Bwin Poker DOES NOT offer rakeback, but they do offer a very good VIP program which acts as an alternative. You can redeem points for cash and bonus rewards, making it much like rakeback.
bwin is one of the largest online gaming companies in the world, offering “up to 30,000 bets daily with betting action on more than 90 sports.” Their poker room, online casino, and dice games present players with an overwhelming array of entertainment possibilities. And with 22 languages available to suit your needs, bwin truly is a far-reaching company. Their lack of US player support, however, doesn't follow their claim to be the “World number one in online gaming.”
For those who are eligible, however, bwin offers some of the best VIP-style rewards of any poker client on the net. Here's how it works:
b'insider
bwin's VIP program, b'insider, features three status levels: green, yellow, and white. All players start off in the green category before advancing to white and then, with hard work and dedication, reaching yellow.
But here's where things get interesting. Rather than relying on a single form of player points, bwin offers two: Status Points (which determine your b'insider level) and Market Points (which can be spent on a variety of items at the b'insider exchange). Both can be earned by playing for real money stakes at the poker tables, or even through their sports-betting and casino games. Each area of the bwin gaming giant offers different parameters for earning points, but we'll focus on the poker stats here.
bwin's is actually quite simple. All you need to know is that, for ever 1 USD you spend on either cash-game rake or tournament entry fees, you'll gain 100 Status Points and 100 Market Points. Smaller rakes are calculated on the same fraction ratio, equating to one Market/Status Point per $0.01 US, starting out at $0.05 for five points.
The Exchange
Beyond the usual gadgets and apparel available through just about any online VIP program, bwin adds an enormous number of choices to its Market Point Exchange. There are tickets to tournaments, sporting events, and even real money packages available. Here are just a few of their bonuses.
$10 Poker Bonus: bwin offers their players a chance to redeem their points for an extra $10 for use at the poker tables. The amount of Market Points needed to purchase this bonus varies depending on your b'insider level.
8,000 Market Points (for yellow members)
10,000 Market Points (for white members)
12,000 Market Points (for green members)
bwin Tournament Tickets: You can exchange your market point for a spot at one of bwin's many tournaments. The site cautions players that the ticket may take up to an hour to land in your account once the exchange is made. These offers are good for everyone, regardless of your b'insider level.
$1+0.10 Tournament Ticket = 1,925 Market Points
$1+0.20 Tournament Ticket = 2,100 Market Points
$5+0.50 Tournament Ticket = 9,625 Market Points
$7+1 Tournament Ticket = 14,000 Market Points
$10+1 Tournament Ticket = 19,250 Market Points
$20+2 Tournament Ticket 38,500 Market Points
$30+3 Tournament Ticket = 57,750 Market Points
$50+4 Tournament Ticket = 94,500 Market Points
$100+8 Tournament Ticket = 189,000 Market Points
Real Money Packages: Exchange your Market Points for bwin's Real Money Packages, and they'll rush the rewards straight to your account (credited in Euros). Any b'insider member can take advantage of these offers.
€1 = 2,500 Market Points
€2 = 5,000 Market Points
€5 = 12,500 Market Points
€10 = 25,00 Market Points
€20 = 50,000 Market Points
€50 = 125,000 Market Points
Final Note
It should be noted that all of the points players accrue in their time on bwin do come with an expiration date. Status Point expire after three months, and Market Points are good for 12 months. They do, however, offer a Point Saver in the Exchange, which will allow players to hold on to their Market Points which are about to expire.
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