what to do with all these FT points?

[famke7]

if cashing in for an item means i am losing rakeback, then i am just basically buying the item, right? what is the best way of getting rid of these points without it counting (as badly) against my rakeback? if i use them to buyin to a SNG or tourney, does it still count against my rakeback?

[frob23]

Using the points is still using the points. If you use them to buy into a tournament, you will be "spending" them and you'll see it reflected in your rake.

As another player recently found out, that penalty could be even higher when there is a guarantee of some sort. He spent $25 worth of FTP and thanks to a limited number of entrants, had a hit of over $125 to his rakeback.

For most things, this should be an issue. I don't have Full Tilt rakeback myself so I don't know the specifics. But I read just about everything on the forums and this has come up a bunch of times.

[dew12109]

I don't know if I'll use my FTP's anytime soon. I mean, now that I'm actually generating a bit of rake and everything, FTP's seem like they aren't worth anything to me. Some day I might sit down and figure out where you can get the most value out of them, but right now, it just seems like they will just build in my account indefinitely.

[deathcard71]

Originally Posted by dew12109 I don't know if I'll use my FTP's anytime soon. I mean, now that I'm actually generating a bit of rake and everything, FTP's seem like they aren't worth anything to me. Some day I might sit down and figure out where you can get the most value out of them, but right now, it just seems like they will just build in my account indefinitely.

total scam, imo. they should tell you all the hidden fee's before you sign up.

basically your not getting anything if they are charging you when you spend points, register in a guarantee tournament with an overlay, withdraw money...
what else do they take out of our rackback?

such a scam!

[tony]

Hello everyone.

Here is the list of all deductions which are made by Full Tilt from your gross rake to get net rake on which rakeback is based:

Bonus: Any bonuses released to your Full Tilt account.

Player Added: Money added by Full Tilt to tournament prize money. For example, if there is a $10,000 guaranteed tournament and Full Tilt only gets enough buy-ins for $9,000, they split the remaining $1,000 by the players in the tournament.

Used Points: Full Tilt Points used on the site or in the store are deducted at a rate of $0.005 per point.

Player Fees: Transaction fees when players deposit or withdraw money to/from the site.

Fraud: Credit chargebacks etc.

T$ Commission: Some extra money is credited towards your rakeback when converting T$ (tournament dollars) to real $.

You can see this information in Your Rake Tracking, click Full Tilt from the list of your poker rooms and you will be able to see the detailed info about your Full Tilt rakeback deal.

[deathcard71]

Originally Posted by tony Hello everyone. Here is the list of all deductions which are made by Full Tilt from your gross rake to get net rake on which rakeback is based: Bonus: Any bonuses released to your Full Tilt account. Player Added: Money added by Full Tilt to tournament prize money. For example, if there is a $10,000 guaranteed tournament and Full Tilt only gets enough buy-ins for $9,000, they split the remaining $1,000 by the players in the tournament. Used Points: Full Tilt Points used on the site or in the store are deducted at a rate of $0.005 per point. Player Fees: Transaction fees when players deposit or withdraw money to/from the site. Fraud: Credit chargebacks etc. T$ Commission: Some extra money is credited towards your rakeback when converting T$ (tournament dollars) to real $. You can see this information in Your Rake Tracking, click Full Tilt from the list of your poker rooms and you will be able to see the detailed info about your Full Tilt rakeback deal.

thx tony, do you/anyone know how much they charge to withdraw and/or deposit? I'm wondering if it's a flat fee or percentage.

[tony]

Full Tilt does not disclose their deposit/withdrawal fees to rakeback.com, on the basis that their contracts with various payment processors are private information.

Please contact cashier@fulltiltpoker.com directly about any questions relating to processing fees.

[allthatremains]

Full Tilt Points are valued at $.005 each (1/2 of one cent each).

I play the 1800 FTP 9 player sit & goes. Top 3 get a $24+2 token.

I then use the $26. token to play in the $750,000 guaranteed satellite. The top 11% or so receive a $215. buy-in. I unregister from this for the $215 tourney $.

I have $645. tourney $ from these ( 3 wins ) and now I have a choice to convert to actual $ for a 5% fee or play some MTT's or SNG's.

I think that long term I can win 1/2 of the SNG's (top 3 is a win) and win 1/4 of the satellites ( top 11% is a win ).

So for every 8 times I go through this cycle I expect to have $215 tourney $. 8 times 1800 FTP = 14,400 used. $215. divided by 14,400 FTP = $.0149 ( almost 1 1/2 cents).

In the end I have tripled the "value" of my points, I have converted them to cash, and I only lost rakeback on the original value.

[deathcard71]

Originally Posted by allthatremains Full Tilt Points are valued at $.005 each (1/2 of one cent each). I play the 1800 FTP 9 player sit & goes. Top 3 get a $24+2 token. I then use the $26. token to play in the $750,000 guaranteed satellite. The top 11% or so receive a $215. buy-in. I unregister from this for the $215 tourney $. I have $645. tourney $ from these ( 3 wins ) and now I have a choice to convert to actual $ for a 5% fee or play some MTT's or SNG's. I think that long term I can win 1/2 of the SNG's (top 3 is a win) and win 1/4 of the satellites ( top 11% is a win ). So for every 8 times I go through this cycle I expect to have $215 tourney $. 8 times 1800 FTP = 14,400 used. $215. divided by 14,400 FTP = $.0149 ( almost 1 1/2 cents). In the end I have tripled the "value" of my points, I have converted them to cash, and I only lost rakeback on the original value.

nice post. i looked for them but couldn't find. I'm assuming the 1800 point tourney is 9 handed and top 3 get ticket.
i could probably cash 40% and the $750,000 paying top 11% i could probably cash 20% on average. my skills are only slightly above average.

if i figured it correctly, i came up with $.009555.... using these numbers. i don't have many points atm. just started playing on FTP.
i thought they were completely worthless but your post shows that you can actually get some value out of them. thx

[catch016]

If you need an item in the Full Tilt Store such as a plasma TV using the Full Tilt points is definitely worth it. Getting an $1800 50 inch plasma for 27% is a hell of a deal in my book.

[deathcard71]

Originally Posted by catch016 If you need an item in the Full Tilt Store such as a plasma TV using the Full Tilt points is definitely worth it. Getting an $1800 50 inch plasma for 27% is a hell of a deal in my book.

spending 375,000 points will give you -$1875 in rackback.

is this correct? 375000 x .005 = $1875?


not 100% sure what i will do with my points but i like allthatremains plan.

[catch016]

No, it works like this:

375,000 x .005 = $1875
$1875 x 27% = $506.25

[ProtekYoNuts]

Hey famke7 there are certian mtts that they let you use your points and it doesnt hit your rakeback like... mini ftops the msop that has 1 tourney left the main event is on sunday. They also let you use your points in the double duece tourney on sunday its a 22 nl tourney with a 200k gar. but most of the time they dont meet their garuantee so that will hit your rakeback but only a couple of bucks against gross rake.

[famke7]

are you sure protek? from what it sounds like any FT points i use, i am going to get burned for it. i don't have many, perhaps 10k, but seems like a waste if i cant use them. i will give those a shot and see what happens though, thanks. can anyone confirm if there are more things that i can use my FT points for and won't get burned? how high of a buying can i get into before it counts against me?

[ProtekYoNuts]

Yes famke the double duece tourney is on sunday at 16 22 est its 22 nl tourney it cost 4400 points and using those points wont hit ur rakeback but if they dont get the 200k garuantee that will hit ur rakeback just a little and if you hold on to them and wait till september for the mini ftops u can use ur points there and it wont hit ur rakeback at all ive done it and im thinking about taking my medals turning them into ftpoints and then using the points for the tournament im talking about. Good Luck.

[RAW_FORCE]

There is also a market for the sale of FTPs on the 2+2 forums. They sell for $3.5/1000 and you lose $1.35/1000 in rakeback, essentially netting you $2.15 for every thousand FTPs you have.

To compare it with the previous example of purchasing a plasma TV for 375k points you would have the choice to pay $506.25 and have a TV OR to get paid $806.25 free and clear. Thus the opportunity cost of purchasing the TV is $1,312.50. I strongly advocate selling FTP as the best option. There are plenty of nice TVs out there for $806.25 and less

[dew12109]

I kept doing this calculation because I wanted to see how people were able to profit from selling them for 3.5/1,000 and I kept coming up with $5 costs, so a $1.5 net loss. Lol, I forgot to figure in the 27% rakeback amount lol. Woops.