When you are playing on line poker there are some things that the poker rooms try to keep from your attention. Let me explain, they love people who sign up to their poker site after seeing an advertisement on TV as they get to keep all rake generated by that person for life. However nowadays if you search the internet for the term ‘Rakeback’ you will see that you can get up to 40% of that rake returned into your poker account for life. The following article shall explain the concept of rakeback and how a poker player can gain free money by simply having a rakeback account.

First of all you need to understand the term ‘Rake’. ‘Rake’ is the amount the poker room takes from each pot, as a commission, for offering the poker game. The amount taken from each pot varies by limits, but is generally anywhere from $1-$5 on average per hand. When you sign up with a poker room through a rakeback provider, you will receive a refund for every dollar that you pay in rake. This refund is known as rakeback. No matter what limits or game you play, whether you are a professional or just play poker recreationally, receiving rakeback will greatly increase your win-rate, and allow you to make more money.

You cannot directly apply to the poker room for the Rakeback but must go through a Rakeback provider. The rakeback provider will track all the rake you have contributed on a daily basis and will then pay the rakeback into your poker account.

So what is the history of rakeback providers? Rakeback providers were initially started by small groups of professional poker players who were sick of the amount of rake they were generating for the on line poker companies, and getting no bonus in return for showing loyalty to a poker site. So they grouped together and used the power of numbers and the threat to withdraw from playing on a poker site unless they were adequately rewarded. Poker Rooms of course did not want to lose the high raking players so happily agreed to offer a percentage of rake generated paid back to the poker players.

Nowadays rakeback providers through the power of their many members can get the best rakeback deals available from a host of different poker rooms. Poker rooms are still happy as players will play more and generate more rake, while the players now are happy that the time and effort they have put into mastering the game of poker is not only rewarded by winnings alone but now winnings and rakeback.