Full Tilt Points vs. Rakeback

[-Syre-]

Wow. I suppose I was unaware that if you actually use the FullTilt Points you lose rakeback??? Well that blows cause I used a whole lot of my points trying to go through satellites for bigger tournaments...

[Kaizoku]

Originally Posted by Andyadj23 Is it me being silly, or am I right in thinking if you buy an item for say, 10,000 points, meaning 10,000x0.005=$50, doesnt that just come out of your gross rake, meaning you're actually only losing 27% of that $50, ie $13.50??

Pretty sure this is right... So for the 500$ camcorder.. it would of course just be 125 or so instead... so its actually worth it.

[lakedweller]

Could I get a moderator's answer to this? I realize it will not be until Monday.

Thanks in advance.

[Boilermaker]

hey lakedweller, have you ever checked out the full tilt forum? there is a section on it where ppl are getting .005 cents a point from other players wanting merchandise. in otherwords,
joe wants a jersy for 10000 points, cindy has the point and is willing to order the jersy for joe but joe has to let a third party hold the funds until it arrives. pretty cool thing they have going, but you will be deducted that amount from ur rake so makes it kinda iffy.
I have several thousand FTP's but only play low stakes and dont't earn much Full Tilt rake with all there deductions (especially the darn Player Added fees that occur even when I haven't played for months, keep me in negative), So it wouldn't hurt me to sell or use my points.

[tony]

Hi Andyadj23,

Is it me being silly, or am I right in thinking if you buy an item for say, 10,000 points, meaning 10,000x0.005=$50, doesnt that just come out of your gross rake, meaning you're actually only losing 27% of that $50, ie $13.50??

This is correct.

[lakedweller]

Thanks for that clarification. Based on several of the comments, I think most of us did not understand the process. Now I see that using the points is actually worthwhile.