Playing cash games at online casinos can drain one’s pockets, especially if you do not know how to properly manage your bankroll and you find yourself losing a lot of money. You will also drain your finances quickly if you do not know how to separate your money into two, fund for your cash games and fund for your day to day living. For this reason, you will need how to manage your bankroll the right way.
Let us say for example though that you are good at budgeting and have separated your two funds, but you are still losing money as you lose one cash game after another. What then can you do to at least minimize your losses?
Look for a rakeback bonus
To minimize your losses, you will need to look for online casinos that offer rakeback bonuses. Rakeback, in a nutshell, is simply a little or a small percentage of all the bets that you have placed during a certain period of time which will be returned back to you by the online casino. There are online casinos that give its players as much as 50% or more rakeback or cash back bonus to its players, so this means that if you have placed a total of $1,000 bets in a month, then you can expect at least 50% of it back in your account with the online casino. This may sound too good to be true, but there really are tons of online casinos that provide this bonus.
You should know though that the percentage of the rakeback as well as the duration depends on the online casino. There are those that offer as little as 10% rakeback, while there are also those that offer as high as 50%, as stated above. For this reason, you will need to do a little research in order to choose the online casino that offers the best rakeback deal.
Benefits of rakeback deals
There are two benefits that you will get to enjoy if you avail of the rakeback bonus. One is of course money back from all the bets that you placed. It will not even matter if you won or lost the game, but you will get to receive some cash back. Two is that you will also get to earn some poker points. After all, the more cash games that you play at an online casinos, then the more poker points that you will be receiving, which will give you better bonuses and promotions.