Rake Back 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 PokerWallets, you will receive a refund for every $1.00 that you pay in rake. This refund is known as rakeback. No matter what limits you play, whether you are a professional or just play poker for fun, receiving rakeback 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 PokerWallets 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. PokerWallets 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 PokerWallets?
The first step is creating an account with PokerWallets. 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 PokerWallets, 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!
How often are my Rakeback stats updated on PokerWallets?
Almost all of your 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 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 PokerWallets if you receive rakeback from PokerWallets. Bonuses are often deducted from your Total Rake, but it is much better to receive both bonuses and rakeback than either by themselves.
When are Rake Back Payments Made to Me?
Most poker rooms pay rakeback automatically to your poker room account. Some pay weekly, twice a month or monthly. For poker rooms that do not pay rakeback the payment is made here under our Payments section at 12:01am CT on the 10th of every month for the previous month's play.
Note: If your payment is made here 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 PokerWallets 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!