Rakeback FAQ
What is rake?
The rake is what a poker room takes out of each pot in order to make money. Typically the rake ranges from $.05 to $3.
What is rakeback?
Rakeback is the part of the rake that you get back either directly from a poker room or from a poker affiliate (i.e. RakeVIP.com). With rakeback you are essentially being rewarded for being a loyal player and you get a certain percentage of the rake you have paid back each month. If you are a serious online poker player you probably pay hundreds or perhaps thousands of dollars in rake each month. Signing up for a rakeback deal here at RakeVIP.com would save you about a third of that money!
What is MGR?
MGR stands for Monthly Gross Revenue. This is the number your rakeback is based on. MGR is your share of the rake generated in pots you play minus any deductions the poker rooms take out. Deductions might include bonuses, deposit fees, store purchases or other in house promotions. Some poker rooms deduct all of those items as fees while others do not deduct any. It is always best to make sure what is deducted from your MGR at the poker room of your choice to make sure you are maximizing your rakeback potential.
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 RakeVIP pays your rakeback, it is always a percentage of your Net Revenue.
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. RakeVIP then gives this payment from the poker room, in the form of rakeback, back to you, the poker player.
How can I get rakeback through RakeVIP?
The first step is creating an account with RakeVIP. 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 RakeVIP, 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!
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 RakeVIP if you receive rakeback from RakeVIP. Most online poker rooms deduct bonuses from your MGR but there are some that do not. This makes those rooms even more attractive to rakeback players. Even if bonuses are deducted it is much better to receive both bonuses and rakeback than either by themselves.
What does “Bonuses Deducted” Mean?
Most poker rooms deduct a cleared bonus from your MGR. This means if you cleared a $200 bonus while generating $400 in rake you would only receive rake back from $200 because the other $200 was deducted from your MGR. If you were receiving 30% rakeback this would mean you would only receive $60 in rakeback instead of $120. Some poker rooms do not deduct any bonuses. This includes poker rooms on Boss Media as well as Cryptologic. If you were playing at those poker rooms you would receive $120 in rakeback in the same scenario.
