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Tiera Starr
Message Board Junkie
Joined: 01 Mar 2006
Posts: 2161
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 Posted: Wed Jan 07, 2009 7:14 pm Post subject: |
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When I emailed Full Tilt Support asking about this, they told me specifically that spending ironman medals does not effect your MGR, but clearing a bonus purchased with those medals would.
I assumed this meant that purchasing the clothing from the ironman store was also exempt, but I could be mistaken. I believe I was specifically told that there would be no MGR hit for purchasing tokens or FTP points, and I would not expect an MGR hit for a custom table either.
| bizarroquinn wrote: |
| mgodd wrote: |
| Does anyone know how much they take off your MGR for each Ironman medal used? |
I don't know, however, it's been estimated that each ironman medal is worth somewhere between 18 and 21 cents.
The only time using iron man medals would give you negative MGR would be buying a physical item that is exclusive to the ironman store.
Cash bonuses would hit your MGR at face value.
Buying FTP points does nothing, (when you use the FTP in the store or for tournaments your MGR gets charged -$0.005 per FTP.
$26 and $75 tokens will not effect your MGR, as they have $2 and $6 rake built into them.
I have no idea if FTP would charge you for creating a custom table. |
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rcgrady
Royal Flush
Joined: 25 Jul 2008
Posts: 501
Location: Nevada
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| Posted: Thu Jan 08, 2009 12:20 am Post subject: |
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bizarroquinn
excellent post thank you for the info. |
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rcgrady
Royal Flush
Joined: 25 Jul 2008
Posts: 501
Location: Nevada
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| Posted: Thu Jan 08, 2009 11:54 pm Post subject: |
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bizarroquinn ok how does this work?
Payment processing, using certain methods of depositing and withdrawal can negatively efffect your MGR (wire transfers, checks, moneygram, etc)
you would think they want you to deposit i can see the withdraws but deposits? that seems odd to me. |
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bizarroquinn
IQ of 260
Joined: 02 Oct 2006
Posts: 2046
Location: I WANT RAKEBACK, CHICAGO, IL
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| Posted: Fri Jan 09, 2009 2:07 am Post subject: |
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| Tiera Starr wrote: |
When I emailed Full Tilt Support asking about this, they told me specifically that spending ironman medals does not effect your MGR, but clearing a bonus purchased with those medals would.
I assumed this meant that purchasing the clothing from the ironman store was also exempt, but I could be mistaken. I believe I was specifically told that there would be no MGR hit for purchasing tokens or FTP points, and I would not expect an MGR hit for a custom table either.
| bizarroquinn wrote: |
| mgodd wrote: |
| Does anyone know how much they take off your MGR for each Ironman medal used? |
I don't know, however, it's been estimated that each ironman medal is worth somewhere between 18 and 21 cents.
The only time using iron man medals would give you negative MGR would be buying a physical item that is exclusive to the ironman store.
Cash bonuses would hit your MGR at face value.
Buying FTP points does nothing, (when you use the FTP in the store or for tournaments your MGR gets charged -$0.005 per FTP.
$26 and $75 tokens will not effect your MGR, as they have $2 and $6 rake built into them.
I have no idea if FTP would charge you for creating a custom table. |
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This might be correct. Dont know anyone personally with rakeback that has purchased items with their medals. Only bonuses, FTPs, and medals.
Buying FTPs dont directly effect MGR, but using them does. So they do get you in a way, since you're going to use them eventually right? Otherwise why would you buy them, lol.
I'd be interested to hear support's response about the items.
I would assume the custom table shouldnt effect MGR eiher, as it really doesnt cost FTP anything to rename a table and reserve a seat imo. |
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bizarroquinn
IQ of 260
Joined: 02 Oct 2006
Posts: 2046
Location: I WANT RAKEBACK, CHICAGO, IL
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| Posted: Fri Jan 09, 2009 2:13 am Post subject: |
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| rcgrady wrote: |
bizarroquinn ok how does this work?
Payment processing, using certain methods of depositing and withdrawal can negatively efffect your MGR (wire transfers, checks, moneygram, etc)
you would think they want you to deposit i can see the withdraws but deposits? that seems odd to me. |
Well when Full Tilt accepts a deposit or send you a withdrawal, it costs them money. Anytime a merchant uses a credit card it can cost the merchant 2-5% of the transaction in fees. There are also costs to Full Tilt associated with sending players their cashouts I think neteller used to charge somewhere between 5-10%, I remember 8.9% for some sites. There is also a cost to printing and mailing checks.
So Full Tilt needs to figure out how much a player has costed them in expenses and add that to the amount of money they made from the player to find their net profit. This is the number they then pay the affiliate offering rakeback a percentage of.
Most rakeback affiliates have a 2 tier affiliate account system
First tier get 20% of all the affiliates that they refer.
So they refer 1 affiliate that is also associated with them. This affiliate then does a ton of business and get 25% fees from it's players. When you add that to the 20% extra the first affiliate gets. They are getting 30% total on a players play. Full Tilt only allows affiliates to offer up to 25% rakeback, which leaves 70% profit for full tilt and 3% for the affiliate. |
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rcgrady
Royal Flush
Joined: 25 Jul 2008
Posts: 501
Location: Nevada
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| Posted: Fri Jan 09, 2009 9:09 am Post subject: |
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| thank you i can understand that |
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dodge these
Message Board Junkie
Joined: 21 Jun 2006
Posts: 1008
Location: undisclosed
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| Posted: Fri Jan 30, 2009 1:49 pm Post subject: |
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| This is really a good thread and should probably be stickied somewhere. My question is what if you save your points for a couple of years and then buy something like your own avatar, or more likely in my case some high end electronics. Anyway does that mean that you will not be getting rackeback for the next several month, because based on how many point are required to purchase them then in many cases it may be cheaper to just opt for the rakeback and then go out and buy the items. In that case it seems that either you just use them to buy into tourneys where it is a zero sum game (you don't pay $ now but you will have the same ammount deducted from your rackeback at the end of the week so you still pay the same $ just later), or you simply build up points untill you get tired of plyaing on FTP and then use them all as you will no longer be reciving rakeback in the future if you will no longer play anyway. So is there any way to actually use the points if you have rackeback and not have it be a break even proposition at best? |
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UFO1947
Take me2 ur Chip Leader
Joined: 08 Jun 2006
Posts: 5324
Location: NS, Canada
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| Posted: Fri Jan 30, 2009 3:17 pm Post subject: |
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| didn't see this asked anywhere, how do you find your MGR? I have Hendon mob rakeback so I'm ok but if there is a link that shows your MGR that would be cool |
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Tiera Starr
Message Board Junkie
Joined: 01 Mar 2006
Posts: 2161
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| Posted: Fri Jan 30, 2009 4:14 pm Post subject: |
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The value of anything you "buy" with your FTPs is deducted from your MGR, and thus only a percentage of it is deducted from your rakeback. If you receive 27% rakeback, you are effectively receiving only 63% of any bonus you buy (whether that be merchandise or tournament entries). However, 63% is still better than nothing, so you are coming out ahead.
The exception is if you consider the merchandise to be overpriced in the FTP store. For example, if you want an FTP jersey and your options are:
* pay someone else $100 to order one for you, or
* use 25k of your own FTPs and have your rakeback reduced by $33.75.
you need to decide whether you think the 25k FTPs are worth more than $66.25 to you.
| dodge these wrote: |
| ... (you don't pay $ now but you will have the same ammount deducted from your rackeback at the end of the week so you still pay the same $ just later), ... So is there any way to actually use the points if you have rackeback and not have it be a break even proposition at best? |
Edit: I recall seeing someone mentioning a cap when they spent a whole heap of FTPs at once. So you may find if you save them up and spend them all in one month, your rakeback wont be as badly impacted as you were expecting. I have no idea if this is correct or not. |
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jameric4
Three of a Kind
Joined: 03 Apr 2008
Posts: 93
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| Posted: Fri Jan 30, 2009 5:04 pm Post subject: |
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| Tiera Starr wrote: |
The value of anything you "buy" with your FTPs is deducted from your MGR, and thus only a percentage of it is deducted from your rakeback. If you receive 27% rakeback, you are effectively receiving only 63% of any bonus you buy (whether that be merchandise or tournament entries). However, 63% is still better than nothing, so you are coming out ahead.
The exception is if you consider the merchandise to be overpriced in the FTP store. For example, if you want an FTP jersey and your options are:
* pay someone else $100 to order one for you, or
* use 25k of your own FTPs and have your rakeback reduced by $33.75.
you need to decide whether you think the 25k FTPs are worth more than $66.25 to you.
| dodge these wrote: |
| ... (you don't pay $ now but you will have the same ammount deducted from your rackeback at the end of the week so you still pay the same $ just later), ... So is there any way to actually use the points if you have rackeback and not have it be a break even proposition at best? |
Edit: I recall seeing someone mentioning a cap when they spent a whole heap of FTPs at once. So you may find if you save them up and spend them all in one month, your rakeback wont be as badly impacted as you were expecting. I have no idea if this is correct or not. |
If you lost 27%, you keep 73%, NOT 63%.
But I agree, 73% of something is a lot better than 100% of nothing. |
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dodge these
Message Board Junkie
Joined: 21 Jun 2006
Posts: 1008
Location: undisclosed
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| Posted: Sat Jan 31, 2009 6:18 am Post subject: |
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| I was a bit confused deducting the ammount form rakeback not MGR. So lets say your MGR is 100 so your rakeback should be 27, but you buy that 25k item -125 so you actually have a negative MGR for that period. I assume you get 0 for that period and then the 25 carries over to the next period, or does it just effect the period that it was used for which would be the effective cap you mentioned tiera? |
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dodge these
Message Board Junkie
Joined: 21 Jun 2006
Posts: 1008
Location: undisclosed
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| Posted: Sun Feb 15, 2009 4:28 pm Post subject: |
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| bizarroquinn wrote: |
| Tiera Starr wrote: |
I know all the above, however I do have some more specific questions that I do not know the answers to. Is there any chance you have this information?
======
How about using FTPs to play satellites.
#1 Where there is a cash prizepool. (satellite to a cash buyin event)
#2 Where the prizepool is in FTPs. (satellite to a bigger FTP buyin event)
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Also, do freerolls with a FTP prizepool count against your MGR?
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And the final question I have is: what about the doubles tournaments (early double, daily double, big double).
a) Is the full fee counted towards your MGR, or only the half that doesn't contribute to the bonus pool.
b) Is your MGR affected by the amount of bonus paid for the entire event?
c) Is your MGR affected by the amount of bonus you personally win. |
Highkey is right.
For both #1 and #2 , you're only gonna get charged $0.005 per FTP used to buyin.
If you play anything that costs FTP to get in, that's all you're gonna get hit with......unless it's also a tournament that can be bought into with cash, and there is an overlay, then you will also get hit with the Player Added -MGR. Lets say you buy into the Double Deuce with FTP and there's a $10,000 overlay (yeah right, lol) you'll get charged for using the points and your share of the overlay.
As for the daily doubles, I'm not 100% sure, but since full tilt isn't making "revenue" on the jackpot funds, I would assume it does not count for MGR. This could be incorrect, I havent confirmed either way. |
But if satteliting into a larger tourney how many FTPs do you get charged with? Say you win a 600ftp stg which gains you entry into the duble duece. What you really won was 4400 points which were then automatically used to enter you into the tourney, so do you get just the 600 effecting your mgr or 5000 points? |
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MarkGreb
Message Board Junkie
Joined: 29 Jun 2005
Posts: 1805
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| Posted: Sun Feb 15, 2009 4:46 pm Post subject: |
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| dodge these wrote: |
| I was a bit confused deducting the ammount form rakeback not MGR. So lets say your MGR is 100 so your rakeback should be 27, but you buy that 25k item -125 so you actually have a negative MGR for that period. I assume you get 0 for that period and then the 25 carries over to the next period, or does it just effect the period that it was used for which would be the effective cap you mentioned tiera? |
It carries over until you work it all off. |
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mjmac85
Three of a Kind
Joined: 12 Feb 2009
Posts: 95
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| Posted: Tue Feb 17, 2009 11:58 am Post subject: |
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| Could someone please explain what MGR stands for and how you can calculate this? |
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mjmac85
Three of a Kind
Joined: 12 Feb 2009
Posts: 95
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| Posted: Wed Feb 18, 2009 2:10 pm Post subject: |
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| mjmac85 wrote: |
| Could someone please explain what MGR stands for and how you can calculate this? |
bump |
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