re: Poker & Rakeback on Fulltilt
Originally Posted by Likminutz
Thanks, guess I'll give it a try.
How does rakeback even work? How is the site making money?
Rb is just a discount on the rake you pay. Say for instance you play 30K/month at 100nl and you pay ~$1200 in rake each month. With no rb that's the end of it. With rb you'd get ~$325 back into your FT account (some pay weekly, some you choose when to get paid). Rb can be a huge factor on your bottom line and through 50nl it generally adds 1BB/100 to your overall winnings.
The site is still making money, just 27% less from you (the actual number is actually more than 27% because the rb site itself is getting something as well). Basically the sites that offer it do it as a form of advertising to get people to choose their site. If FT didn't offer it, more people would play at Stars just because the support is so much better there than at Tilt.