The best way to spend Club Points is to buy €1K pending bonuses and, with the excess points, cash rewards.

The €1K bonus costs 463K CPs, clears at the speed of €3.50 per 400 WH (status) Points, i.e. at the cashback rate of 29.75%.

While clearing the bonus (€3361.35 in rake is needed for that, so you'll buy a new bonus twice or thrice a month), you'll earn 114.3K WHPs.

Let's assume you have Club Status 8 (200K WHPs = €5882.36 in monthly rake are needed for that), which gives the multiplier of 6.8 CPs per WHP.

Then you'll earn ~777K CPs while clearing the €1K bonus, out of which, only 463K will be spent on a new bonus. Hence you'll have 314K excess points to be exchanged for cash.

The longer you conserve them, the better is the x-rate you get. If you buy cash in chunks of €1K (that cost 695K CPs, which you'll accumulate a bit more often than once a month), you'll spend 695 CPs per €1 of reward, so the 314K points will buy you €450 at this rate. Therefore the cashback rate from the VIP Club will be (€1000+€450)/€3361~43%.

If you buy cash in chunks of €3K for 1.85M CPs (which you'll accumulate about every 2 months), at the rate of 617 CPs per €1, then the 314K will buy you €509, so the VIP cashback rate will be €1509/€3361~45%.

Add here 1) 15-20% from the 3rd-6th place in the

Double Top100 (Pokerstrategy is however yet to decide if it will double the regular prize in November), 2) up to 10% from

Gemstones, 3) the Diamond status, 4) live packages (that can be sold) won in WH's central promotions, currently the Concord Cards Casino race (awarding a €1200 package to the top 5 rakers about once a month), and you have 85%+ return on rake, making it the best Pokerstrategy deal for high volume players