is CodePoker to good to be true?
 

I just checked out Codepoker.com They offer 50% on your winnings every month, up to $1000. Anyone use this site? It sounds to good to be true.

Re: is CodePoker to good to be true?
 

Yeah it is. The software sucks and it goes real slow and saps resources. Even when it is working, good games are difficult to find.

Re: is CodePoker to good to be true?
 

do a search for codepoker and for 50%

there are a couple of bigger threads talking about this.
It is true and you do get paid.

It's on the prima network, and if you play NL the games are pretty good.

Re: is CodePoker to good to be true?
 

I signed up on Sunday and had my account locked whilst I was playing yesterday. After I emailed them about it I got this back
Hi there,

Please try and log into your account again. You should be able to get in
without any problems now.

Kind regards,

Code Poker

I have since been unable to get into my account and they haven't responded to any of my emails.

Re: is CodePoker to good to be true?
 

I've cleared this bonus several times and the payments were fine.

I also had my account locked once. It was due to an IP mismatch but it was resolved within a few hours. I know that the prima network has a very strict fraud monitoring department. It is sometimes a pain but at least it avoids collusion and team play.

Re: is CodePoker to good to be true?
 

[ QUOTE ]
I've cleared this bonus several times and the payments were fine.

I also had my account locked once. It was due to an IP mismatch but it was resolved within a few hours. I know that the prima network has a very strict fraud monitoring department. It is sometimes a pain but at least it avoids collusion and team play.

[/ QUOTE ]

Except for the fact that someone can play seven accounts across various clients in their major MTTs, yeah, I agree.

Re: is CodePoker to good to be true?
 

No worries GAL

It happened to me too. It s a pure Prima thing, they are freak about credit card name or IT mismatch.


They had it resolved in 48 hours.

Re: is CodePoker to good to be true?
 

Actually its probably the best bonus online. I've taken $1100 out of there each of the last 3 months. If you play NL $400 or higher, this is not hard to do unless you really are running badly.

Re: is CodePoker to good to be true?
 

With this bonus it seems a waste of time to do any other until you have done the max for that month here.
Does that make any sense?

Re: is CodePoker to good to be true?
 

It's a good bonus for the winning NL players out there. I think the limit guys can probably find better though.

Re: is CodePoker to good to be true?
 

I am about to find out how good their support is.

I have problems with Prima sites that the software freezes.

Earlier today I flopped a set of 2s and then turned a FH.

Got folded on the river cos the software froze up.

I e-mailed support and they got back to me saying that it does look like I timed out and I would have won the hand!

They then add:

[ QUOTE ]
based on this we are chatting to the poker room owners to see if we can compensate you in some way

[/ QUOTE ]

If I do get something back from them then they have got me as a loyal customer.

Re: is CodePoker to good to be true?
 

If they offered 50% on my LOSSES up to $1,000, I'd never play anywhere else.

Re: is CodePoker to good to be true?
 

See this thread:

http://forumserver.twoplustwo.com/showth...c=1#Post5148502

Re: is CodePoker to good to be true?
 

[ QUOTE ]
See this thread:

http://forumserver.twoplustwo.com/showth...c=1#Post5148502

[/ QUOTE ]

Amazing...I wonder what they would have given you if your shortfall had been much bigger...

Re: is CodePoker to good to be true?
 

i would think that weaker players (and i am one) would prefer a bonus based on hands played rather than winnings. if my assumption is correct then POKERCODE would attract the stronger players and a marginal player like me (barely profitable without bonuses)would start showing losses.

Re: is CodePoker to good to be true?
 

Dunno.
But I still think that this is amazing support.

I wonder if they will count it towards the 50% bonus too.
(Getting a bit greedy now [img]/images/graemlins/grin.gif[/img])

Re: is CodePoker to good to be true?
 

[ QUOTE ]
Dunno.
But I still think that this is amazing support.

I wonder if they will count it towards the 50% bonus too.
(Getting a bit greedy now [img]/images/graemlins/grin.gif[/img])

[/ QUOTE ]

I think they have no choice but to count it towards the 50% bonus.

They steal your money, that\'s a downside
 

Read Jason's post on how they stole his money. BOYCOT PRIMA!!!!!!!!!!!!!!!!

Re: is CodePoker to good to be true?
 

I've been playing there for 8 month, and this bonus is very GOOD, I can tell you... [img]/images/graemlins/smirk.gif[/img]

Re: is CodePoker to good to be true?
 

[ QUOTE ]
The profit, if any, is determined by substracting the account balance at the end of the previous month and any deposit as well as any other bonus (i.e. deposit bonus and Refer-a-Friend bonus) credited to the account from the account balance at the end of the current month at 12 am GMT (the amount found by such calculation shall be referred to as the “Profit”).

[/ QUOTE ]

If im understanding the terms and conditions for this bonus correctly, it seems that the bonus will be affected by any withdrawals and other bonus you receive.

If you make any withdrawals, you'll have to win it back before you can make any more from this bonus. Which makes it hard to clear this bonus if you cash out any significant amount. Also may be the same for the bonus amount from the previous month.

So if you start out at $4000 at the beginnig of the month, get $1000 from previous month's 50% profit bonus and cash that out and then win $2000 to have an account balance at $6000 at the end of month...
your "profit" = 6000 - 4000 - 1000 = $1000
so you'd only get a $500 bonus instead of 50% of your true winnings for the month which should be at $1000.

Can someone who done this bonus for consecutive months clear this up? It seems like if you want to withdrawal all your profits and bonus it be best to do this bonus every other month.

Re: is CodePoker to good to be true?
 

[ QUOTE ]
[ QUOTE ]
The profit, if any, is determined by substracting the account balance at the end of the previous month and any deposit as well as any other bonus (i.e. deposit bonus and Refer-a-Friend bonus) credited to the account from the account balance at the end of the current month at 12 am GMT (the amount found by such calculation shall be referred to as the “Profit”).

[/ QUOTE ]

If im understanding the terms and conditions for this bonus correctly, it seems that the bonus will be affected by any withdrawals and other bonus you receive.

If you make any withdrawals, you'll have to win it back before you can make any more from this bonus. Which makes it hard to clear this bonus if you cash out any significant amount. Also may be the same for the bonus amount from the previous month.

So if you start out at $4000 at the beginnig of the month, get $1000 from previous month's 50% profit bonus and cash that out and then win $2000 to have an account balance at $6000 at the end of month...
your "profit" = 6000 - 4000 - 1000 = $1000
so you'd only get a $500 bonus instead of 50% of your true winnings for the month which should be at $1000.

Can someone who done this bonus for consecutive months clear this up? It seems like if you want to withdrawal all your profits and bonus it be best to do this bonus every other month.

[/ QUOTE ]
Or just sit there and win 3000$ that month...

Re: is CodePoker to good to be true?
 

[ QUOTE ]

Or just sit there and win 3000$ that month...

[/ QUOTE ]

if you let it sit there,
you're "profit" = 7000 - 4000 - 1000 = 2000 and you'll get your correct bonus. The catch to this is you cant withdrawal and continue on with the bonus, if you do, this bonus may not be better than any other bonuses out there.

Re: is CodePoker to good to be true?
 

[ QUOTE ]
[ QUOTE ]

Or just sit there and win 3000$ that month...

[/ QUOTE ]

if you let it sit there,
you're "profit" = 7000 - 4000 - 1000 = 2000 and you'll get your correct bonus. The catch to this is you cant withdrawal and continue on with the bonus, if you do, this bonus may not be better than any other bonuses out there.

[/ QUOTE ]

If you look at their T&C, it says :

The profit, if any, is determined by substracting the account balance at the end of the previous month and any deposit as well as any other bonus (i.e. deposit bonus and Refer-a-Friend bonus) credited to the account from the account balance at the end of the current month at 12 am GMT

As they use the account balance, withdrawals should affect your profit. However, I already did some withdrawals and it didnt' affect my P&L. They just asked me once not to do too many withdrawals per month. Therefore, as far as I'm concerned, a few withdrawals per month is alllowed as long as you don't abuse it as I guess they have to pay processing fees for withdrawals and redeposits...

Re: They steal your money, that\'s a downside
 

so what... stay at Party? ouah! what a great deal!

Re: They steal your money, that\'s a downside
 

You do run a great risk of getting your account and funds locked down, so there's the "too good to be true" part