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The Importance of RB/Bonuses (new and improved)

  
 
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spoonitnow
Old 10-28-2007, 12:40 AM     Post subject: The Importance of RB/Bonuses (new and improved) #1 (permalink)  
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Introduction

This month at 100nl on PokerStars I've paid $0.056/hand in rake after a sample of ~50k hands. Since I get about 750 hands/hour, this amounts to about $42/hour. This is also 2.8 ptbb/100.

To make sure the peoples of the Beginner's Circle understand this properly: if in a given hour I beat the players for $50, I only get $8 of that.

With a rakeback deal of 33%, I'd keep $14/hour of my bankroll that I would have lost otherwise. If I get in 80 hours of play in a month (which is a little on the low side for me but typical), then that's $1120 that I would have saved.

Now that might not seem like such a big deal for those of you who play microstakes, but that's where you're wrong. It IS such a big deal because micro and low-stakes are where players really take a beating due to the rake in relation to the stakes.

For the examples I'm going to make, I'm going to assume the same 2.8 ptbb/100 rate of the rake. For some sites it works out to be slightly more and for others it works out to be slightly less just depending on how they take their 5%, but know that I'm 100% sure that it will be higher at 25nl and 50nl because at PokerStars the rake caps at $3 which happens relatively often in 100nl games and relatively rarely at 25nl and 50nl games.

Example of Moving Up Through the Stakes

Suppose you've got $200 and you're going to grind your way through the full ring stakes starting at 10nl using a 20-buyin bankroll guideline. We'll say you pick up things fairly quickly for a complete beginner and make +4ptbb/100 at 10nl, +3ptbb/100 at 25nl, +2ptbb/100 at 50nl, and +2ptbb/100 at 100nl.

At first you need to make $300 to move up to 25nl. Without rakeback, this will take you 37500 hands. With a 33% rakeback deal, it would only take you about 30400 (saving you 7100 hands).

Now you need to make $500 to move up to 50nl. Without rakeback, this will take you 33333 hands. With a 33% rakeback deal, it would only take you about 25500 (saving you 7833 hands).

So now with your bankroll up to $1000, you're needing another $1000 before you move up to 100nl. Without rakeback, this will take you 50000 hands. With a 33% rakeback deal, it would only take you about 34100 (saving you 15900 hands).

Finally you're up to the dizzy heights of 200nl and you want to make another $2000 before you even consider moving up. Without rakeback, this will take you 50000 hands. With a 33% rakeback deal, it would only take you about 34100 (again saving you 15900 hands).

So in this example, rakeback would save you from playing 46733 unnecessary hands, which is a few of months worth of play or more for most people new to the game.

Example of Becoming a Breakeven Player

If you're at a table with other players, you think that if you beat those players then you are making money. This isn't always the case. Along with beating the players, you have to beat the rake, which is probably the harder of the two at microstakes and low stakes.

When most players start, they are losing players. Then they read a bit, learn about things like pot odds and position, and they get better. They eventually pull up to being a breakeven player before beating the game. So the question is, how many hands does it take for them to go from losing to breakeven, and how much money will rakeback save them during this period of time?

Suppose it takes a 10nl player 10000 hands to become breakeven (blame Miffed for this figure, he gave it ), which is probably about right. In that time, you've probably lost a good portion of your starting bankroll, but $56 of your loss was just from the rake. So even if you were playing breakeven with the players themselves, you have still lost over 25% of your bankroll. A 33% rakeback deal would have cut your losses due to the rake down to only $37.

Conclusion

I could go on and on with examples of how much of a difference rakeback and bonuses can make in the growth of your bankroll, but it boils down to a simple point: rakeback and bonuses are free money. You're going to be playing poker anyway, so why not get some extra money out of something you are going to be doing in the first place? It's a very big mistake for beginning players to not have some sort of rakeback (and/or bonus). That is all.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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miracleriver
Old 10-28-2007, 01:22 AM #2 (permalink)  
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how did you get rakeback at pokerstars? I've look on the internet but all the info i found says pokerstars doesnt offer rakeback.
 
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Miffed22001
Old 10-28-2007, 01:23 AM #3 (permalink)  
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please make clear party poker is the exception to the rule. Kthx.

wait, party rb....stars rb.....???....nah....?
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spoonitnow
Old 10-28-2007, 02:02 AM #4 (permalink)  
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Quote:
Originally Posted by miracleriver
how did you get rakeback at pokerstars? I've look on the internet but all the info i found says pokerstars doesnt offer rakeback.
The bonuses man, the bonuses.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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euphoricism
Old 10-28-2007, 02:06 AM #5 (permalink)  
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Quote:
Originally Posted by miracleriver
how did you get rakeback at pokerstars? I've look on the internet but all the info i found says pokerstars doesnt offer rakeback.
Since everyone else is being all cryptic, the answer is you use your FPPs to buy bonuses and then clear the bonuses. At adequate VIP levels, you can be earning close to 30% RB.
<Staxalax> Honestly, #flopturnriver is the one thing that has improved my game the most.
Directions to join the #flopturnriver Internet Relay Chat - Come chat with us!
 
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spoonitnow
Old 10-28-2007, 02:22 AM #6 (permalink)  
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Quote:
Originally Posted by euphoricism
Quote:
Originally Posted by miracleriver
how did you get rakeback at pokerstars? I've look on the internet but all the info i found says pokerstars doesnt offer rakeback.
Since everyone else is being all cryptic, the answer is you use your FPPs to buy bonuses and then clear the bonuses. At adequate VIP levels, you can be earning close to 35% RB.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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euphoricism
Old 10-28-2007, 02:26 AM #7 (permalink)  
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spoonitnow
Old 10-28-2007, 01:17 PM #8 (permalink)  
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I added a lot in the way of examples and whatnot, so umm read it.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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Miffed22001
Old 10-28-2007, 01:30 PM #9 (permalink)  
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5k if you play fewer tables, perhaps as much as 15-20k if you play 6+ tables like on stars
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ChrisTheFish
Old 10-28-2007, 01:35 PM #10 (permalink)  
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Quote:
Originally Posted by Miffed22001
please make clear party poker is the exception to the rule. Kthx.
Haha, QFT
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spoonitnow
Old 10-28-2007, 03:35 PM #11 (permalink)  
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Quote:
Originally Posted by euphoricism
owned
There's a link in my sig that says STARS BONUSES TO RB% btw.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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Jack Sawyer
Old 10-28-2007, 05:22 PM #12 (permalink)  
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grnydrowave2
Old 10-28-2007, 05:23 PM #13 (permalink)  
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I've been told that bonuses and rakeback at Full Tilt don't make up for all the rocks there, even at micros.

But I'm playing 50NL at Stars and my FPPs are virtually worthless. How bad could it be at FT?

Decisions, decisions...
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biondino
Old 10-28-2007, 05:47 PM #14 (permalink)  
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breathweapon
Old 10-28-2007, 06:14 PM #15 (permalink)  

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Quote:
Originally Posted by grnydrowave2
I've been told that bonuses and rakeback at Full Tilt don't make up for all the rocks there, even at micros.

But I'm playing 50NL at Stars and my FPPs are virtually worthless. How bad could it be at FT?

Decisions, decisions...
FT's rake back is awful despite the fact that their bonuses are so large. I'd rather go back to PP's number of raked hands system than FT's point/percentage system at smaller stakes. I think you have to mine your bonuses by playing large limits and be very careful or multi-table low limits like a robot to make it worth while.
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spoonitnow
Old 10-28-2007, 06:14 PM #16 (permalink)  
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Quote:
Originally Posted by grnydrowave2
I've been told that bonuses and rakeback at Full Tilt don't make up for all the rocks there, even at micros.

But I'm playing 50NL at Stars and my FPPs are virtually worthless. How bad could it be at FT?

Decisions, decisions...
Until you're Supernova you don't get a higher rakeback % equiv. as you can get at Full Tilt, but you could probably get Platinum without many problems which is ~20% rakeback equiv if you get the $650 bonuses.

I don't know how FT's system works really so I can't comment there.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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Deanglow
Old 10-28-2007, 06:36 PM #17 (permalink)  
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Ultimate Bet anyone? How are the games there? Rockfest like Full Tilt?
 
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breathweapon
Old 10-28-2007, 06:43 PM #18 (permalink)  

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UB is just as awful as FT for the same reasons I stated above, in fact I think it was even worse when I did/do play there. I'd take a look at the Euro sites if you can get an off shore bank account (an off shore bank account is so worth it just for bonus whoring, in fact I think an off shore bank account is so important for this reason that some one should start a thread on it).
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daven
Old 10-29-2007, 04:01 AM #19 (permalink)  
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Originally Posted by biondino
Dude please don't play at FT, that's my playground
see you soon

Quote:
Originally Posted by breathweapon
I think an off shore bank account is so important for this reason that some one should start a thread on it)
not for me.... sorry, couldn't resist
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deacon_bluez
Old 10-29-2007, 09:24 PM #20 (permalink)  
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Quote:
Originally Posted by euphoricism
Quote:
Originally Posted by miracleriver
how did you get rakeback at pokerstars? I've look on the internet but all the info i found says pokerstars doesnt offer rakeback.
Since everyone else is being all cryptic, the answer is you use your FPPs to buy bonuses and then clear the bonuses. At adequate VIP levels, you can be earning close to 30% RB.
Why would anyone waste their FPP's on bonuses and other such crass stuff when they can use their PStars points for this?
http://www.pokerstars.com/fpp/store/...star/?utm_id=3
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spoonitnow
Old 10-29-2007, 10:29 PM #21 (permalink)  
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Quote:
Originally Posted by deacon_bluez
Quote:
Originally Posted by euphoricism
Quote:
Originally Posted by miracleriver
how did you get rakeback at pokerstars? I've look on the internet but all the info i found says pokerstars doesnt offer rakeback.
Since everyone else is being all cryptic, the answer is you use your FPPs to buy bonuses and then clear the bonuses. At adequate VIP levels, you can be earning close to 30% RB.
Why would anyone waste their FPP's on bonuses and other such crass stuff when they can use their PStars points for this?
http://www.pokerstars.com/fpp/store/...star/?utm_id=3
FWIW, the name-a-star thing is really a scam.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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bode
Old 10-29-2007, 11:10 PM #22 (permalink)  
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moneymaker posters FTW! im going to spend 100k FPP's on them and wallpaper my entire house.
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Old 10-29-2007, 11:39 PM #23 (permalink)  
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I think playing in the sit and gos against moneymaker is the most +ev to use your FPPs.
 
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spoonitnow
Old 10-30-2007, 05:17 AM #24 (permalink)  
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Quote:
Originally Posted by Deanglow
I think playing in the sit and gos against moneymaker is the most +ev to use your FPPs.
My 100% honest opinion is that the 5400 FPP satellites to the Sunday Million are the best EV. They have 10 players and award 4 seats. If you win only 40%, you still make a slightly higher EV than the $1500 bonus, but they're so soft it's ridiculous.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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Old 10-30-2007, 05:36 PM #25 (permalink)  
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This is an outstanding post... well done Spoon.
So you click their picture and then you get their money?
 
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Old 10-30-2007, 07:04 PM #26 (permalink)  
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Quote:
Originally Posted by kingnat
This is an outstanding post... well done Spoon.
Thanks
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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Miffed22001
Old 10-30-2007, 07:23 PM #27 (permalink)  
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party rb ftw.

oh yeah, good work spoon.
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Old 10-30-2007, 07:37 PM #28 (permalink)  
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Quote:
Originally Posted by Miffed22001
party rb ftw.

oh yeah, good work spoon.
stfu you bbj-hitting motherfucker
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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Old 10-30-2007, 09:59 PM #29 (permalink)  
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Originally Posted by Jack Sawyer
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breathweapon
Old 10-30-2007, 11:28 PM #30 (permalink)  

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What do you guys think of Carbon Poker and their 200% up to 1K bonus? They have a really nice net work/soft ware and you seem to be able to work it off rather fast. Even tho' bonuses are important, I think you have to counter balance that with the software, because 1K bonuses at UB, Bugsys' or on the Cake and Prima are difficult to multi-table.

Poker Stars, Full Tilt, Absoulte, Merge and Digital net work bonuses all seem worth going after, but do other people have experience with the effectiveness of mining bonuses from Cake and Prima and how long it takes? I may just dump the money into Doyle's Room for the free books, but other than that I'm not certain how much bonus whoring on these American net works are worth it.
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Old 11-01-2007, 05:49 PM #31 (permalink)  
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Quote:
Originally Posted by breathweapon
What do you guys think of Carbon Poker and their 200% up to 1K bonus? They have a really nice net work/soft ware and you seem to be able to work it off rather fast. Even tho' bonuses are important, I think you have to counter balance that with the software, because 1K bonuses at UB, Bugsys' or on the Cake and Prima are difficult to multi-table.

Poker Stars, Full Tilt, Absoulte, Merge and Digital net work bonuses all seem worth going after, but do other people have experience with the effectiveness of mining bonuses from Cake and Prima and how long it takes? I may just dump the money into Doyle's Room for the free books, but other than that I'm not certain how much bonus whoring on these American net works are worth it.
I replied in a PM.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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Old 11-01-2007, 06:19 PM #32 (permalink)  
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Quote:
Originally Posted by breathweapon
UB is just as awful as FT for the same reasons I stated above, in fact I think it was even worse when I did/do play there. I'd take a look at the Euro sites if you can get an off shore bank account (an off shore bank account is so worth it just for bonus whoring, in fact I think an off shore bank account is so important for this reason that some one should start a thread on it).
I like UB's microstakes games. They are 10% tighter and 78 x more aggressive than Absolute, so a super-agro like breathweapon is probably NOT going to do well there. I play between 20/16 and 24/18 there, depending upon the table. Pick your spots, and they'll stack off with the normal trash hands like Ax sooted. They just bet their own hands more aggressively than most fish. Since the rakeback is based on the % of pot where player sees the flop, the more aggressive games make for reasonable chances of getting bonuses/rakeback.
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Old 11-01-2007, 07:35 PM #33 (permalink)  

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UB is changing a lot after the software upgrade, there seems to be a huge influx of people from Absolute and a small influx of people from else where, I think I/we may need to re-evaluate the site.

Any one else notice the Weak-Tights and TAGGs pouring in?
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Old 11-06-2007, 09:55 PM #34 (permalink)  
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Quote:
Originally Posted by breathweapon
UB is changing a lot after the software upgrade, there seems to be a huge influx of people from Absolute and a small influx of people from else where, I think I/we may need to re-evaluate the site.

Any one else notice the Weak-Tights and TAGGs pouring in?
I probably still have over $150 in bonus dollars on UB from over a year ago hehe.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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Miffed22001
Old 11-06-2007, 10:18 PM #35 (permalink)  
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Quote:
Originally Posted by spoonitnow
Quote:
Originally Posted by breathweapon
UB is changing a lot after the software upgrade, there seems to be a huge influx of people from Absolute and a small influx of people from else where, I think I/we may need to re-evaluate the site.

Any one else notice the Weak-Tights and TAGGs pouring in?
I probably still have over $150 in bonus dollars on UB from over a year ago hehe.
oh come on, ive 12k in my pending account!

10years of 25/50nl grinding to clear that me thinks
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spoonitnow
Old 11-07-2007, 09:20 AM #36 (permalink)  
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Quote:
Originally Posted by Miffed22001
Quote:
Originally Posted by spoonitnow
Quote:
Originally Posted by breathweapon
UB is changing a lot after the software upgrade, there seems to be a huge influx of people from Absolute and a small influx of people from else where, I think I/we may need to re-evaluate the site.

Any one else notice the Weak-Tights and TAGGs pouring in?
I probably still have over $150 in bonus dollars on UB from over a year ago hehe.
oh come on, ive 12k in my pending account!

10years of 25/50nl grinding to clear that me thinks
Haha. Then again I haven't been around nearly as long as you I think. I remember when I first started playing hearing all this crap about how the games "were getting so much tougher" just because people weren't open pushing with any two every hand at 25nl.

My how things have changed.
Quote:
Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.

Rule # 1: don't ask questions

Rule # 2: don't ask questions

I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
 
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bpurvis2
Old 12-20-2008, 04:23 AM #37 (permalink)  

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bpurvis2
Awsome post rakeback is like dividends in the stock market it adds money to your account and if your passing up free money then your a lunatic over the long haul this rakeback will add bigtime money to your bankroll and will cut your time in being able to climb up in limits and if you read this post you'll see how many hands it will cut out to reach the next buy-in level when I can find a way to cutt 15900 hands out of a process to make money and move up to the next level you bet I will do it. this money is like a bonus on top of your poker profits and I don't turn down a bonus .
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bigspenda73
Old 12-20-2008, 11:00 AM #38 (permalink)  
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bigspenda73 will become famous soon enoughbigspenda73 will become famous soon enough
so bpurvis have you learned a lot from reading the entire beginner's digest today?
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Keith
Old 12-20-2008, 02:20 PM #39 (permalink)  
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Keith will become famous soon enoughKeith will become famous soon enough
actually , I think its taken him two years to find the post reply button.
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nice_aiau
Old 12-21-2008, 04:10 AM #40 (permalink)  
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poor, poor bpurvis2
 
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chrisa
Old 01-15-2009, 08:14 AM #41 (permalink)  
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Sorry to bump an old post but is it possible to get apply for rakeback even though I have an account of Full Tilt already?
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cmoist31
Old 01-17-2009, 04:54 AM #42 (permalink)  

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try rake the rake, they may be able to link your account up. I know FT was giving away rakeback to long time players so you may be in luck, ask FT as well.
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chrisa
Old 01-17-2009, 05:14 AM #43 (permalink)  
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Yeah FT was/is giving rakeback through an affiliation with RakeBackPros but you need to be invited to get it so I've emailed both Full Tilt and RakeBackPros.

For people who want rakeback on Full Tilt:

Triptanes sent me a link (ask him for it) that has people asking FT for rakeback and getting the invite but it could take from 3 days to 3 months.

If you already have an affiliate, you're out of luck and they won't offer you rakeback although they're supposedly doing something for people who are already tied down to affiliates. You might not know you're affiliated to a site either since you could have signed up from a banner ad you saw on another site.

Anyways, good news for me is that I sent them an email about an hour ago and they replied with this:

Quote:
Hello Chris,

Thank you for contacting Full Tilt Poker.

Full Tilt does not pay players rakeback directly. There are a number of rakeback affiliates who offer players up to 27% rakeback if they sign up to Full Tilt Poker through their site.

However, we are currently looking into organizing something that will help players who are not already attached to an affiliate. We have added your username to our files for further consideration. Please be patient.

If there's anything else we can help you with, please don't hesitate to ask.

Best of luck on the tables!

Kind Regards

Erik
Full Tilt Poker Support
Seems like I'm affiliate-less.

Just got to wait a month or five now...
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Parasurama
Old 01-17-2009, 06:49 AM #44 (permalink)  
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I was invited a few days ago to rakebackpros.org and am now getting rakeback at FT (finally) after receiving an email like that chrisa
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