Party Poker VIP Review 2012

When you sign up with Party Poker via the links on this web site, you will be eligible to earn up to 40% Rakeback equivalent through the Party Poker VIP and VIP Bonus/Cash Back system. In order to earn a rakeback equivalent from Party Poker, you must collect a minimum number of Party Poker Points in a calendar month. Use the 2011 PartyPoker Bonus Code 500FELT

Party Poker is an elite poker room in its own right, with a stellar software platform that is privately developed to cater to all levels of online poker play. A member of the PartyGaming group, Party Poker has an excellent player volume, plenty of tournaments and lots of other promotions. Players who sign up through this web site are privy to exclusive promotions, like a 100% up to $100 welcome bonus, $6,000 Monthly Rake Chase, and a $5,000 Weekly Loose Change Freeroll.

Party Poker Rakeback – Rakeback Program

Though Party Poker doesn’t offer a traditional rakeback rewards program, the VIP program is just as gratifying, if not more so, than standard rakeback deals. You can be earning as much as 40% cash back when you earn enough poker points in a calendar month. Use the 2012 PartyPoker Bonus Code 500FELT

Points are awarded in raked ring games – the same games that would traditionally award rakeback. Instead of getting rakeback paid directly into your account, Party Poker takes those points and, depending on your VIP level, gives cash back to its VIP players at the following rate:

2012 Party Poker Cash Back Rewards by VIP Level

 

• Bronze – 5%
• Silver – 6.67%
• Gold – 10%
• Palladium – 12-15%
• Palladium Elite – 30%

To boost your rakeback equivalent as high as 40%, you can also trade in all of those points you are earning for Cash Bonuses. 400 points converts to $10, the minimum cash-in amount, while the maximum cash-in is $15,000 for 100,000 points. Combined with the value from othe promotions, these incredible cash bonuses are equivalent to the following rakeback percentages:

Cash Bonus Values by VIP Level

Bronze – N/A
Silver – 13.33%
Gold – 17.5%
Palladium – 24-30%
Palladium Elite – 40%

Party Poker Rakeback – 2012 Rakeback Payments & Updates

You will be able to view your current points and VIP status directly in the poker software at any time. You will need to maintain a specific point status in order to be eligible, and continue being eligible, for cash back and VIP bonuses equivalent to up to 40% rakeback. Your payments will be made directly into your Party Poker account each month.

Party Poker Rakeback – Tournament Rakeback

No, Party Poker does not award rakeback for SNG or MTT tournament fees.

Party Poker Rakeback – Bonus Deductions

Yes, Party Poker will deduct bonuses from your MGR.

Party Poker – Poker Points by Rake

According to the rake structure at Party Poker, players can earn up to 10 points in as few as 6 raked hands. The amount of points earned is determined by the limit and stakes. At micro-limit stakes of $0.02/$0.04, it would take up to 700 hands to earn 10 points in limit games, and 580 hands in no limit. Use the PartyPoker Bonus Code 2012 500FELT

At typical limit stakes of $2/$4, however, you would only need 18 raked hands for 10 points, 17 hands in no limit. Points awarded fastest in higher stakes games. Limit stakes of $250/$500 can award 10 points in only 6 hands. The highest no limit stakes, $25/$50, offer 10 points for every 7 raked hands.
The monthly points required to climb each key level of the VIP ladder are:

• Bronze – 0 (automatic for new players)
• Silver – 400
• Gold – 1,000
• Palladium – 9,000
• Palladium Elite – 50,000

The higher your key level, the higher your rakeback equivalent will become through cash back and bonuses purchased in the points rewards store, up to 40%.

Party Poker Bonus Details 2012

When you sign up with Party Poker and make your first deposit, be sure to enter the bonus code “apex13” to receive a 100% up to $100 welcome bonus. Then start earning poker points for real-money games to clear the bonus in increments of 10%. You have 60 days to clear the bonus, which is plenty of time.

Party Poker – Software

Party Poker is powered by privately developed software from PartyGaming Plc. It offers a good table layout with several customization options. Fast, stable and graphically appealing, the poker client includes a hand history with statistical analysis of hands, divvied up by game type. The poker lobby provides all of the essential info you’ll need to find a suitable table, like average pot size, viewed flop percentage and hands per hour. Some of the more interesting features include live action replay, quick-seat, a ‘hot hand’ notification feature and great multi-tabling options. The only upgrade lacking is a Mac-friendly poker client. There is no Flash version – a download is required.

Party Poker - Game Variety

Players will find all of the favored poker games at Party Poker, varying between limit, no limit and pot limit action. Games include Texas Holdem, Omaha, Omaha Hi-Lo, Seven Card Stud and Seven Card Stud Hi-Lo. Fixed limit stakes range from $0.02/$0.02 to $250/$500, with no limit stakes of $0.01/$0.02 to $25/$50.

Party Poker - Tournaments

Party Poker has a solid tournament schedule with a good payout structure. There are special freerolls for new players, as well as country-specific freerolls held regularly. $500 New Player Freerolls are held weekly. A $1,500 Freeroll is also held weekly, costing just 1 poker point to enter.
For even more exceptional freeroll action, sign up with Party Poker through this web site and you’ll receive exclusive entry to a weekly $5,000 Loose Change Freeroll. You’ll also be eligible to participate in the $6,000 Monthly Rake Chase.
Standard tournaments come in all shapes and sizes, with guarantees in the 4-digits, all the way up to the weekly $300k GTD. Buy-ins range from $1 up into the hundreds, with a max $10 fee cap no matter how high the buy-in price. Satellites are held to all big tournaments at Party Poker. For example, $3, or enough poker points, can win you a seat in the weekly $300 GTD.

Party Poker Deposit and Banking Options for 2012

Visa, MasterCard, Switch, Solo, Maestro, Laser, Moneybookers, EntroPay, NETeller, Click & Buy, Click2Pay, PaySafeCard, Ukash, myCitadel, UseMyBank, EPS, WebMoney, Mister Cash, iDeal, GiroPay, DirectPay24, Przleway24, POLi, eWire, EC-ELV, Electronic Transfer, Bank Wire and Bank Transfer.