Introduction to Rakeback
November 27, 2008
I just want to say thanks to the staff of Community Gaming News for bringing the wonderful world of poker rakeback to my attention. Up until this week I have been giving my hard earned poker money back to Full Tilt Poker, that is until I learned what rakeback is all about.
I joined Cake Poker Rakeback from the Community Gaming News website and started getting 33% of my rake back right away and to make things even better Cake is full of fish and I started to get in the money much more often.
For those of you out there that do not know what rakeback is here is the explanation given by Community Gaming News:
“Rakeback deals are based on the amount of monthly gross revenue (MGR) that you generate for a particular poker room. The amount of monthly rake you bring in will determine how much monthly revenue you create for the poker room.”
You can also watch the video on the home page of Community Gaming News that explains how it all works here: http://www.communitygamingnews.com
I have also adapted a new way of playing that works so well with rakeback that I don’t even have to win to see a profit. It is very easy to do also, Simply put: play tight - that’s the key to making money with rakeback programs, the closest to a sure thing you’ll get at the felt.
If you go to http://poker-lessons.net you can even open a window that shows you what hands to play based on your position. I took this easy to follow course and even tightened it up some and now I am making the most I ever have at the tables.
Understand, you won’t make a killing making all your poker money from the rakeback but with your new playing style gives you increased odds of winning when you do play a hand and with the added rakeback money you will be very pleased.
Best of luck to everyone trying this method, I know it worked for me and I am sure with some discipline it will work for you too.
Michael Johnston
Canadian Casino News November 22, 2008
November 22, 2008
B.C.’s casino operators choose to play it safe in a risky economy
If Las Vegas is any kind of barometer, B.C. gambling operators should brace themselves for slower growth.
The U.S. recession has cut visitation to Sin City by an estimated 15 to 20 per cent and the fire sales are on. Rooms at the ultra-luxurious Bellagio — normally $300 and up — have been slashed to $149.
Harrah’s recently scrapped plans to build a $500-million resort in Kansas and casino operator Las Vegas Sands Corp. avoided bankruptcy this month with a share offering that raised $2.1 billion in badly needed capital. Read more
Poker News November 21st, 2008
November 22, 2008
Gambling in Great Falls
The drive down 10th Avenue South in Great Falls looked a lot different twenty-five years ago. Casinos started to spring up in the mid-80s and now you’ll find ten of them on the main drag alone. So what effect does the gaming industry have on our community nearly 25 years after the Video Poker Machine Act was passed? Jane Yonkin says she had a hidden addiction that consumed her life for fifteen years. “It was horrible, suicide was there…it was one of the options because I let my life go so badly…I didn’t feel I had anywhere to turn,” she said. The darkest hours of life were spent in front of the flashing lights of an electronic gaming machine. “Almost from my very first time, there was a problem. I lost like only a dollar, but I wanted to win it back like me versus the machine.”
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Card Player Player of the Year Update
A handful of players made progress on the Card Player Player of the Year leader board during the past two weeks, but two of them made moves near the top 10, as Michael Binger and Dario Minieri added to their point totals. Binger won the third poker tournament of his career when he beat 131 opponents to win the title at the World Series of Poker Circuit stop at Harvey’s Lake Tahoe. For his victory in the $5,000 no-limit hold’em main event, he took home $181,379 and 624 points. This took his point total up to 4,416 and put him in sixth place, ahead of David Benyamine. Read more
Understanding RakeBack
November 15, 2008
Understanding RakeBack
Posted on October 31st, 2008. Filed Under Rakeback (Edit Post)
Winning with RakeBack While keeping your Bankroll Even
Rakeback offers provide online poker players the opportunity to receive a percentage of the rake they contribute to each pot back at the end of every month. These rakeback offers vary by online poker room, but they all have one thing in common. You don’t have win in order to make money while playing your online poker rake back account.
Yes, this is the truth. Online poker players are playing every day with the objective of winning money at online poker tournaments and ring games without understanding the fact that by just playing you are generating money for yourself via the rakeback offer you have signed up for.
Rakeback is as simple as this: Your Rake Back = Monthly Gross Revenue X Rakeback %
Now we need a couple definitions.
1. What is rake and how is rake calculated:
The rake is the fee that every online poker player pays to the “house” or in this case the online poker room for playing in a hand at their online poker room. This fee is different from poker room to poker room. The rake is calculated in one of two ways, the dealt method and the contributed method. The dealt method is calculated by totaling up all of the rake in a hand and then dividing that amount between all players who were dealt cards in the hand. The contributed method is calculated based on the total amount each player pays into the pot. The dealt method gives an edge to those players who play fixed limit games. While the contributed method can add up to greater rake for No Limit poker players and thus earning greater rakeback.
2. What is Monthly Gross Revenue (MGR)
Monthly Gross Revenue is the total amount of rake you generate while playing at the online poker room. This amount includes all rake contributed while playing ring games as well as tournament entry fees. Some online poker rooms do not pay rakeback on tournament entry fees so you should check with the poker room before signing up. So now that we have these rakeback definitions down, we can calculate how much theoretical rakeback you can earn in a month. A player who generates $1000 in MGR over the month and is signed up to a 40% rakeback deal now will receive $400 in rakeback at the end of the month.
$1000 X 40% = $400 to your pocket.
Now this $400 is going to be paid to you wether or not you win $5,000 or lose $100 playing online poker. The rakeback is always going to be there and is only dependant upon how much you play, not how much you win. Now let’s take a look at yet an other example of how rakeback can make you a profitable online poker player.
Like all poker players you are going to go through hard times and find it difficult to even just break even. In our above example, you don’t even have to break even at the table in order to still earn a profit. As long as you generate the $1,000 in monthly gross revenue, you now have a $400 cushion to work with. So even if you happen to end the month down $200, you are still going to end the month up $200 after you receive your rakeback payment.
As you can now see, if you didn’t before, the importance of playing online poker with a rakeback deal in place for yourself. You can find many rakeback offers at Treasure Hunter Poker by visiting any of our rakeback pages.
Don’t throw your money into the muck with your cards any more. Start making money while your are making money at the online poker table today.
Poker News November 15th, 2008
November 15, 2008
Winner of 623.000 Euro at Grand Final of Master Classics of Poker
Jan Sorensen Wins Grand Final at Master Classics of Poker
Jan Sorensen won the grand final of the main event at the Master Classics of Poker in Holland Casino Amsterdam. He won 623.000 euro. In the exciting final Gustav Ekerot came in second. The Master Classics of Poker is one of the biggest and best-known international poker tournaments in Europe.
Link NewsCom Photo: Read more
Online Poker News and Rakebacks
November 11, 2008
Poker Sites Block Balance of US States
Online poker rooms Poker Host and Eurolinx had already established that residents of certain states from the USA would not be allowed to play on their sites in keeping with local laws on poker’s legality, and now have made the announcement that all of the US is banned from play on their sites. It is believed that this action as taken in response to the actions of the Governor of one of those states, Kentucky, who sought to gain ownership of poker room domain names in an effort to shut them down.
Overlay Poker Tournaments: Gaining buy-in Advantage in a Guaranteed Tournament - CelebPoker.com
Poker players don’t get this opportunity often, but sometimes a poker player can make a financial advantage just by registrating for a Multi Table Poker Tournament
How is this possible? The answer is within the overlays given by guaranteed prizepools offered for some guaranteed poker tournaments
An example: On Sunday the 02/11/2008 the 250.000 Guaranteed Tournament at CelebPoker had a 320 Buy-In. 613 players registered for this tournament. Now the calculation fun begins!
First a player has to divide the offered Prizemoney with the number of players who registered. In this example: 250,000 / 613 players = 407.
This means that a players ticket is worth than 407. As your ticket costs 320, you are automatically gaining the equivilent of an extra 87 to pay for your entry (407-320 = 87). Ok, players don’t get the cash in the bank, but poker players do get it as an advantage for the buy-in as a player have less players to compete for the prizepool with.
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More students betting future at online casinos
Addiction comes in many forms, and while alcohol and drugs get most of the attention, university and college students are not immune to one of the fastest growing and expensive vices– gambling.
According to the Responsible Gambling Council’s Poker Poll and 2005 Prevalence Study, 6.9 per cent of young adults in Ontario have a moderate to severe gambling problem.
Online poker playing by young adults has grown by nearly 300 per cent, and 16 per cent of Ontarians between the ages of 18 and 34 believe that online poker is a good way to earn extra money.
Amanda Stokes, project co-ordinator for Know the Score, the Responsible Gambling Council’s travelling gambling awareness exhibit, said her organization’s goal is to educate students about the risks of gambling.
Read More?
Poker News November 11th, 2008
November 11, 2008
World Series of Poker has youngest champ ever
A 22-year-old Danish poker professional won the World Series of Poker early Tuesday, turning a wheel straight on the last hand to become the youngest champion in the history of the no-limit Texas Hold ‘em main event.
Peter Eastgate hit an ace-to-five straight on the turn and instantly called an all-in bet from Ivan Demidov on the river to win the title and $9,152,416. Demidov held two pair, twos and fours.
The previous youngest champion was 11-time gold bracelet winner Phil Hellmuth, who was 24 when he won the tournament in 1989.
“It feels good to beat Phil’s record,” Eastgate said after taking pictures with stacks of $100 bills and his new gold bracelet. “I was not focused on the record that I could break, I was just focused on the game.”
Eastgate said he got a call from Hellmuth wishing him luck before the more than three-hour session.
Poker rakeback | What Are You Waiting For?
November 10, 2008
What is Rakeback and Why is it So Important For Poker Players?
Rakeback is a term that refers to a refund on the rake that you pay when you are playing at a poker table. For any online poker site that you visit, the house takes a portion of every pot that you play. This portion is referred to as a rake and it is what the house does in lieu of actually being involved in the game the way they would be in casino poker. The rake is something you can not get away from as it basically represents the fee taken from the players by the house because the house puts on the game, hosts the accounts and invests their money into the creation of a poker website.
The rakeback is not always going to be equivalent to the rake that you give to the house and in fact in most cases will be quite a bit less than the rake that you give to the house. A typical rakeback would be in the 15% to 20% range, while a really good rakeback would be in the 35% range. However, if you become a prop player for a website that needs to have players in seats to get games going, you will find that the rakeback you receive is quite a bit higher and in fact can go to levels of 120% from websites that are grateful for your presence and your help. However, all of the larger and more established websites do not need prop players and that is why the typical rake back range mentioned above exists.
The rakeback is important to poker players for a very obvious reason. That reason, simply put, is that a rakeback gives them back some of the money they contributed to the house. If you are a break-even poker player, you would be a winning poker player if you got some of your rake back. If you are a losing poker player, you might have a chance at becoming a break-even poker player if you get some of your rake back. And of course if you are a winning poker-player, having some of your rake returned to you would increase your winnings and maybe allow you to reach some personal goals in the field of poker quite a bit sooner. All three of these scenarios regularly materialize under rakeback deals and that is why those rakeback deals are as important as they currently are.
One thing that is worth mentioning about rakeback however is that it is by no means easy to get. Most of the time it is not regularly advertised on the poker site and for that reason most of the time you will be forced to go through an affiliate in order to get it. Don’t let it discourage you however, since these websites are quite helpful and the rakeback you receive at the end will be just as valid.
If you are looking for the best rakeback deals for online poker look no further, go to rakeback.communitygamingnews.com for the best rakeback and bonus deals for internet poker.
