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

Rakeback Pros Negative Explaination

Reply to Thread
  1. thesendit thesendit is offline

    Tacoma, WA
    United States

    Posts: 18
    Joined: May 07

    Sep 30th, 2010 (9/30/2010 12:04pm)

     

    Why are my rakeback statistics negative?
    As rakeback is 27% of your net revenue, having a negative rakeback also means you have negative net revenue. A negative rakeback value will carry over to the next rakeback period(s). As long as your rakeback is a negative value you will not receive rakeback. You will need to generate enough revenue to bring this value back to a positive amount.

    Can someone break this down in english for a slow kid? I just can't seem to comprehend why my rakeback is -$...

    Am I folding too many hands? lol
  2. Adam Adam is offline Emperor

    Atlanta, GA
    United States

    Posts: 12,628
    Joined: Dec 04

    Sep 30th, 2010 (9/30/2010 6:42pm) in reply to thesendit

    Hi thesendit - It isn't because you are folding too many hands. The reason would be that certain things get deducted from your MGR (27% of which you receive as rakeback). These things include:

    -bonuses cleared - If you clear a $100 bonus, $100 comes out of your MGR. Only 27% of this or $27 would come out of your rakeback, but it still means there's a deduction.

    -Tournament overlays - If you play a tournament with a $1000 overlay that has 100 entrants, each entrant has $10 deducted from their MGR ($2.70 from rakeback)

    -FTP Points Used - For every point you spend, there's a $0.005 deduction from MGR ($0.00135 from rakeback)

    -Deposit/withdrawal fees - Fees incurred by FTP for deposits/withdrawals are passed on to your rakeback affiliate. So if you make a deposit that causes a $10 fee for FTP, $10 is charged against your MGR ($2.70 from rakeback)

    Best,
    Adam
     
  3. thesendit thesendit is offline

    Tacoma, WA
    United States

    Posts: 18
    Joined: May 07

    Oct 1st, 2010 (10/1/2010 5:53am) in reply to Adam

    thank you for clearing that up for me! i understand now.
    Thread Starter
Reply to Thread

Similar Threads