Everest Poker Rakeback
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Everest Poker Rakeback - How Players Can Earn Bonuses
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One consideration when choosing a poker website is the incentives offered by a particular site. Poker sites offer considerable bonuses to players for their loyalty, many times in the form of cash. Thus, it pays to consider the incentives when choosing a Web site on which to play poker.
What is Rakeback?
Most poker sites are funded by a combination of entry fees for tournaments and a small cut from the winnings from every non-tournament hand. The percentage that the house keeps is generally known as the rake.
A rakeback is a program whereby the house, in turn, takes a percentage of the rake and awards it to preferred players as an incentive. Usually, the more hands a player has participated in, the larger his or her share of the rake will be.
Traditional brick-and-mortar casinos don't offer a rakeback because they don't have the technical means to track the contribution of every player to the rake. This makes it harder for live casinos to reward the loyalty of individual players.
No Official Rakeback at Everest Poker
Everest Poker and its affiliates don't advertise a rakeback program by that name. Nevertheless, it is possible to earn incentives from the house by receiving other bonuses and incentives. The following sections describe some of the bonuses and programs at Everest Poker that allow players to be rewarded by the site.
Stackable Bonuses
A great many bonuses are available at the site, and most of them are stackable. Players can bank as many of them as they want and can use all of them when ready.
VIP program
The VIP program awards points for playing. These points can then be converted into cash - as much as $5,000 per month.
To enroll, go to your account and click on VIP Summit Club, then check Agree, followed by Enroll.
The VIP program includes the following levels:
- Base Camp - Minimum 300 Summit Points to qualify. Multiplier of 3.5 on points collected as a member of Base Camp. Members can convert points to cash for up to $50. Base Camp members can receive $50 for recruiting a friend and are eligible for a $5,000 weekly freeroll.
- Camp I - Minimum 1,000 Summit Points in one month to qualify. Multiply additional points received by 3. Players can convert points for up to $100 in cash per month. Same fringe benefits as base camp: Recruit a friend for $50 and eligibility to play in a weekly $5,000 freeroll.
- Camp II - Minimum of 2,5000 summit points collected in one month to qualify. Additional points are multiplied by 5.0, for players who belong to Camp II. Players can convert points for up to $250 cash per month. Earn $50 by referring a friend. Play in a weekly $5,000 freeroll tournament. Live-chat during games, priority support and cut in the front of the line for customer service.
- Camp III - Minimum of 6,000 points to qualify. Points earned are multiplied by 6 for players belonging to Camp III. Players can convert points to cash for as much as $500 per month. Other bonuses are the same as Camp II: $100 to refer a friend and a weekly $5,000 freeroll. Live-chat during games, priority support and cut in the front of the line for customer service. Beginning at Camp III, players are eligible for invitation-only VIP events.
- Camp IV - Minimum of 15,000 points to qualify. Points earned are multiplied by 7.5 for Camp IV. Recruit a friend and receive a bonus of $200. Players can convert points to cash, for up to a maximum of $1,500 per month. Weekly $5,000 freeroll. Use points to pay the entry fee for a live tournament.
- The Death Zone - Minimum of 30,000 points to qualify. Multiply points earned by 8.5, for members of The Death Zone. Players can convert points to cash for up to $2,000 per month. Recruit a friend and receive a bonus of $200. Take part in weekly $5,000 freeroll tournament. Live-chat during games, get priority support and cut in the front of the line for customer service. Invitation-only VIP events. Use points to pay the entry fee for a live tournament.
- The Summit - Minimum of 50,000 points to qualify. Multiply points earned by 9.0 for members of The Summit. Players can convert points to cash for a maximum of $5,000 every month. Earn $200 for recruiting a friend and take part in a $5,000 weekly freeroll. Live-chat during games, priority support and cut in the front of the line for customer service. Invitation-only VIP events. Use points to pay the entry fee for a live tournament.
There's a calculator at Everest Poker to help players figure out how many points they can or will earn by playing.
Everest poker does not currently have a rakeback system in place. However, the VIP program at Everest Poker is very lucrative, so there are still some great incentives for playing at Everest.
