Rakeback is very simple once you manage to get your head around a few key facts. We’ve tried to answer all your Rakeback questions, however if you can’t find the answers here please Contact Us or post a discussion on our Facebook Group.
Can I get a Rakeback deal at a poker room where I have an existing account?
Please use the re-tag request contact form
How much Rakeback can I get?
Each players rakeback depends on a number of factors; what limits you play, how many raked hands and the rakeback deal you choose.
Cake Poker Rakeback Example:
Limit: 200 NL (1/2) 6-max
Daily Hands: 500
After a full month, you could receive a payment of $668 in rakeback directly into your poker account, you can use our rakeback calculator to work out which of our top rakeback deals will give you the most rakeback based on your average play.
What does MGR mean?
MGR =Monthly Gross Revenue (effectively your rake)
Most online poker rooms use MGR- to determine the amount each player has paid in rake, and consequently how much rakeback each is entitled to.
How is MGR Calculated?
Most sites calculate MGR by dividing from each hand played, the total rake taken by the total number of players dealt into that hand. Add all those numbers up over a month’s play, and hey presto you have your MGR.
There are a few different ways that poker rooms calculate your rake and therefore your MGR such as Dealt and Contributed Method
What is the Dealt Rakeback Method
For example if there were 10 players dealt into a hand, including you and the rake taken out of that hand was $0.50 then 5 Cents would be added to your MGR, regardless as to whether you posted a blind or contributed at all. If you were involved in 1000 hands in a given month that went exactly the same way, then your MGR for that month would be 5 cents x 1000 hands or $50.
What is the Contributed Rakeback Method
A variation on this MGR calculation is to only divide the total rake taken in a hand by the number of players who actually contributed to that rake. Therefore if you were dealt cards, but decided to fold pre-flop, you will not be entitled to any of the rake taken out of that hand.
For example if the rake for a pot is $3 and there are six players, but only three players contributed, only they will get a portion of the rake. The $3 rake will be credited to the three players that stayed in the hand $1 per person.
What is the Weighted Contribution Rakeback Method
Similar to the contributed method, players must contribute to the pot to earn rake however the rake credit is weighted by the percentage of the pot each player contributed.
For example in a multi-way pot that had a $2 rake. If a player has only contributed 25 percent of the pot, you will only receive credit for 25 percent of the rake (50 Cents), or $0.50.
Each month, you will get a portion of your MGR back, based on the amount of rakeback percentage that specific to your offer.
Is Rakeback poker Legal?
Rakeback poker is completely legal and does not put your poker account at risk, we have legitimate agreements with all of our poker sites to provide you with the best rakeback poker deals available.
Do I still get a Sign Up Bonus with a Rakeback Poker Deal?
For most poker rooms you will still get your sign up bonus but as with any new poker account you should read through their terms and conditions and see if they subtract this bonus from your net rake the amount of rakeback you receive could be affected.
What is a rakeback affiliate?
A rakeback affiliate such as rakeback.co.uk is a site which displays rakeback deals from a number of online poker rooms. Rakeback.co.uk can offer the top rakeback deals because of our unique relationships with the each site – basically let us do the negotiations for you. In return we are paid a percent of the rake collected from poker players that sign up via us. Each month we pass on the vast majority of our cut from poker rooms to our players.
How Do I Sign Up?
If you can sign up to a poker room you can sign up to a rakeback deal. Start by reading our detailed instructions on how to set up a rakeback poker account. You can check your rakeback poker earnings daily through our secure rakeback tracker and you’ll receive your rakeback money on time every month by your chosen payment option.
Which sites allow player to player transfer to initially fund my rakeback account?