Questions regarding rakeback (negative)?

coolnout

coolnout

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I decided to sign up and get rakeback at FT. I looked at my rakeback account today as it just became active and it showed -.33 cents in rakeback with -$1.22 in revenue for the period of 11-03-11-9.

This isn't something I should be worried about as it's never going to be deducted from my bankroll right? I just won't see a rakeback payment until it's in the positive right? Also they deduct a certain amount for every freeroll you play in as well as guaranteed tourneys?

I guess what I'm asking is these charges won't be taken from me at any point correct even when I withdrawl? they are simply related to the earning of rakeback which I won't be paid until I am in the positive?

Thanks for the help
 
M33K3R

M33K3R

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Did you get a bonus for first deposit? If so they subtract some of that to find your rakeback.
 
jjbish

jjbish

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The list of MGR deductions for FTP is pretty long. Any deposit, many withdraws, and overlays in a MTT, bonus cleared, store purchase, etc are deducted from MGR.

So at times your effective % is less than 27% from just the actual RB stand point, but usually there is value, such as a bonus, that makes you real rate higher.

RB> no RB

Hope that makes sense.
 
H

holypendant

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to answer your question, NO-- they wun deduct money from your acct. juz that you wun recieve any rakeback until u clock enough rakeback to clear your negative.
 
coolnout

coolnout

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Cool. Thanks for the answers. Scared me at first. LOL. I think it's negative because I played a couple freerolls the other night and assume that's what the deductions are from.
 
E

EmoFrog

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its not the freerolls, im assuming u used ur ftp points. these actually represent MGR clocked
 
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