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Rakeback...

This is a discussion on Rakeback... within the LP Card Room forums, part of the Poker! Poker! Poker! category; First of all, rakeback is dispersed every Monday-Wednesday for the previous week of play. It will show up in your ...

  1. #1
    WinJStar's Avatar
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    Thumbs up Rakeback...

    First of all, rakeback is dispersed every Monday-Wednesday for the previous week of play. It will show up in your player account and be listed on your transaction history as a credit.


    Its been a long night but I have very good news. Went through all the records of everyone who signed up since we opened one week ago today. First of all aside from Pic-Club, we finally determined wire transfers for deposits and cash outs are in fact available. Due to the limited availability of depositing, some of you have resorted to player to player transfers.

    Thanks to the great help of management in Malta, every one of you whether you received a transfer from a player or deposited have been collecting toward your rakeback account when you play. As you all know, normally transfers are not eligible, but I felt we had to make accommodations for those especially without many depositing alternatives.

    Please do not contact me to make sure you are on the list. If you have played real money I can assure you we turned every stone for hours. If you do not receive any bonus by next Wednesday feel free to contact me. Because this is Rakeback and not a typical bonus, it will not appear on your bonus account page.


    FYI on points and rake paid. Every point is 10 cents paid in rake. If for example you have 500 points, you have invested $50 in rake. You therefore will be receiving $12.50 back in your bonus account. Hey, this won't take you to Hawaii, but its better than a sharp stick in the eye Everyone of you know you pay the most rake in cash games. If you play no cash games and stick to the $1 + .10 mtts, I would not be expecting a large bonus.

    Hope u all are as pleased about this money transfer thing as I am and I hope it helps ease some of your depositing grievances. You can receive transfers from friends and cash out via wire transfer and not miss out on a bonus.

    P.S. - the bonus offer is good until it expires on March 31st.
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    YAY!!!! That is excellent news!!!!! Whew..... that makes me a little less nervous about not having a way to get money on to PIC at this moment. (stupid master debit card). The money wire transfer thing is a good option, too. Will have to look into the fees my bank charges.
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    Quote Originally Posted by WinJStar View Post
    Hope u all are as pleased about this money transfer thing as I am and I hope it helps ease some of your depositing grievances. You can receive transfers from friends and cash out via wire transfer and not miss out on a bonus.
    YAY!!!!!!!!!!!

    Thanks for all of your hard work, Jen!!!!!!!!!

    Now let's work on Obama and the Justice Dep't. to repeal the online poker restrictions for U.S. players.

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    Thank you Jen!


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    So if we see 'poker points' accruing, does that mean that they will eventually be converted into rakeback?

    I like black pugs and I cannot lie...

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    Quote Originally Posted by spaceboy761 View Post
    So if we see 'poker points' accruing, does that mean that they will eventually be converted into rakeback?
    Click on the tab promotions, then rake back tab...it will show you where you are at. it updates daily. There is also a cool tab I think it's under my account which runs a balance type sheet for you, shows what tables, your buy ins, rebuys.

    Love this site!

    oh, and I got back $5.84 today for rakeback!

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    Hi ...I just joined up as ColdCase

    I'm wondering if anyone can transfer monies in my account and I will transfer monies to their FT account. This method accommodates me eventhough I miss out on the rake back offer.

    Thanks,

    CC

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    Oh...I reread Jen's post...I guess I wouldn't miss out on the rake back offer.

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    Quote Originally Posted by ColdCase View Post
    Hi ...I just joined up as ColdCase
    predictable
    Last edited by Ezzz; Today at 06:50 AM.

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