Full Tilt fixes the 'rakeback problem'

[Trev]

Players tagged to non-rakeback affiliates at Full Tilt are now able to clear a $10k bonus that releases at the equivalent of 27% rakeback.

Definitely going to bring back some players that left for rakeback elsewhere.

[Pokeraddict]

If the player plays full ring, stud or tournaments it is even better plus no deductions. Affiliates that get rev share but don't do rakeback should have some interesting next few months. I predict a big negative in January with deposit fees and then a future spike in revenue from the players that decide they don't want to chase Supernova at Stars.

[pokerextras]

So now rev share affiliates will be earning more than rakeback ones while their players get the same, as full tilt will basically be paying the rakeback out of their end. I can't see how that'd work?

[resipsa]

So now rev share affiliates will be earning more than rakeback ones while their players get the same, as full tilt will basically be paying the rakeback out of their end. I can't see how that'd work?

what do you mean out of their end? Doesn't this reduce net revenue before the affiliate revshare portion is determined?

[pokerextras]

Yes, but rakeback affiliates only get 35% net and give 27% of that to players keeping 8% net. Rev share affiliates start on 20% net.

[resipsa]

also anyone have a link with more details about this?

[CK]

Fulltilt finally offers 'rakeback' to affiliate accounts? - Rakeback and Affiliates - Poker Affiliating and Rakeback Forum

http://forumserver.twoplustwo.com/49...-see-r-661729/

Hi ,

After reviewing our records, we've noticed that you previously have emailed our customer support team requesting rakeback.

We are unable to offer you rakeback as you were referred to Full Tilt Poker from an affiliate that does not offer rakeback. We're unable to switch your account from this affiliate to another, as our agreement with affiliates prohibits this.

However, you've been selected to receive a special Full Tilt Poker bonus: we're offering you $10,000 - a bonus equivalent to an average of 27% rakeback. This trial bonus is only available to a select group of players and you have until 23:59 ET on December 31st to accept this offer.

To accept your bonus, log in to Full Tilt Poker before the offer expires and go to Requests. Select Check My Bonus Offers and click on Accept.

You then have 360 days to clear your bonus amount. For every Full Tilt Point you earn, $0.04 of your bonus amount will clear. Each $20.00 you clear will be moved from your bonus account to your real money account. Check your status at any time by clicking the 'Bonus Account' button in the Cashier.

We may contact you in the future via email to request your feedback on this offer. If you have any further questions, please contact support@fulltiltpoker.com.

Sincerely,
Full Tilt Poker

[Pokeraddict]

Yes, but rakeback affiliates only get 35% net and give 27% of that to players keeping 8% net. Rev share affiliates start on 20% net.

I'll try to do the math. Let's assume a non rb rev share affiliate gets 20%. Set aside all deductions except bonuses as one can assume a rb and non rb player will have the same, the only difference now is the $10,000 (and somewhat likely bottomless) bonus.

Let's assume a player plays only tournaments. The bonus clears a $.04/FT. This makes rakeback 28% for the player so that is close to FTP's target. If a player rakes $1000 they will clear $280 of the bonus. This makes MGR $720 x 20% = $144. If you got 8% you would only have $80 ($1000 x 8%). You have to imagine most players didn't get this, only some of the players that have contacted FTP and likely weren't active as a whole either. I would imagine in the end the non rb affiliates with these players under them will be happy. One also has to wonder if these players even belong to rev share. Maybe all of them are under CPA affiliates to prevent a problem like this.

[CK]

Well I think in FT's case its gonna have to be an all or none type deal (hopefully FT wont muck this one up). Reading only a few threads already the players are checking. Just curious but how many players do you think have emailed FT for rakeback and got turned down? I just see this becoming one hell of a mess if they dont open it up to all. We have the no sorry your tagged to an affiliate and cant get rakeback group, the rakeback equivillant group and the players receiving rakeback. Thats surely gonna cause a headache if its not done right.

[pokerextras]

I'll try to do the math. Let's assume a non rb rev share affiliate gets 20%. Set aside all deductions except bonuses as one can assume a rb and non rb player will have the same, the only difference now is the $10,000 (and somewhat likely bottomless) bonus.

Let's assume a player plays only tournaments. The bonus clears a $.04/FT. This makes rakeback 28% for the player so that is close to FTP's target. If a player rakes $1000 they will clear $280 of the bonus. This makes MGR $720 x 20% = $144. If you got 8% you would only have $80 ($1000 x 8%). You have to imagine most players didn't get this, only some of the players that have contacted FTP and likely weren't active as a whole either. I would imagine in the end the non rb affiliates with these players under them will be happy. One also has to wonder if these players even belong to rev share. Maybe all of them are under CPA affiliates to prevent a problem like this.

We're not getting 8% gross. We're left with 8% net, so 8% of $720 = or $57.60 which is quite a bit less. And most of us are actually getting 6% through yourselves or rakeupdate so only $43.20.