Poker sites as well as affiliates are often organizing rake races and rake chases to give a portion of the generated rake back to the players.
Such extra benefits are great tactics to add up to your net win rate so you need to be smart about what’s being offered and what maximizes the value for you specifically.
this article covers the difference between a rake race and a rake chase, how they work, and how you can maximally benefit from either type of promotion.
What is the difference between a rake race and a rake chase?
A rake race is a promotion where players earn (cash) prizes organized by a poker site or an affiliate.
A portion of the generated rake is paid back via a leaderboard containing fixed prizes that go down in value with each rank. It’s called a race because you compete with other players in the same promotion to take down the top prizes.
Rake races are commonly organized on a weekly or monthly basis. Lately, poker sites offer daily rake races to give more players a chance to win cash prizes.
In a rake chase, you’re not competing with other opponents but you’ll be rewarded based on the rake you generate, or points you earn as an equivalent. The more you rake, the better your cash prize when hitting certain milestones.
Black Card is also offering a rake chase for its members active on Partypoker, BetOnline, and Natural8. You can see the results below in the image on the left and the cash prize distribution on the right side.
As you can see, multiple players earned the same cash prize.
For every $1 in rake generated you earn 10 leaderboard points in Black Card. Therefore, 2,000 points or $200 in rake rewards you with a $10 cash prize and someone collecting more than 40,000 points earns himself $300 in cash.
How to gain maximum value from a rake race?
If you’re a player that puts in a lot of volume, plays high stakes, or a combination of both, make sure to look for additional value coming from rake races. You’ll need to compete with other hardcore grinders but the additional value can be huge!
Check out the conditions, for example which stakes are included, and consider how far you can reach racing for the top prizes.
How to gain maximum value from a rake chase?
Since you’re chasing better prizes individually, focus on what milestone you’re able to reach. Check the conditions of a particular chase, like for what time period does it run and what is the actual value.
Since a certain prize is linked to rake generated, or different terminology reflecting this number such as leaderboard points, the value can be determined beforehand.
For example, in Black Card earning 2,000 points is $10 in cash or 5% actual value, which can be treated as additional rakeback. Note that by hitting 10,000 points you’ll receive $75 in cash, where its actual value comes down to 7.5%. Earning 50,000 points triggers a $500 cash payment or even 10% value.
Be aware of such value increments. If you’re able to earn 8,000 points relatively easy you might as well grind a bit harder to hit the 10,000 points milestone earning at a 7.5% rate instead of 5% and add the additional rakeback to your net win rate.
Since most rake races and rake chases are offered on a frequent basis, the extra cash adds up quickly!
A lot of promotions are being offered in the online poker market today. As with all tactical decisions, it’s up to you to extract the most value from them.
Hopefully this article gives you a better insight on how to profit maximally from rake races and/or rake chases.
Keep an eye out for new offers and exploit the ones that suit you best to add that additional, variance-free money to your win rate!