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Poker Tournaments for You This Week
There is never a dull moment in a poker player’s life. Obviously, the main reason for that is the constant existence of poker tournaments and poker events that one can participate in. These events are not just for making money, but also to have some fun and get better at the game in the process. Several live poker tourneys are lined up for this week and the coming weeks. Here is a note on some of the tournaments you can … Read the rest
2012 PokerStars Macau Poker Championships Announced
PokerStars is one online poker room that never takes a break from hosting tournaments. The poker room recently released details about its upcoming event, the PokerStars Macau Live Tournaments. The Macau tournaments hosted by PokerStars is one of the biggest and richest poker events held in Asia. It includes 4 major poker series – Macau Poker Cup (MPC) Red Dragon, Asia Championship of Poker, Macau Poker Cup Championship or MPCC and the yearly Asia Pacific Poker Tour event at Macau. … Read the rest
The $30,000 Winner Wednesday Dozen Unveiled
Winner Poker has partnered with pokernews.com to bring a new promotion to its new members. The online poker room announced its new promotion called Winner’s Wednesday Dozen Freerolls, which literally lets you win free money. The new promotion is open to all the new players who register with Winner Poker and make a deposit. The promo will run for three months, and all you need to do is play poker and earn as many Winner Points as you can. Here … Read the rest
Contributed Rake Method
Wednesday, November 26th, 2008 by Phil
The Contributed Rake Method
Hey guys, as we all know Rake is the method that online poker rooms use for to earn money. Rather than have you play poker against the House, which would by no means guarantee the House a profit, online poker rooms let players fight it out amongst each other. The House simply takes out a percentage of the pot, no matter what happens. The amount is usually five or 10 percent, never more than three or four dollars.
How Does Rakeback Work?
Rakeback is a way for players to get some of that rake money back and increase their win rate. Players sign up with a new site through rakeback affiliates offering a certain percentage of rakeback. Thereafter, the affiliate calculates a player’s rake, applying the designated percentage. The appropriate amount goes in the player’s account at the end of the month.
How Does the Contributed Method for Calculating Rakeback Work?
Since each player does not contribute the full amount of the rake, the site has to figure out a way to determine the player’s contribution. One way to do that is through the contributed rake method. The contributed rake method, used by Absolute Poker and Carbon Poker for example, bases your rake on how much you put into the pot. For example, let’s say you play a $60 pot and $3 of that is taken out in rake. The round is four-handed and you put $15 into that pot. Since you put in 25 percent of the pot, you receive 25 percent credit in the form of the rake, in this case, 75 cents. Take note that this is true regardless of whether you win the pot. The rake money is never truly in the pot. Everyone really puts in some money aside for the House whenever they make a bet.
How Does the Contributed Method Benefit You?
If you are a loose player who likes to play a lot of pots, you’re paying a lot of rake and therefore can earn a lot of rake back. Players who play tight and wait for hands won’t get credit with as much rake and won’t benefit from the contributed rake method. Hope everyone finds this useful and helpful and you will hear from me soon.
