Before understanding the Rakeback bonus, it’s essential to know about how rake works. In poker, the rake is the fee charged by the site for playing games. During a game, the house takes a small portion of each bet, usually between 5% and 10%, which adds to the site’s revenue.
A Rakeback bonus refers to the percentage of the fees paid to the poker site that is returned to the player, including the rake and other house fees from cash games or tournaments. Poker rooms offer Rakeback bonuses to loyal, high-volume players. Eligibility varies with rates up to 75% for high stakes, while the average offer is 20-40%.
You must meet a minimum requirement when playing poker to receive your Rakeback bonus. This amount depends on the rake generated in your game, with higher limits resulting in more rakeback.
Many online poker networks, such as PartyPoker, have implemented a progressive Rakeback system. This means you’ll earn a bigger percentage once your VIP level increases, allowing you to climb the ladder and receive a bigger weekly Rakeback.