does using FTP's affect rakeback?

[ciderbloke]

Bit of a noob question but if I use my Full Tilt points on anything does it reduce my rakeback? Is it best to just let them mount up?

Cheers

[travz21]

I let mine pile up. Every point you spend costs you some rakeback. I forgot the numbers, but every item you buy is like buying it at 27% it's original value. So it's a really good deal if you actually need/want the item, but it is costing you straight cash basically.

[C8H10N4O2]

Bit of a noob question but if I use my Full Tilt points on anything does it reduce my rakeback? Is it best to just let them mount up?

Cheers

1 ftp loses you $0.005 in Gross rake. So if you were to buy something that costs 2,000 ftp's (usually the item would have around the value of $10), you will lose $10 of your gross rake. This equates to losing $2.70 of what you would have received in a rakeback payment.

So buying an ipod or something similar worth $200 will cost you $54. Like Travz said, it's a good deal if you actually want the item, but it does take away from the cash you would have had in your account.

[ciderbloke]

Thanks a lot for explaining that for me......Does the same apply if I use the points to enter tourneys and so forth?

Just a thought......using the example of the $200 I pod for $54 nett cost, could maybe ebay the player for $100 ? Does anyone use their points in this way?

[travz21]

Thanks a lot for explaining that for me......Does the same apply if I use the points to enter tourneys and so forth?

Just a thought......using the example of the $200 I pod for $54 nett cost, could maybe ebay the player for $100 ? Does anyone use their points in this way?

It works the same with tourneys. And the ebay idea is definitely possible.

[fallik]

ok so if i were to buy a 1.1m $5000 bonus the deduction from rakeback would be $1350 for a realized gain of $3650?

how do deductions work for iron man medals?

[grimReaper]

I think you're losing a lot of profits selling it on ebay. Might as well go for tournament tickets and bonuses imo.

[RAW_FORCE]

selling on ebay is almost guaranteed to be one of the worst ways to spend your FTPs. Spending Iron man medals works in the same way as FTPs, there is a 27% loss of rakeback. For all non-cash and non-tourney ticket items I believe they equate the value of 1 iron man medal to $.20 ie spending 1000 medals will cause you to lose $54 in rakeback.

[SM1J H4RT]

So what if you use points on a tourney does that take away rakeback?

[travz21]

So what if you use points on a tourney does that take away rakeback?

You can't anymore, which is dumb. You have to buy tournament tickets first. Those also take away rakeback. Whatever the tourney $amount is x 27% and that's how much you'll lose in rakeback.

[RAW_FORCE]

A little trick I use when trying to figure out FTPs policy regarding a bonus or rakeback is to ask "What method would lead to the hardest raping of the players?" 10 times out of 10 you can get your answer this way.