Cake Poker Rakeback
33% Monthly Rakeback, plus a $500 Freeroll
Cake Poker Bonus Code
RAKEBACK
Cake Poker Rakeback Details
New Cake Poker players can earn 33% rakeback when using bonus code RAKEBACK during the sign up process. All rakeback payments are made within the first few days of each new calendar month and paid directly into the player account. This is a great feature since the poker site is handling all payments and paying directly into the player account. Some other sites have third parties handling payments, which isn’t as secure and efficient.
Cake Poker using the ‘dealt method’ when calculating its rake and rakeback, which means that for each pot you’re dealt cards to you’ll earn 33% of rake collected from the pot, divided by the amount of players that were dealt into the pot. This is by far the most superior method of rakeback calculation for good poker players, since they tend to play less hands and will still earn a percentage of pots even when they fold.
Please note that all bonuses, deposit fees gold card lottery awards, gold card 500 winning’s and shop orders are all deducted from rakeback payments.
What is rakeback?
Rakeback is an offer that only a handful of poker rooms allow and it is highly sought after by all poker players that know about it. Under nearly every scenario rakeback is far greater deal than all deposit bonuses. For starters rakeback is for life and an average deposit bonus at a poker room clears at roughly 15% rakeback and have a time frame in which you need to clear it.
Online poker rooms charge a fee of every pot which is usually 5% up to $3.00 and this fee is called ‘rake’, Rakeback is a percentage of the rake that has been generated which will be returned to your player account. Ex: If a Powzers rakes $2,000 for the month of January, he will be paid $660 in rakeback earnings that will reach his account by the 5th of Feburary. (2000 x .33 = 660)
Gold Chips
Beyond Frequent Player Points, Cake Poker gives their players Gold Chips. Gold Chips are part of the Rewards Program at Cake Poker, and just like FPP’s, they accumulate as you play. The more you play, the faster you accumulate Gold Chips. Gold Chips can be used to play in guaranteed and satellites tournaments where Gold Chips are the only way to buy-in.
Gold Chips can also be used in the Cake Shop to buy all kinds of cool gear. They can be traded for a Nintendo Wii, XBOX360, iPod’s, car stereos, poker tables, you name it.
Click this link for more details on the Cake Poker Rewards Program.
Cake Poker Bonus Details
The Cake Poker bonus is big, and easy to clear. Using Cake Poker bonus code RAKEBACK, players can earn a bonus of 100% up to $500. All players making their first deposit also receive a seat into a $500 new-player freeroll tournament. The clearing requirements are almost identical to the Full Tilt bonus. If you’ve already played at Full Tilt, this is a great chance to get another big bonus to build your bankroll. Players have 90 days to clear their Cake Poker bonus, while they have 120 days at Full Tilt. However, the Cake Poker bonus is paid in increments of $10, instead of $20 at Full Tilt. So, there’s a little give and take here, but both bonuses are excellent. But please remember that the Cake Poker bonus is deducted from rakeback payments.
For every $1 in rake, players earn one Frequent Player Point. Earn 7 points for every dollar paid in tournament fees. The value of each point is $.06, which means that players get 42% of their tournament fees paid back to them in bonus. Points are calculated exactly, not rounded in one direction or the other. So, in a pot that rakes $2.45, players earn 2.45 points.
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