Hello everyone! If I am asking a question you've heard a million times, please do forgive me! I guess I am a little confused about Google's updating.

Not that long ago, one would only see googlebot crawl their site like once a month or so when they would update. However, I know they crawl my site nearly every day now so I had ASSumed that this means they were updating every day.

Am I wrong? The reason I am asking is for instance I recently received a link from a high ranking PR site and when I do a link popularity check on my site, it is not yet showing that particular link, so it made me think that perhaps the update still is not done but once per month even if they crawl your site every day?

Thanks everyone! I DO appreciate all of your wisdom and help.

Wynter
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I don't think anybody will be able to provide you with a good answer for this right now. Google's been going through some major changes, and nobody's quite fathomed it all out yet.

The way it used to work was that big sites would get the Freshbot visiting regularly and updating their listing, and then the whole database would be updated based on the actual Googlebot once a month.

Even if you are being spidered every day the site which linked to you might not be (although if it's a high pagerank it's unlikely). I think the Freshbot is used more to pick up new terms (such as the Sobig virus for example) and to update content searchability, rather than backlinks and pageranks.