Joined: Feb '10
Location: Romania
Age: 38 (M)
Posts: 137
i have a question for ppl who reached the cash bonuses.
i have 4 gold coins and allready received 60 $ cash bonus wich i have to make 3.5 points/dolar . my question is all the cash bonuses has the same ratio? for example if someone wins 10 k that means that i have to rake 17500 $ ? what kind of promotion is that if 888poker suggest to rake that amount in max 3 months? jesus
Joined: Jan '12
Location: Slovenia
Age: 32 (M)
Posts: 1405
You don't get insta cash? Or you must rake 3.5x before you can cashout? So if i win 1.000.000 i must rake 3.5 milions hahah. That's joke. Anyway gl and get more chips.
Joined: Feb '10
Location: Romania
Age: 38 (M)
Posts: 137
i still have the coins , but i received 60 $ instant cash bonus wich i should rake 3.5 points per dolar . thats why i ask people who allready received money if they were forced to rake those money.
becouse if is like that this is the worst promotion
"The GOLD CHIPS you collected yesterday have earned you a $60 cash bonus!"
------------ ok so only 10 and 50 must be raked
$10 and $50 cash bonuses granted through winning gold chips may be withdrawn only after a player has accumulated 3.5 Status Points for every $1 of the received bonus amount
Joined: Feb '11
Location: United Kingdom
Age: 59 (M)
Posts: 5712
Wow...... I hadn't read the terms and conditions that closely! Is there also a time limit on this accumulation of status points? I think I need to go and read the Ts and Cs, not that there is much hope of me getting any higher than zero gold hips of my own volition!
That's odd when i won money from a free roll on 888 i never had the problem cashing out or needing too accumulate status points from free roll winnings something new from 888 most i won was 2 gold chips in a row shouldn't be a problem getting those points for a cash out GL.
Joined: Aug '14
Location: Germany
Age: 43 (M)
Posts: 766
Posted by host85: i have a question for ppl who reached the cash bonuses.
i have 4 gold coins and allready received 60 $ cash bonus wich i have to make 3.5 points/dolar . my question is all the cash bonuses has the same ratio? for example if someone wins 10 k that means that i have to rake 17500 $ ? what kind of promotion is that if 888poker suggest to rake that amount in max 3 months? jesus
From my experience (and I have received a lot of cash bonusses on 888) I can tell you, that the ratio has been always the same as in your case. But I have only had small bonusses up to 10 dollars and nothing as big as you suggest.
Joined: Jun '13
Location: Canada
Age: 80 (M)
Posts: 3700
The freeroll money won in this promotion is not bonus money and i tried to find if yhe gold coins money are bonus money but did not find the answer. But if it is then you need 3.5 points per dollar and to get one one point you have to pay $0.50 i rake so you would need to pay $1.75 rake to get 3.5 points. If its really like that i whish good luck to all winners.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
So it is not free money after all ? Besides you have to do the wins in a row you have to rkae the winnings also? Imagine wining the 1 million prize, how long it will take you to rake that, if you are a low level player You will have to raise your buy ins for sure.
Joined: Feb '10
Location: Romania
Age: 38 (M)
Posts: 137
i did explained in my last post edited.
you have to rake the money first 2 cash steps : 10 $ and 50 $ . whats is above you dont have to rake nothing . for example if you are on stept 4 you receive 60$ wich must be raked but if you win 200$ or above , you dont have to nothing in rake
Joined: Mar '12
Location: United Kingdom
Age: 45 (F)
Posts: 2261
He is right about the $10 and $50 prizes which is a shame but understandable from a business view. It does not say that it has to be specifically raked at poker so maybe there is an easier way at the casino games? I noticed another term that says that prizes over 10k "may" be paid over 24 months installments at promoters discretion.
Joined: Aug '14
Location: Germany
Age: 43 (M)
Posts: 766
Posted by host85: i did explained in my last post edited.
you have to rake the money first 2 cash steps : 10 $ and 50 $ . whats is above you dont have to rake nothing . for example if you are on stept 4 you receive 60$ wich must be raked but if you win 200$ or above , you dont have to nothing in rake
Wow this is really amazing stuff here. I have been playing a lot of these tournament, but I had no idea whatsoever, that you might have to in invest money to get your so called "free money. I always thought, that you have it when you win!
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
If thats is the case with above 200 then its all good. An for the installments, i dont think it will be a problem either. First win the money Then getting it bit by bit doesnt matter. Who would have a problem getting a million ion 2 years?. I know i wouldnt
Joined: Mar '12
Location: United Kingdom
Age: 45 (F)
Posts: 2261
Hey Mober.... for low prizes prizes I don't really mind either,I wouldn't withdraw those amounts and with the amount of multi accounters in these tourneys I think there is a lot of abuse with these prizes. As for the installments I would not like to have winnings of 10k paid over 24 months and I would prefer to have a million in a lump sum.There is always the chance that the "promoter" goes bust etc in that time as well.
Joined: Aug '14
Location: Germany
Age: 43 (M)
Posts: 766
For me this is not about if someone is able to rake for the money he won, it is rather a question of transperency. I must admit I did not read all the terms and conditions of this promotion, but they give you the impression, that one could win only real money!
I was going too use the bonus money for the Wimbledon free bet promotion but can't as only poker and casino games are allowed for the staus points requirment if you don't want too pay rake take your chances with casino games GL
Posted by pinotte: What about with the $200.00 you won with your 5 coins are you gonna have to make the 3.5 points to release this.
I am sitting on 4 Gold coins still have not won the 5th thinking about maybe waiting till Saturday for 5K for 2 Gold chips the $200 can be cashed out directly no points required figured out the wagering requirement for a $50 cash bonus 175 status points required so if playing casino games $2800 must be wagered as 1 status point is awarded for every $16 worth of casino bets a 56 x play through.
Joined: Aug '14
Location: Germany
Age: 43 (M)
Posts: 766
Posted by vic75:
Posted by pinotte: What about with the $200.00 you won with your 5 coins are you gonna have to make the 3.5 points to release this.
I am sitting on 4 Gold coins still have not won the 5th thinking about maybe waiting till Saturday for 5K for 2 Gold chips the $200 can be cashed out directly no points required figured out the wagering requirement for a $50 cash bonus 175 status points required so if playing casino games $2800 must be wagered as 1 status point is awarded for every $16 worth of casino bets a 56 x play through.
Congratulations mate for your 4 gold coins. I have not even won a single one so far. Is it true, that you need to reach the top 100 in tournamnets following each other directly? Or can you miss one or two and then play again?
Top 300 in the 2K tournaments for a Gold Chip. Top 100 in the weekly 5K for 2 Gold Chips. I am pretty sure that too get into the 5K tournaments you need too have completed some of the daily missions for more 2K tickets. As far as i know reading the terms and conditions of the money grab promotion you can miss as many as you want without having the Gold Chips reset back too zero GL.
Besides you have to do the wins in a row you have to rkae the winnings also? Imagine wining the 1 million prize, how long it will take you to rake that,
