Full Tilt Rakeback....Help???

puckboy · #1 10-24-2005, 01:29 PM

6 Weeks ago i signed up with an affiliate for a rakeback deal on Full tilt,(already had a deal with ultimatebet through this affiliate and has paid in the past), anyway it is past the the payout period according to the member's area and i still have no stats showing up or haven't been paid yet. Emailed twice and both times say that full tilt payouts have been delayed. HMMMMMM..... don't want to name the affiliate because i don't want to make false accusations, but i am growing concerned since i played 20k+ hands on full tilt last month, so it is no small amount of money.

My question is..... Is full tilt cronically late??? Is this common?????

any suggestions would be greatly appreciated

thanks

Rasputin · #2 10-24-2005, 02:12 PM

My FullTilt rakeback has always been available within a day or two of the 15th of the month after. September's takeback available shortly after the 15th of October. Only been a few months but haven't had any delays.

I think it's time to be irked.

rt1 · #3 10-24-2005, 02:16 PM

full tilt was always late with our payments and never responded to emails. they were god awful... we had to drop them from our program.

email your affiliate and ask him. if its a little late i would say its not his fault.

-ryan

B1GF1SHY · #4 10-24-2005, 02:18 PM

Were they ever over 10 days late though? Its October 24th already.

#5 10-24-2005, 02:48 PM

I have never paid paid that late, but I know FT is making changes to get more involved in rake back so this could be holding things up.

BigBiceps · #6 10-24-2005, 05:27 PM

I didn't get my payment yet either ...

I think I have the same affiliate as you based on your post.

I am going to wait until 11/1/05 to start to be upset about it, I believe it will come. No point getting all stressed ... yet.

puckboy · #7 10-25-2005, 10:01 AM

Just an update, affiliate paid today all is well, apparently full tilt is chronically slow.

thanks all for the reassurance

BigBiceps · #8 10-25-2005, 12:11 PM

Yes, I saw my payment too, but I am curious about the calculation.....

How exactly is it calculated and the bonus taken into account.

I got only about 25% of what I expected to get.

Is the formula <font color="red">[total rake] * 25% / avg players ~9 </font> correct?

morgant · #9 10-25-2005, 12:14 PM

full tilt takes out player rewards, money added to tournaments anything they can, they take away from the mgr. i hated dealing with them, but thats just me [img]/images/graemlins/frown.gif[/img]

Rasputin · #10 10-25-2005, 01:46 PM

[ QUOTE ]
Yes, I saw my payment too, but I am curious about the calculation.....

How exactly is it calculated and the bonus taken into account.

I got only about 25% of what I expected to get.

Is the formula <font color="red">[total rake] * 25% / avg players ~9 </font> correct?

[/ QUOTE ]

It is the rake taken in a hand divided by the number of players in the hand. Total that for all hands, then subtract the amount of bonus released, and multiply by 25%

Let us put it this way.

You play in enough full ring hands that $1000 in rake is taken, always at full tables.

You earn 1000 points, each of which is worth six cents in bonus so you are credited with $60 of bonus.

You are credited with $100 in MGR. They subtract the $60 in bonus leaving $40. You get 25% of that back, which is $10.

I don't know how your affiliate does it, but in the stats, mine lists the adjusted MGR. That is, the MGR with the released bonus amount already subtracted, and I get 25% of that.

Sounds like your affiliate may be listing MGR before subtracting the released bonus.