Rakeback and bonuses: Poker Talk

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TwoRags now offers Rakeback -- Introduction

For those of you who might not have noticed (is it possible to not have noticed?), we're now offering rakeback... do you see those promotions in the left column? We've partnered with the folks at Raketracker who we chose because of their experience, integrity and their ability to cut the best possible deals with poker rooms. Please head on over to our rakeback page to learn what rooms we work with and the deals you can receive if you sign up (you can always choose a link in the left sidebar or follow the rakeback tab on the top of each page).

What is rake?
The 'rake' is the amount the poker room removes from each pot, as a fee, for hosting/offering the poker game. The amount taken from each pot varies by limits, but is generally anywhere from $1-$3 on average per hand.

What is rakeback?
When you sign up with a poker room through Tworags, you will receive a refund for every $1.00 that you pay in rake. This refund is known as rakeback. No matter what limits you play, whether you are a professional or just play poker for fun, receiving rakeback will greatly increase your win-rate, and allow you to make more money.

What is MGR?
MGR stands for Monthly Gross Revenue. This is the number your rakeback is based on. MGR is your share of the rake generated in pots you play minus any deductions the poker rooms take out. Deductions might include bonuses, deposit fees, store purchases or other in house promotions. Some poker rooms deduct all of those items as fees while others do not deduct any. It is always best to make sure what is deducted from your MGR at the poker room of your choice to make sure you are maximizing your rakeback potential.

What is "Total Rake" or "Net Revenue"?
Each poker room may have a different term for "Total Rake" or "Net Revenue", but it is essentially the total rake paid by you as calculated by the poker room. When you receive your rakeback, it is always a percentage of your Net Revenue.

What is a Rakeback Provider?
A rakeback provider is a company that advertises for a poker room or a group of poker rooms. Rakeback providers are paid a percentage of Total Rake for each one of their players. We then give this payment from the poker room, in the form of rakeback, back to you, the poker player.

How can I get rakeback through TwoRags?
The first step is creating an account with TwoRags. This carries absolutely no obligation and will allow you to view our members area as well. Once you have logged into your newly created account with TwoRags, from the Rakeback tab, select the poker room(s) you are interested in receiving rakeback from and follow the sign up instructions. Within 5 minutes you can begin playing poker and earning rakeback!

How often are my Rakeback stats updated on TwoRags?
Almost all of your rakeback stats are updated daily. If a site does not update daily there will be a note of this. There can sometimes be delays with the rakeback stats updating, but these delays are usually out of our control and are usually not more than a couple of days.

Can I Still Get Bonuses at a Poker Room if I Receive Rakeback?
Yes! You will still be able to receive bonuses offered by the poker room and any other promotions offered by the poker room or TwoRags if you receive rakeback from TwoRags. Most online poker rooms deduct bonuses from your MGR but there are some that do not. This makes those rooms even more attractive to rakeback players. Even if bonuses are deducted it is much better to receive both bonuses and rakeback than either by themselves.

When are Rake Back Payments Made to Me?
The payments are made once a month, generally during the second week, for the previous month's rake back that is currently due to you. For example, if you have accumulated $400 in rake back in December, this will be paid to you in January. Though we strive to make the rake back payments to you by the 15th of each month, certain poker rooms automatically make the rake back payment to your poker account. There are times when the rake back payment will be made even later than the 15th due to their poker rake back payment schedule.

Note: You must have a rake back balance of $20 or more from the previous month in order to receive your rake back payment. If you are owed less than that, it will be carried over to the following month and will paid once your total has reached $20. This does not apply to accounts where you are paid automatically by the poker room.

At what Poker Rooms can I get Rakeback?
We offer rakeback at many different rooms. Go to the Rakeback homepage to see all of the offers. You can also see our featured offers by clicking below.
Full Tilt Rakeback
Cake Poker Rakeback

What is a first deposit bonus?
When you start playing at an online poker room they offer incentives to get players to make their first deposit. Some poker rooms require you to deposit a certain amount to receive the bonus while others give a no deposit bonus meaning you simply have to meet the requirements of the bonus to clear it without depositing a certain amount. In almost all cases the bonus must be earned meaning you only receive it after playing a certain number of raked hands or earning a certain number of points.

What is a reload bonus?
From time to time certain poker rooms will offer limited time reload bonuses. These are for existing players and often have the same requirements their deposit bonuses have. Reload bonuses are typically offered for special events to help promote tournaments such as the World Series of Poker while other times they are offered during typically slow times of the year such as holiday weekends. Some poker rooms offer monthly bonuses to their players.

What does "Bonuses Deducted" Mean?
Most poker rooms deduct a cleared bonus from your MGR. This means if you cleared a $200 bonus while generating $400 in rake you would only receive rake back from $200 because the other $200 was deducted from your MGR. If you were receiving 30% rakeback this would mean you would only receive $60 in rakeback instead of $120. Some poker rooms do not deduct any bonuses. This includes poker rooms on Boss Media as well as Cryptologic. If you were playing at those poker rooms you would receive $120 in rakeback in the same scenario.

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