|Party Poker Information||Rating||10/10|
|Poker Site||Party Poker||Player Level||10|
|Rakeback/Bonus||5-50% / $500|
RakeBack Equivalent at PartyPoker
Many poker rooms try to attract players with big rakeback offers to boost their bankrolls with cash to play more poker. Percentage rakeback means a percentage rebate of the money contributed by a player for every hand played in cash games and the fees paid to enter tournaments.
This money represents the cut taken by the poker room for providing the service to its customers. Casinos and Sportsbooks make their money from the wagers placed by players who are playing against the house. In poker games and tournaments, players are competing against each other so the poker room is obliged to charge rake and tournament fees in order to be commercially viable.
PartyPoker has an excellent reward program which is equivalent to rakeback and just as valuable to players.
Rakeback through the Welcome Bonus
Players who register a new account at PartyPoker immediately receive a 100% match bonus of up to $500 related to their first deposit. Players need to participate in real money poker games and tournaments automatically earning PartyPoints which release the welcome bonus in specified increments to their real money account at PartyPoker.
For every dollar contributed in rake at a round table game or in tournament fees a player receives 2 PartyPoints. The number of PartyPoints is immediately updated when a player leaves a game or tournament. This is a great form of cash back and is effectively equivalent to 33% rakeback plus point value and extras from the solid monthly promotions like World Domination or The Gladiator.
Rakeback through the Palladium Rewards Program
All customers who play cash games and tournaments at PartyPoker are immediately enrolled onto the Palladium Rewards Program where a player’s status or “key level” is fixed by the number of PartyPoints earned by playing real money poker during the previous month or quarter and at each key level a corresponding package of benefits is unlocked.
The PartyPoints earned can be used to buy extra bonuses, obtain cash back or buy valuable items in the Points Store at PartyPoker. Buying extra bonuses is far more lucrative than asking for cash back and this becomes more evident as the player reaches the highest key levels where conversion rates of PartyPoints are much greater.
PartyPoker operates from an integrated gaming platform with PartyCasino, PartyBets, PartyGammon and PartyBingo using a shared log-in and common player account. All PartyPoints earned at any of the gaming sites count towards a players key level on the Palladium Rewards Program. The potential for Party Poker rakeback equivalent is enormous for players since every PartyPoint brings rewards.