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How Bonuses Effect the On-Line Poker Player’s Rakeback
A common area of confusion for online poker players who receive rakeback, or who are thinking of signing up for rakeback, is the effect bonuses have on the amount of rakeback the player will earn. Although different poker rooms have different policies, for the most part they all include bonuses in the same way when calculating the income a player has generated. There is a smaller rakeback payment due to a bonus that the poker room gives to the poker player, but this payment, combined with the bonus, is always more than just the bonus or just the rakeback. Here is why a player wants to use rakeback and bonuses to increase his win rate and indeed his bankroll.
You don’t need to understand how rakeback is calculated to know the effect of bonuses on rakeback, but it would greatly increase a player’s understanding of rakeback and even poker in general. An explanation of MGR (Monthly Gross Rake) and rakeback can be found in the article “How Online Poker Rooms Calculate Rakeback”. For our purposes here, if the reader understands MGR to be more or less the ‘revenue’ that poker rooms consider a player to have contributed rake to and knows that the refund they receive, also known as ‘rakeback’, is a certain percentage of your MGR, then the rest of this article will make sense (if not, reading the article mentioned above would be a good idea). The average percentage of rakeback offered is 35% and for our purposes here, this will be the percentage used.
The formula: ($MGR – $Bonus)*(RB%) = $RBPAY (where “$Bonus” is the bonus dollar received from the poker room by the player, “RB%” is the rakeback percentage earned by the player, and “$RBPAY” is the dollar amount the player will receive) is a simple method that can be used to calculate rakeback for a given month.
If a player receives a $100 bonus from poker room A, has an MGR of $1,300 at the poker room, and receives 35% rakeback, we can plug these numbers into the formula above, ($1300 – $100)*(.35), and see that the amount the player will earn in rakeback is $420. After deducting the bonus MGR, the player’s Net MGR is $1,200 ($1,300-$100) and then their Net MGR is multiplied by 35% ($1,200 * 0.35) to receive the full rakeback payout they will earn. If you didn’t take advantage of the bonus, your total rakeback payout would be $455 (you can still use the formula: ($1300-0)*(.35) = $455). Okay, your rakeback payout is $35 more than if you had received the bonus and rakeback, but you have actually earned $65 less (your total net earned from bonuses and rakeback, when you receive a bonus, is $520) than if I would have taken the bonus and rakeback. A player must never turn down a bonus due to rakeback and never decline rakeback due to a bonus. The bonus and rakeback should always be take advantage from.
If a player, as another and last example, won bonuses of $600 and $2000 in MGR, what would his rakeback payout be: ($2000 – $600) * (.35) = ($1400) * (.35%) = $490 ; Your total rakeback and bonus would be $1090, which is more than double what it would be without rakeback (you’d only win the $600 bonus) and $390 more than if you didn’t take advantage of the bonus ($700 with just rakeback and no bonus). Clearly, rakeback and a bonus is the best situation and offers the most positive expected value for the online poker player.
As a final note, not all sites deduct bonuses from MGR, but subtracting the bonus from MGR is the industry standard. Hopefully, in the near future, there will be a change to this, but the current state of bonuses and rakeback is more than satisfactory to help increase the bankroll and win rate of the poker player.
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