Yes. At least that's how it's been before and we are all pretty much assuming that is still the case now.

I think your thinking something along this line:

Assuming someone gear 10 was putting in 50% of their volume during double VIP days...then their effective RB would be (.25*1.5)+.133 = ~50% RB

That would be the case if their were not a limit to purchasing 3 bonuses per VIP level. To demonstrate it, let's say someone were raking about $1k a month. With the double VIP days, that person would end up with 15000VIP points at the end of the month. 6000 for $150, 3000 for $60, 2250 $37.5, 1500 for $15 for a total of $262.5 with 2250points left over which you can only spend getting 1:1 on tournies. Even if we add that up, $22.5 + $262.5 +$133 in bonus...we end up with about 42% RB. The value of it goes down even further if you rake more.

Do the same calc with gear J and your looking at 45% RB from VIP plus 13.3% from bonuses which ends up being a better deal than RB since no VIP points would end up being used for tournies and your getting a better RB deal where it is worth giving up the daily RB deposit.

With 35% RB we will clear bonuses at 8.66% and still get 6.5% (assuming we have no volume during double VIP days) VIP points RB that can only used be on tournies roughly giving us 50% effective RB. Add in the fact that 35% is paid daily then RB is a much better option than VIP even when putting most of your volume during double VIP days when your at the gear 10 level or lower.

I think with the new VIP level, it will depend on how much you rake per month and how much you can take advantage of their promos so which is better, RB or VIP will differ from person to person with majority of players being better with RB than VIP.

Edit: I forgot to mention affiliate Rake chases. I'm assuming you will no longer be eligible for them if you switch over to the VIP scheme. I'm not sure how drastic the changes are going to be but it is still extra RB that you will be giving up if you switch over to VIP.

I don't play on RPM but it seems like you shouldn't use your VIP points on tournies, you might as well save it for months were you dont get enough vip points to cover all three bonuses per level and use them then. This is really only for the people on the highest level that would have extra points every month.

So Im a UK player with RB that had been nearly at the 10K $100 bonus limit. I got put at 9 Gear and could clear 3 x 20 for 3K Points and I did that now - not understanding what that might mean re RB etc.
Is that affecting my status re RB?

I'm confused, it says rakeback players will no longer be able to exchange VIP points for cash, but I just did it at 2000 pts for $50 in 10 gear and I'm a rakeback player...

tl;dr post

Just for fun I crunched the numbers for what kind of RBish I could expect. These are more of personal numbers so it will be different for everyone.

All calcs assume you will hit Wed and Thurs daily promos 4x a month and ignoring monthly promos like KotR and such.
All calcs assume you are clearing a bonus at all times. With all the promos, their is no reason why you should not be.
For RB, assuming 33% of volume is played on double VIP days.
For VIP, assuming 50% of volume is played on double VIP days.
Here is a comparison for someone who is raking about 2.5k a month RB vs Q high VIP.

RB
Rake: $2500
Rakeback Deposited Daily at 35%: $875 (2500*.35)
Bonus Cleared at 8.66%: $216.5 (2500*.0866)
VIP points at 6.5%, 33% VIP double days: $216.13 (2500*.065*1.3)
Daily Promos: $40 from Thursdays, $436 from Wednesdays
No rake chases included in calc until further info.

$1784 (71%) total RB with $1131 (45%) being cash and $652 (26%) being tournaments.

VIP
Rake: $2500
VIP points: 37500 (2500*15) We are assuming 50% of volume is on double VIP days.
VIP points redeemed: $1255 (3*350+150+50+5) Assuming we do not save points.
Bonus Cleared at 13.3%: $332.5 (2500*.133)
Daily Promos: $40 from Thursdays, $436 from Wednesdays

$2058.5 (82%) total RB with $1622.5 (65%) being cash and $436 (17%) being from tournaments.

These calcs are a little premature since we are still missing some information, especially how will rake chases by affiliates be effected. Also, your miles may greatly vary from person to person. These calcs are based on many personal reasonings. I am a FR nit and know I can hit those daily promo goals. The VIP scheme seems to be in favor more for players like me. Until Q gear, it seems like RB is a better choice, even when some of that RB will be coming from playing tournaments.

Some can argue that you if you mostly do double VIP days, save your points until your Q, and then redeem them you might be better off if not equal to rakeback, mostly due to the fact that you receive less of an RB percentage with tournies that way. That might be true but imo it is not worth giving up a daily rb boost to your bankroll to save some value a few months later.

/tl;dr post

Yea I noticed that too. I'm hoping its not a glitch or something but it will most likely end up being that Would be awesome value on top of RB if we were allowed to do this.

What if RPM were to allow this, but implement some kind of waiting period before converting after switching into the VIP system.

Are RB players still going to earn at 6.5/1 or will we be getting 10/1 now?

What if a player signed up through an outside affiliate for RB, will they be able to switch to the VIP system ever?

Seth,

This has been asked a bunch of times in this thread yet remains unanswered. Can you please clarify?

Actually, if I might make a suggestion, Seth - could you set aside a half hour that you'll be on today just to answer questions in this thread? Clearly, a lot of us, myself included, are a little confused on some of the details of the new program.

can australians play on there now?

Is there even a clear explanation of which tournaments exactly can be entered with points?

Really need to get this cleared up.

Such a change to the value / usability of points and whether it will affect your status re RB should be dealt with a lot better than it is now I think.

Why would RB players ever get 10 to 1 when they're still only generating 6.5? Pretty sure this question answers itself. Curious as to whether you guys thought RB players would be getting more/less and your logic

Well, right now, I'm just using the points to play Badugi tournaments all day. BADUGI!

FYI, it looks like most tournaments can be entered with points.

lol what?

Currently RB players earn VIP points at the rate of 6.5 pts for 1$ raked (-35% ldo). Non RB players currently earn 10 pts for $1 raked. People have been asking if RB players would be earning VIP points at a different rate than the current 65%. My statement implies, if RB is still 35%, why would the rate they earn points change?

The 35% is unrelated to the accrual of VIP points. VIP points added another 6.5% rakeback under the old system for a total of 41.5%.

Still, I think you are correct, there is no reason that they would now change this to a higher accrual rate. The question that remains is whether you will accrue VIP points at all as a rakeback player, although I would think someone playing today should be able to answer that question for us.

Confirmed getting pts.

I played a small amount today. In Player Admin > Points Ledger it days No records found for this specified date....

DON"T PANIC!! It doesn't show for all dates I checked last month either. Must be a bug.

I don't know what my total points were prior to today. That people have not come screaming into this thread makes me think it is still as it was.

^^^ my points ledger has been blank for a few days now.

I thought points ledger only showed points spent? Am I missing something?

It would also show points earned.

I wonder if by doing this you are automatically put on the VIP program and forfeit rakeback?

Confirmed glitch and will be reversed.

You can definitely exchange points now, glitch, "feature" or auto opt-out on rakeback. RPMSeth can you check this or you will get PM from anyone who clicked the button.