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  #21  
Old 03-23-2006, 09:26 PM
DCWGaming DCWGaming is offline
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Join Date: Apr 2005
Posts: 718
Default Re: is CodePoker to good to be true?

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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”).

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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.

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Or just sit there and win 3000$ that month...
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  #22  
Old 03-23-2006, 10:02 PM
SaiYeN SaiYeN is offline
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Join Date: Oct 2005
Posts: 280
Default Re: is CodePoker to good to be true?

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

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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.
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  #23  
Old 03-24-2006, 02:26 AM
Dany Dany is offline
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Join Date: Aug 2005
Posts: 103
Default 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.

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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...
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  #24  
Old 03-24-2006, 02:49 AM
gauge666 gauge666 is offline
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Join Date: Oct 2005
Posts: 54
Default Re: They steal your money, that\'s a downside

so what... stay at Party? ouah! what a great deal!
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  #25  
Old 03-24-2006, 02:54 AM
Barrin6 Barrin6 is offline
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Join Date: Dec 2005
Location: 100k hands 5ptbb+ nl1/2 b4 nl2/4
Posts: 3,732
Default 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
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