Author Topic: Living off rakeback? Possible?  (Read 4039 times)

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LongshanksED

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Living off rakeback? Possible?
« on: December 03, 2009, 13:29:21 PM »

AMRN

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Re: Living off rakeback? Possible?
« Reply #1 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?


THEGUY84

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Re: Living off rakeback? Possible?
« Reply #2 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.
FNP,
 
Though I would give this blogging a shot!!
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kinboshi

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Re: Living off rakeback? Possible?
« Reply #3 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).
"Running hurts up to a point and then it doesn't get any worse."  Ann Trason

LongshanksED

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Re: Living off rakeback? Possible?
« Reply #4 on: December 03, 2009, 14:06:55 PM »

THEGUY84

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Re: Living off rakeback? Possible?
« Reply #5 on: December 03, 2009, 14:13:04 PM »
What poker site you playing?? and what Rake back site??
FNP,
 
Though I would give this blogging a shot!!
http://theguy84.blogspot.com/

APAT

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Re: Living off rakeback? Possible?
« Reply #6 on: December 03, 2009, 14:37:46 PM »
I would prefer if the specific sites are not mentioned here.

THEGUY84

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Re: Living off rakeback? Possible?
« Reply #7 on: December 03, 2009, 14:39:57 PM »
ok cool I understand.
FNP,
 
Though I would give this blogging a shot!!
http://theguy84.blogspot.com/

rubertoe

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Re: Living off rakeback? Possible?
« Reply #8 on: December 03, 2009, 17:00:00 PM »

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



Can they be pm"d? ;)
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LongshanksED

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Re: Living off rakeback? Possible?
« Reply #9 on: December 03, 2009, 17:42:52 PM »

TheSnapper

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Re: Living off rakeback? Possible?
« Reply #10 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.
« Last Edit: December 03, 2009, 18:22:39 PM by TheSnapper »
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APAT

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Re: Living off rakeback? Possible?
« Reply #11 on: December 03, 2009, 18:16:04 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.

LongshanksED

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Re: Living off rakeback? Possible?
« Reply #12 on: December 04, 2009, 13:31:05 PM »

CrizzyConnor

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Re: Living off rakeback? Possible?
« Reply #13 on: December 04, 2009, 14:14:55 PM »
Shoulda kept shtum & withdrew...  
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Honeybadg

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Re: Living off rakeback? Possible?
« Reply #14 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