What are Casino Rake backs?

Rakeback is the kind of bonus that is being offered at all the online casino sites and quite in the news these days. In some games such as blackjack or roulette the odds are given in the favor of house, this winning goes to casinos and this way they make money.

Rakeback is the money which is free paid to your account of poker that is being provided from the percentage saved from the paid rake in each pot. Recently it has come to news that providing 20 to 40% of rakeback to the players is the best ways to encourage them to play further and not feel cynical. Majorly rake back deals are directed by the poker room affiliates and dedicated rakeback sites.

The best thing about Rakeback is that more you play more will be the amount of your Rakeback. The amount of the Rakeback depends on the amount of money player throws in the rake. To calculate the Rakeback amount, total rake for the hand is taken and is divided by the number of players who are playing.

For example if the total rake is $3, and 10 players are playing that game than the rake each player added is $.30 and upon this $.30 each player will get the percentage whatever the site chooses as Rakeback and suppose if you get 30% Rakeback then your Rakeback amount would be $.09. Each online casino site provides different percentage of Rakeback and generally is vary between 27% – 40% though there are few that fall out.

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