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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
Don’t Forget Your Rakeback
Tuesday, October 14th, 2008 by Phil
I wish that I knew everything that I am about to tell you when I first started playing poker. If you are thinking about opening an online poker account, or if you already have an account and you are not recieving rakeback payments, this entry is written just for you.
The online poker world is fueled by affiliates that advertise for each poker site. These affiliates receive a small commission for each player that signs up through their banners. In some cases they receive a percentage of the rake that each player pays while sitting at the table. One day, the affiliates realized that they could recruit more players if they offered to share some of their affiliate revenue that was attributed to each player, and the concept of rakeback was born.
As a player has hands dealt to them, their rake is tracked by the poker room. At the end of the month the affiliates are paid a commission and they will then pay their players a certain percentage of the rake that they paid that month.
So why do I wish so badly that I knew this when I started playing? It’s not just because I missed out on rakeback payments for all of those years. It’s because at the large rooms like Full Tilt where I already have an account, I will never be able to get rakeback.
Once you have created an account, you are not allowed to create a new one for yourself…ever. So people like me who didn’t know about rakeback before we created our accounts are never going to be able to receive rakeback payments.
In reality, I suppose that people do open new accounts anyway. Once you start to play a lot of hands you can be getting hundreds or even thousands of dollars in rakeback payments put into your poker
account every month. I can’t say that I blame people for trying to create new accounts so that they can sign up through a rakeback site. It is often worth their money to do so. Their accounts are usually closed within a few months, and the player’s funds are transferred back to their old account.
Not all of the major sites offer rakeback. For instance, Pokerstars does not allow affiliates to offer rakeback to their players.
If you want to learn more about how rakeback works, or you want to know where to go to for the best rakeback deals, head over to our new Rakeback Guide. You can find the best rakeback deals and you will only see the most reliable rakeback providers listed on there.
