Rakeback OR freerolls?
Anyone else shocked that if you recieve rakeback, your freeroll/points tournaments are not free? If you do not recieve rakeback then they are totally free, but if you do earn rakeback, every freeroll that you enter you pay for. This is because 'they' divide the pot between the number of players in it and take it off your rake... ok so its a small amount but its not far off what you would pay for a tournament that had the same amount of money and players in it.
(This is true for guaranteed pots aswell - if the pot is not met by total buy - ins, then the extra is divided and subtracted from rakeback)
I think the most unfair part about it is that you earn points by playing, and you can do many things with them including enter tournaments, but if you do use your points to enter any tournament, then you get your rakeback reduced at a rate of $0.50 per 100
points.. so for arguments sake, if you decide to enter a sat to a $1 tournament for 60 pts you will get 30c taken off your rake...which is what you would pay if you paid cash..yes? (25 + 5) so your actually spending 60 points AND 30c out of your rake that you would get if you did not enter it.
I also found out that if you get a bonus, any money actually released is deducted off your rakeback...so its not really a bonus is it then? because you would get it on the friday anyway!!
Im not exactly complaining but i am just really shocked, although i do think its unfair that they boast about giving so much money away in freerolls
aswell as giving rakeback and then do not say anything about the deductions, i think that because of this, freerolls are not free, guaranteed pots never have overlay, bonuses are ours anyway and it does still cost you in some sort of way to use your points.
I only found out because i decided to spend all of my points entering tournys and got 0 rakeback haha.
Do you agree?
Was you already aware?
All of the above is only certain of Full Tilt Poker