A poker rakeback deal is an agreement in which the house makes money off of the final pot of a poker match. There are a number of different variations of this deal that can be used at online casinos. The basic premise behind these types of deals is that you will make money when you bet, but you lose money when you fold. There are many reasons that someone would want to arrange such a deal, and this article will discuss a few of the most popular ones.
If you are playing poker at a site with a high level of play, chances are that you will start out on the losing end of a few games. Perhaps you suffered a financial loss from a previous hand, or maybe the new hand you have been dealt is a weak one. No matter what the cause, the more consistent you are at winning, the more money you will eventually make in poker. This applies whether you play at a top level of play or on an amateur level. Eventually you will go up against better players and win more than you ever did before.
Why would somebody want to arrange a rakeback deal?
Many times you will see these types of arrangements made between players where the house makes money off of the final pot when the last person has been dealt a flush or straight. There is some validity to the idea that the house needs to stay in business because paying out money is a key source of income. That being said, many people are willing to part with their money to keep the house in business. In most cases they will have no problems with paying out in the event of a loss on a flush or straight, but will not be willing to do so if they feel they have made an early run and are getting blustery.
So what is a rakeback deal?
It is a deal in which you arrange to get yourself “low balled”. The way this works is that you will ante up before the flop if you think you have enough money to cover your pot (the initial raise). If you ante up before the flop, then the pot size becomes smaller and your opponents will likely fold if they expect to lose the pot to you. That’s two raises for less than you would have owed if you had played tight, and all because you were a little bit early.
Does all of this make sense to you?
Well, it does to most people, especially if they play online and don’t spend much time in the actual brick and mortar casinos. But for most of us, we know what a poker rakeback deal is and what it means. After all, if we go in with the idea that we are going to get ourselves “low balled” and we think we have a good chance of winning that way, then we are more likely to put our money into the pot rather than holding out for a big payoff when we might not have a good hand.
Why should you play poker online?
The poker rakeback deal is just one of many different types of poker strategies that you can use. But remember, there is no guarantee that you will always win. But by using good strategy, you will increase your chances of winning sometimes, which is why so many people are now calling poker an investment opportunity.