Cake Poker offers 33% rakeback for new players who sign up through a rakeback provider. This is a very strong rate, which is one of the higher rakeback percentages in online poker. Cake uses the “dealt” method of determining every players rake from cash games and also includes tournament entry fees each players rake amount. Your rakeback is paid by the fifth of the month for the rake you accumulated in the previous month. While receiving rakeback you are still eligible to receive Cake Poker bonuses, but they are deducted from your rake amount when calculating your monthly rakeback.
Cake Poker uses the “dealt” method of calculating rakeback. This means that each player who was dealt into a cash game hand is considered to have contributed an equal amount of rake. For example, if $1 of rake was taken from a pot at a 10-handed table, then each player is said to have contributed $0.10 in rake. This method of rake calculation is perfect for tight players because they will often be accumulating a lot of rake while not risking many chips.
In order to get your account set up to receive 33% rakeback at Cake Poker you will need to follow these simple steps.
Step 1: Click this link to get to CakePoker.com and download the software from there.
Step 2: Install the software and create your account using the signup code RBCAKE33 (It is very important that you enter this signup code)
Step 3: Complete the registration and make your first deposit.
Cake Poker guarantees that they will pay your rakeback by the fifth of the month for the rake you accumulated in the previous month. You can also keep track of the amount of rakeback you have earned through the month by selecting “stats” under the “my account” menu of the Cake software. Cake updates the stats every day so you can keep a close eye on your monthly rakeback.
Tournament fees are included in your Cake Poker rakeback amount. For example, if you play in a $50 + $5 tournament, the $5 is added to your rake amount for the month and you receive 33% of the $5 back in your rakeback payment. One negative is that Cake Poker does deduct your bonuses from your rake amount for the month. Included in the deductions would be any bonuses you received and any prizes you won from the various Cake Poker promotions.
For example, if you rake $800 during a month playing at Cake Poker you would receive $264 back by the fifth of the following month. However, if you cleared $200 of your bonus in this month and received $200 from a weekly Gold Card 500, then your rake amount is reduced to $400 and you receive $132 in rakeback.
Cake Poker’s 33% rakeback offer is very competitive and the terms of the agreement are very fair. The “dealt” method of rakeback calculation is a positive for tight players and a negative for loose ones. The deductions are the only downside of the agreement, but they make sense. In reality you are receiving 33% back of whatever the poker room makes off of you. It is still advantageous for you to take advantage of the bonuses because since they are only deducted from your rake and not your actually rakeback they are still beneficial to the players. Overall, Cake Poker’s rakeback program is solid with a good percentage and fair terms.
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