Check out our brand new Local Poker Communities! Get updates and interact with poker players in your area.
Visit the United States Poker Community | Visit the California Poker Community | Read more about the Launch of P5s Local

Negative rakeback???

Reply to Thread
  1. damnstraight damnstraight is offline

    Ottawa
    Canada

    Posts: 684
    Joined: Jun 08

    Nov 30th, 2009 (11/30/2009 12:33am)

    When I checked my rakeback account the other day it was showing that I was slightly in the negatives and today it is pushing back towards zero. How can i owe them money? Is there something i am missing or this a clerical error?
  2. J_BOYZZ J_BOYZZ is offline

    Canada

    Posts: 1,403
    Joined: Aug 05

    Nov 30th, 2009 (11/30/2009 12:37am) in reply to damnstraight

    gets deducted if u spend points
  3. Automatic Loser Automatic Loser is offline

    Phillipsburg, NJ
    United States

    Posts: 146
    Joined: May 09

    Nov 30th, 2009 (11/30/2009 12:45am) in reply to damnstraight

    http://www.pocketfives.com/poker-forums/2048/negative-<a href='http://rakeback.pocketfives.com' target='blank'>rakeback-4856770/p/4882424</a>
  4. Adam Adam is offline Emperor

    Atlanta, GA
    United States

    Posts: 12,628
    Joined: Dec 04

    Nov 30th, 2009 (11/30/2009 8:13am) in reply to damnstraight

    You don't actually owe money, just to make sure it's clear....nothing will ever get taken away from your account or anything like that. There are a number of things that get deducted from your rake before rakeback gets calculated. On Full Tilt, for instance, the following are deducted:

    1) Fees for deposits and withdrawals

    2) Tournament overlays/freerolls

    3) Bonuses cleared

    4) FTP Points spent ($5 per 1,000 points spent)

    On Ultimate Bet and Absolute Poker, 10% is deducted from your MGR for all deposits, and bonus dollars are also deducted from MGR.

    Keep in mind that for all of this stuff, you're only having your % (27% on FTP, 30% on UB/AP) of these charges deducted from your earnings.

    Hopefully this will clear things up!

    --Adam
     
  5. damnstraight damnstraight is offline

    Ottawa
    Canada

    Posts: 684
    Joined: Jun 08

    Nov 30th, 2009 (11/30/2009 8:27pm) in reply to Adam

     
    Originally Posted by Adam View Post


    You don't actually owe money, just to make sure it's clear....nothing will ever get taken away from your account or anything like that. There are a number of things that get deducted from your rake before <a href='http://rakeback.pocketfives.com' target='blank'>rakeback</a> gets calculated. On Full Tilt, for instance, the following are deducted:

    1) Fees for deposits and withdrawals

    2) Tournament overlays/freerolls

    3) Bonuses cleared

    4) FTP Points spent ($5 per 1,000 points spent)

    On Ultimate Bet and Absolute Poker, 10% is deducted from your MGR for all deposits, and bonus dollars are also deducted from MGR.

    Keep in mind that for all of this stuff, you're only having your % (27% on FTP, 30% on UB/AP) of these charges deducted from your earnings.

    Hopefully this will clear things up!

    --Adam

    Thanks Adam, figured it must have been connected to my bonus somehow.
    Thread Starter
  6. Ozzie Ozzie is offline

    Joliet, IL
    United States

    Posts: 5,804
    Joined: Feb 07

    Dec 5th, 2009 (12/5/2009 1:15pm) in reply to Adam

    adam can you elaborate on fees for deposits/withdrawals on ftp? thanks.
  7. Adam Adam is offline Emperor

    Atlanta, GA
    United States

    Posts: 12,628
    Joined: Dec 04

    Dec 5th, 2009 (12/5/2009 1:40pm) in reply to Ozzie

     
    Originally Posted by Ozzie View Post

    adam can you elaborate on fees for deposits/withdrawals on ftp? thanks.

    Hi Ozzie - unfortunately it's hard to really elaborate because this information is generally kept secret by Full Tilt and changes too frequently for us to really keep track. We're under the impression that withdrawing via paper check costs about $15-20 against your MGR, whereas cashing out or depositing via e-checks/e-wallets tends to cost around 3-10% of the amount of deposit/withdrawal. I wish we had more info, but there's really just no way to put together a detailed, comprehensive list of the costs.

    --Adam
     
Reply to Thread

Similar Threads