Negative Rakeback?

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Jonoman92 United States. Jun 11 2009 19:28. Posts 280

edit: nvm I'm just dumb. It's all good.

"So I'm a SC player trying to get into poker. I recently deposited $500 on cake and am trying to figure out what is going on with rakeback. Cake and LP have differing statements of how much rakeback I've earned.

I recently starting playing at cake poker through the 33% rakeback thing and the 110% deposit bonus.

-This is what LP statistics say. (How can I have -$22.43 rakeback?)
June 8, 2009 Cake Poker 1166962 $-22.43 33.00% $-7.40
June 9, 2009 Cake Poker 1166962 $8.69 33.00% $2.87
June 10, 2009 Cake Poker 1166962 $25.90 33.00% $8.55
Total $4.01

-Now this next thing that I found on cake poker basically says that you are able to get rakeback and clear the bonus at the same time, but you'll have a slower time clearing the bonus (since usually it is 1 FPP per $1 rake and 7FPP per $1 in tourney fees)

"We’re pleased to announce our very own Bankroll Stimulus Plan: There will be ZERO deductions against your Earnings starting May 1st, 2009!!!
To facilitate this new Bankroll Stimulus Plan, we’ve made some changes to your FPP rules (see below):
Ring Games: 0.5 FPP for every $1 in rake.
(example: .25 FPP for $0.50 raked at the table)
Tournament: 3.5 FPP for every $1 in fees.
(example: 1.75 FPP for $0.50 in tournament fee"

And on Cake it says:

Hands Dealt 2484
Hands Raked 812
Total Rake $41.56
Entry Fees $0.00
Total $41.56
Earnings: $13.71"

0 votes

~~sMi.Arcology SC For Life!

Last edit: 14/06/2009 12:24

Cooper83 . Jun 11 2009 19:33. Posts 288

I have the same thing, I think they deduct the first time deposit bonus from your RB but I could be wrong.

bigbb33 Canada. Jun 11 2009 19:45. Posts 3679

Yes, they count some things against rakeback. Deposits sometimes, along with any store purchase. As far as I know negative rakeback is never withdrawn from your acct: you just have to get more rakeback to cover it.

they see me trollin, they hatin

CrownRoyal United States. Jun 11 2009 20:41. Posts 11385

no, cake recently changed their policy about deductions from rakeback.

they shouldnt be able to deduct anything but in turn you only get 1/2 as many fpps aka 1/2 as many gold chips and you earn your bonus slower

WHAT IS THIS

CrownRoyal United States. Jun 11 2009 20:41. Posts 11385

post the screenshot of ur vip status screen so i can tell you whats up

WHAT IS THIS

Jonoman92 United States. Jun 12 2009 02:49. Posts 280

CrownRoyal that is what I thought as well. It seems that they are slowing the rate at which cake players earn the FPP and still deducting the bonus from rakeback.... Which is completely bogus.

~~sMi.Arcology SC For Life!