RakeBack at Poker770 - I was wrong

    • datsmahname
      datsmahname
      Global
      Joined: 23.11.2009 Posts: 1,366
      Whats the rakeback system like there? Is anyone aware of 30% rakeback programs or w/e?

      I'd be interested to learn about this.
  • 5 replies
    • UPAY4DINNER
      UPAY4DINNER
      Bronze
      Joined: 27.09.2009 Posts: 21,926
      Hi datsmahname,

      While there isn't any direct rakeback at Poker 770 they do have a VIP Scheme for their loyal players.

      See this dedicated thread for more information :)

      Best regards,
      Gary
    • datsmahname
      datsmahname
      Global
      Joined: 23.11.2009 Posts: 1,366
      Ty mod with the misleading alias! aka Gary
    • datsmahname
      datsmahname
      Global
      Joined: 23.11.2009 Posts: 1,366
      I'd probably play approx .25/.50 LHE there since iPoker LHE games are low population and most of my roll is on Stars.

      This would generate about $150/m rake gaining Silver VIP level and a 200% multiplier

      6600 loyalty points/mo (estimate)

      Then, a year and a half later once (I've collected 118000 points) I am then able to recover 9% rakeback on $2681 rake paid.

      <10% rakeback with 1.5 years of loyal play

      OR

      I can deposit ~100, get 200% in ... 3 months? + the 50 from PS, generate 450 in rake and get over 50% rakeback for 3 months without even considering points.... then I would probably have no motivation to play there, just like whats already happened with WH.

      <3 PokerStrategy :s_love:
      </3 iPoker network rewards.... :f_mad:

      Seriously how can they expect to retain low limit players with such a model
    • UPAY4DINNER
      UPAY4DINNER
      Bronze
      Joined: 27.09.2009 Posts: 21,926
      Originally posted by datsmahname
      Ty mod with the misleading alias! aka Gary
      :D :D :D

      You're very welcome!
    • datsmahname
      datsmahname
      Global
      Joined: 23.11.2009 Posts: 1,366
      Originally posted by datsmahname
      OR

      I can deposit ~100, get 200% in ... 3 months? + the 50 from PS, generate 450 in rake and get over 50% rakeback for 3 months without even considering points.... then I would probably have no motivation to play there, just like whats already happened with WH.

      <3 PokerStrategy :s_love:
      </3 iPoker network rewards.... :f_mad:

      Seriously how can they expect to retain low limit players with such a model
      Their 200% deposit bonus requires 14000 points at roughly 9.2 cents per point. this comes out to about $1250 rake paid to complete in 45 days. The cost to them when I fail is zero. Supposing I make nothing and clear the bonus (for simplicity).

      Rakeback = 50 (PS$) + 7.70 + 200 = ~260 which is roughly 20% rakeback excluding points. On 14k points I'd end up with gold status during one month by default. This turns into basically 50k points after the boost and leaves me just shy of an additional 10% rake back.

      Welcome to 30% rakeback... but those 200% welcome bonuses are so attractive.

      this rant does me no favors