Poll: Full Tilt Iron Man Challenge

[morning_rose]

Originally Posted by eggiewins I play at Full Tilt allthough I do not have rakeback there.. I think it is the greatest site. I hardly play at absolute poker where I have rakeback. Just don't like the software and the VIP program. It is very easy to qualify for the iron category. I play about 1.5-2 hours a day 4 tabling at 0.5-1nl and you make at least 200 points a day. Just too bad I signed up for Full Tilt before I made an account at this site. I mailed them and asked for the rakeback but they didn't give it. So the only way to get it is to cheat i guess.. or does anyone knows an other way?

I had the same problem as you and now I get rakeback on FTP. I did what you did and sent them an email asking for rakeback. They said no and I told them I would leave the site for UB (gross!) if they didnt give me rakeback. They said no again and I did leave for UB. It was the worst month of my life (UB can bite me...update your interface one time SIRS!!!), but at the end, FTP sent me an email offering rakeback for me to come back. I should add that I am a winning player who generates about $2K of rake per month ($500 rakeback). I find it hard to recommend another site besides FTP, and would urge you to try this strategy if you want to continue playing there and still get rakeback. The key is that you ACTUALLY need to LEAVE the site--not necessary to cash out, just DONT PLAY until they invite you back. I should add that this might not work if your play is not valuable to the site in terms of rake (total guess...more than 2000 FTPoints/month). You need not necessarily be a winning player, just play a decent amount where FTP is actually losing money because you left. Also, make it clear to them that you are leaving until they offer you rakeback.

[uofmichrn]

I unforunately joined rakeback after having joined Full tilt. I have rakeback on Ultimatebet. I feel full tilt really takes care of there members better than any. I have been in iron man challenge for 13 straight months. sometimes I take all medals and sometimes I take a combo of medals and freerolls. It is also nice on full tilt that in July this year they offered a mid year bonus and in december they offer an end of year bonus where you get a certain amount towards total bonus based on what levels you achieved thoughout the year. To bad I did not know about rakeback prior to joining full tilt. Man the software and look of fulltilt is about a thousand times better than ultimatebet, plus it takes forever to take advantage of bonus on ultimatebet because it accumulates so damn slow.

[QQ-Q u a d s-QQ]

i play 12 tables of .25/.50 and i qualified for iron man status. i think it is very worth it i made about 1300 in rakeback for the month just playn like 3 hours a day. not that difficult made over a thousand points a day on most days and a lil over 60000 points for the month. and had a very nice profit month playing the limit so if you could put in the hourse and multi table i think it is very worth it

[morning_rose]

do you really get 1300/month rakeback?
REALLY?
Last week I got about 250 and that was a BIG week...I played 72 hours of 8/16 some 10/20 and a little 15/30 (HORSE FL cash).
so...if you are exaggerating please admit it. I cant imagine 12x.25/.50 AKA $50NLfor 21hrs/week=1300 monthly, and anyway...dont you get paid weekly?
rosie

[QQ-Q u a d s-QQ]

Originally Posted by morning_rose do you really get 1300/month rakeback? REALLY? Last week I got about 250 and that was a BIG week...I played 72 hours of 8/16 some 10/20 and a little 15/30 (HORSE FL cash). so...if you are exaggerating please admit it. I cant imagine 12x.25/.50 AKA $50NLfor 21hrs/week=1300 monthly, and anyway...dont you get paid weekly? rosie

i am not exxagerating at all i average 350 a week in rakeback sometimes a lil less all you have to do is earn 1500 points a day in ftp points and you get 50 bucks a day. just put in the hours and u can make great money playing micros

[PaultheBigFinn]

I think is it obvious QQ isn't talking about Iron Man Medals. The Iron Man challenge is an interesting option, but not its not "rake back."

You get Iron Man Medals for playing at a certain level for a number of days per month. The level is determined by the Full tilt Points you earn which is based on the rake and fees. They don't make it easy to find the rake structure, but the calulator is here:

Online Poker at Full Tilt Poker - Real Money: Rake

It is basically 5% of the pot to a max of $3 for every pot you put money into. At low levels the rake is a killer, but at higher levels it is all but non existant. You also get 7 points for evey $1 in tournament fees.

In QQ's case with 12 tables at $0.25/$0.50 and I guess one would average 2 hands a round per table. At a full 9-man table at 1 minute per hand, lets call it 10 minutes per round or 24 raked hands every 10minutes or 144 raked hands per hour for 3 hours/day throw in some no flop no drops and call it 400 raked hands per day. IMHO that would be more like 500 points in lieu of the 1000 claimed, but still pretty impressive. That said lets give him the 1000 points per day.

Let's say QQ plays every day and gets 3 Iron Man Plus medals per day (500 FTP would be 2 medals per day) and the maximum 300 and 100 medals for 13 month Iron Man qualiing. Thats 490 Iron Man medals per month.

In the store a $75 token cost 400 medals or about $0.19 per medal making 490 medals worth $92/month. There is also the bonus evey 6 months where if you qualify in December you get $25 to $100/month you qualified depending on your level to work off as a bonus in January. QQ would get the full $600 there too. Call it $1,150 every six months. Not bad.

FT rake back is 27% so but only on your contribution so assuming you contribute 25% then each 1FTP is worh 1*.25*.27 or ~$0.07 so 1000 FTPs/day gets you ~$70/day or ~$2000/month. QQ could easily make the $1,300/month.

Sadly, I don't get rake back and I don't play near that much. I qualify for gold with little effort playing $30, 9 man, single table SNGs and $10 Heads up SNGs and some $0.25/$0.50 cash games. I have quallified for gold status (100 FTPs/day for 25 days) the last few months. $245 medals per month ($46) plus $450 in January bonus. Call it $725. As you can see the real value of the Iron Man is $25 to $100/month january bonus.

Even Silver (100 FTPs for 20 days) gets a January Bonus of $300 ($50*6) and Bronze (100 FTPs for 15 days or 50 FTPs for 20 days) gets you $$150.

In short, if you are going to play there is no reason not to take it, but if you are playing above your time and dollar level to qualify you are kidding yourself. Also Rack Back WAY better.

[PaultheBigFinn]

Rose,

If you play "72 hours of 8/16 some 10/20 and a little 15/30 (HORSE FL cash" and we assume 50 hands per hour (mid limits play slower) you play 3600 hands. Assuming an average of 1 pot with the full $3/per 10 hands (more no flop no drop hands but bigger pots) you'll get about 1080 FTPs. Assuming you put in ~1/2 of the rake (less players at higher levels) thats 1080*.5*.27~$140.

QQ is playing 10 tables at the same time, so his 3 hours/day is really 30 hours/day or 210/week. In short he is palying 3 times as much as you are and so he gets 3 times the rake back.