I've been at UB for over a year, playing seriously for 5 months. I tried very hard to get all the details by reading the website and FAQ's and details in "my account."

I HAVE NO FREAKIN' CLUE HOW THIS PROGRAM WORKS.

That's not completely true. The RAISE points determine your status. Based on status, you can (a) earn more Ultimate Points per session and (b) use the Ulimate Points for more things.

I've played 11.5k hands on UB in Feb at NL10, and I'm "Legend" status in RAISE, the 2nd best of 5 status levels. It doesn't appear as though I'll generally reach "Icon" status, which is the top, unless I find more time to play or move up levels.

The UB points don't seem to accumulate very quickly as they've changed how you earn them. However, when you get to 4,000 or so you can redeem them for cash. It doesn't say how much. You can also use them for purchases in the UB store and buy-ins into tourneys, but that was true before.

The most interesting thing about "Icon" status is that UB pays interest on the money you have in your account.

Anyway, I should be able to turn points into cash in a few weeks, and I'll find out then how much it is for how many hands, etc. I doubt it's very lucrative, certainly not on the order of rakeback. It looks to me like it will be about $25 every 30-40k hands. But that's an estimate that could be wildly inaccurate due to paucity of information on their website.