Sky Poker is going to shut down its present Cash for Points Program and will replace it with a brand new VIP scheme, under which loyal Sky Poker players will receive automatic rakebacks. The Sky Poker rewards program will change from May 1.
Sky Poker players who are currently part of its Cash for Points Program will be migrated to the new VIP Scheme. Newly registered Sky Poker players are required to first register under its rewards program to get its benefits.
The online poker room will calculate rewards for loyalty based on the number of loyalty points earned by players per calendar month. Players who collect more than 10,000 loyalty points per month will become members of the Sky Poker Priority Club and will become eligible for rakeback payments.
Players can earn 6 points for every £1 rake they contribute at the cash game tables and 10 points for every £1 paid as tournament fees. Sky Poker calculates the rake it pays for points earned through the weighted contributed method. According to this method, players are given points depending on the size of their contribution to the pot. Players can use the rewards points toolbar in the games lobby of Sky Poker to track the number of points they earn.
The online poker room calculates the rakeback percentage for its Priority Club members on the basis of the number of points they earn per month. Accordingly, Sky Poker rewards players who collect 10k to 20k points, 20k to 30k points, and over 30k points per month with a rakeback of 20 percent, 25 percent, and 30 percent, respectively.
Sky Poker’s old Cash for Points Program rewarded players with a rakeback of as much as 65 percent, provided they were at the top level. Players who earned over 50k loyalty points every month received around £0.065 for each loyalty point.
Sky Poker will automatically credit rakeback payments into the accounts of the members of its Priority Club on the second working day after the end of each month and will update their points balance.
Players on the lower rungs of the VIP scheme can get real money for their points, depending on how much real money poker they play. Accordingly, players can get £0.01 per point if they earn 100 to 3,000 points, £0.015 per point if they earn 3,000 to 5,000 points, and £0.02 per point if they earn 5,000 to 10,000 points.