I think I can help everybody out here. I did a lot of things in January that go against
rakeback, so maybe this will help you guys understand how it works. I used my points to get a 50inch plasma, turned in ironman medals for a bonus and played in the ironman tourney. Here goes:
Gross Rake $4396.97
TV (523,455 pts X .005) - 2617.28
Ironman bonus - 100.00
Ironman tourney - 70.59
Net Rake $1609.10
Rakeback (Net X .27) $ 434.46
For the original poster, you said your jersey cost 25k in pts. So, say you did like $1000 in gross rake. Here's how it would work for you:
Gross Rake $1000.00
Jersey (25000 X .005) - 125.00
Net Rake $ 875.00
Rakeback (Net X .27) $ 236.25
I hope that helps.