please explain how redeeming points earned at 65% rate while on rakeback would be manipulating the system.

Excuse me, I never said that?

Rakeback players are not allowed to exchange points for cash. So, yes, accumulating points as a RB player and then switching to VIP in order to be able to exchange those for cash would be manipulating the system.

Of course I don't have the "official" answer to this but Rizen will clear it up shortly I am sure. I am pretty sure he already discussed this I will try and find out.

That is one way to look at it I guess....however, before vip was implemented many rakeback players earned alot of points that at the time could be converted into cash. Overnight the ability to convert these was taken away (without warning). I do hope to change to VIP at some point when Lock clarifies the benefits (ie casino bonus value)...and when I do switch to VIP, I would hope to be able to redeem all my points for cash. I really dont think i would be manipulating anything, but rather I would be working with the ever changing system Lock has presented.

Rakeback players that had points saved up were able to convert these to cash simply by emailing support, and rightfullly so.

However, after June 1st the situation is way different. Rakeback players and VIP players are completely different so I doubt Lock will allow players to manipulate that (points still could be used for tourney buy ins and such), but like I said above we will wait and see for official confirmation.

Quote:

Originally Posted by Ebes12 Rakeback players that had points saved up were able to convert these to cash simply by emailing support, and rightfullly so.

It would have been great to know that I could have simply converted my points with an email

so when i switch, in your scenario, i would have two stacks of vip points...one old stack, good for tournament buy ins, and a new stack that i could use for converting to cash. That not only seems silly, but I dont think merge/lock could handle the separation of the two stacks, lol

Okay well I don't want to lead to any more speculation let's just see what is said. Hopefully I will have a few hours soon to search on what exactly has been previously said about this. Thanks and sorry for the confusion.

I agree. This is the first time I'm hearing about this as well.

Lock is doing a lot of things better than the competition but they are still lacking in a few major areas; most significantly, communication.

VIP points are VIP points, you are free to save them until you reach the highest VIP level and then exchange them if you want. Any VIP points in your account can be exchanged at any time once you're on the VIP program with the daily limits of at least 100 pts and no more than 10,000 points can be exchanged within a day.

Hope this clears it up. Short version is you should be able to exchange existing points just fine.

-Rizen

I concur. Ebes and Rizen should go to couple's counseling and work out their confusion.

I understand rakeback players get 35% cashback but only 65% of points a VIP player would get. Say a black VIP player would get 20% cashback plus could use his points to buy another 20% for a total of 40%. Now the rakeback player gets 35% plus can use those points to buy stuff in the store (whenever that happens) or buy into tournaments. Is using points to buy stuff worth more than 5%?

I know people will say casino bonuses come with being a VIP...but that hasn't happened yet so who knows.

Points add 6.5% value to rakeback. The points can be used to buy into many tournaments at $1/100 pts. That requires you to play tournies to get the value, though.

There is supposed to be a Point Store coming, but I have no idea what that will be like.

How do you even use the points to register for tournaments? If I hit the register button it only gives me the option to use real money.

There are some tournaments that allow you to also buy in with points. In the tournament lobby, if you hover over the green dot with the question mark next to the buy in amount, it will show you a point cost as well if you can use points.

i still dont understand which is better, casino bonus means you have to gamble in the casino with it??

Yeah so whatever the casino bonus is, you're getting slightly less than that in value (if you just do a few spins on the roulette wheel then you will be taking like a -5.26% edge or something like that).