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#1
10-01-2005, 03:47 PM
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Re: October bonuses on Multi...
Thanks! I might not be able to clear all of them, but I'll try to do 3 or 4.
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#2
10-02-2005, 10:19 AM
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Re: October bonuses on Multi...
This is an AWESOME bonus if you are a small buy-in player. If you play something like $25NL or even $50NL this bonus clears faster than Absolute, Crypto (Interpoker), Stars, etc.
Unlike these other sites, any raked pot counts not just when the rake hits $.25 or $1. Minimum pots that count at Multi are $1 and these are common even at $25NL, however $5 and especially $20 pots are far less so. I cleared $300 in these bonuses in Sept, almost entirely at $25NL full table - 7,162 hands total (119 at $50NL, 641 at $25NL 6-handed, 397 at $25PL and 6,005 at $25NL). I was 5.6 BB/100 Hands ($214.22 in profit) and paid $172.15 in rake. So my bonus was $127.85 MORE than the rake I paid and the amount of bonus I collected exceeded my winnings! Now granted for medium and high limit players, $300 for 7000 hands probably seems like peanuts and I figured the hourly bonus to be worth about $5/hr 4-tabling $25NL. Again, insignificant for the big boys, but that more than DOUBLES my hourly rate. And keep in mind, for someone with a bankroll in the $500-$1000 range $300 is a significant sum!!!
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#3
10-02-2005, 10:49 AM
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Re: October bonuses on Multi...
[ QUOTE ]
This is an AWESOME bonus if you are a small buy-in player. If you play something like $25NL or even $50NL this bonus clears faster than Absolute, Crypto (Interpoker), Stars, etc. Unlike these other sites, any raked pot counts not just when the rake hits $.25 or $1. Minimum pots that count at Multi are $1 and these are common even at $25NL, however $5 and especially $20 pots are far less so. I cleared $300 in these bonuses in Sept, almost entirely at $25NL full table - 7,162 hands total (119 at $50NL, 641 at $25NL 6-handed, 397 at $25PL and 6,005 at $25NL). I was 5.6 BB/100 Hands ($214.22 in profit) and paid $172.15 in rake. So my bonus was $127.85 MORE than the rake I paid and the amount of bonus I collected exceeded my winnings! Now granted for medium and high limit players, $300 for 7000 hands probably seems like peanuts and I figured the hourly bonus to be worth about $5/hr 4-tabling $25NL. Again, insignificant for the big boys, but that more than DOUBLES my hourly rate. And keep in mind, for someone with a bankroll in the $500-$1000 range $300 is a significant sum!!! [/ QUOTE ] nice post, I was going to say the same thing. It'll take about 45hrs/week 4-tabling full ring to clear the entire bonus on 25NL, but if you do nothing but break even, you can take in ~$10/hr CAD, which is about $450 CAD a week, tax free. Seeing how 25NL is also a joke, you can also prob. triple your hourly bonus rate winning there. I wouldn't recommend doing something like this for everybody because of the time involved, but doing this can be a lot more lucrative then a lot of jobs out there. Plus, combine this with the Party and Empire bonuses and its a decent monthly earning.
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#4
10-02-2005, 11:14 AM
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Re: October bonuses on Multi...
[ QUOTE ]
but doing this can be a lot more lucrative then a lot of jobs out there. [/ QUOTE ] As coincindes go... I was laid off on Friday from a job paying $11/hr CDN, that's $1760 CDN a month gross, before taxes. The bonus portion of the Multi promotion ($1500US) is worth 1,743.08 CDN. Almost exatly the same as my old job. So I'm seriously, seriously considering dragging my ass on finding s new job and spending the month clearing the bonus instead. Even if I just play break-even, I make the same salary as working the day job and hopefully I can at least maintain my mediocre 5BB/100 rate (Hey, cut me some slack, I've been an SNG player to this point, only switched over for the bonus) which would translate into about an extra $1000US. Intriguing...
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#5
10-02-2005, 08:09 PM
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Re: October bonuses on Multi...
[ QUOTE ]
[ QUOTE ] but doing this can be a lot more lucrative then a lot of jobs out there. [/ QUOTE ] As coincindes go... I was laid off on Friday from a job paying $11/hr CDN, that's $1760 CDN a month gross, before taxes. The bonus portion of the Multi promotion ($1500US) is worth 1,743.08 CDN. Almost exatly the same as my old job. So I'm seriously, seriously considering dragging my ass on finding s new job and spending the month clearing the bonus instead. Even if I just play break-even, I make the same salary as working the day job and hopefully I can at least maintain my mediocre 5BB/100 rate (Hey, cut me some slack, I've been an SNG player to this point, only switched over for the bonus) which would translate into about an extra $1000US. Intriguing... [/ QUOTE ] Don't forget about EI either man....kaching
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#6
10-02-2005, 07:08 PM
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Re: October bonuses on Multi...
Anyone think these are going to become monthly
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#7
10-02-2005, 07:33 PM
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Question for you guys
If a person is already getting RB on Multipoker, are these bonuses deducted from your MGR? If so, then they're definitely not worth it to me. However, if I still got my full RB plus the bonus, then it would obviously be worthwhile.
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#8
10-02-2005, 08:05 PM
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Re: Question for you guys
[ QUOTE ]
If a person is already getting RB on Multipoker, are these bonuses deducted from your MGR? If so, then they're definitely not worth it to me. However, if I still got my full RB plus the bonus, then it would obviously be worthwhile. [/ QUOTE ] I'm curious about this as well.
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#9
10-03-2005, 01:30 AM
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Re: Question for you guys
[ QUOTE ]
If a person is already getting RB on Multipoker, are these bonuses deducted from your MGR? If so, then they're definitely not worth it to me. However, if I still got my full RB plus the bonus, then it would obviously be worthwhile. [/ QUOTE ] This isn't correct. Here's why: suppose your rakeback percentage is 100p (so if you get 25%, p = .25). Suppose your MGR for the month is M and the theoretical bonus is B. Rakeback alone you get M*p Rakeback plus bonus you get B+(M-B)*p = M*p + B(1-p) Since p < 1 you are better off in the second case. In other words no matter what rakeback percentage you have (as long as it's less than 100% obviously) you are better off getting any bonuses that come along. I'm assuming that your bonuses are subtracted from your MGR and not your rakeback earnings, which is the case for the party skins. In this case if you get the $500 bonus and have 25% rakeback you gain $375 by doing the promotion. If you manage the full $1500 bonus your gain over rakeback alone is $1125. If you think it's not worth it then you have a lot more money than I do.
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#10
10-03-2005, 06:18 AM
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Re: Question for you guys
thank you... someone who actually understands that it is never correct to not take a bonus because of rakeback. it always bothers me when people cite rakeback as a reason to not take a bonus. it is possible to be incorrect to not take a bonus for other reasons, but rakeback can never be one of them. i was going to take the time to post why, but you've already done so. good work.
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