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RakeBack
Articles
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Rakeback
Increases Poker Win Rate
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The amount of poker players that are
interested in rakeback has increased by such large amounts
over the last two years that there are now multiple poker
web sites and poker forums that are solely dedicated to
the subject of rakeback. With all of the information that
is available on the subject, it is surprising how many
poker players do not understand the fundamental theories
behind rakeback and the positive effects it will have on
their bankroll. Using examples of the winning, break-even,
and even the losing player, the purpose here is to show
that no matter what limits of poker one is playing online,
the effect rakeback will have on their bankroll will prove
to be positive.
The terms 'winning poker player', 'break-even poker
player', and 'losing poker player' need to be given some
sort of definition. For our purposes here, we will assume
that the winning poker player wins 2 big bets per hundred
hands ('big bets per hundred hands' will be denoted as
'bb/100 hands), the break-even poker player wins at 0
bb/100 hands, and the losing poker player wins at -1
bb/100 hands. As will become apparent, the actual limits
being played is not important for our purposes , but in
order for the explanation to be understood abstractly and
conceptually, a $3-$6 game is going to be used as an
example throughout the rest of the article. Using the
definition of a winning player from above, the $3-$6
player will win $12 (2 bb) every 100 hands. The L will win
-$6 every 100 hands. The bb/100 hands is not taking
rakeback into consideration.
The average $3/$6 10 handed game will have a pot that is
raked $2.00 (it is a little bit more, but for our purposes
here, $2.00 will be an easier number to work with). This
means that each player contributed $0.20 to the rake. The
player will receive 35% of that $2.00 back for a $0.07
refund. To clarify, the Monthly Gross Rake (MGR) is
calculated by dividing the amount of players dealt in the
hand, by the amount of total rake taken from the pot (10
players / $2 = $.020). To figure the rakeback monetary
amount received per hand, multiply rakeback percentage by
the MGR per hand ($0.35 * $0.20 = $0.07). Then multiply
the rakeback per hand by 100 to see how how much rakeback
will be earned per 100 hands ($.07 * 100 hands = $7.00).
With the $7.00 per 100 hands, the winning $3/$6 poker
player earns 150% of her winrate, the breakeven player now
shows a $7.00/per 100 hands win/rate and the losing player
will be slightly better than break-even (provided that he
doesn't lose more than $6 per hour). If a player plays two
tables at a time, they will be able to play approximately
150 hands an hour. This means that the winning player of
2bb/100 will win $28.50 on average for every hour she
plays. Rakeback will have made up $10.50 of her poker
winnings.
The above examples are using very specific definitions of
'winning' and 'losing' poker players and also only takes
$3-$6 limit hold-em into consideration. Using the above,
one can easily deduce how much rakeback they will earn
every 100 hands. Even players that are winning players at
lower limits will earn a decent percentage of a bb/100
hands even if they don't win at a rate of 2bb/100. A
losing poker player of more than 1bb/100 hands, will still
benefit from receiving rakeback at any limits.
As long as the formulas above are used, it will be close
to impossible to show that rakeback is not worth receiving
if there is any significant amount of hands played in a
month. Since poker players are always looking for an edge,
turning down an obviously large rebate that will be
received monthly (and sometimes daily) is a mistake that
will not take long to show itself.
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