WTF poker million

[phosphorescence]

i can't believe how much i just got raped by the poker million scam.

it's a 5000FTP tourney to enter, so i figured i'd get -$25 gross rake, or -$6.75 rakeback. whatevs, no biggie.

but no, they decided that because the winner gets a $22k package, everyone in the tourney gets -$126 gross rake under the 'player added' deduction (22k spread out with the 174 runners)

nice scam full tilt. hope you guys don't fall for the same shit that i did. they're running another one in late july, so be aware of this if you decide to join.

[frob23]

I swear this issue with Full Tilt has come up before. Whenever they have a guarantee tournament and the buy-ins don't cover the guarantee, the difference is shared by all the people in the tournament. In this case it looks like you were going to get hit with at least $25... for the points... plus whatever the difference was with the number of people that signed up.

This happens with freerolls too. But yeah, it's not fair and it sucks.

[travz21]

It's explained clearly in the deduction section. If a guaranteed prizepool doesn't get enough players, the money Full Tilt is shorted is divided evenly amongst the field and then deducted from rakeback. Add that to your FT points deduction and there you go. I don't see why you think it's a scam. If it's in the rules, it's obv fair.

[deathcard71]

If it's in the rules, it's obv fair.

LOLOLOL, that's the funniest statement i have read this week, possibly this year.


yes, its very fair... for fulltilt.

[C8H10N4O2]

LOLOLOL, that's the funniest statement i have read this week, possibly this year.


yes, its very fair... for fulltilt.

It's right there in the rules stated when people sign up for rakeback, obviously fair. If people don't want to agree with the terms, they are free to not sign up for a rakeback deal with FTP.
http://www.rakeback.com/full-tilt-poker/rakeback/

Detailed Full Tilt Poker Rakeback Information
Rake Updates Daily raketracking/">Rake Tracking will be available once you have created your Full Tilt Poker rake back account.

Rakeback Payment Full Tilt rakeback is paid once a week. The rakeback week runs from Tuesday to Monday, and payments are made on following Friday. An automatic email is sent to you from cashier@fulltiltpoker.com once FullTilt rake back has been transferred from our Username rakebackpayment.

Tournament Fees Tournament fees are included in FullTilt Poker rakeback.

Bonus Deductions Any awarded bonus is first deducted from your rake before FullTilt rakeback is calculated.

Rake Contribution Rake contribution for Full Tilt rakeback is calculated using the Dealt method as follows:

Amount of rake / number of players who were dealt cards = rake taken from each player.

So in terms of Full Tilt rake back, if it's a 10 handed game and the rake for the pot is $3, each player is eligible for 30 cents for that pot.
Important Info According to Full Tilt Terms and Conditions, a player must have a real money balance of $10 or over within 60 days of creating the account, or otherwise the player is not considered a real money player and is removed from our Full Tilt rakeback tracker.

[deathcard71]

It's right there in the rules stated when people sign up for rakeback, obviously fair. If people don't want to agree with the terms, they are free to not sign up for a rakeback deal with FTP.
http://www.rakeback.com/full-tilt-poker/rakeback/

still don't see it, dew. but your missing the point of my post. just because something is in the fine print doesn't make it fair.
rules/laws are written to benefit one over another.

overall, I'm still happy to have rackback but with all the deductions it's not as big of a deal as i expected.

[C8H10N4O2]

Woops... wrong page. I've seen it somewhere. I'm on two hours of sleep right now.

My point is you can't claim something isn't fair if you agree to it when you sign up. That's all I was trying to say. Trust me, I get your point, but if you've agreed to it when you sign up, you can't really complain, but maybe it's not blatantly obvious when you sign up.

However, if you don't spend those points very much, rakeback helps out a lot more than those points do. Like I said, I just won't be spending my points for a while, if ever... it's not like the points are even that beneficial. Strictly in terms of points on the tournament dollar... 7 points for each $1 paid in rake, 57,000 points for a $250 ipod = $8,142.85 spent in rake. If you exclusively play during happy hour, you've reduced the amount you have to pay to $4,071.43, so most people will be somewhere inbetween these two numbers. Getting $1099.28-$2,198.57 back in rakeback sounds a helluva lot better than getting a $250 ipod imo.

Edit: All the details of your rakeback deal are in the rake tracking page for the individual room. It has all the details explicitly stated there.

[liladypokerpro]

Is this what you were looking for?

Sit-and-go & multi-table tournament fees are considered to be rake, and therefore included in rakeback unless stated otherwise.

Please check the Tournament Fees field within the detailed rakeback information of a room's rakeback page on our website to find out if the room supports rakeback from tournaments. Rakeback pages can be reached from the poker rakeback listing.

http://www.rakeback.com/support/inde...eid=37&nav=0,6

Most poker rooms make a bonus deduction to your rake before rakeback is calculated.

Remember that rakeback is a refund of the profit that you generate to the poker room operator as rake. So if a poker room pays you a bonus, the bonus is first deducted from your total rake (poker room profit) before your rakeback refund is calculated.

Example: You play at a poker room that makes bonus deductions, and pay $300 rake and clear a $100 bonus. If your rakeback deal is 30%, then you rakeback is ($300 - $100) * 30% = $60.

Please view the Detailed Rakeback Information -- Deductions field of any room's rakeback page to see if that room makes bonus deductions. Rakeback pages can be reached from the poker rakeback listing.

http://www.rakeback.com/support/inde...eid=47&nav=0,6

Detailed Full Tilt Poker Rakeback Information
Rake Updates Daily Rake Tracking will be available once you have created your Full Tilt Poker rake back account.
Rakeback Payment Full Tilt rakeback is paid once a week. The rakeback week runs from Tuesday to Monday, and payments are made on following Friday. An automatic email is sent to you from cashier@fulltiltpoker.com once FullTilt rake back has been transferred from our Username rakebackpayment.
Tournament Fees Tournament fees are included in FullTilt Poker rakeback.
Bonus Deductions Any awarded bonus is first deducted from your rake before FullTilt rakeback is calculated.
Rake Contribution Rake contribution for Full Tilt rakeback is calculated using the Dealt method as follows:

Amount of rake / number of players who were dealt cards = rake taken from each player.

So in terms of Full Tilt rake back, if it's a 10 handed game and the rake for the pot is $3, each player is eligible for 30 cents for that pot.
Important Info According to Full Tilt Terms and Conditions, a player must have a real money balance of $10 or over within 60 days of creating the account, or otherwise the player is not considered a real money player and is removed from our Full Tilt rakeback tracker.

Pretty much all I could find in the FAQ and the Rakeback details...

[C8H10N4O2]

This is what I was trying to find. When you go to "raketracking" and then click on Full Tilt Poker which will be listed if you have a rakeback deal through them, you scroll down and see this on the page. I believe the $0.00 are updated according to your personal deductions, as I made a withdrawal/deposit and had -$2.00 or -$3.00 sitting on mine.


One thing I do have a question about though, is if you spend FTP's, is that meaning it's deducted from your rakeback, or your gross rake? If it's gross rake, you are hurting your rakeback, but it wouldn't be as bad.

[liladypokerpro]

Ahhh okay gotcha. I haven't looked at those pages in so long I had forgotten about them completely LOL Sucks to live in Kentucky...

[tony]

I believe the $0.00 are updated according to your personal deductions

That is true. Once you have a deduction it will appear in this section.

One thing I do have a question about though, is if you spend FTP's, is that meaning it's deducted from your rakeback, or your gross rake?

Between Rake Statistics table and Deductions table there is only one sentence written it's this one: These deductions are made by Full Tilt from your gross rake to get net rake on which rakeback is based.

[C8H10N4O2]

I thought this was probably the case after I looked that table up and posted it. I just wanted to make sure. This makes spending FTP's worth it if it's something you actually want in the store for the most part. However, it does feel like you are still "buying" something when you use points as it costs you net rakeback.

I'm still going to stick with my plan and just let the points build up for a while.

[uofmichrn]

I almost always let my points build up and then use them for tournament entry fees, such as the MSOP events or the mini FTOPS events and on a rare occasion I use them to enter the weekly double deuce tourney on sunday's. Yeah it may deduct from my rake but if I get a decent cash in the tourney it pays me better then the deducted rate so it seems like a win/win situation to me.