f you play online poker then you will probably know what rake is. Quite simply, when you play poker in a ring game (cash game), the online poker room takes a fee of around 3% to 5% of every pot. This is known as "rake" and is how the online poker room makes their money.
Poker Bible Tip 1 - Pay No Rake (Well a maximum of 50%)
To encourage new players to join many online poker rooms have started offering rakeback to their players. Basically they are offering a partial refund of the rake that a player has paid them. This is great news for poker players as refunds such as these can add up to hundreds if not thousands of dollars a year.
How you can get 100% of your rake back
PayNoRake has blasted all of the competition out of the water by coming up with the best rakeback deal in online poker. All players are entitled to at least 50% rakeback and depending on how much rake they pay they can get 100% of it back.
Just to be clear, 50% rakeback is the largest rakeback percentage I have ever seen, and PayNoRake are offering the opportunity to get anywhere between 50% and 100% back. That is how good this deal is.
What makes this deal even better is that rakeback payments are made every day at midnight straight into your poker account. Many other rakeback deals make payments weekly or even monthly but at PayNoRake you get rewarded almost instantly.
How your rakeback is calculated
You'll receive a different percentage of rakeback every day as the calculations are made daily and are based on how much you've played. One day you may earn 60% and another day you may earn 75% rakeback. To see a table showing how the rakeback % is calculated click here to visit the PayNoRake website then select "My Rakeback".
PayNoRake has real-time rakeback data giving you access to a personalized Rake-O-Meter. This will enable you to see how close you are to reaching the next level of rakeback. This is useful information as you may only have to play a few more hands to receive a larger percentage of rakeback that day.
The PayNoRake Deposit Bonus
I always encourage people to take advantage of a deposit bonus as it is extra money that will make a huge difference to your overall profit. PayNoRake offers a 100% up to $500 deposit bonus to all new players. However, for the first time ever, I'm going to suggest that you turn down the deposit bonus. The reason for this is that you won't get your rakeback payments whilst you are earning your bonus. The rakeback is more valuable than the bonus so don't take the bonus!
If you primarily play tournaments then PayNoRake may not be the best online poker room for you as tournament fees do not count as rake. If this is the case I recommend you take a look at Tip 2 which will recommend the best online poker room for you.
* You get a minimum of 50% rakeback each day and can earn up to 100% of your rake back.
* Rake payments are made every day at midnight.
* Rakeback can only be earned by playing ring (cash) games.
* Rakeback will make you hundreds if not thousands of dollars each year.
* You will be able to see how much rakeback you have earned in real time using the Rake-O-Meter.