Party Poker Rakeback

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Party Poker Rakeback - Earning Rewards Simply by Playing at Party Poker

When players frequent an online poker room, loyalty programs and special offers help players realize that their time spent at that site is valued and worth some perks. Rakeback is one of the most common perks that a poker room offers its players as a form of cash back for ongoing play. At Party Poker, there is not a standard rakeback percentage that is loaded back to players' accounts. Instead, the rakeback equivalents come through the automatic rewards program that players participate in for bonuses at Party Poker.

What Is Rakeback?

Rake is the house cut that is gathered from every cash game offered by the online poker room or casino as a courtesy fee for offering games to players and for offering space to play them. Standard ring games have house rake collected as a small percentage on pot totals from every hand played. The rake is collected from the pot total, so all players are contributing to the rake with their buy-ins or antes. From tournaments, the entry fees are equivalent to the house rake.

Rakeback is a practice of totaling the rake collected in a given time period (usually weekly) and returning a percentage of that total to the players who participated in play during that time period. Each player's total play time factors into a formula with the total rake so that the percentages of rakeback are divided based on the length of play that patrons invest at the poker room. Literally, the name comes from the fact that players receive some portion of rake back from the card room at regular intervals. Most online poker rooms offer rakeback percentages that total from 20% to 30% of a player's weekly earnings. For break-even players, rakeback is a huge bonus that can boost winnings into becoming positive earnings. It's a great way to offer a bonus or reward to loyal patrons at the card room.

Rewards Levels with Rakeback Equivalents

For Party Poker, the rakeback system is rolled into the overall loyalty VIP program that players participate in at the poker room. Since simplifying the reward program to be an automatic points accumulation for cash game play, players at Party Poker seem to find the rewards less confusing and more concrete. In this process, Party Poker offers key level VIP players the chance to earn larger rakebacks than other card rooms offer.

When a player at one of the rewards levels wants to redeem their Party points, a trip to the online Party Poker store occurs. The store has offers including the use of any automatically accumulated points to buy cash back (rakeback, essentially) or buying bonuses that have an even higher monetary value. The Party Poker system actually allows players to earn from 20% up to 40% in rakeback equivalent value on a points purchase by buying additional bonuses.

In essence, standard rakeback money gets put into a player's account so it can be used for further play. Likewise, at Party Poker, points-purchased bonus money goes into a player's account for further play. The major difference is that by using the bonus rakeback equivalents, Party Poker is offering players more money than they'd gain with a standard rakeback or cash back reward.

Party Poker likes to reward its players for their loyalty. Their VIP program is extensive and growing, with incredible prize packages as well as bonus points and money for poker play. Using the rakeback equivalent reward system allows Party Poker to offer even more value back to their players through bonus money awards rather than standard cash rakeback. For players who are looking for ways to keep expanding the money they earn at Party Poker, this is a reward that makes a difference.

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