Saturday, May 15, 2010

The Race Days 5-14

When I first saw the race promotion I thought "holy shit, they are giving me $25,000." At first glance it looked like all I needed to do was earn 100,000 points or pay $10,000 in rake to hit all of the race prizes. But then I saw that the list of point milestones were not cumulative targets, but rather 15 individual promotions that had to be hit independent of one another. At that point it looked like I'd need to pay over $30,000 in rake to hit them all.

In an equally disappointing moment I learned that because of my 35% rakeback deal I would only be earning points at 65% the rate of normal players. It makes sense, but I didn't know about it. Factoring that in I'd need to pay an insane $46,000 in rake in one month to hit all the levels.

Also I was expecting (foolishly) that rake back nation would be having their normal rake race for Carbon, which was canceled. That's another $1,000 I thought I'd get.

Also I learned that since I have a rakeback deal I'm not eligible for other parts of the Carbon VIP program.

Add all of this up and instead of making enough from this promotion to buy a car, it looks more like flat screen TV kind of money. I'm not going to look a gift few grand in the mouth, but it's not as earth shattering as I'd hoped.

So far I've earned about 20,000 points which has allowed me to hit the first 8 milestones and pick up a whopping $302.50. I expect to finish the month with about 50,000 which will mean I'll end up making an extra $1,502 from the race.

To get there I will have ended up paying $7,693 in rake. Factoring in the money from the race, the value of the actual points, my 35% rakeback, and clearing of two deposit bonuses, I'll be getting back $5,282 or 68% of my rake. Not too bad at all. Not the 100% I was hoping for at the start, but still solid.

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