Many online poker players are drawn to a poker rakeback deal because of the numbers: They figure the higher the rakeback percentage the better the deal, but this is not always the case. In this article I will list five hazards online poker players need to be aware of before they sign up for what they think is the best poker rakeback deal.
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#1 – Does the Online Poker Site Have A Strong Player Base?
The best rakeback deals typically come from the smaller online poker sites, since it’s one of the few ways a new online poker room can compete with the big boys like Full Tilt or Pokerstars. With that in mind, there is a simple truth in poker; most poker players lose. Taking this one step further you can see that the more players a site has; the more losing players a site has. Additionally, a group known as “bonus whores”, low limit grinders, who play a very tight game, tend to follow the money, and sign up at online hold’em sites with good rakeback deals and hold’em deposit bonuses: This floods these smaller online poker sites with an abundance of low limit grinders who are not the most profitable opponents to play against.
#2 – How Many Tables Can You Play?
Players receiving poker rakeback know that they earn more money if they play more hands: And there are two ways to go about doing this, either play longer or play at more tables. One of the best ways to increase your poker rakeback totals is to multi-table. If you can earn an extra $5/hour through your poker rakeback deal playing 1-table, than you can earn $10 playing two, $20 playing four tables, and $80 playing 16 tables!
However, some online hold’em sites do not allow players to multi-table, or have a cap on the maximum number of tables you can play simultaneously -At some sites this number is four, at others it’s 24-so you need to do a little research if you plan on multi-tabling to increase your rakeback.
#3 – Will you Gain Entry to Freeroll Tournaments and Rake-races?
When you sign up through a rakeback site your poker affiliate likely offers freeroll tournaments and rake-races that can further add to your online hold’em bankroll. Unlike freerolls offered by the poker sites with prize-pools of a couple hundred dollars, freeroll tournaments from poker affiliates typically have prize-pools in the thousands of dollars.
Additionally, poker rake-races can be a gold mine for high volume rakeback players. Rake-races offer progressive payouts for the affiliate’s high volume rakeback hold’em players, that can be worth thousands every month.
#4 – Are Freerolls, Bonuses, And Deposits Deducted From Your Rakeback Total?
Certain online hold’em sites make deductions from your poker rakeback total if you redeem poker points in their store, enter a freeroll tournament with your poker points, or participate in a tournament with an overlay. Additionally some sites make rakeback deductions if there is a processing fee on your deposit or withdrawal. Finally, most, if not all, poker sites deduct any bonus amount you clear from your poker rakeback total as well.
#5 – Are There Convenient Withdrawal and Deposit Options?
This is a primary issue for US players who are extremely limited in their deposit and cashout options to begin with: You have to be certain that you can get your money into, and out of, the online poker site with relative ease, and also with minimal fees involved. Even the best poker rake deals are worthless if you can’t get your money into the site, or if it costs you $25, or $50, in fees!