11/12/2008 In Rakeback News

Poker players are always looking for an edge. Internet poker sites are always looking for ways to induce new players to join their online poker room as opposed to the many others that are out there. Some ways that online poker sites drum up business include free online poker play areas to get you started, poker bonuses, and the latest in online poker promotion, the rake back promotion.
Rake back is the idea of returning to the players a percentage of the amount taken out of every pot, called the rake. The World Sports Exchange has taken this idea to a new level, offering rake free poker through their World Poker Exchange online poker site.

How can the World Poker Exchange offer free online poker with no rake at all? They are able to do it because they are part of a larger operation, the World Sports Exchange, and derive tremendous revenue from their sports book operation. Hayden Ware, the founder of the World Sports Exchange, theorizes that the World Poker Exchange’s no rake poker, by offering the opportunity to play poker without a rake, will drive traffic to their site, generating more profits for their sports book operations.

How does it work? When you start playing at a poker table on the World Poker Exchange, you may get a little confused. You will in fact see a rake being dragged from each pot. However, you will see the amount of the rake be credited to your account every Monday. The site does this to show how much you would save playing at the World Poker Exchange as opposed to another Internet poker site that charges a typical rake, at the assumed rate of five percent up to a maximum of $3.

It is certain that the idea of playing poker at an Internet casino without any kind of rake will be of interest to poker players. All that remains to be seen is if it will be profitable. If no rake sites like the World Poker Exchange pull enough business from heavily trafficked online poker sites that do take rake, those other sites may find themselves forced to find other ways to make their online poker dollars. If this should happen, it is certain that all Internet poker players, be they amateur or professional, casual, once a week players or diehard’s who never miss a day at the virtual table, will benefit.