Using Rakeback – Why Poker Players Choose This Way?
A main sphere of confusion for online poker players who receive rakeback or who are considering signing up for rakeback, is the effect that bonuses have on the quantity of rakeback that poker player will have. It is well known that different poker rooms have different policies, but almost all of them have something in common. It is bonuses that are calculated almost in the same manner and that poker players receive as the revenue. The rakeback is smaller in the comparison with the bonuses, but in combination with the bonuses, the rakeback is always higher that just bonuses or rakeback. This article will explain why a poker player wants to use rakeback and bonuses with the aim to increase their win rate and as the result their bankroll.
For understanding the effect of bonuses on the rakeback it is not obviously needed to know who the rakeback is calculated. But knowledge in how the rakeback is calculated will increase the player’s understanding of the rakeback and poker in general. If the reader understands that Monthly Gross Rake (MGR) is much the ‘revenue’ the poker rooms consider a poker player to have contributed in rake and realize that rakeback is a certain percentage from the MGR, then this article will have some sense to you. Usually the average percentage of the rakeback is about 35 per cent. In this article we will use this percentage.
The simplest method of calculating rakeback for a particular month is the following formula:
$ Rakeback payment = ($ MGR – $ Bonus) * % RB,
where ‘$ Bonus’ is the total amount of the bonus received from the poker room by a poker player,
‘% RB’ is the percentage of rakeback received by the poker player.
In the case the poker player receives $200 bonus from the poker room X, has the MGR of $1500 at the poker room and receives 35 per cent of rakeback, we can put these data into the formula and calculate the amount of the rakeback the poker player will get.
($1500 – $200) * 0.35 = $ 455.
After deduction the bonus from the MGR, the poker player’s net MGR is $1300 ($1500 – $200) and then player’s net MGR is increased for 35 per cent ($1300 * 0.35) to get the total amount of the rakeback. In the case the player did not use the advantages of the bonuses, the total amount of the rakeback would be $525. The used formula is the same: ($1500 – 0) * 0.35 = $525. So the player’s rakeback payment will be $70 more than in the case the player had get the bonus and rakeback. A player must never turn down a bonus due to rakeback and never turn down rakeback due to bonus.
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