Changes in Olympic-Online Poker VIP Club
At Olympic-Onlines every poker player has their own VIP status, from Standard (VIP 1) to Diamond (VIP 6). From August 1st, 2012 onwards, there will be some significant changes in Olympic-Online VIP program. These changes will be very positive for our players as the Poker VIP Club will become more simple and clear, and the bonuses bigger and more attractive.
Moving between VIP levels
So far the VIP levels were calculated based on how many Frequent Player Points were earned during the last three calendar months, but starting from September, only the last month will be taken into account. So the points you earned in August will be only counted on to determine your VIP level for September. The VIP levels will be automatically assigned on the first day of the month. The required point amounts will remain the same as previously:
|
FPP amounts required for the VIP levels: |
VIP 1 |
VIP 2 |
VIP 3 |
VIP 4 |
VIP 5 |
VIP 6 |
|
|
600 |
1,500 |
5,000 |
20,000 |
Team Elite |
Earning the Frequent Player Points and exchanging them for money
The main change in the Olympic-Online VIP program is made regarding the monetary value of FPPs which will grow at least tenfold for most players! Frequent Player Points will remain as the core value of the Poker VIP Club. The players can get additional value by redeeming the bonus dollars.
Every player is earning FPPs according to their VIP level. If you are paying $1 in rake or tournament fees then the amount of FPPs you’ll be earning regarding to your VIP level is shown in the table below. Also the currency coefficient is taken into account: €1 is giving FPPs 1.4 times and £1 is giving them 1.6 times more than $1.
|
Amount of FPPs earned for $1 in rake regarding the VIP level: |
VIP 1 |
VIP 2 |
VIP 3 |
VIP 4 |
VIP 5 |
VIP 6 |
|
16 |
18 |
20 |
22 |
25 |
25 |
You can convert your FPPs into cash at any time, if you are having at least 200 FPPs on your account. At the same time it is useful to collect as big amount of FPPs as possible and exchange them at once, because the more points you are going to convert into cash, the better is the exchange rate. The exchange rates are shown in the table below – the right column gives that rate if you are going to convert at least the amount of FPPs shown on the left column. Rates will apply equally to all VIP levels.
|
FPPs |
Real Money |
Exchange Rate |
|
200 |
$1 |
200.0 |
|
1,000 |
$10 |
100.0 |
|
5,000 |
$55 |
90.9 |
|
10,000 |
$120 |
83.3 |
|
50,000 |
$650 |
76.9 |
|
100,000 |
$1,400 |
71.4 |
Bonus Dollars
Players can receive bonus dollars in two ways.
First Deposit Bonus
When you’ll make your first deposit you’ll get 200% bonus up to $1,000. Bonus dollars are redeemed as follows:
The first 10 bonus dollars are redeemed at rate of 100 FPPs = $1
The remaining bonus dollars are redeemed at rate of 500 FPPs = $5
Monthly Bonus
In the beginning of every month all poker players will be receiving bonus dollars according to their VIP level. The higher is the VIP level, the sweeter are bonuses – both in terms of quantity and in terms of bonus release conditions. Bonus dollars will expire in the end of the month and new bonus dollars will be received according to the new VIP level on the first day of the month.
|
Monthly bonus dollars |
|||
|
Bonus name |
Max amount |
FPPs -> bonus redeemed |
|
|
Monthly VIP 1 bonus |
$10 |
200 |
$1 |
|
Monthly VIP 2 bonus |
$20 |
200 |
$1 |
|
Monthly VIP 3 bonus |
$30 |
350 |
$2 |
|
Monthly VIP 4 bonus |
$100 |
800 |
$5 |
|
Monthly VIP 5 bonus |
$200 |
1,250 |
$10 |
|
Monthly VIP 6 bonus |
$200 |
1,250 |
$10 |
Players can calculate the total value of the loyalty program by adding together the monetary value of the FPPs they are earning and bonus dollars they are redeeming. Players need to follow their VIP level and take care it is not falling down as both the rate of earning FPPs and the amount of bonus dollars they can redeem are strongly influenced by their VIP level.