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.
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.
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.
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
- 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