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Caesars Building Partnerships with Global Gaming Brands
This week Caesars Interactive Entertainment (CIE) announced that they extended two existing partnerships. CIE has been working on building the World Series of Poker brand online this year in regulated markets. The new partnerships will ensure that the WSOP brand is further marketed online in regulated markets.
Caesars Extends 888 Partnership
888 Poker has been proving software to the current WSOP online poker room. The WSOP online poker room isn’t available in the United States yet. The new partnership will … Read the rest
Barry Denson Plans to Set New Record for Playing Poker for the Longest
Barry Denson, a poker player from the UK, has announced that he plans to set a new record for playing poker for the longest. On the 1st of July, he will play at G Casino, Manchester. The game will go on for five days. Most of Denson’s activity at the felt has been in live poker league tournaments.
Help for Heroes, a charitable organization that assists injured people in the armed forces, will benefit from the money made during the … Read the rest
Card Rush Promotion Running at PartyPoker
PartyPoker is running an attractive promotion called Card Rush in February. It will start on the 1st and continue for the rest of the month. Real money players of the site will have an exclusive opportunity to win prizes and freeroll entries through the promotion.
Card Rush promotion operates in a simple manner. Every time a player earns 15 Party Points, the poker site rewards him with a Card Rush ticket. On scratching the card, prizes are revealed. Every card … Read the rest
Contributed Rake Method
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.
