Rake Back FAQ
If you are new to our site or have any questions about rakeback it is highly suggested that you read our short FAQ!
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 PokerLizard, 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 "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 PokerLizard pays your rakeback, it is always a percentage of your Net Revenue.
How precisely is rake calculated at various rooms?
In the online poker world, there are at least four different ways that a site will calculate the rake that a player generates.
Dealt: The easiest method of calculating rake generated. It is calculated simply by dividing the rake taken from the table by the amount of players dealt cards in the hand. Example: $1 rake with 10 players dealt cards. Each player would receive $0.10 in MGR attributed to them.
Average Contributed: Contributed rake is calculated by taking the amount of rake taken from the table and dividing it between the players who made a contribution to the pot. A player who folded before the flop and did not contribute at all to the pot would not get credit for any rake. Example: $1 rake with 10 players dealt cards, 4 of which contribute to the pot (including both blinds). Each player would get credit for $0.25 in MGR.
Weighted Contributed: Weighted contributed is like contributed, but is different in the fact that it allocates MGR based on how much of the pot a player contributed to. Example: Three players contributed money to the pot. The pot is $20 with a $1 rake. Player 1 and player 2 each contributed $8 and player 3 contributed the remaining $4. Player 1 and 2 would each receive 40% of the rake in MGR ($0.40) and Player 3 would receive the remaining 20% ($0.20).
Ongame Essence: Essentially they use a weighted contributed method and then adjust the numbers based on a player's skill level. A player who is superior to his opponents will earn fewer points; a interior player would earn more. Based on reports we have received from players, the calculation is generally no more than +/- 25%. An exact formula has not been released by Ongame.
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. PokerLizard then gives this payment from the poker room, in the form of rakeback, back to you, the poker player.
How can I get rakeback through PokerLizard?
The first step is creating an account with PokerLizard. 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 PokerLizard, from the left hand side of any page, 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 PokerLizard?
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 PokerLizard if you receive rakeback from PokerLizard. Bonuses are often deducted from your Total Rake, but it is much better to receive both bonuses and rakeback than either by themselves.
When are Rake Back Payments Made to Me?
Most poker rooms pay rakeback automatically to your poker room account. Some pay weekly, twice a month or monthly. For poker rooms that do not pay rakeback the payment is made here under our Payments section at 12:01am CT on the 10th of every month for the previous month's play.
Note: If your payment is made here 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.
What If I Still Have Other Questions
We suggest looking over the entire PokerLizard site, particularly if you are new to rakeback or our site. We think it will not only answer your questions, but could possibly provide you with a deeper understanding of rakeback and the effect the rake has on poker. Our prompt customer service can answer almost all your questions as well. Click here to contact us!