Very simple, basic calculating rakeback question
Join Date: Jun 2008
Posts: 1,131
I have an account at FTP with 27% rakeback.
I've only played about 200 hands this month there. In my PT3 database it says in the "Rake" Column that I paid $50 in rake. MGR is $50.14.
So the amount of rakeback I'd get is 27% of $50 = $13.50, correct?
What is MGR stat good for? It says "Montly gross rake" in the column description.
Join Date: Jan 2006
Posts: 886
Hi there,
Rake = rake taken out of actual pots you've won
MGR = rake based on the dealt method of allocation
In other words, when talking about MGR, they're talking about how Full Tilt actually allocates your rake and thereby pays your rakeback. That is to say that every time you're dealt a hand, the total rake at your table is divided up evenly amongst you and the other players who were dealt a hand. For instance, if there are 6 players dealt hands and the rake is $3, each players would be considered to have paid $0.50 in rake.
MGR is the relative term here regarding rakeback. Be aware that there are a number of deductions on Full Tilt from your MGR before your rakeback payments are calculated. Your payment won't always be as high as the MGR numbers in PT3 as a result. There's more information about these deductions in the Rakeback FAQ above.
Best Regards,
ThisIsTheNuts