PokerStars does not offer a traditional rakeback program that some other online poker sites offer.
A small portion of online poker sites will offer rakeback (partial rebates on your poker fees) and provide pay-outs on a weekly/monthly basis. Other poker sites, such as PokerStars, will use a VIP system as a reward for VIP members.
PokerStars, along with their VIP store and great customer service has the best VIP program found online today. Their VIP program is based on VIP Player Points commonly referred to as VPPs. As players play in real money cash games, tournaments, or SNGs they will earn a certain number of VPPs which can be used to purchase bonuses, tournament tickets, electronics, and other prizes. These bonuses are meant to replace an actual PokerStars rakeback program.
To get started, register your new PokerStars account with the PokerStars Marketing Code GPSTSPROMO as shown below:
Once you’ve register your new account, you can now deposit money into your account. At this point, you may select which welcome bonus offer to participate in. Enter the bonus code FREE20 to receive a free $20 up front and immediately.
Or opt for the PokerStars bonus code STARS600 to receive a 100% match on your initial deposit – for up to a $600 bonus. However, this bonus is paid out incrementally as you earn VPP’s.
VPPs are automatically awarded to players based on the amount of rake paid in a cash game pot or the fees paid in SNGs and tournaments. In tournaments or SNGs players will receive 5.5 VPPs for every $1 in fees they pay. For example, a $20+$2 SNG will yield a player 11 VPPs while a $5+.50 will pay out 2.75 VPPs to those involved. It can be a bit of a pain to figure out cash game points as VPPs are distributed based on the number of seats at the table, the number of players at the table, and the amount raked from the pot. From there your VPPs will be converted into Frequent Player Points (FPPs) based on your VIP Level. As your VIP Level improves your FPP conversion rate will as well.
PokerStars has a handful of VIP Levels including BronzeStar, SilverStar, GoldStar, PlatinumStar, Supernova, and Supernova Elite. Those new to PokerStars will start off as a BronzeStar and work their way up through the system based on both monthly and yearly VPPs earned. The higher the level the better your PokerStars rakeback percentage will be. For example, SilverStar players might expect anywhere from 8% to 26% rakeback while PlatinumStar members should be able to receive 17% to 46% depending on the games and stakes they play. Try to avoid the temptation of purchasing one of the smaller VIP bonuses. Instead, new players should make sure to use the PokerStars bonus code to get a 100% up to $600 initial deposit bonus. Clearing the $600 deposit bonus will increase your PokerStars rakeback and help you boost your bankroll in a hurry.
The reason your PokerStars rakeback will be higher if you wait until you reach the PlatinumStar level is because you will earn more FPPs per VPP and the bonuses available to you will be bigger. Players at the GoldStar level can purchase up to a $300 VIP bonus (for 25,000 FPPs), PlatinumStar members can buy a $650 PokerStars bonus (50,000 FPPs) and Supernova members can earn bonuses in excess of $3,000 for just 50,000 FPPs. Supernova members should expect to earn 25% or more rakeback which is right at the industry standard. If players work the system correctly they could earn even more as the Supernova Elite Level pays up to $150,000 in bonuses through out the year. These members will earn more than 50% rakeback as well as many other prizes and perks.
The one problem with the PokerStars rakeback system is you will have to clear the VIP bonuses. In order to turn the bonus into real money players will have to earn a certain number of VPPs. This lone factor makes a few other sites quite appealing as they pay rakeback instantly. However, players should factor in the softness and variety of games at PokerStars as well as a customer service group which is second to none.
As long as players are willing to be patient and wait until they reach at least the GoldStar Level they should be able to match the rakeback percentages available at other major poker sites. Remember to use the PokerStars bonus code when signing up as well which will instantly boost your bankroll and rakeback percentage.
Players can find all pertinent information by clicking on the cashier section in the PokerStars Lobby. Once there you can view your VIP Status, take a look at the VIP Store, and check up on any pending bonuses. If you have any questions about your VIP status feel free to contact PokerStars support.
Read more about PokerStars at http://williamspromocodes.co.uk/pokerstars-marketing-bonus-codes/.