Rakeback vs Bonus Structure
Okay I have a question that seems simple enough but maybe not as simple as it may appear. Hollywood poker when I signed up showed a rake back of 30% on top of the FTD. Now they have changed and "After clearing your deposit bonus and earning 1000 Poker Points, you can exchange 1000 points on your my Account page to get started with the $500 Hollywood Poker Bonus!
Earn 4250 Poker Points to clear this bonus within 60 days. The bonus will be released into your account at $100 for every 850 Poker Points." Now first I believe every point is a raked hand now my only question is am I getting screwed now? Simple math says I am but I am not sure if I am reading it right. 4250 points/500$ is like 8.5%. I must be wrong? BOBO? Da king of da bonus?
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