Party Poker Encash Offer???

[puckboy]

Hi all

Hope this is in the right forum, but here it goes. Use to play a ton at party. Stopped playing there due to elimination of overhead reduction(wink). Any way it's been months, get this email from them saying i can cash in points for cash (still have a lot of pp points but maxed out on all the junk).

Anyway the offer was real unclear about what i need to do to qualify. If anyone knows what the deal is could you be so kind as to explain what it is???? These crytic offers are another reason i left them too.

thanks

[jayheaps]

what was your offer? how many points for how many $$

[puckboy]

something like 3335 points for $205. Seems like a pretty good deal, but in the past with these offers, there always seems to be hidden catches

[Thythe]

The catch is having to earn 3335 points...

[bdubs]

My offer is 1190 points to get $80, which is not that bad of an offer to me, except I don't understand why they word it with "if you earn 1190 points you COULD earn a lot of cash." So I don't know if that means by earning the points I am put into a drawing or something or if it means I will just get the points.

[PokerGoblin]

How are party points accumulated?

Would be better to chase the $245 in bonus Party is offering or should I play just for my usual RB on Empire instead?

PG

[bpb]

[ QUOTE ]
How are party points accumulated?

Would be better to chase the $245 in bonus Party is offering or should I play just for my usual RB on Empire instead?

PG

[/ QUOTE ]

Do the math. But you're almost assuredly better off with your rakeback deal.

The rate at which you earn points is listed at https://secure.partypoker.com/my_account/pc/pc_details_earnpoints.html

A rakeback deal at full ring 30/60 is worth approximately 7.5 cents/raked hand.

They offered me $425 for 9670 points. 9670 points = 10,700 raked hands. That would earn me $805 in rakeback. So the party points thing is almost twice as bad as rakeback. And this is for full ring. Shorthanded would be much worse.

[Rootabager]

It still said COULD earn the money? no one really addressed this. I have been playing bad beat tables today but will switch back to Empire if That would be better.

[STLantny]

5630 points for 640$

[PokerGoblin]

[ QUOTE ]
Do the math. But you're almost assuredly better off with your rakeback deal.

The rate at which you earn points is listed at https://secure.partypoker.com/my_account/pc/pc_details_earnpoints.html

A rakeback deal at full ring 30/60 is worth approximately 7.5 cents/raked hand.

They offered me $425 for 9670 points. 9670 points = 10,700 raked hands. That would earn me $805 in rakeback. So the party points thing is almost twice as bad as rakeback. And this is for full ring. Shorthanded would be much worse.

[/ QUOTE ]

Thanks. It's not that I couldn't figure the math. I was unable to find the info you've linked to. RB is obviously much more profitable, as I suspected.

Later

PG

[DWarrior]

Does this even beat Empire/Eurobet's 25% rakeback deals going on?

If you're playing the bad beat tables, you do realize you're paying a sh*tload more rake for the tiny once-in-a-lifetime chance to hit a jackpot that MIGHT make it +EV if it's large enough.