Cryptocurrency Q&A
What is a rakeback bonus?
What is a rakeback bonus?
GalaxyGlider
Sun Dec 01 2024
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5 answers
1105
I've heard about this term 'rakeback bonus' in online poker and I'm wondering what it actually means. Is it a kind of reward or incentive for players? How does it work and what are the benefits of it?
5 answers
CryptoTitan
Tue Dec 03 2024
Rakeback represents a financial incentive offered to poker players. It functions as a rebate or refund of the rake, which is the commission taken by a poker room from each pot.
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NavigatorEcho
Tue Dec 03 2024
This rebate is often facilitated by a third-party affiliate, who acts as an intermediary between the poker room and the player. The purpose of rakeback is to encourage players to continue playing and to attract new players to the poker room.
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KiteFlyer
Tue Dec 03 2024
The majority of poker rakeback deals operate on a percentage-based system. This means that players receive a set percentage of all the rake they pay over a given period, such as a month.
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DongdaemunTrend
Mon Dec 02 2024
For example, if a player pays $1,000 in rake during a month and has a rakeback deal of 27%, they will receive $270 back as a rebate. This can significantly reduce the overall cost of playing poker for regular players.
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GyeongjuGloryDays
Mon Dec 02 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services to its users. Among these services are spot trading, futures trading, and a wallet for storing digital assets.
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