Poker 770 Rakeback

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Poker 770 Rakeback - VIP Rewards As Rakeback Equivalent

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Poker 770, which is part of the iPoker network, does not currently offer any rakeback system to its players. The only particular equivalent to rakeback that players can earn is through cash rewards from the VIP Club. Joining the VIP Club at Poker 770 has other benefits as well, but it is also the only way to access rewards that are similar to rakeback.

Poker Rake and Rakeback

Any poker room, land based or online, that offers real money play takes a percentage of the pot as house rake, which is the poker room's cut for offering the games. Rake typically has a maximum per hand that is either $3 or $5. Rake percentages may be collected in less than full dollar amounts. In online poker rooms like Poker 770, rake is collected at the end of every real money hand. Each player who has bet into the pot contributes to the rake of the hand.

Poker 770 tournaments collect house rake in the form of the entry fees that players pay to participate in the tournaments. Buy-in amounts go toward the prize pool and entry fees go towards the rake percentage.

Rakeback is a deal that some poker rooms offer as a bonus or reward back to their players. The poker room keeps track of how many dollars players paid in tournament fees and how many cash game hands they played in a certain period of time. Rakeback returns a portion of that total in cash back to the players, based on calculations of all the rake taken and a player's volume of play. While this is a great bonus, it is not required for poker rooms to offer rakeback to their players. Poker 770 does not offer any rakeback system for its patrons.

Rakeback Equivalents Through VIP Club

Instead of offering direct rakeback cash, Poker 770 encourages players to participate in their VIP Club. Being VIP players offers more than cash rakeback benefits, so it's a wider reward system. Many poker rooms that do not have rakeback programs use their VIP rewards as a form of rakeback equivalent.

The VIP Club at Poker 770 has six levels that players can attain by collecting points770 through real money ring games and tournaments. Players earn 5 or more points for each dollar taken from raked hands as well as 22 points per dollar paid in tournament entry fees. The VIP Club rewards levels are:

• Novice: 100 points earned, 200% boost
• Pro: 700 points earned, 250% boost
• Elite: 2000 points earned, 300% boost
• Star: 5000 points earned, 400% boost
• Master: 12,000 points earned, 450% boost
• Legend: 25,000 points earned, 500% boost

Players can also boost their points as indicated. Each month as the points are totaled for a player's VIP rewards, the listed boost will add that many more points to the player's total. In some cases the boost helps players move up to the next level right away.

Cash Back VIP Rewards

One way that players can redeem their points is by converting them to cash rewards, which can be seen as a rakeback equivalent. At each level, VIP players with enough points are eligible to turn their points into cash back. The more points a player redeems at once, the better the cash value is for them. The cash-points rewards are redeemed as follows:

• $5 requires 5000 points, cost is 1000 points per $1
• $10 requires 9900 points, cost is 990 points per $1
• $25 requires 24,500 points, cost is 980 points per $1
• $100 requires 96,000 points, cost is 960 points per $1
• $250 requires 240,000 points, cost is 960 points per $1
• $750 requires 700,000 points, cost is 933 points per $1
• $2500 requires 2,300,000 points, cost is 920 points per $1
• $10,000 requires 9,100,000 points, cost is 910 points per $1
• $50,000 requires 45,000,000 points, cost is 900 points per $1

Though not as direct a system as rakeback, Poker 770 does offer rakeback equivalents through cash back rewards for the VIP Club. Additional player rewards are available through VIP membership. This is the only means of rakeback available at Poker 770.

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