Today’s poker tip is about money. As we all know, money is the life’s blood of online poker, live poker, and any other type of poker that people will come up with. Who knows, we may have pan-dimensional Texas Hold’em someday if anyone ever figures out that whole quantum physics thing. But the truth is that for a comprehensive poker strategy that goes beyond just what happens at the table with the cards, players (specifically online poker players) need to factor in the benefits of rakeback and cashback promotions.
First, we need to go into what cashback is. Poker is pretty much the one game at a casino that the house doesn’t have stake in the outcome. In a hand of live poker or internet hold’em, the casino really doesn’t care who wins. How they make their money from a poker game is by taking a little piece of every pot. This is referred to as the rake. A player who is building the best poker strategy for their bankroll will look for online poker rooms that give a piece of that rake back to the players, in other words a rakeback (or cashback).
When hunting for internet poker rooms, players should be aware that those who have cashback programs will potentially give back between 25% and 30% of the rake that a player has contributed to. Depending upon what levels you play at, this can be a significant amount of money. Some sites go over and above when giving a piece of the rake back to the player who put money into it. Doyles Room goes up to 33% and LuckyAcePoker.com’s VIP Rewards members can get an unheard of 37% back on the money they have added to the rake.
These are things to keep in mind when choosing what rooms to play in. Who gives you the most money back can be vital to the health of your bankroll.
That is the poker tip for today.
