Understanding Party Poker Rakeback
Instead of offering more cash bonuses based on the amount of money you wager on the poker tables, online poker sites – and offline poker rooms – provide customers with rakebacks. What are rakebacks exactly and how can we benefit from this type of bonus offer? That is what we are going to find out in this article.
At Party Poker, for example, the site takes rakes depending on the size of the big blind and pot. If you are playing a $1/$2 poker game and the pot size is $40, Party Poker takes $2 in rake from the round.
Under the Party Poker rakeback offer, you earn 2 PartyPoints for every $1 of rake. Assuming you are playing against four players on the previous example, you will be earning 1 PartyPoints from the round; the total points are 4, divided by 4 players on the table.
You can later on trade the PartyPoints you have collected and earn cash rewards. Party Poker is simply giving back a portion of the rakes they are earning, hence the term “rakeback”. This is a good promotional offer to look into, especially if you play a lot of raked poker games at your favorite online poker site.