Raković played alongside Dušan Basta, Boško Janković, Dejan Milovanović, Dragan Mrđa and Nemanja Obrić in the class of 1984 in one of the best classes in the history of the Red Star Belgrade youth system.
Alongside MLS goalkeeper Milos Kočić, Raković signed a national letter of intent to St. John's University, New York City, United States, in May 2005.
In a game against Vietnamese Premier League team FC Mitsustar Raković scored a nice goal from 30 yards to tie the match 2-2.
In the winter of 2007 Raković transferred to Stony Brook University, Long Island, New York.
Following graduation from Stony Brook University majoring in economics and math, Raković signed for FK Rad with Milan Borjan, Andrija Kaluđerović, and Bojan Brnović.