Whenever any pot at a cash game is completed, the house takes a certain percentage of the total. This amount is called “rake” and it is the fee that all players must pay to play at a certain venue or club.
The amount of rake taken by the club is 5% of each pot
Example:
Players are playing in a 0.5/1 game. The pot is $10. Player A wins the hand at showdown. Player A receives $9.50, and the house receives $0.50. That $0.50 amount is the “rake.”
Prop players are entitled to receive a portion of the rake they pay according to the following calculations. This is called “Rakeback.” Rakeback is paid weekly, on Mondays.
Prop Players will recieve rakeback starting at 60%
Milestones to earn higher rakeback are as follows:
70% $1000+ in rake generated
80% $2000+ in rake generated
90% $3000+ in rake generated
For example if you generate $3000 in rake in a week you will recieve $2700 in rakeback!