What is rakeback?

To understand what rakeback is we'll first explain what rake is and how it works:

Rake: Online poker rooms make their money by automatically taking a cut of the players' stake money; this is called the 'rake'. Typically the rake is 5% of every pot. Playing a few hundred hands a month soon accumulates a large amount of rake, and you could be paying tens of thousands of $$$ a year in rake!

Rakeback: This is a portion of the rake you have paid that you can get back (hence rakeback) through the various reward systems available. Players can get up to 80% of their rake money back through a rakeback professional.