Amateur Poker Association & Tour

Poker Forum => General Discussion => Topic started by: LongshanksED on December 03, 2009, 13:29:21 PM

Title: Living off rakeback? Possible?
Post by: LongshanksED on December 03, 2009, 13:29:21 PM
Title: Re: Living off rakeback? Possible?
Post by: AMRN on December 03, 2009, 13:47:01 PM: you sure about this mate? rakeback is only usually paid as a percentage of the tournement reg fee or cash rake - not against a whole tourney buy in. Perhaps you are in the midst of a startup bonus or something?
Title: Re: Living off rakeback? Possible?
Post by: THEGUY84 on December 03, 2009, 13:56:09 PM: Seem like lot of rake to me, i thought it ws 30% of, the reg fee, of say $2 in a $20 tourney you would generate $0.60 rake this would be a lot of tourneys to get $300+ back. If my maths is correct.

Seems like a lot.
Title: Re: Living off rakeback? Possible?
Post by: kinboshi on December 03, 2009, 14:04:49 PM: Yeah, rakeback is only on the rake/fee. The rest of the entry fee for a tournament goes into the prize-pool, so you can"t have any of that back (unless you cash of course).
Title: Re: Living off rakeback? Possible?
Post by: LongshanksED on December 03, 2009, 14:06:55 PM
Title: Re: Living off rakeback? Possible?
Post by: THEGUY84 on December 03, 2009, 14:13:04 PM: What poker site you playing?? and what Rake back site??
Title: Re: Living off rakeback? Possible?
Post by: APAT on December 03, 2009, 14:37:46 PM: I would prefer if the specific sites are not mentioned here.
Title: Re: Living off rakeback? Possible?
Post by: THEGUY84 on December 03, 2009, 14:39:57 PM: ok cool I understand.
Title: Re: Living off rakeback? Possible?
Post by: rubertoe on December 03, 2009, 17:00:00 PM: Quote from: THEGUY84 on December 03, 2009, 14:13:04 PM

What poker site you playing?? and what Rake back site??

Can they be pm"d? ;)
Title: Re: Living off rakeback? Possible?
Post by: LongshanksED on December 03, 2009, 17:42:52 PM
Title: Re: Living off rakeback? Possible?
Post by: TheSnapper on December 03, 2009, 18:02:21 PM: As Steve pointed out, its more likely your"e also clearing a deposit bonus on top of the 30% rakeback.

In terms of living off RB, some mid to high stakes multi tablers strike a balance of play whereby, they play x amount of tables at x stakes and though their winrate is zero or slightly minus, their hourly rate is optimum and some of the top guys are making as much as $30k pm. But you do need to be really good to achieve this.

As far as rakeback goes, your 30% deal is towards the small end of whats on offer. The big two Stars and Fulltilt won"t go beyond that afaik but lots of the lesser sites are giving 55% RB if you rake as little as $1k pm.

As an example 50 to 60 hrs per mth 6 tabling 50nl at 55% RB would net you about $550 to $650 in rakeback.
Title: Re: Living off rakeback? Possible?
Post by: APAT on December 03, 2009, 18:16:04 PM: Quote from: rubertoe on December 03, 2009, 17:00:00 PM

Quote from: THEGUY84 on December 03, 2009, 14:13:04 PM

What poker site you playing?? and what Rake back site??

Can they be pm"d? ;)

Unfortunately not.. it would be contrary to our partnership with Blue Square to allow competitor offers to be communicated across the site or via pm.
Title: Re: Living off rakeback? Possible?
Post by: LongshanksED on December 04, 2009, 13:31:05 PM
Title: Re: Living off rakeback? Possible?
Post by: CrizzyConnor on December 04, 2009, 14:14:55 PM: Shoulda kept shtum & withdrew...
Title: Re: Living off rakeback? Possible?
Post by: Honeybadg on December 11, 2009, 19:43:34 PM: ... looks like we found site of the year ...

I wonder how much they lost ... got to be a lot ...

Great work.

L
Title: Re: Living off rakeback? Possible?
Post by: TopPair2Pair on December 12, 2009, 01:05:03 AM: Its could be a new form of rakeback, the site could call it "stakeback"... and you gets to keep all your winnings. yum. Ahh the possibilities.