Everyone is talking about GG Poker, and the GG Poker Network, which appears to be the fastest growing poker network on the planet at present.
The network statistics are staggering:
What is Rakeback – Get Paid to Play. Each time you play a hand of online poker a small percentage of the pot is taken, or raked, by the house. Getting a portion of this money back is called: rakeback. The rakeback at poker rooms varies, but on average you can receive 30% to 50% of your monthly rake back in your online poker account. Poker Rakeback Deals Smart poker players save between 30% and 70% of the cash which they pay in tournament fees and cash-game rake to online poker sites – simply by leveraging rakeback deals, rake.
Rakeback is simply where you receive a percentage of this rake back to your account at the end of the month (or more frequently), instead of having the poker room keep 100% of this rake. If you play at a poker room with rakeback, you can generally expect to receive between 27% and 33% of the rake you pay back in to your account. Rakeback, then, is a monetary ‘thank you’ from the poker room whereby a percentage of your generated rake is returned. Poker rooms calculate rakeback using one of three methods: Contributed Rakeback: This is a percentage of money that you actively contribute to the pot. For example, if you bet $10 dollars in a hand, and the poker room takes. Poker Rakeback Deals. Rakeback = Cashback. And you can get up to 80% back each month! Just as you can get cashback on real world purchases, so you can get cashback when you play online poker. It’s called 'rakeback' because you get a portion of the “rake” that the house takes as fees.
- Fifty white label poker-room operators (‘skins’) use the software for their businesses
- Coverage in 150+ countries
- 1 Million active users.
Unfortunately, the site does NOT currently accept USA poker-players, and if that changes we will keep you updated.
So while GG Poker might be new, it’s not going to vanish any time soon!
Rakeback Poker Sites
GG Poker Rakeback
If you’re looking for the best rakeback deal for GG Poker, or other skins on the same network, have a look at the fish-buffet rewards system which is built in to GG Poker, which rewards players the more they grind.
Online Poker Rakeback
Fish Buffet is the name of GGPoker’s loyalty scheme, featuring a ladder system where you unlock greater rewards as you play your way up the levels.
- You automatically join Fish Buffet when you create your GGPoker account using our link.
- You get 1 Fish Buffet Point (FP) for every $0.01 you generate in rake through your play at the tables.
- There’s 25 different levels along the food chain to unlock, from shrimp to shark and everything in between. Each level has varying FP and time limit requirements.
Levels:
| Status | Level | Level | Time Limit | Prize Range |
|---|---|---|---|---|
| Plankton | – | 500 | 24 hours | $0.50 ~ $1.50 |
| Shrimp | – | 1000 | 24 hours | $1 ~ $3 |
| Goldfish | Bronze | 1500 | 24 hours | $1.50 ~ $6 |
| Silver | 1500 | 72 hours | ||
| Gold | 1500 | 72 hours | ||
| Crab | Bronze | 5000 | 72 hours | $5 ~ $25 |
| Silver | 5000 | 72 hours | ||
| Gold | 5000 | 72 hours | ||
| Octopus | Bronze | 15000 | 7 days | $15 ~ $90 |
| Silver | 15000 | 7 days | ||
| Gold | 15000 | 7 days | ||
| Platinum | 15000 | 7 days | ||
| Diamond | 15000 | 7 days | ||
| Whale | Bronze | 40000 | 15 days | $40 ~ $320 |
| Silver | 40000 | 15 days | ||
| Gold | 40000 | 15 days | ||
| Platinum | 40000 | 15 days | ||
| Diamond | 40000 | 15 days | ||
| Shark | Bronze | 100000 | 30 days | $100 ~ $1000 |
| Silver | 100000 | 30 days | ||
| Gold | 100000 | 30 days | ||
| Platinum | 100000 | 30 days | ||
| Diamond | 100000 | 30 days | ||
| Black | 100000 | 30 days |
How do I level up in Fish Buffet?
The starting level is Plankton for all players. Each level comes with a requirement to earn a certain amount of FP within a given time limit.
When you successfully hit the required amount of FP within the time limit, you unlock that level. You’ll get a chance at spinning the wheel, which boasts increasing rewards for each rank. Any remaining FP are credited towards the next level after completing your current requirement.
Check out the rewards per level below:
Poker Rakeback Sites
Spinning the wheel – how it works
- Unlock a level to spin the wheel for a cash prize
- You can initiate the wheel spin right away or open it later in ‘My Bonus’
- Rewards are credited into your account after the spin lands on a cash prize
- Unopened wheel spins are automatically spun 90 days after initial unlock and the designated rewards credited into your account
What happens if I don’t complete a Fish Buffet level?
If the required FP is not met within the time limit, you are demoted to the previous level. Your accumulated FP expire and you receive 10% cashback of the expired FP amount.
How far will you move up the food chain?
In order to understand what rakeback is, you would need to understand how poker rooms earn their revenue or earn their funds in online poker. Whether it is a tournament or a cash game, the poker rooms would take some part of the buy-in fees. For the most part, the poker rooms would take 5% of the revenue from each pot in cash games. This fee is referred to as the “rake” and a majority of players do not even notice the process. As a matter of fact, poker rooms make large sums of money from these percentages, which turn out to be a great revenue stream in the long run. Besides revenue, popular online poker sites make millions of dollars as “profit” from the tables itself. Its very different from the revenue model of casinos online which earn money not from rake but from when the player loses against the house.
Rakeback in Online Poker and Promotionals
Lately, rakeback has now turned into an exciting promotional scheme for the affiliates referring and recruiting players to poker rooms. As soon as you sign up for rakeback on a poker site, you would receive a percentage of the rake generated by the poker room. Hence the process is called a “rakeback” process.
In most cases, the rakeback figure is about 30%. Hence, from the 5% amount generated by the poker rooms from the pot, they would give back 30% to the players as a part of the “rakeback” figure. At the same time as this may not seem to be significant amount, but once you play poker for a longer period of time, it turns out to be a big amount. A majority of professional players make around $50,000 a year, from rakeback alone, besides the profits they make while playing poker. In order to claim the rakeback, you don’t really have to be a regular player. It has been observed that low limit players with a bankroll of merely $100, can also make about $1000 a year, simply by playing on smaller stakes cash tables.
Nowadays when online poker is not legal in USA, there is questions about if rakeback will return even if online poker gets legal again. Rakeback deals in Europe are not that common anymore for example. So new poker rooms has rakeback promotions, otherwise it’s back to poker bonus in many cases.
The interesting part about rakeback is the secrecy that surrounds the phenomenon. Prominent players already know the fact that poker sites do not advertise or promote rakeback schemes to the players to register with them directly.