In pokerspeak, “rakeback” comes from the source word “rake,” which refers to the sum of money charged by a on-line poker site from all real money players. The bottom line is, this represents the revenue that poker sites make from players who would like to enter the site and compete against the others. At any moment, the poker room gathers up roughly 5 percent of the pot money in rake.

Now what then is rakeback? It works to reimburse you of the rake you’ve paid out, saving you a good deal of “admin” costs in the process. So with Rakebackftw.com, you have a possibility of getting back a piece of the cash you have already paid as rake.

How does this work? You just log on to any rake rebates site and set up your poker site account in the website. The internet site then takes care of keeping tabs on the rake that you pay as you play on line poker. It then computes how much refund you are entitled to, taking into consideration the understanding that they have with the poker room. The rakeback arrives once ever calendar month, credited immediately to your account. It is said that every player with an account stands to save as much as thirty % of rake money on average.

But how specifically do you assess the amount of rake that you should pay, and the amount of refund you are entitled to, when most poker rooms only let you know you the total rake and not the players’ personal contributions? You may not see it, but the poker network maintains tabs on your personal rake money, and this is what Rakebackftw.com uses to estimate your reimbursement.