Poker Rake: Understanding Poker Rake, The Raked Cost of Poker Games
What is Poker Rake?
Poker Rake. For newbie's, this term can be the source of much confusion. It's important to become familiar with poker rake and what it means to you as an online poker player.
Poker Rake is a percentage of the total poker pot that is commissioned to the house, or the poker room in which you play. After all, the poker rooms need to take their fair share, right?
Rake Collection Methods
There are several methods in which to pay the rake, the most common is the collection of a percentage of the total pot from every poker game. Another method is for poker rooms to charge an entry fee to every poker tournament participant. If the entry fee is low, it's usually a more attractive option for poker players, though seldom will poker rooms offer it as an option.
Collecting the Rake
When poker rooms collect the poker rake through the pot, the total amount of the rake will be posted on their website. It's usually listed in table format for clear reading and so there's no misconception by the participants. The rakes are often low, typically 10% of every pot up to a maximum of $3.00. It's recommended you check with the specific poker room you wish to play at as the number can vary (our example is a baseline). After players have completed their betting the rake is taken from the total in the pot. This means the total pot (or winnings) are lower than the actual amount. On a positive note, the rake is usually a low enough number where it's a small price to pay for participating in the tournament.
Check The License
Make sure to do your research on the poker room before you play. Although most of the big name poker rooms are trustworthy, there are dozen, perhaps even others who cannot legally collect poker rakes. In order to collect poker rakes, poker rooms need to have the proper gaming license and/or permits. The laws of many jurisdictions are written in such a manner that they do not prohibit the playing of poker for money, so long as nobody is taking a rake. If the poker room you're participating in doesn't have the proper permits, it's suggested to skip it and move on to a more predominant one that does.
Poker Room Recommendations
See the listing of trustworthy and Poker Throttle recommended poker rooms below and get into the poker tournament action right now!
Top 10 Online Poker Rooms