Tournament Poker Rakeback
Tournament poker rakeback is one of the easiest ways to generate rakeback. It's also the easiest rakeback to calculate since you know exactly what you're putting into it before you even register for a tournament. Calculating tournament rakeback is a simple matter of taking your rakeback percentage earned and dividing it by the tournament's associated fee. The fee is the smaller amount attached to the buy-in. For example, a $50+$5 tournament has a $50 buy-in and a $5 fee. If you're earning 30% poker rakeback, you would get 30% of the $5 fee for a total of $1.50 in tournament rakeback.
Best Tournament Poker Rakeback Sites
Tournament rakeback is paid on any type of tournament where a fee is paid to enter. Whether it be a multi-table tournament with thousands of entrants or a single-table sit and go with nine participants.
Sit and Go Rakeback
Sit and Go rakeback is often preferred by most online poker rakeback earners. The simple reason is the speed at which you earn this tournament rakeback. Consider that you could enter a 5,000 seat MTT for $10+$1 and spend the entire day shooting for the prize pool, while guaranteeing about $0.30 in tournament rakeback; or you could enter a single table SNG at $10+$1, guaranteeing the same amount of tournament rakeback but only having to outlast about 5 or 6 players to finish in the prize pool.
Heads-Up Poker Rakeback
Playing heads-up poker for rakeback is another great way to expedite those rakeback dollars. If you're ever compared the typical viewed-flop percentage at a full ring game versus a heads-up table, you know that the VF% is much higher when only two players are involved. This is because no matter how unappealing your starting hand looks, there's always a 50/50 chance it's still better than the hand of the other guy.
A real-money poker hand that goes on to see a flop will be raked, and a raked hand means rakeback will be paid. Add to this a decent poker strategy against a single opponent, and you've got quite the profit potential in your sights!
Bonuses and Rakeback
There are a number of online poker rooms awarding bonuses with absolutely no effect on your rakeback earnings. The majority, however, will deduct your bonus from your generated rake before calculating rakeback. This should be taken into account when claiming bonus offers, but know this - it is always worth claiming the bonus, because once cleared, you have earned the bonus and will still collect poker rakeback. It's generally better to get both than just one.
To better explain how bonuses can affect your rakeback, we will use an example of a $50 bonus and a 30% poker rakeback deal. Rakeback is when a poker room gives you a rebate on the profit you generate for them.
Let's say you generate $150 in rake, and clear $50 of a bonus all in the same month. First, your bonus is deducted from your total rake generation; $150 - $50 = $100. Now your rakeback is calculated from the remaining $100 you generated in rake; $100 / 30% = $30. You still get $30 in poker rakeback, combined with your $50 bonus for an $80 profit.
Now let's remove the bonus and see what you would have earned in rakeback alone. Without deducting a bonus, 30% of $150 is $45. That's $45 in rakeback, compared to $80 in bonus + rakeback, even with the bonus deducted from rake generation.
End result - take the rakeback, take the bonus, reap the rewards!