Trying to understand Ipoker CashBack. Please Help!!!

[ontiltsoon]

Hi, I just opened an acount at Noiq Poker thinking there cash back system equals from 25 to 40 % rakeback, but:

First of all, is this direct cash or do they give you a bonus?

Second I've played about 6500 hands of nl50 Short Handed and generated 3900 FPP. Acording to this calculator that's 49$ in cash back, but acording to rakeback calculators 25% RakeBack for 6500 hands of nl50 ShortHanded is about 125$.

So is it not true that the minimum RakeBack is 25%?
Can I be confident that if I get to level6 I will have an equivalent to 40% Rakeback?

Please someone who plays at this site, can you clarify some of my doubts?

[freecard4all]

The rakeback calculators are way way off. Usually divide by 2 or 3 and you have the numbers. So 50% seems to be quite correct.

As of NoIQ I don't understand their system either. They provide no explanation. One interesting point I noticed is that according they calculator they pay LESS (yes less) dollars per point if you are level 6 than level 1.

Yup L6 earns points faster but gains less $$ for that points.

[RakeTheRake]

At Level 6 you earn points 2.5 times faster but the rate of exchange is not 2.5 times less - so the conversion at level 6 is still way better

If you have specific questions about the program feel free to email so we can be more specific

Kind regards

RakeTheRake

[freecard4all]

Yup, L6 is better but I worry about the way they promote it. They clearly state that L6 earns more points. They say nowhere L6 gets less $$ per point...

I don't have any specific question, it's just the lack of information in general.
e.g. what's the "Trade FPP for Cash" T&C (conversion rate, excluded, included, min, max, etc., etc.)

[Bryanmtl]

So Level 6 is basically the same as 40% dealt rb?

[freecard4all]

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So Level 6 is basically the same as 40%

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only if the rake taken is exactly in amounts of $0.25 or $0.51 or $1.01 or $1.51 or $2.01
If the rake is $3 you get the same # of points as if the rake was $2.05. Thus less rakeback by a third what really sux for the NL players :-(


[ QUOTE ]
dealt rb?

[/ QUOTE ]
yes, clearly dealt.

[CountingMyOuts]

[ QUOTE ]
[ QUOTE ]
dealt rb?

[/ QUOTE ]
yes, clearly dealt.

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Is it really dealt? Just need some clarification. [img]/images/graemlins/smile.gif[/img]

The FPPs you earn are on a dealt basis, but what is the cashback percentage being applied to? If it is applied to the player's net rake, isn't that on a contributed basis?

[RakeTheRake]

[ QUOTE ]
Is it really dealt? Just need some clarification. [img]/images/graemlins/smile.gif[/img]


[/ QUOTE ]

Yes iPoker rake is Dealt

Regards

RTR

[CountingMyOuts]

Thanks, RTR.

Did the iPoker network go from contributed to dealt?