Rakeback FAQ
If you are new to our site or have any questions about rakeback it is highly suggested that you read our short FAQ!
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 Rakeback?
When you sign up with a poker room through Smart Rakeback, you will receive a refund for every $1.00 that you pay in rake fees. This refund is known as rakeback. No matter what limits you play, whether you are a professional or just play poker for fun, receiving rake back will greatly increase your win-rate, and allow you to make more money.
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 Smart Rakeback pays your rakeback, it is always a percentage of your Net Revenue. Sometimes this is also referred to as “MGR” or monthly gross revenue/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. Smart Rakeback then gives this payment from the poker room, in the form of rakeback, back to you, the poker player as a form of loyalty reward for your play.
How Can I Get Rakeback?
From the left hand side of any page, select the poker room(s) you are interested in receiving rakeback from and follow the simple sign up instructions. Within 5 minutes you can begin playing poker and earning rakeback!
How Often Are Stats Updated?
Almost all 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 Get Poker Bonuses And Rakeback Too?
Yes! You will still be able to receive bonuses offered by the poker room and any other promotions offered by the poker room or Smart Rakeback if you receive rakeback from Smart Rakeback. Bonuses are deducted from your Total Rake but Casino is not, but it is much better to receive both bonuses and rakeback than either by themselves.
When are Rake Back Payments Made?
Our rakeback payments are made anytime you want, on demand – except at a few poker sites where this is noted. Our players simply request a cashout anytime they want, even multiple times a day. The exception to this is rooms that autopay, in which case it is monthly or in the case of Aced and Merge rooms daily automatic payments. 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.
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 Smart Rakeback 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!
