27% RakeBack at Full Tilt...
 

ended up getting pretty messy, with Full Tilt's affiliate department going back and forth about if existing players would be eligible for rakeback or not (they no longer are), so I'm killing that thread and starting this new one.

Here is a summary of the good stuff, with up to date information:

-----
The maximum rakeback allows affiliates to give is 27%, which is exactly what I will be giving you.

If you don't already have a Full Tilt account:

1. Use to download Full Tilt Poker and create a new account.

2. Once you have set up your new account, PM me with your Full Tilt Player ID. I'll confirm that you are being tracked to me, and that's all there is to it!

Then all you need to do is play (the more the better!), and I will transfer 27% of the rake you generate* back into your player account after Full Tilt pays me. This is usually done on or around the 15th of the following month. Please note that you need to earn at least $5 of rake back in a given month, as $5 is the minimum amount Full Tilt will allow me to transfer to you.

*Please note that things like "Player Fees" (for deposits and withdraws, I assume), "Bonuses Earned," and even "Used Points" are deducted from your TOTAL rake generated, before the 27% is calculated. I am not 100% certain on this, but it appears that Full Tilt values player points at 200 points per $1, so if you were to spend 3600 points on a flexfit cap, for example, your gross rake would drop $18, which would cause the rakeback you receive from to decrease $4.86.

Payments for October's play have been completed (transferred directly into your Full Tilt accounts). If anyone has a question about the amount of money I transferred them, shoot me a PM and I'll send you the breakdown. By now, you guys know that you can trust me, so hopefully I won't get tons of requests, but I don't mind breaking it down for you, especially for this first month.

TY sir!

got the RB TP, I PMed you because all of a sudden the money appeared in my account and I wasn't sure what it was for, hence the question....

Thanks.

how long is this rakeback thing gonna last? is this like somethin that u'll only offer for like a month, and whoever gets it gets it, or its gonna be here for a while?

Why would I only offer this for a month? :confused:

As far as I'm concerned, this is forever, but obviously there are a lot of things out of my control, like Full Tilt staying open for business for starters. But no, this is not a "temporary" deal.

i think u got my question confused, mabye i didnt ask it the right way, i meant is there a deadline for ppl singing up for it

No.

k nvm then:o

Payments for November's play have been completed (transferred directly into your Full Tilt accounts).

YOU

ARE

DA

MAN!!

:cheers: :cheers: :cheers:

If I didn't see any come in, that's because I'm still clearing my first deposit bonus with them, right?

I honestly don't remember seeing your name in my reports. Let me double check right now.

Yeah, I don't even see your name. Are you MathBabe? Did you sign up through my link? Did I confirm that you were being tracked to me? I can't seem to find any of this right now after a quick look through my PMs...

Edit: Upon further review, I found the PMs, and this was an error/oversight on my part. I do indeed owe you money, and I apologize for somehow missing this. I'll figure out the numbers tomorrow and transfer you what I owe you. Again, my apologies.

plz ban

Got the money - thanks!

I would have made it a lot easier on you if I'd actually signed up as MathBabe. Sorry about that, I'm glad I asked.

December's Rake Back payments have been completed. If you didn't get a transfer and think you should have, or if you'd like to see a detailed breakdown of how your RB was calculated, feel free to PM me with your Full Tilt screen name and I'll get back to you ASAP.

Also, as a reminder, when you use points to purchase things from Full Tilt's store, the "value" of the item(s) you purchase comes off of your total Rake. I believe that Full Tilt values points at 200 points per $1, so if you spend 25,000 points on a jersey, that would reduce your total rake by 25,000/200 = $125, which would reduce your RB payment by $125 * .27 = $33.75.

That's pretty standard, but one thing you may not know is that every time you use the Cashier to Deposit or Withdraw funds to/from your account, you incur what are known as "Player Fees," which also come off the top of your Total Rake generated. These are typically not significant, but sometimes they can be. One player (I PM'd him) actually had $162 in Player Fees in December, for example, costing him about $44 in RB. This was only a small fraction of what he earned for the month, but still.

Anyway, I have no idea how these fees are calculated, or if they are on a per transaction or % basis, but be aware that if you are cashing out a lot, this will also reduce your RB. Rather than cash out 5 times per week, you may want to cash out just once every couple of weeks.

$506!!!! bang bang bang bang bang bang bang bang

:eek: :eek: :eek:

:cheers:

Don't you just LOVE IT when the number is higher than you expected??? :cheers:

Cashouts dont count against MGR, only deposits.

I just did some research and it seems you may be right. It looks like FT charges a % of the deposit amount, which can obviously add up to be a lot for big players... and the % varies based on the deposit method. I don't have a specific breakdown.

Moral of the story: Try not to cash out too much when you do, because redepositing (if you go broke) will affect your Total Rake.

Odd
 

If I were FullTilt, I would do the opposite. From a business perspective, sites should do everything in their power to encourage players to put money in, and discourage taking money out. You'd think they'd eat the fees/MGR for deposits, and make it up on the other end.

Then again, there are probably a lot more deposits than withdrawls .... :rolleyes:

BALLIN

I don't even want to know how much I've lost doing this process over and over again.

I think I've done this at least five times.

LMFAO, ditto, except the 10k part is more along 5k for myself.

I think I might jump on this rakeback bandwagon in February...if I can find some damn spare time.

January's rakeback payments have been completed. As always, if you have a question or would like to see the exact breakdown of how your RB was calculated, just shoot me a PM.

Also, for Full Tilt player "Without Help" (I forget who that is here), please PM me. Your transfer was declined. The reason given was this:

My whole $8 worth of rakeback :thumbsup:
Hopefully, I'll have some extra time later this month to get a higher # for February.

FullTilt signup
 

The sticky is closed so I cant post there.

I am signing up tonight so I can rail your cash game later on. I will be depositing soon, as I just got my checks from Stars and Bodog, and will wait until I am 100% sure they have cleared the bank.

1. Anyway, TP, do I need to put a bonus code in the bonus code box when creating an account (to be able to get 100% bonus)? I dont think I do, but want to make sure. I used your link (obv.) so I should be linked to you when I finish. I will PM you details.
2. Also, I think my debit card may work for depositing (I remember Kurn saying his worked). I have a bank of america debit card (a huge bank), so i dont know if that if will work for or against me. Anyone deposit using a debit card lately?
3. How long is the bonus gonna take me to clear at like .50/1 & 1/2 LHE?
I am thinking its gonna be a bear to get this done. Does the bonus expire? I sure as hell hope not.

Thanks

I'll be watching the shark tank tonight.:p

I'll merge this thread with that one in a sec. Last month's payments should be going out tomorrow - just waiting on one last report to roll in.

As for your questions:

1. You shouldn't NEED to put in a bonus code, but if you put in TPF you'll definitely be good to go.

2. I have no input for #2.

3. I think it will go faster than you think. It clears in chunks, which is nice - you don't HAVE to clear the whole thing. I believe there is a time limit, but I'm not sure how long it is. I think it's at least 90 days... I also think it will clear much faster than you think, even at those limits. Well..... I guess it depends on how much the average rake is at those limits. Let us know after you've played for a few days.

So, where's the moolah for this month TP?

Q:

A:

February's rakeback payments have been completed. As always, if you have a question or would like to see the exact breakdown of how your RB was calculated, just shoot me a PM.

danks dawg

And thanks to some lovely coolers and suck outs my rakeback is gone. *poof* :mad:

March Monies have been shipped, first class.

Jillaj, GeoffM, and Robbr - you punks each owe me money!!! Just kidding, but still... you guys are killing me here. :rolleyes:

If I had a way to put money in there I would, lol.

Well, apparently you have a way to cost me money.... :rolleyes:

My first RB payment
 

cool beans! Thanks TP. I had to go back to the fine print to figure out how it's calculated, but it's definitely a nice bonus.

I heard bank of america debit cards do work.also wells fargo:cool:

April RB :twocents:s = Shipped

:cheers:

The month before cost me lots. I got you back in April though and will be playin a lot more starting in June.

Last month, I was $15 in the hole from you, so I took that off what I owed you for this month. If it was only a couple of bucks, I wouldn't have bothered.

I think I dropped a little over 25K player points at the store this month and I am not playing for shit. Assuming my rake generated is less than the equivalent $ value for the points spent, will that 'negative value' carry over to the next month and be reduced from that rakeback?

OK is this for real? There is some combination of action/inaction that can wind up having the rakeback come in as a negative amount - and you have to pay that back to FT?

Do you know what causes this so I can avoid it? I didn't play much in April, as you can probably tell from the RB amount, but I certainly don't want you to wind up in the hole if I take a month off or something.

If it's a very small amount, no worries - I'll just eat it. But if it's a significant amount, then yeah, I'd carry it to the next month... It would be bad business for me to cover those costs entirely out of my pocket, ya know?

Yes, this is for real, and yes, Full Tilt reduces the amount of money they pay me when people are negative. In other words, if they owe me me $1000 for pshabi and melioris shows up as a $50 loss, they pay me a total of $950. It happens all the time, but it's usually small amounts, so I don't worry about it. There are also usually a couple of people who earn less than the $5 minimum per month, so I figure it's usually a wash in the end.

And yes, it is completely under each player's control. Your RB is calculated as follows:

Player Rake + Player Juice - Player Bonus - Player Added - Used Points - Player Fees = Total. This Total is then multiplied by 27%, which gives us your rakeback number.

So, to maximize the amount of rake you get, you want to make the first two numbers (cash game rake and tourney juice) as high as possible and minimize the deductions, which are:

Player Bonus - Bonuses are good for you in the long run but come off of your rakeback, which makes sense. In other words, if you earn a $100 bonus, this will reduce your RB by $27, but in order to earn that $100 bonus, you surely generated way more than $27 in rake anyway.

Player Added - I'm honestly not sure what this is. I think deposits go under Player Fees, and this is usually $0 for most people. Maybe this is like if you win a freeroll or something like that. FWIW, yours, de-coder, was 21 cents in April. Does that number ring a bell? shabi had a very high number here this month.

Used Points - I believe I once calculated that they value points at 200 points = $1. So a 3600 point hat, for example, is going to cost you 3600/200 = $18 * .27 = $4.86. melioris' 25k shopping spree should cost him $33.75.

Player Fees - I think this is where they put the fees for when you deposit.... or maybe it's only for when you withdraw. I'm not sure. sjay had a huge number in here this month (it wiped out all of his RB), so maybe he can tell us.

I think that's it. Make sense?

So if I used players points to enter tourneys that would be negative, I would assume.
That is probably why I was negative the one month.
No worries though, I don't have many FTPs left.

It's probably just registering for a freeroll. I qualified for the Ironman, which is a decent amount of equity. I registered but wasn't home to play and cost myself some loot. Lame. I haven't made a deposit or bought anything in the store in ages.

I'll bet that's it. Rather than charge people for the prizes they earn, they just charge you for your equity in the freeroll. So, for example, today's Iron Man tourney has $30k of prize money and 234 entrants. That's $128.20 of equity per player, which is going to come off of their MGR (the total rake number before the 27%). That means this freeroll is really costing me $34.61 of real money to play in. Still a good deal...

I played in a 50 point freeroll last month - that's all I can think of though.

That sounds about right. I would have expected it to be 25 cents (if 200 points = $1), but close enough.