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#1
05-22-2005, 03:08 PM
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Is there a level at which Rakeback > Bonuses?
I play mostly 5/10 SH with some 10/20 SH. Will I make more in rakeback (at 25% on one skin, 15% at the other) or in bonus $$?
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#2
05-22-2005, 03:12 PM
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Re: Is there a level at which Rakeback > Bonuses?
at those levels, rakeback becomes pretty profitable. once i started playing 5/10 6max, bonus money didnt seem all important to me anymore.
edit: i still think bonus money is more proftiable at 5/10 though.
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#3
05-22-2005, 03:17 PM
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Re: Is there a level at which Rakeback > Bonuses?
If you have Pokertracker, check yourself how much rake you paid for a bonus, multiply that by rackback percentage and see if that number is less or more than the bonus amount. If you don't have Pokertracker, there's a rake calculator at raketracker.
For a standard Party bonus ($100, 700 hands) at 5/10 SH, you'll get back about $45 at 25%, so bonus > rakeback. Adde
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#5
05-22-2005, 06:10 PM
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Re: Is there a level at which Rakeback > Bonuses?
[ QUOTE ]
The bonus is always better than rakeback, no matter what limit. If your rakeback is 25%, then a $100 bonus gets you $75 more than you would have otherwise had. [/ QUOTE ] Your first point is correct, but your second isn't. It's not certain that you will get 100% rakeback on a bonus. [img]/images/graemlins/wink.gif[/img]
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#6
05-22-2005, 06:12 PM
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Re: Is there a level at which Rakeback > Bonuses?
[ QUOTE ]
The bonus is always better than rakeback, no matter what limit. If your rakeback is 25%, then a $100 bonus gets you $75 more than you would have otherwise had. [/ QUOTE ] Umm... no. Say it takes you 1000 hands of 5/10 6max to clear a 7x $100 bonus. That would be about $65 in rakeback. Now since that will be negative rakeback, that is going to be $65 that you are losing. Lets subtract that from your $100 bonus. $100-$65 = $35 profit. Now, that $65 in rakeback looks a little bit better, doesn't it?
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#7
05-22-2005, 06:19 PM
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Re: Is there a level at which Rakeback > Bonuses?
[ QUOTE ]
[ QUOTE ] The bonus is always better than rakeback, no matter what limit. If your rakeback is 25%, then a $100 bonus gets you $75 more than you would have otherwise had. [/ QUOTE ] Umm... no. Say it takes you 1000 hands of 5/10 6max to clear a 7x $100 bonus. That would be about $65 in rakeback. Now since that will be negative rakeback, that is going to be $65 that you are losing. Lets subtract that from your $100 bonus. $100-$65 = $35 profit. Now, that $65 in rakeback looks a little bit better, doesn't it? [/ QUOTE ] Umm no.... the bonus is 100% of your MGR. Rakeback is only around 25%. Example, at 25% rakeback, your MGR would need to be $260 to get $65 in rakeback. However, if you played over the same amount of time to earn a $100 bonus, the $100 bonus is deducted from your MGR. Now you have a $100 bonus and $160 MGR, and your rakeback will be reduced to $40. So you lose on $25 of rakeback, but now have $140 instead of $65.
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#8
05-22-2005, 06:21 PM
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Re: Is there a level at which Rakeback > Bonuses?
[ QUOTE ]
Say it takes you 1000 hands of 5/10 6max to clear a 7x $100 bonus. That would be about $65 in rakeback. Now since that will be negative rakeback, that is going to be $65 that you are losing. Lets subtract that from your $100 bonus. $100-$65 = $35 profit. Now, that $65 in rakeback looks a little bit better, doesn't it? [/ QUOTE ] that's not right either, because negative MGR does not deduct from the bonus that you already earned. in your example, negative MGR is not even an issue to begin with. $65 in rakeback at 25% represents $260 in gross revenue. $100 is deducted for the bonus, and 25% of the remaining $160 is $40. so the total earnings for the period would be $100 bonus + $40 rakeback = $140.
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#9
05-22-2005, 06:27 PM
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Re: Is there a level at which Rakeback > Bonuses?
Ok, I've read so much of this now I am actually curious as to which is best.
I've always passed on bonuses with rakeback, figuring at 15/30 it was probably a wash. Anyone have the actual facts on this, how is there so much disagreement?
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#10
05-22-2005, 06:33 PM
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Re: Is there a level at which Rakeback > Bonuses?
The bonus is 100% of your MGR for $100 (or whatever the amount of the bonus is). If you skip the bonus and take the rakeback, you only get your rakeback percentage for that part of your MGR instead of the full 100%. Note: I am not saying the bonus is going to be 100% rakeback. You could very well generate more than $100 MGR while earning the bonus, depending on what stakes you play.
If your rakeback is 25%, you are missing out on $75. If it is 30%, you are missing out on $70. etc.... [ QUOTE ] how is there so much disagreement [/ QUOTE ] Because some people have no idea what they are talking about on here.
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