Wednesday, 29 July 2009 11:20
My FPPs exceeded the million mark in 2008 and so I began turning all those Frequent Player Points into cash during this year. I have just now purchased my last Pokerstars Cash bonus of $4,000 which left me with just 2,000 FPPs. That was the fifth cash bonus I ordered in 2009 and when I collect the required 28,000 hands, I will have turned all my FPPs into $20,000 this year. That will surely compensate the fact that Pokerstars don't offer a rakeback. On the other hand those FPPs mean $0.016 per FPP and if you do the math you'll find out that you eventually get paid 30% of the commission back. That is a lot of money considering my Pokerstars commission for July was more than $5,000. And that is only for cash games.
I have recently bought the $4000 VIP Reward Pokerstars bonus and converted 250,000 FPPs into cash. When I bought this poker bonus as a Supernova, I knew that each Frequent Player Point would earn me $0.016. However, my poker account wasn't credited with the money instantly as I thought but instead I needed to earn 28,000 Base FPPs more in order to add the cash into my poker account. That translates to roughly 50,000 hands playing 400NL 6-max No-Limit Texas Hold em, which quite frankly appeals to poker addicts.
My name is Jim Makos and I am a professional gambler since 2003. I played at the casinos' blackjack tables for a year and during the following 2.5 years I have been a Betfair trader trading the odds in the UK Horse Racing markets. Nowadays I'm playing online poker. Apart from online gambling, I also write about online poker and trading for the Betfair's Greek Blog and own various websites.
