Hey Racer,

Adams away at the moment, but I manage the rakeback support team so I can help --

Starting on March 1st you'll be deducted for the cash value of the points that you spend. Each point is valued at $.01, thus you will be deducted $.01 for every point you spend, or $1 for every 100 points. Basically, going forward after the 1st, if you spend ANY points, they will be deducted from your MGR. Lets assume you want to buy a $215 ticket from their points store for 21,500. This means that you'll be deducted $.01 for every point, thus you'll receive a $215 MGR deduction.

However, its worth pointing out that while this does cut into the value of the points, they're still worth something as you're losing out on $215 x .30 = $64.50 in rakeback when you're deducted that $215, however, you do get a $215 ticket so there is still value to be had.

To calculate how much you'll be deducted, just take the total amount of the points you are spending and multiply it by .01.

Unfortunately points to cash will also be deducted at the same rate -- so if you're going to spend your points, you should definitely do so before March 1st.

Let me know if you have any additional questions!

Nick

 

Originally Posted by racer

Thanks for yolur help Nick!

a couple more questions:
just to be clear, I use my points to buy into tournaments (ie:not a ticket from the points store) like the Donkament which has a 10,000 point buy, so I assume that will affect my MGR/rakeback now is that correct?

also, what about Rake Races and such which are based on MGR? I am assuming that point expenditures will not affect your MGR in that respect, right? so could clarify a little bit further on that topic?

Is this change in process coming from White Labels team, or basically what was the reasoning for this change in the rakeback process?

Thanks so much again for your help Nick...I look forward to hearing from u soon.

Hey Racer,

If you used points in any way, to buy-in to a tournament, purchase a piece of merchandise, by a tournament ticket, etc - you'll be deducted at the same rate of $.01 per point spent. If you bought in to a 10,000 point tournament you would now be deducted $100. This means you would miss out on $30 in rakeback.

As for rake races -- point expenditures will currently affect your MGR in the rake race. The exact calculation for MGR is total rake minus deductions, and unfortunately spending points now counts as a deduction. So be sure to use your points strategically if you are in the running for a rake race payment as too many deductions could knock you down (or off) the leaderboard.

No deductions come from the affiliate - they are coming directly from UB/AP. As an affiliate we have no control over the deductions that the poker room assesses. They decided that they wanted to deduct point expenditures, so we just have to inform our players and move forward. We get all of our stats directly from the poker room, and the deductions are already assessed.

Hey Trips,

First you need to be sure that your HEM is updated and using the 'weighted contributed' method of calculation to determine the rake stat for FTP. Its also important to keep in mind that our FTP stats typically run about 2 days behind due to the way their reports are set up, so its possible that there is simply a delay thats causing the difference.

MGR is essentially your total rake minus any deductions you have accumulated -- Full Tilt will deduct for all of the following:

1. 100% of all bonuses are deducted on Full Tilt Poker. Every time bonus money hits your account, it is subtracted from your overall rake. However, it is always a good idea to take bonuses when they are offered, as you will end up making more money in the long run. For example, if you rake $100 in a month you would normally receive 27% of it back as rakeback payment, which equals $27. However, if you receive a $20 bonus your overall MGR will be deducted to $80. You then would receive 27% of the $80, which equals $21.60. While this is less than $27, when you factor in the $20 you received in rakeback you will have earned $41.60 in extra money on $100 contributed in rake.

2. All of the points you spend on Full Tilt Poker will result in a deduction from your MGR at the rate of $4 deducted per 1,000 points spent.

3. Every time you play in a tournament that has added money, or an ‘overlay’ the players will all evenly be deducted. For example, if there is a $10,000 Guaranteed tournament on Full Tilt Poker with a $10 buy-in and only 900 players sign up to play, Full Tilt is forced to contribute $1,000 to the prize pool. This $1,000 is then evenly deducted from the MGR of the participating players. $1,000 divided by 900 = $1.11 Therefore each player will face a deduction of $1.11from their MGR.

4. There are also cash out and deposit fees on Full Tilt Poker. Every time you deposit money you will generally be deducted between 3-10% of the deposit amount. Cash outs are relatively unknown, as the cost of a cash out varies depending on the processor used. We recommend using paper checks or bank wires, as they are believed to have a small set fee.

With regard to your account, my guess would be that you either had deposit or cashout fees deducted, or you played in a freeroll or tournament of some kind with an overlay/money added to the prizepool.

Do you receive your rakeback through P5's Rakeback? If so, you can pm me your FTP screen name / P5's Rakeback username and I'll look up your information and let you know if you have deductions and exactly what they might be.

Nick