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Official FTP Relaunch Thread (OP updated October 26, 2012) Official FTP Relaunch Thread (OP updated October 26, 2012)

10-12-2012 , 11:41 AM
Quote:
Originally Posted by Gambit436
Sucks for micro players who continue to get ignored quite rudely. I am not sure how a Micro player who plays tournaments is going to make 100 points in a week. I obviously don't know how these points are earned in this new concept. I guess one can only wait and watch on how it actually works. I don't think anyone should worry, If the new bonus system sucks. They WILL change it. Thanks for answering questions Shyam.
100 points is $10 in rake. What kind of super fantastic rewards are you expecting if you don't even rake $10 a week?
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 11:42 AM
Quote:
Originally Posted by Shyam Markus
[*]The top level of this program is significantly easier to achieve than Black Card was.
How easy?
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 11:43 AM
Quote:
Originally Posted by FDSaussure
100 points is $10 in rake. What kind of super fantastic rewards are you expecting if you don't even rake $10 a week?
Maybe he's expecting to get the 27% that was agreed when he signed up.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 11:48 AM
Quote:
Originally Posted by Gambit436
Sucks for micro players who continue to get ignored quite rudely. I am not sure how a Micro player who plays tournaments is going to make 100 points in a week. I obviously don't know how these points are earned in this new concept. I guess one can only wait and watch on how it actually works. I don't think anyone should worry, If the new bonus system sucks. They WILL change it. Thanks for answering questions Shyam.
so ur not raking $10 a week and are crying about rakeback? Sorry u wont receive ur extra 1c/hr. Im sure the lower rake that pokerstars has offerered the last year will more than make up for ur inability to beat the 1c2c games without rakeback....
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 11:49 AM
The new rewards program sounds better, everyone gets cash back payments now, no more middlemen. Can t wait untill it opens
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 11:50 AM
Quote:
Originally Posted by MilkFi5h
Maybe he's expecting to get the 27% that was agreed when he signed up.
he agreed to get 27% from an affiliate. If ppl are so bent outta shape about it, sue the affiliate then.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 11:50 AM
Quote:
Originally Posted by DavidNB
The new rewards program sounds better, everyone gets cash back payments now, no more middlemen. Can t wait untill it opens
It sounds good if the top level is actually easy to get.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 11:53 AM
Shyam, can you precise what this means on affiliates exactly.

The end of rakeback surely means the end of the old affiliate program. However, will affiliates:

1) Be ignored all together, not receiving compensation from their old commercial agreement with Full Tilt Poker

2) Migrate toward a new affiliate program, not necessarily under the same conditions as the old FTP one, but still receiving compensation for the affiliated players.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 11:53 AM
Quote:
Originally Posted by Mattraq1
he agreed to get 27% from an affiliate. If ppl are so bent outta shape about it, sue the affiliate then.
FTP paid it directly so....?

I think the new thing sounds good btw as long as it's achievable for low volume/ low stakes players.

I don't think people should have to rake thousands a month just to get what they were getting previously.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 11:55 AM
Sounds good to me!
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 12:03 PM
Quote:
Originally Posted by Shyam Markus
Hi all,

Some of the biggest remaining questions are being answered today.

At the beginning of this year, well before PokerStars entered the picture, we had begun work on a new rewards program that would combine aspects of Iron Man, Black Card, and affiliate-paid rakeback. The three programs had their advantages, but overall it was too many programs, and they were confusing to many players.
Not unless you were dumb... this is just an excuse to promote a new system that has obviously been pushed onto FTP by pokerstars. I can see pokerstars written all over this "new system" and the pokerstars VIP system sucks! and the fact you say "well before pokerstars entered the picture" makes me think your over compensating something and trying to hard to sell this new system.

The whole reason i played at FTP was because of the rewards system with blackcard, iron man and rakeback. I used to rake between 2-3k a month on FTP because i enjoyed playing there, how much do you think i rake on pokerstars now because i cant play on FTP... its about $100-200.

People played on FTP because it was different to PS, this is just the first step in FTP becoming more and more like PS and i will end up just not playing poker because of it. sounds silly, i dont know why, but i barely play now on PS, how is it that someone can go from 2-3k rake a month on FTP to not playing for 6 months and then $100-200 rake on PS just because i hate the software and the entire system they have. im sure im not the only one.

oh and now your doing weighted contribution? might aswell just deposit FTP cash owed into the PS databse, basically the same after these changes. After-all its not like FTP has to offer a competitive rewards system anymore because the company of PS have a monopoly on the entire poker world now...wonder who allowed that to happen?

US govt "ermm we have no control over this, this is unlike us we must control everything and impose our views on everything...hmm ok lets ban online poker...thennn.... then we shall make up some false allegations surrounding the entire industry and arrest and shutdown everything, but so that we look good we shall blackmail the owner of PS to buy FTP to give the "people" back their money, however now we have the monopoly on everything and can tax the arsehole out of the entire industry while keeping the puppet strings on Isai" nice one.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 12:06 PM
Quote:
Originally Posted by Mattraq1
so ur not raking $10 a week and are crying about rakeback? Sorry u wont receive ur extra 1c/hr. Im sure the lower rake that pokerstars has offerered the last year will more than make up for ur inability to beat the 1c2c games without rakeback....
Certainly not crying about rakeback. My thought process was purely on the fact that new system pretty much sucks for the micro players. I was moaning about lack of depth for the people who follow bankroll management on the micro stakes!

Last edited by Gambit436; 10-12-2012 at 12:29 PM.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 12:06 PM
Quote:
Originally Posted by Shyam Markus

The program tops out at paying $2.50 for every 100 Full Tilt Points earned (which works out to 25%).
[*]We will have a transition from Iron Man and Black Card to this new program, so long-term players of both promotions will likely get a leg up in the new program from the start.
So basicly you expect us to return to FTP to play for a maximum 30% or so rakeback after for a year having gotten 50-60% at Euro sites. I'm sorry but as big a fan of FTP as I was that's not gonna happen.

Also apparently per the above you need to have been in the Iron Man (and possibly Black Card) for awhile to even be able to reach the 'top out' level. So anyone else will get less.

You will have to add new programmes on top of this to stay competitive and you're already alluding to black card returning.

So in the end this is all about stripping value from those with rakeback and from those with many months of iron man.

At least I won't have to worry about splitting my time with yet another site again. Just give me my money back.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 12:21 PM
FTP is gonna loose a ton of players on the nl10 and nl25 levels. Playing there for a couple of hours 15-20 days a month for awhile gave you a decent total rakeback which at those levels was/is impossible to get at Pokerstars.

If you managed to move up fine. Then you could stay or try out Pokerstars. If not it was actually worth it as long as you were at least close to break-even on the tables.

I can understand that something needed to be done about the rakeback situation. I can even believe that taking away the 35% many players cost you (27% player + 8% affiliate) will come out to something like the 'top out' 25% everyone will get now.

The 'robbing' of the hard earned iron man (and black card) value seems like a total moneygrab though. It will just be replaced by something else. It has to or the value will be too low for a huge number of players. Meaning there will be just as many 'confusing' programs. All long time players will loose the value of the many months they had in the program. Well hopefully many long time players will then stay away.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 12:57 PM
So, 100 ftps = $2.50. 400 points, $10. On ps you can get $10 with 1000 fpps. But on FT you still have the ftps to buy on store.
It looks great, how can people complain? I just need to know how harder to get the ftps are going to be.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 01:00 PM
I didn't recieve the "We will be back soon"-email. Should I start to worry now? Yes, I checked my spam folder...
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 01:11 PM
Quote:
Originally Posted by KansasCT
So, 100 ftps = $2.50. 400 points, $10. On ps you can get $10 with 1000 fpps. But on FT you still have the ftps to buy on store.
It looks great, how can people complain? I just need to know how harder to get the ftps are going to be.
Not really, the $2.5 is a maximum. At the lowest level it will be more like $0.5/100ftp. And a micro player will most likely be at the lower vip levels. Just like most of them are bronze/silver on Stars.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 01:11 PM
Quote:
Originally Posted by Shyam Markus
Hi all,

Some of the biggest remaining questions are being answered today.

At the beginning of this year, well before PokerStars entered the picture, we had begun work on a new rewards program that would combine aspects of Iron Man, Black Card, and affiliate-paid rakeback. The three programs had their advantages, but overall it was too many programs, and they were confusing to many players.

By the time the PokerStars deal came along, most of the major work on this new program was done, and it was just a matter of deciding whether or not to go with it. This was not a trivial decision, but in the end we decided that the benefits of having a unified program were worth the change. So when we re-launch on November 6th it will be without Iron Man, Black Card, or affiliate-paid rakeback.

We aren't quite ready to give all of the details of the new rewards program, but the general idea is that it will be available to everyone, and the main benefit of the program is weekly cash payments that are based on the number of Full Tilt Points earned that week. The program tops out at paying $2.50 for every 100 Full Tilt Points earned (which works out to 25%).

Some notes:
  • Unlike affiliate-paid rakeback, there are no deductions of fees (store purchases, promotions, etc…), so the 25% mentioned above will almost always beat the 27% that rakeback was giving.
  • Because the weekly cash payments are now based on points earned, FTPs will now be earned using the Weighted Contributed method instead of the Dealt method.
  • The weekly cash payments don't use up the FTPs earned, so you can still spend them in the store. This means that, depending on how you spend them, points add an additional 4-5% to the program, giving the top level of the new program a giveback of up to 30%.
  • Since there are no fee deductions, all FTPs are worth more to former rakeback players than previously, which increases the value of promotions like Happy Hour and Take 2.

I didn't play on FT before, but how I'm confused how 25% beats 27%. When you got 27% RB in the old days were you actually getting less since the affiliate would take some of it out?

The reason I ask is because the site I'm playing on gives out 35% rakeback, but the traffic sucks (merge).
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 01:13 PM
Quote:
Originally Posted by Shyam Markus
[*]If you qualified for the 2011 Iron Man Mid-Year Bonus, you will still get it when the site re-launches.
If US players qualified for partial Iron Man bonuses before being shut down in April, will those be reflected in the balances paid to us by DOJ? Were they paid already?

My account balance changed several times from April 2011 to June 2011 before Full Tilt went off the air -- one was Take 2, one was that week's rakeback -- and I can't remember if one of those changes was from Iron Man payments. I'm leaning towards no, though.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 01:16 PM
Quote:
Originally Posted by reputablemember
I didn't recieve the "We will be back soon"-email. Should I start to worry now? Yes, I checked my spam folder...
You shouldn't, I think. I haven't received it either.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 01:17 PM
I dont know what to think of all this.
Guess we'll have to wait and see what this system is like by actually playing it.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 01:27 PM
Well, that clearly screws all high volume players of a large amount of rakeback, with the old system I got something like 40%, guess I'm just cashing out on FTP
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 01:27 PM
Quote:
Originally Posted by chaser3
I didn't play on FT before, but how I'm confused how 25% beats 27%. When you got 27% RB in the old days were you actually getting less since the affiliate would take some of it out?

The reason I ask is because the site I'm playing on gives out 35% rakeback, but the traffic sucks (merge).
You got 27% of your net rake not gross, so deductions were made when you claimed bonuses/bought items from the store etc. What he means is that in the new system there are no deductions and so 25% Gross Rake > 27% Net Rake for most players.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 01:34 PM
Quote:
Originally Posted by atisz
Not really, the $2.5 is a maximum. At the lowest level it will be more like $0.5/100ftp. And a micro player will most likely be at the lower vip levels. Just like most of them are bronze/silver on Stars.
Ah ok, that makes sense and sucks.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote
10-12-2012 , 01:34 PM
Is this 25% rakeback thing directly from FTP and for every single FTP account? Even if you didn't get rakeback before FTP stopped running?

Sorry if this question has already been answered.
Official FTP Relaunch Thread (OP updated October 26, 2012) Quote

      
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