Definition of rakeback
When you play poker, whether it's tournaments or cash games, you will pay rake, which is a commission to your cardroom or entry fee for your tournaments. If you are a high roller and pay a lot of rake (commission), the cardroom may offer you "rakeback", which is a return of your paid fees. This practice is much more common in online poker than in live casino poker.
How is rakeback calculated?
The return on your commission fee will depend on your play volume and the poker room. Some rooms will return 15% of your fee paid per month and others may return up to 50% of your fee paid. The cash back will be given to you each month. Usually, it works in increments. For example, we could say that if you paid 100??? and less in commission, we will return 10%, if you paid 500??? and less, we will return 20% and if you paid 1000??? and more in commission in your month, we will return 35%. Please note that some rooms will have a cap on the commissions.
