Chapter 7: A little bonus you shouldn't forget, rakeback
What if you could get back some of the rake you pay?
Gandalf
Professional Spin & Go player, co-founder of Poker Sciences
Rakeback varies greatly depending on the room.
What is rakeback?
I won't go into great detail on this topic. Rakeback mainly concerns relatively experienced players, from €2 and above, and this free course is aimed more at beginner players.
As we have already mentioned, all players pay a 7% rake. On a €10 game, this represents 70 cents per game.
To reward regular players, rooms offer loyalty programs that redistribute a portion of this paid rake in the form of cash. This is called rakeback.
Generally, rakeback ranges from 10% to 40% of the rake, depending on the room, your playing volume, and the stakes you play at.
Example with Betclic
For example, if you play at €10 with a 30% rakeback, you'll recover 0.70 × 0.3 = €0.21 (21 cents) per game. Rakeback therefore constitutes additional income and must be taken into account when calculating the ITM/CEV needed to be a winning Spin player.
Let's take the example of Betclic: we had seen that you needed to reach an ITM of 35.9% (that is, according to a calculation we had done: this corresponded to a CEV equal to 38.5) to be a winning player.
With a 30% rakeback, the required ITM drops to 35.1%, or 27.5 CEV (if you want the detailed calculation, refer to chapter 3 where we did a similar calculation).
So you need a lower ITM to achieve profitability if you benefit from a good rakeback.
In summary
Rakeback is an essential factor to take into account from the €2 stakes onwards.
Depending on your playing volume, it can add a significant amount to your total winnings and, in some cases (especially at higher stakes), allow you to go from being a losing player to a winning player.