Quote:
Originally Posted by zachvac
In sngs, every $1 you pay in rake is 5 vpps. at 1.6c/vpp (4k bonus rate, slightly below concierge value), $1 in vpps is 62.5. For the 5 vpps to be 62.5 you'd need a 12.5x multiplier. Now obviously the vpps are what are valuable for the making sne and milestones and such, but Stars doesn't really lose out on flips from most people.
Stars doesn't lose out on flips from most people. But anyone who knows they are going to get Elite they can lose a lot of value from and that's because of the extra value of all the milestones and the tourney pacakges, etc.
If you are getting all the way to Elite then you are getting about $110k for 1 million VPP's which is $0.11 per VPP if you are currently only earning 3.5x FPP's. This is about 55% rakeback on the whole year.
If you are currently earning 5x FPP's then it it is closer to $0.14 per VPP.
If you get double points then that is $0.28 per VPP for that stretch because of the Elite-value you are getting (again...this is if you know ahead of time you will get to Elite...if you fall short and only get to 600k or 800k or something you are still getting some significant additional value though).
Anyway, $0.28 per VPP during the week when you are paying them $0.20 in rake per VPP means that Elites get way more than 100% rakeback on SNG's (and most other games) if they did a 'standard' double-points week while they are still earning 5x FPP's. Flipping becomes super-profitable at the highest stakes games in the long-run.
On a $5000+$200 (or whatever it is at the nosebleeds) every time you do it you give them $200 to get back $280 or $300 or so (depends on the full value of Elite for your situation including which tourneys you play in). Not to mention that it gets you to the 'finish line' much faster.
And they will be roughly around 100% (closer to 110% actually) even if you are in the 3.5x FPP range but know you will be getting to Elite so even then it can be worthwhile if you the bankroll to do it if knocking off 100k or more of the VPP's at break-even (about 100% rakeback) is something you're interested in doing.
Obviously this does not include most players but Stars can really take a bath on the top guys flipping like crazy to take advantage of this. Since they don't allow the flips anymore it's kind of moot but just spelling it out for those who don't understand how flips can be so worthwhile especially for Elite players who intend on getting Elite again.