It used to be that all online poker players sought out a new poker room by searching for the highest bonus amount on offer. Now days, rakeback has become one of the most beneficial promotions for serious online poker players, thus players are torn between large bonuses and the most profitable rakeback offers.
Simply seeking the highest combination of welcome bonus and rakeback percentage won't always turn out to be the best move either. Knowing which online poker rakeback deal is most profitable to your preferred style of poker player is an important factor as well. We'll talk more about that a little later.
There used to be a common problem with online poker rakeback, as players were inclined to enter a rakeback-awarding bonus code in the same text area that would normally hold the welcome bonus code. Many players chose the bonus over rakeback, figuring once they had cleared it they could just join a different online poker room.
Because of this, third party sites that offered online poker rakeback deals negotiated with their associated poker rooms and managed to find a way for players to take advantage of both the welcome bonus and rakeback offers. The same bonus codes used to apply rakeback often guarantee a large first deposit poker bonus.
Most online poker rooms will take a bonus deduction for the rakeback. This deduction is generally equal to the percentage the player receives in rakeback. For instance, a 30% rakeback deal would take 30% of the bonus from your calculated rakeback. So if you got a 100% up to $1,000 bonus, $300 would come out of your rakeback, and the other $700 would be paid as usual.
The idea is to earn more in rakeback than you do from the bonus from point collection. For example, if you earn 1 point for a hand that rakes $1, and need 10 points to clear $1 of the bonus, you need to be playing at tables that average a pot size of at least $20. However, the more opponents you are up against, the less rakeback you can expect to receive, so try for the smallest tables you can win at.
For example, in Dealt and Shared rakeback programs, playing heads up and averaging a $1 rake will result in a $0.50 shared rake. If you earn 30% rakeback, that's $0.15 per hand. Over a period of 10 hands, you would earn $1.50 in rakeback, and $1 in bonus money. So long as your rakeback is higher than your bonus, on a per hand(s) basis, you are coming out with a profit by accepting both the bonus and rakeback.
Now we mentioned above how choosing the right online poker rakeback deal will further increase your rakeback profits. There are three general online poker rakeback deals, Contributed, Shared and Dealt. We'll briefly describe who needs which in the sections below.
Contributed Rakeback This is best for a loose/aggressive poker player who sees a lot of flops and tends to contribute higher than the median amount of the pot (pot divided by contributing players). Players receive a equal portion of rakeback in relation to their pot/rake contribution.
Shared Rakeback A loose/aggressive player can earn a lot of rakeback profits from Shared rakeback. You must contribute to the pot, but the rake is divided evenly among all players, with rakeback paid according tot he median amount. Even if you contribute the minimum amount required, as most passive bettors do, by seeing a lot of flops you will still earn a decent rakeback amount.
Dealt Rakeback A tight poker players dream, Dealt rakeback is paid to players who are dealt cards in the hand, requiring no actual contribution to the pot. So long as the hand sees a flop, Dealt rakeback is paid. Tight players fold pre-flop 90% of the time or better, therefore can earn a lot from Dealt rakeback.
Getting Rakeback With Bonuses Take into consideration what type of poker player you are so that you can make the most of your bonuses with rakeback included. Seek out the right type of online poker rakeback program, with the highest bonus and best rakeback percentage combined.