Originally Posted by swamplicker
Something everyone should know about FTP's and I'm sure many already do but for those who don't (man I need a coffee)......when you first sign up with Full Tilt you get offered your 100% matching bonus, where they explain that each FTP that you earn is worth .06 so for example 100 FTP's earned = $6 toward your bonus, sounds easy enough. The reality is once your bonus accumulation period is over FTP's are worth only half a cent or 200 FTP's =$1. Keep in mind as well when working toward your bonus that only your rake is counted toward the bonus ie. $24+2 SNG you make .12 toward your bonus and not 26x.06 for what I originally thought would be $1.56 toward the bonus. To further add to what some may think is misleading (I did which is why I clarified this) when they run the happy hour and you get double or triple the FTP's this does NOT count toward your bonus. So if you play a $24+2 SNG during happy hour only the original $2 in rake is counted toward your bonus and not what I thought would be double points. You will still get double or triple points during happy hour but only the original regular rake will count toward the bonus. Clear as mud????
Therefore if you are a tournament player and you deposit $100 you will need to play 834 $24+2 tourneys to collect the full $100 matching bonus (2$ rake x .06 x 834=$100.02). Personally I find this to be rather deceiving as you are given the impression that you put in a hundo and you'll get a hundo in return but like the old saying goes "if it sounds to good to be true it probably is". This bonus is great if you are or plan on being a Grinder. Personally I'm not as I find playing thousands of tournaments a year to not only be mind numbing but it also leads to sub par ROI's. If you don't believe me on this last point check out the Full Tilt MTT leaderboard and look at the leaders stats on OPR (Official Poker Rankings). The proof is in the chocolate pooding (yum. I haven't done the calculation for ring games but it stands to reason it's just as absurd.
Have fun collecting those points
BTW I'm sure pokerstars makes it just as difficult but I could be wrong.
I understand what you are saying. TBH its a newbie thing.
All bonuses are pretty much like this, so it is what it is.
Bonuses are difficult to clear whilst playing tournaments because you simply dont pay all that much rake (commission to the site) hence you dont get all that much back. If you play cash games where each hand is raked, you would clear that bonus in no time.
Bonus clearing is more beneficial to cash players than tournament players because the cash players pay far more rake.