Rakeback
betting
Pronunciation: RAYK-bak
Definition
A system where players get a portion of the house fee back. Common in online poker rooms.
Detailed Explanation
Rakeback is a player reward system where a percentage of the rake (house fee) paid by the player is returned to them. This incentivizes continued play and helps offset losses. The percentage typically ranges from 20% to 40% of the total rake paid. It's calculated based on the player's volume and loyalty level.
Usage Example
"The poker room offers 30% rakeback to VIP players."
Philippine Context
Many Filipino online poker players seek sites with good rakeback deals, especially those accepting GCash or PayMaya deposits.
