Play Sit N Go's for Rakeback
Most online poker rakeback deals come pre-equipped with tournament rakeback. Tournament rakeback is similar to your standard poker rakeback earnings, except that, without a rake, as is taken in cash games, the rakeback you earn is instead based on the fees paid to enter a tournament.
Tournaments come in all sizes, from massive multi-table tournaments (MTTs) with thousands of players, to as small as single-table sit’n’go tournaments (SNGs) with anywhere from 2 to 10 competitors maximum. Not every is as adept to winning MTT tournaments, due to the sheer size of the field and length of competition. For these players, it is instead recommended to play SNGs for rakeback.
Perhaps the most intriguing aspect of this rakeback strategy is that it is very similar to playing cash games for rakeback, but can be a lot less expensive, comparatively speaking. In the same token, the rakeback profits are predetermined by the entry fee, and will not increase no matter how long the tournament lasts, or how many chips you contribute throughout the SNG.
There are several things you should take into account when playing SNGs for rakeback. The first is how often you can prevail in an SNG. Secondly, do not enter tournaments that are too expensive for your bankroll size, just because the rakeback rewards are higher. Third, take note of the payout structure before you enter.
SNG Rakeback Strategy - Frequency of Wins
How often you are able to cash in an SNG is extremely important to the effectiveness of an SNG rakeback strategy. Most single-table SNGs will pay 1/3rd of the field, so you need to be able to reach the top positions more often than not. If you are losing money overall, it is not worth the rakeback you are clearing to continue.
If you experience difficulty cashing in single table sit’n’gos, try lowering the stakes. The cheaper it is to enter, the looser you can expect the competition to be, hence the easier it becomes to finish in the money.
SNG Rakeback Strategy – Bankroll Management
Be very careful about how much you are spending to enter an SNG tournament. The price tag should never exceed 1/10th of your total bankroll. You can’t expect to win every SNG tournament you enter, so you’ll need to be able to buy-in to another tournament should you fail to cash. Your rakeback earnings will help to minimize losses, and boost your profits, but rakeback alone will not keep you running without proper bankroll management.
SNG Rakeback Strategy – Prize Pool Structure
Be sure you know exactly how the prize pool is divvied up between the finalists. Some SNGs are labeled “winner takes all”, which is great for the winner, but it’s going to be a lot more difficult to claim that prize. Most single-table SNGs will spread the prize pool over the top three finishers, with the 1st place winner claiming a little more than half of the overall prize pool, the 3rd place finisher pocketing little more than he/she paid to enter, and the 2nd place finisher somewhere in between.
A spread payout structure is recommended to accompany an SNG rakeback strategy. It gives players a 1-in-3 chance of at least reclaiming their entry cost, with a small profit off the top, plus rakeback earnings added to it.
