FTP Bonus

[rapidacid]

I recently signed up with FTP using RB and am working off the $600 bonus ... will I effectively be "in the hole" for the $600 in terms of RB? Meaning, I won't get a dollar of RB until I've earned $601 in RB?

[SweetPea]

You won't get rakeback until you've earned $601 of MGR. In other words, you won't get rakeback until you've earned more than $162 in rakeback.

[RakeTheRake]

Not quite.....you may still earn some rakeback....

The FT bonus is released in chunks as you earn it.

The bonus is deducted from the rake by Full Tilt (along with other deductions) before they calculate the rakeback.

In general a player will generate more rake in clearing the bonus than the actual value of the bonus and so will receive rakeback on the balance.

For example in any given month a player might earn $140 in bonuses (from the possible $600)
They might have raked $220 to clear the bonus (and no other charges)
Therefore they will get the $140 bonus from Full Tilt
And also they will get 27% of $80 ($220-$140) or $21.6 in rakeback.

But it is always better to get rakeback + bonus, rather than just rakeback….even if the bonus is deducted from your rake.
Here's a quick example of why.

Let's say you sign up and rake $1,000 in your first month.
Let's also assume you get a $300 bonus
Your net rake is $700
Let's assume for ease you are on 30% rakeback
You will get $210 (30% of $700) back
Plus you got the $300 bonus
Total comp is $510 (effectively 51% rakeback on your $1000)

Now let's assume you play the same amount without a bonus.
Bonus = 0
Net rake = $1000
Rakeback at 30% = $300
Total Comp = $300
Effective 30% rakeback on your $1000

Instantly you can see that it is better to have rakeback + bonus rather than just rakeback.

hope that helped slightly...

Regards

RakeTheRake

[Bobo Fett]

I don't think that's correct. Bonus is deducted from the MGR when it is EARNED, is it not? If so, every time $20 of bonus is released, that would be taken from your MGR at that time. RB will be substantially reduced, but I believe it should be accumulating from day one. Actually, the one thing that will need to be cleared before you start earning would be the deposit fees.

Edit to add: RTR beat me to the punch.

[rapidacid]

Thanks for the responses ... I appreciate it.