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Old 09-25-2007, 05:18 AM
RakeReduction RakeReduction is offline
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Join Date: Oct 2005
Location: Cashout Everyday!
Posts: 567
Default Re: RakeReduction, why are you so cheap?

That is correct, any deduction you see in your Full Tilt section on rakeupdate.com, only 27% of that deduction is what you lose in rakeback - the deduction is against your rake, not against your rakeback.
Going to have to overhaul it some, far too much confusion on the subject of how much rakeback is lost.

Easiest way to explain it is, say you have a deduction(of any kind) in the amount of $100 only 27% of that is your lost rakeback($27).
How much you are charged for a deposit has to do with your method of choice, the cost associated is nothing we have any control over.

Also as its been pointed out by numerous other individuals here, staff costs money if we didn't do cashout anytime we could cut costs by firing our full time cashier, as the poker sites would make these payouts for us once a month.
I wont bore anyone with further details on operating costs, but there are quite a few more [img]/images/graemlins/smile.gif[/img]

Rather than putting money into freerolls, our focus has been on staff wages, our own contests, the prize pool for these contests when we implemented them was far smaller than it is today, when we could we increased them.
You did however point out these are made because they benefit us and this is the only reason that they exist.
I wont deny that they are beneficial to us but wouldn't a freeroll,in which you may only enter if you have earned a set amount of points be the same principal - an incentive to play more.


I would like to apologize to anyone who feels cheated by our continued announcement about our own freeroll, when we first brought this up it was nearly complete, things appeared to be set in stone and just a month or so away.
Obviously this was not the case, we have not scrapped this idea, it is still very much going to happen, just taking far far longer than expected.

Hope that sheds some more light on things for you Will.

Regards,

RakeReduction
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