Welcome once more to Full Tilt Poker Week! We’ll get straight to the point today as you may need some time to take this in – rakeback will be no more. Before you throw your pen at the screen in outrage though we’ve looked at this and the alternative could be a stroke of genius.
Lossback instead of Rakeback
Rewards from the new Full Tilt Poker relaunch will primarily come in the form of a percentage back on losses. The theory is that a player who makes net deposits one month of $1,000 and finishes $500 down will potentially receive a percentage back of the $500 lost depending on how many hands he’s played. We anticipate that the payments will come in the form of ring game tickets, at least at first.
New Full Tilt Poker - happy fish!
There will of course be upper reward limits as there are implications for manipulation and chip dumping but this seems to be a groundbreaking way of revitalising the site. We understand that there will ultimately be a considerable bulking up in the FTP security team to police this, as there’d have to be, but if done correctly this could be revolutionary.
Fishback
Every day we hear more news of how recreational players must be protected and educated and we can’t think of a better way of helping them than refunding their losses. Rakeback is no good to fish as their deposits don’t last long enough to earn it and their play generally takes places at the lower stakes.
No FTP rakeback for sharks?
Imagine, however, the freedom any new or casual player will play with knowing that in the worst case that they get stacked they’ll get a chunk of their money back. They’ll certainly have an easier time of it once a proportion of the rakeback grinders have upped and left. The new Full Tilt could see a return to the good old days, where people actually won at poker rather than being 20 tabling nits surviving on their monthly rakeback.
If you’re not a net depositor you will not be eligible for this promotion but of course you’ll benefit instead through playing at a site full of regular depositors playing looser than has been seen in years. For the fish it will be the perfect environment to play carefree and with less grinders.
Join us tomorrow to find out about Rush Poker and Full Tilt’s plans to take it back from the copycats.
- Massive Added Money Tournaments and Analysis
- Tournament Schedule Improvements and Analysis
- Rush
- Affiliates
- Monday – Promotions
Click on the link for all pokerQ4′s posts on the Full Tilt Poker relaunch or follow @pokerQ4news on Twitter and watch out for #FTPrelaunch
Is there any proof of this or source or anything at all? Is this just made up? I can’t find any confirmation anywhere that this is actually true.
Interesting where did you hear about this?
Thanks,
Oz
If this is ture I’m staying at Stars.
I actually like this idea and have my reasons why. Gbt is not greedy looking for mass multi tablets to make him more money. I just hope he don’t pull a bovada stunt and cater to much to fish as sharks are keeping the games running.
I think this is a really bad idea for several reasons
1st off it’s going to chase away most winning players after they complete their bonuses and requirements to withdraw, since there is no reason to stay in a tough poker room without rakeback, as other rooms like Stars offer good VIP alternatives and other no rakeback rooms like bodog or enet have fishier player pools. sure, without regulars you’ll have fishier games but that won’t improve your deposit-to-rake ratio (if anything, the new winners will be beating the games for an even bigger clip per table hour), and the amount of rake generated per time passed will also decrease due to fewer players.
2nd, it’s going to alert net depositors to the fact that they’re bleeding money. if the lossback is some sort of a % dependent on how much a person loses and that % or % table is posted somewhere on the table, some fish will definitely wander off and find out why they’re getting $216 tickets all the time. most losing fish that I know personally have no idea they are fish and honestly believe they are breakeven or small winners. think why are sharkscope, PTR and similar sites banned in many rooms
3rd, gaming the system. let’s say fish deposits $1000, puts it on a 5/10 NL table, plays 3 hands and busts his stack. If that fish is on 10% lossback, he/she will get back $100. Now where is that $100 coming from? During the 3 hands only up to $9 in rake was collected on the table, and that’s counting all the players in the hand. If you don’t give this player any money back, then what’s the point of marketing lossback. If you do, that’s $91 out of your own pocket, and there is a risk that this player is really just a shark who didn’t get his deposit limits up yet or a cheater who was intending to game the system in the first place. I guess you can get a ton of security staff to police this but I just don’t see how this approach is better than customized reload bonuses
4th, affiliates. A large % of recreational players were referred to FTP through affiliates. The rewards for bringing in new fish are already tiny enough, and if affiliates will have to share costs of lossback, some of them will probably stop referring players to Full Tilt altogether. if they won’t share the costs of lossback, that’s again a big chunk gone out of Full Tilt’s coffers