If you still don’t have a rakeback account and you’re playing online poker then you’re missing out on some money. Rakeback has become huge the past couple years and basically everyone is playing with rakeback today. The only major poker room that doesn’t offer rakeback for their players is PokerStars, but that is because there in-house loyalty program is better then most rakeback deals on the market.

For those of you that don’t know rakeback is a percentage of your rake that you receive back from the poker room. Every time you play online poker you pay a rake or fee and this is how the poker rooms make money. With rakeback you can earn a piece of the rake back each month. Most online poker rooms will payout the rakeback on a monthly basis although there are some providers that offer weekly and daily payouts.

Rakeback can be calculated in two different ways and it’s important you find out which way your rakeback deal will be calculated before you start playing. When you’re playing in cash games your rakeback can be calculated using one of two methods. The first method for calculating rakeback is by dividing the amount of rake in the hand by the amount of players dealt cards. The other method for calculating the rakeback is by dividing the amount of rake in the hand by the amount of players that actually put money in the pot.

Most poker rooms use the dealt method which I find is the best because you’ll earn rakeback even if you don’t play in the hand. If you’re a tournament player then your rakeback is calculated by taking the fee and dividing it by the amount of rakeback you receive. With rakeback deals ranging from 25-30% on average the amount of money you can earn each month can really add up quickly if you play poker regularly.

If you’re trying to figure out how much money you can earn from ultimate bet rakeback you should also take into consideration any fees that the poker room charges. Some poker rooms have processing fees and bonus deductions which will be deducted from your rakeback every month. In most cases your rakeback money will be deposited into your poker account directly so that you can use the money to play poker with if you want.

Apart from being able to earn money each month with rakeback you’ll also be able to participate in other events. Most poker rooms and rakeback providers offer rake races and special rewards to entice players to play more. There is no doubt that rakeback is designed for the player and there is no reason why any online poker player wouldn’t have rakeback. You can earn rakeback will basically every poker room out there nowadays so you’re not limited in the choices you have.

Signing up for a rakeback account is completely free and it only takes a few minutes of your time. Once you’re signed up you just need to play poker and watch the money get deposited into your account. Even if you don’t play a lot of poker right now you should still sign-up for an account so that if you start playing more poker you’re already set to start earning rakeback.