Originally Posted by
arnaldo8802
In addition to my many other various and sundry duties with WDIAV, I manage rakeback for many of our players. We get a lot of interest about that and a lot of players don't understand how powerful a tool it is for increasing their personal income.
Rakeback is really a very simple concept. Since the poker room you belong to (Full Tilt Poker, Absolute Poker, Ultimate Bet, and Cake Poker to name a few) takes a percentage of all your action at the tables, be it a cash game or tournament play, to encourage you to stay with them and not move elsewhere, they'll pay a percentage of what they take back to you each month. Typically, that percentage they'll pay back can range from a pidling 10-15% to a more generous 27-33% depending on the poker room and the rakeback program you enter (many poker room have several different rakeback options available so read the TOC carefully).
Look at it from the Poker Room's point of view. The "up front" costs of starting a poker room can be pretty steep (software, website developement, hiring qualified people to manage it, etc.) but after that, it's not that expensive to maintain. The costs of running a poker room online are a lot less than the cost of running a "live" poker room in a casino. So the online poker room has more profit margin available to pay back to the poker players to entice them to play more on their site.
In addition, competition has definitely raised it's ugly head in the online poker industry. If you don't feel welcome at a poker room or think you can get a better deal in another poker room, it's only a few "mouse click's" away. It's not like Las Vegas where you have to hire a cab and drive for miles to another room.
"Ok"...you say...."I want rakeback!". So you go to your favorite poker room and send an email to support and say just that. Their response to you is..."Rakeback? WHAT the heck is THAT?". Now what do you do???
The way it works is this. The poker room makes agreements with various other affiliates, such as WDIAV where the affiliate signs up players on their own and the players are "attached" to that affiliate. The poker room pays the rakeback to the affiliate shortly after the end of the rakeback month (usually by the 15th of the next month) and the affiliate in turn pays the player their rakeback to their account. You can see the different poker rooms and the rakeback deals available for We Do It All Vegas by clicking HERE.
But here's where it gets kinda interesting.
Say you've already signed up with a poker room by going to that poker room site and just signing up without getting rakeback. You're happy with that room and enjoy playing there but gee.....you REALLY would like to get rakeback. Often times (but NOT always) WDIAV through their affiliate program can request that player be moved over to our rakeback affiliate account so the player gets rakeback. Some players will sign up with a second account to get rakeback, but the poker rooms don't like that and frankly, it's a violation of your terms of play with them so we strongly discourage that.
Not only can you get rakeback on your own play, but many poker rooms allow their affiliates to let players become "agents" of that poker room. As an agent getting rakeback on their own play, they can recruit other players and get an "override" commission from the affiliate on the play of ANY player they recruit.
WDIAV makes this easy for our rakeback players in that we can create special "tracking codes" or "trackers" where you as an agent can send an email to a player you know who wants rakeback with your personal tracking code (which is a HTML link) included in the email. The player you send the "tracker" to, merely clicks on it and it takes him to the poker room download site and when he downloads and installs the poker room software, it automatically "tracks" the player back to the agent, and the WDIAV affiliate program. So you automatically get the commission for that player's play, typically 4%!
It gets even better!
If you have a web site or a blog, you can post "Banners" we can provide to you for various poker rooms that include your own tracking code embedded in it. Anyone who visits your site or blog and who sees your banner for a poker room they're interested in, can click on it and it takes them to that poker room's download page for their software.
Again, you get the override commission for that player's play. The beauty of it for banners and trackers is that (1) you don't know that player from Adam but you still get the commission and (2) that player's commission is yours FOREVER!
By visiting poker forums and poker sites and chatting up rakeback (in good taste of course!) you can generate a huge amount of personal income over time.
This is just a general description of rakeback and how it works, but if you have any thoughts or ideas, or any questions, please post them here.
Best wishes to you all,
arnaldo8802
where do i sign up? exactly how often and what kind of stakes would i have to play to get a rake back. i read what you wrote but i still dont understand it. i usually play in $1.00 to $5.00 tourneys, sit and go's, ect.is that enough?
E R A S E the JAYCISM and when i eat breakfast, I'm a cereal killa
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