Joined: Apr '11
Location: Romania
Age: 58 (M)
Posts: 2432
Among the changes to Full Tilt Poker ahead of the November 6 relaunch is a reworking of their VIP and player rewards system. The following is an analysis based on the information that has been made available so far. Old VIP System New VIP System at Relaunch 27% flat rakeback (based on net rake) Weekly payments up to 35% maximum Full Tilt Points (FTP) Store Full Tilt Points (FTP) Store Iron Man Status No Iron Man Status Black Card No Black Card
Joined: Sep '12
Location: Romania
Age: 33 (M)
Posts: 1052
That is good for players who return on FTP, i espect a black friday after PS will lose profit from rake... but this will not happen on next year... anything is possible
Joined: Apr '11
Location: Romania
Age: 35 (M)
Posts: 6669
Saying that they give up to 35% rakeback isn't available to all players, i bet that you need to make tons of rake in order to qualify for that level...
To me sounds more like the current VIP system that they have on Pokerstars now. I think the best thing is that well get the money back
Joined: Jan '11
Location: United States
Age: 60 (M)
Posts: 3361
I do believe once things get rolling and the new FT has time to eveluate profitability and player base they will implement somegood things for the players. I mean they can't just open the doors to a new site which that's basically what it is with the same name and hopefully software. Once things appear to being good for the site it will be good for players.
Joined: May '08
Location: Lithuania
Age: 39 (M)
Posts: 10090
i really think that ft will have similar rakeback to stars, maybe they will reshuffle the offer in a way to make us think that it's a different thing, but in reality stars will have no financial reason to give back players more than they are giving away at stars? this would make no sense form business point of view
Joined: Apr '09
Location: Portugal
Age: 44 (M)
Posts: 4827
The Iron Man and the Black card are stuff that may recover their life in the future, not now in the begining because there are still lots of things to solve. I am sure PS will only advance with those different ways of working after having having the site working on cruise velocity. We have to give them time to readjust. After all, for more similar that things are, they will have to do that work in a complete separate way from PS, or else things can get mixed and problems can appear faster. It's like having a company/group managing two different concepts of supermarket. Their management has to be done in separate ways or else the only thing they can be thinking for the future is the fusion, and no one wants a fusion between PS and FT, they have two diferents ways of working and they should keep that way, or else the market offer will suffer another big disapointment, if FT disapears again to join PS system.
Joined: Apr '11
Location: Romania
Age: 58 (M)
Posts: 2432
Old vs. new systems: total rakeback Adding the numbers up, and factoring in any deductions from the old 27% rakeback payments, one can see that players on the old system recieved between 27% (rakeback only, no FTPs spent/other promotions) up to around 64% (rakeback, FTPs, Iron Man, Black Card) in their first year.
It can be assumed that the rakeback value of the new system is between 5% and 35%, due to the lower tiers of weekly payments and the absence of Iron Man status and no Black Card upon relaunch. The maximum figure of 35% can be attained by up to 25% in weekly payments, 5% maximum rewards from the FTP Store, and an additional 5% of benefits from happy hours.
27% rakeback vs. weekly payments Full Tilt PokerOld system of 27% affiliate-paid rakeback: PokerStrategists received 27% weekly rakeback on their net rake. All bonuses and the worth of FTP points spent were deducted from the gross rake.
As a rule of thumb, the net rake worked out to be ~80% of the players' gross rake after deductions. This rakeback came from affiliates.
New system of weekly payments: The top payout in the new system will be $2.50 for 100 FTPs, which is equivalent to 25% rakeback. Players with a lower volume can assume that their weekly payments are worth significantly less. The required volume to reach the top payout level is still undisclosed.
------------ Full Tilt Points (FTP) store Old system: Players earned Full Tilt Points (FTPs) for every dollar paid in ring game rake or tournament entry fees. While tournament players earned 10 FTPs per $1, the amount of FTPs earned in ring games was dependant on how many players were dealt into the hand.
New system: Ring game players now earn FTPs on the Weighted Contributed method, meaning that the amount of FTPs earned depends on how much you contributed to the pot.
The FTPs can still be spent in the store and Full Tilt Poker have said that the value of these FTPs is now up to 5% rakeback, depending on how they are spent. The key difference is that these points no longer lead to deductions from the weekly payments.
Joined: Apr '11
Location: Romania
Age: 35 (M)
Posts: 6669
Posted by Greenmohave: I do believe once things get rolling and the new FT has time to eveluate profitability and player base they will implement somegood things for the players. I mean they can't just open the doors to a new site which that's basically what it is with the same name and hopefully software. Once things appear to being good for the site it will be good for players.
Lets hope that they keep the original software, i bet that if you make a pool along all players that used to play on full tilt poker you'll discover that they were more interested in the software than on the 27% rakeback deal!
I also thing that at beginning they'll offer something extra too to attract more players!
Joined: Apr '11
Location: Romania
Age: 58 (M)
Posts: 2432
Iron Man status
Old system: Players on Full Tilt Poker could also get additional rewards for hitting FTP targets each day (from 50 to 500 daily FTPs) on consecutive days. Players earned Iron Manmedals or entry to VIP freerolls depending on their status and loyalty.
Players that earned Iron Man status were also eligible for half-yearly and yearly bonuses, depending on their status and consistency. Bonus medals were awarded if a player made more than 1000 FTPs on a single day.
If players used this promotion in an optimal way (i.e. by only reaching the exact minimum requirements every month), the overall value was up to 37% additional rakeback in the first year.
New system: The Iron Man system is no longer in place.
------------ Full Tilt Black Card
Old system: Players that made at least 500 FTPs per day through a rolling average of 100 days received bonus FTPs and were eligible to buy bonuses ranging from $50 to $5,000 from the FTP store.
The FTPs spent on the bonuses were worth between 7.6% and 14.3% additional rakeback.
New system: The Black Card system is no longer in place.
A promotion called Black Card will return, though according to Full Tilt PokerPoker Room Manager Shyam Markus it "will be entirely different. Nobody should be counting on that promotion as something that will increase their total giveback."
