’ll likely pay more. In cash games, you want a low percentage but also a low cap per hand.
What is a rake cap?
A cap is a maximum amount of rake which can be collected by the poker room. Caps are in place to ensure that the poker room doesn’t take an unfair amount out of any tournament prize pool or cash game pot.