Can anyone explain how the VIP system works if you have Rakeback?

-Is it the same with or without Rakeback? If not, how does it differ?

-Do the points reset at anypoint(each year, etc....)?

-Is there an official release date on the VIP store?

-Does this bonus, or any bonus, affect Rakeback?

Sorry if this is covered somewhere. I tried searching the forum and could not locate any info on it. I also looked at the website but its unclear if the VIP Program differs if you have Rakeback. I believe I read that it does. Thanks everyone!

Hi there,

The VIP system is more or less moot if you have rakeback; your VIP status (as far as the cash back goes) does not matter if you are a rakeback player. The VIP system is designed for users who are not receiving rakeback in their accounts to receive cash back for their play.

None of the bonuses that RPM Poker offers affect your rakeback. No bonuses come out of your rakeback payments.

The only thing that's different for rakeback players and VIP players is the VIP Points to Cash conversion. Since rakeback players earn points at a slower rate as players in our VIP Rewards system, rakeback players can exchange points to cash at a rate of 6.5% effective cash back, whereas VIP Rewards players can exchange points to cash at a rate of 10% effective cash back.

There is no "official" release date yet for the VIP store, but we have been working on it and are excited to launch it in the future.

RPM Seth

Ok, so what I'm misunderstanding is that you say that the VIP Program is basically moot if you have Rakeback. Then you say that Rakeback players can still exchange VIP rewards at 6.5% Cashback instead of 10% Cashback. So, is that a different program? I'm not fully understanding and it doesn't explain it very well on the website. So, as a Rakeback player do I get to participate in the VIP Program? Or are you explaining a different program when you speak of the 6.5% vs 10%?

You still earn points if you have rakeback. You earn points at 65% of the normal rate if you have rakeback. So when you cash the points in it only equates to 6.5% rather than then normal 10%.

Rakeback players don't participate in the VIP Rewards program and vice versa.

You still earn VIP points, but you earn them at 65% of the normal rate. You will still be able to use these points for tournament entries, points to cash conversion, and items in the VIP store when it is launched.

I thought we still get the 1st gear, 2nd gear VIP club things just at a slower rate?

So rakeback players are effectively getting 41.5% rakeback if you include exchanging points?

im thinking about joining RPM soon heard good things about it, I noticed rakeback daily into your account and that is awesome. But I also heard this messes with the amount of vip points you make so you cant change gears or exchange points for money as fast? this is confusing if RPM seth could elaborate for me please. also im a micro stakes player what is the best way to deposit/cashout for a u.s. player?

Read above, my friend!

Yes, assuming you play enough or high enough to get to 10k points if you are doing cash for points.

If you want to play some tournaments, you can use points for buyins starting right away.

You can also play "VIP" point SNG's and rack up a bunch of points...

From what level do you consider the minimum and optimal level to starting doing cashback?
For sure, there is no point to start the cashout before at least the level 9.
I was doing some calcs here, and rakeback is much more +ev than this cashback reward.
=(

Wait... I was under the impression rakeback players cannot convert points to cash - that we could only use them to enter tournaments and such. Is this not the case? Did I misunderstand?

Rakeback players cannot exchange points to cash, but can use points to buy in to real money tournaments.

Even at higher rates if you cash the tourney's .. I'm pretty bad at tourney play and i'm over 50% rate of return on my vip points to tournament entry. I'm about to turn J gear, so rakeback is far better 35% to 30%. Q gear is another 50k points 6 months at my play rate and is breakeven for rake back.

10 pts vs 6.5 points gets me bonus clearing (assuming I have one) is $100 vs $111 rake for 10 bucks so 10%+ to bonus or 45% vs 43.6% .. if I converted at Q level

However I can use my points at 50% roi (about minimum for my tourney ability) for 3.25% more and 43.6 goes to 47.1% rakeback. Even though I suck at tourney's I enjoy playing them on the weekend so even at Q gear with a bonus I do better with rakeback. However it gets close .. K gear is the point of switching for me and that is 1.5 years away, not sure if all this is viable for that period of time but we will see.

For non-rakeback players just got to grind that $1000 in rake to get to 25% and your better than stars gold star which is doable, but merge rake is pretty brutal.

Seth, These two posts appear to contradict each other. Are you saying RB players cannot PRESENTLY convert points to cash, but WILL be able to when the VIP store opens?

^^^ I think this was the old school program before 6/1 or when the new vip system came in. Luckily I hit 10k right before the change and I could by $100 for 10k with normal rakeback. All this changed with the new system and points are only good for tourney's, VIP store may change it but I doubt we can buy cash with points as our rakeback would be 6.5% greater.

This was my understanding, but it appears Seth is saying this will change with the new VIP store....hence my request for clarification from him. My play has been picking up so it would be nice to be able to use these points eventually. Tourney's are worthless to me.

In the past, rakeback players were able to exchange points for cash. As of 6/1, though, this changed. Only players who participate in the VIP Program can exchange points for cash.

Protip: look at the dates of the posts you quoted.

From going through your post history you have been promising a VIP Store for years! I wouldn't hold my breath for that coming to fruition.

Rakeback is not an option unless you had it before 6/1/2011. So if your new then VIP is your only choice. For others you really have to use a calculator but in most simplistic terms break even 35% is Q gear or 100k points. At 10 pts per $1 rake that is 10K of rake. Another 10K of rake gets you 40%. At 20K rake I think VIP beats rakeback. Where it gets complex is factoring in Bonus, and ROI of your VIP points in tourneys for rakeback players.

VIP is not to good considering Merge rake rates until you get to Q gear and that is a grind. I'm glad I'm rakeback or I would go busto.

https://docs.google.com/spreadsheet/...2dBd0pVX1AyZ2c

It explains what percent of your rake you get back from bonuses, vip points, cash redemption, and rakeback.. Cash Redemption is only for VIP players.


It becomes profitable to switch from rakeback to VIP at Gear J.

Gear J's total rakeback % is 51.90%
For players that receive rakeback at night, total rakeback is 52.02%

It becomes profitable at Gear J because you will be advancing to a higher Gear faster.. which would definitely make up for the 1% loss in rakeback..

Also the monthly/daily promos they have are mostly based on VIP points.. The more VIP points you have.. the more you will qualify for bonuses.

Recently got to J gear and have 67k of unspent vip points. If i were to switch to the vip system does my 67k vip points reset? Should i spend them before i switch to vip?