Rakeback FAQ
What is rakeback?
When your poker room takes money out of each pot they pay some of it to an affiliate. Affiliates came up with the idea that if they give their players a percentage of their affiliate earnings then they would be able to attract more customers. Rakeback affiliates, like rakeback101.ca, pay their players back the majority of what they earn and keep a small portion for profit.
When you sign up with a poker room through Rakeback101.ca, you will receive a refund for every dollar that you pay in rake.
What is a Rakeback Provider?
A rakeback provider is a company that advertises for a poker room or a group of poker rooms. Rakeback providers are paid a percentage of Total Rake for each one of their players. Rakeback101.ca then gives this payment from the poker room, in the form of rakeback, back to you, the poker player.
What is rake?
The 'rake' is the amount the poker room removes from each pot, as a fee, for hosting/offering the poker game. The amount taken from each pot varies by limits, but is generally anywhere from $1-$3 on average per hand.
What is "Total Rake" or "Net Revenue"?
Each poker room may have a different term for "Total Rake" or "Net Revenue", but it is essentially the total rake paid by you as calculated by the poker room. When Rakeback101.ca pays your rakeback, it is always a percentage of your Net Revenue.
How can I get rakeback through Rakeback101.ca?
The first step is creating an account with Rakeback101.ca. This carries absolutely no obligation and will allow you to view our members area as well. Once you have logged into your newly created account with Rakeback101.ca, from the left hand side of any page, select the poker room(s) you are interested in receiving rakeback from and follow the sign up instructions. Within 5 minutes you can begin playing poker and earning rakeback!
How often are my Rakeback stats updated on Rakeback101.ca?
Almost all of your rakeback stats are updated daily. If a site does not update daily there will be a note of this. There can sometimes be delays with the rakeback stats updating, but these delays are usually out of our control and are usually not more than a couple of days.
Can I Still Get Bonuses at a Poker Room if I Receive Rakeback?
Yes! You will still be able to receive bonuses offered by the poker room and any other promotions offered by the poker room or Rakeback101.ca if you receive rakeback from Rakeback101.ca. Bonuses are deducted from your Total Rake, but it is much better to receive both bonuses and rakeback than either by themselves.
When are Rake Back Payments Made to Me?
The payments are made once a month, generally during the second week, for the previous month's rake back that is currently due to you. For example, if you have accumulated $400 in rake back in December, this will be paid to you in January. Though we strive to make the rake back payments to you by the 15th of each month, certain poker rooms automatically make the rake back payment to your poker account. There are times when the rake back payment will be made even later than the 15th due to their poker rake back payment schedule.
Note: You must have a rake back balance of $20 or more from the previous month in order to receive your rake back payment. If you are owed less than that, it will be carried over to the following month and will paid once your total has reached $20.
What If I Still Have Other Questions
We suggest looking over the entire Rakeback101.ca site, particularly if you are new to rakeback or our site. We think it will not only answer your questions, but could possibly provide you with a deeper understanding of rakeback and the effect the rake has on poker. Our prompt customer service can answer almost all your questions as well.
Click here to contact us!