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Some sites offer extra incentives to their players to play on their poker site. One of these incentives is called rakeback. Rakeback is when a player receives a % of the money he paid as rake to the poker site back. This is best illustrated with an example: If a player plays on Full Tilt Poker, he will receive 27% rakeback. If he pays $1000 rake in a month, he will receive $270 of this money back at the end of the month. This $270 is known as rakeback.
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