Normally I don't like to call out affiliates, but since this one was spamming Craigslist I will. I responded to his Craigslist spam just for fun and to see what type of reply I would get. He claims that you can get rakeback on other peoples play, even if you are not in the hand. Apparently you just have to be sitting at the table and folding to generate rake. Orly
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Thanks for writing, first I will explain how we are able to make this work. Every online site charges some kind of rake for sitting at their tables. This rake normally goes into the site's profits. We get a percentage of this rake back for you. However, many sites give you credit for paying rake that you don’t actually pay. When you sign up at a major poker site, you will be getting 27-33% of the rake back, that the site records you as having paid.
Here is an example of how this works;
On fulltilt poker, your “paid rake” in a cash game is calculated by taking the total rake for a hand, and dividing by the # of people at the table. So it’s not the rake that you have actually paid, but the average of each player at the table if the rake were to be split evenly amongst the players. As long as you were dealt cards, you are included in this equation whether or not you have put any money into the pot or not.
This means that you are getting “rake back” for rake which you have never actually paid. |
After I emailed him back and told him that he was wrong, this is the response he gave me. He really believes that players not in a hand are generating affiliate revenue. I will spare him the embarrassment by not listing his rakeback site.
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Let me start from the bottom up to make sure you have full understanding. First lets start with scenario where you never play a single hand. You sit at the table and pay your blinds as the dealer button moves around, so cards are dealt to you, but you just fold and never play a hand. In this scenario.....consider this......
When 2 other players at the table pay a pot where they both put in 10 dollars total.......so a ($20 pot), fulltilt will be raking $2 from this pot. This 2 dollars comes directly out of the pot, so the winner will be winning 18 bucks......with me so far?
In reality each of these players has paid $1 in rake....however this is not how the site records the rake for this hand. what the site does .......is take the $2 in rake.....then divide $2 by the number of players at the table
(9 handed). This works out to $.22 per/person....So in this hand, the poker sites believes that each person at the table has paid 22 cents in rake even though that is not the case.
This is the way rake is calculated no matter what happens to you during the hand...Whether you play the hand, win the hand, lose the hand.....fulltilt will divide the total rake by the # of people at table, and that is how much rake you will be credited for paying. This method of calculation is what enables rakefreeze's players to make a profit just by sitting there.
In the example above where 2 different players have played a $20 pot, and you have been given credit for paying $.22 in rake.....at Fulltilt you will be recieving 27% rakeback of $.22 for this particular hand= 5 cents.
So to be clear, on a hand where you have simply folded your cards, you have earned $.05 from the rakeback program. Had you decided to play this pot, your rakeback would still be exactly the same.
I hope this helps...send me another email if you have more questions. |