Negative Rakeback

[DeadMoneyDad]

I managed to get a rakeback deal on my existing FT account because I only had freeroll winnings, had not yet played a raked hand, and didn't sign up throught an affilite.

Now I come to find that FT charges your rakeback account a negative carry over for every freeroll you play in, win or loose!

The claculation goes like this the total prize pool divided by the number of entrants equals the negative carry over.

The only way to clear the negative carry over is to play that amount of raked hands.

So if you are trying to, as I was, to build a modest bankroll from freeroll winnings, don't sign up for the rakeback deal until you are ready to move on to buy-ins.

Also if you have a rakeback deal and play a mix of small stakes and freerolls and you can't understand why your rakeback isn't what you thought it should be, here's your answer.

Good luck all,

D$D

 

[dj11]

Good info. Not pertinent to me at this time as I don't know exactly what rakeback is doing, nor even have a good notion of what it is.

Perhaps you could do us all a favor by expounding on what rakeback is, who offers it, how you get involved in a rakeback program, and as many of the caveats as you care to add.

 

[DeadMoneyDad]

Sorry about that.

The rake is how the sites make money. All tourney fees and a small portion of ring game pots are considered rake, although the term derived from the fee charged from cash games.

A rakeback program is a deal similar to the deal each affiliate gets for signing up new players. Each affilite may have one of a various deals. They may just get paid a small click-trough fee for each person who downloads the software from their sponsored link, to a small percentage of the players gross revenue, to getting a full rakeback on that players play and in addition a few more precentage points based on total volume of all players signed up through them.

Some affilites decided to try to gain more volume by offering the initial percentage rakeback to the players who sign up with them and profit from the volume precentages alone. Thus was created the rakeback offer.

The maximum rakeback on FT is 27%, which means if you sign-up with a rakeback offer you receive a "discount" to play. The rakeback is usually credited only monthly but most rakeback site will allow you to track your rakeback amount daily.

Hope this helps,

D$D

 

[starrpats]

Where can I find information about the FT rakeback..?

I'm sure it's too late to take advantage of it(meh), but maybe it would be possible to open a new account later.

 

[Jack Daniels]

Sorry, we don't have any rakeback offers/programs through CardsChat. Try an external search to see what you can find as posting rakeback links here would be considered spam.

 

[rainsoaked]

The benefit is getting a percentage of the rake you pay per hand/tournament back in the form of dollars deposited into your account (win or lose). I never really thought about what would happen if first dollars came from a no rake event so thanks for sharing that DMDad. Not that I have RB on Tilt. Nor will I ever, most likely. Sigh.