Online poker is one of the most popular gambling activities around at present due in no part to the televising of events such as celebrity poker and poker championships. When playing poker online, you may not be aware that the ‘house’ takes a cut from each post – normally around 5%. This is known as the ‘rake’ and it could be costing you thousands each year if you are a successful player.
The upside is that you can reclaim part of this rake in what is known as a ‘rakeback’. As the name suggests, the house takes a cut (a rake) of 5% and then you claim a portion of that back again in a rakeback. How is this done?
Rakebacks are offered by referring sites. If you sign up to an online poker room through UKBettingCentral, they receive a commission for the referral. UKBettingCentral then return part of that commission to you in the form of a rakeback. For example, a typical rakeback offer may be 30%. If you have lost US$300 in rakes during the month, you will be entitled to a rakeback of US$90.
The average offer is 30%, although there are offers as high as 50% depending on which poker rooms you sign up to. As an added bonus, anyone you refer to the rakeback program earns you a commission for the lifetime of their enrollment. Not only are you getting a rakeback on your play, you are getting a small rakeback on their play as well.
Whether you win or lose, getting a little cash at the end of the month in the form of a rakeback has to be a bonus. What does it cost you to join? Nothing, it’s free. In a way, if you are playing online poker, by signing up for a rakeback program you are signing up to receive some free money – you can’t argue with that. Rakebacks help to swing the odds back in your favour.

