|Party Poker Information||Rating||10/10|
|Poker Site||Party Poker||Player Level||10|
|Rakeback/Bonus||5-50% / $500|
Rakeback Equivalent through a Sign up Bonus
PartyPoker offers an excellent rakeback equivalent for all players who play in its poker room. Customers who register an account at PartyPoker, automatically receive a very generous welcome bonus of up to $500 which will match their initial deposit by 100%.
The wagering requirements are very low and effectively the welcome bonus is just the first in the rakeback equivalents given to all new players to boost their bankrolls at PartyPoker. The value of the initial bonus is equal to 33% discount on the rake!
What is Rake?
Players will see many poker rooms advertising direct rakeback schemes with offers of big cash percentages offered regularly to customers as an incentive to sign up a new account. Rake is merely a poker term used to describe the money that the poker room is obliged to take from each player for every hand played in a cash game or the tournament fee.
Poker players compete against one another and not against the house as they do in Casino, Sportsbetting or Bingo so the poker room needs to make money from somewhere to keep the business running. Poker rooms try to compete for players by offering to give some of their cut back to their customers if they are loyal over a period of time calling this rebate rakeback.
Palladium Rewards offer Rakeback Equivalent
At PartyPoker a recently improved reward scheme called the Palladium Rewards Program gives rewards to players that far exceed direct rakeback paid by most other poker rooms. When players take part in real money games and tournaments they receive 2 PartyPoints for every dollar of rake or tournament fee paid.
The points are tallied whenever a player leaves a game and it is these points that determine the key level that a player gets to in the Palladium Program. When a player accumulates sufficient points to reach a particular level then the PartyPoints serve to unlock the key and all the benefits become accessible to the player in the form of extra bonuses, cashback and goods redeemable for PartyPoints at the Points store.
Players must use their accumulated PartyPoints to buy the rewards and it is evident that it is far more lucrative to buy extra bonuses than to buy cash back especially at the higher end of the Palladium Rewards scale. The extra bonuses can be used to play in poker tournaments and ring games so they are a very valuable rakeback equivalent.