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This may sound a stupid question but how, and I suppose what, is rake and how does it work?
I, like may of you, received the email this morning offering £10 free but I need 20 rake points. Can anyone explain?
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chefboy
Seriously, rake is just the percentage Sky take off us to play isn't it? Rake points are gathered the more you play and gives you money back at the end of the month if you earn enough?
Am I missing something?
Cash - Sky take 5% of every hand that reaches the flop. This goes up to a maximum of £1.80 (All other sites / live venues work different amounts)
MTT/STT - Rake is the 10% extra fee for the tournament. I.E the open is £11 buyin (£10 + £1) The £1 is the rake and goes straight to Sky.
A lot of sites offer rakeback (Sky do cash for points) At the end of the month you get a % of the rake back as a thank you for being loyal to the site and encourages you to play more, the big hitter who play lots of tables can get a very hefty amount of money back each month.
*have 999 on speed dial - just in case.