During June and July, RakeTheRake players who refer friends to the rakeback specialists site will rank in a new leader board. And the ten players who notch up the most referrals by 31 July 2010 will win some fantastic prizes: an LG champagne flute home cinema system (worth $720), an Apple IPad (worth $625), a mini jukebox replica (worth $795) and a really cool pocket cinema (worth $360) are all up for grabs. Another good thing is that 6 runners up will receive good RakeTheRake merchandise.

RakeTheRake players simply need to login to their account and then from there invite their friends to sign up to rakeback by entering their personal email addresses. Its completely free to join and ensures they get cash back from every game, win or lose. Alternately players can select special banners and text links to add to their own websites to promote the benefits of rakeback to players. The referral period runs from 1 June until 31 July 2010. A cash alternative to the 4 main prizes will be available.

Players who refer friends will get regular monthly commission from RaketheRake of 4% of their player’s net rake and 1% of all sub referalls which is a great deal. The commission you receive is not taken from your player’s rakeback. A commission of 5% of the pot is taken by the online poker room in every poker game and it is not returned unless you have a rakeback program in place.

So enjoy game of betfair poker or full tilt poker at rake the rake today.

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But, what exactly is rakeback? At the outset, you should realize what the rake is in the first place. While you play on a poker table, you have most likely seen that there’s a small percentage of the pot that is extracted by the poker site. This is the rake; it represents the percentage of each pot that is kept by the poker room. This is likewise as in a casino, when the live dealer takes a small percentage of a pot as a commission. This fee, the rake, is how a poker site generates their earnings.

Through rakeback, a poker player receives a part of the commissions in rake he pays back into his cashier account. At Victory Poker, the rakeback amount is 40% of the rake a poker player pays.

Hence, how much rake does VictoryPoker.com takes in the first place? For nearly all No Limit and Pot Limit games, they take $0.01 in rake for each $0.20 inside the pot. Then again, the highest rake that can be extracted from any pot is 4 dollars. For Limit variants, the maximum rake varies based on the limits (size of the Blinds), that you play at.

To cite what a poker player on Victory said to me a short time ago: “Playing poker on Victory without rakeback is like having sex without a condom, you can do it, but it isn’t smart.” Now then, maybe he’s pushing it just a little, nevertheless, taking into account that a player has the opportunity to be given a part of his fees in rake back in cash in his cashier account, it’s indeed not very smart to refuse it.

Will Victory Poker turn into a major member in the online poker industry? Just time can tell. Then again, with the positive feedback it has been getting lately, Victory will be around for some time and can just progress. Though giving players rake back can look like a scheme to appeal to the high stakes poker players, Victory doesn’t seem to be turning a blind eye to novices as well. Their site includes a helping page with poker guides for novice players. In addition, the fact that they associated their reputation with the ones of a couple of popular poker professionals, and a playmate, tells us that they are trying to attract the larger poker fans.

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