1. Rakeback
Out of beginner ignorance or you just plain forgot, your first account was registered without any rakeback. So now you're playing your usual volume, but without the benefit of rakeback. This is just plain stupid as rakeback is free money. There is no reason why you shouldn't enjoy this benefit. Whether you are a small time player or a regular grinder, free money is free money. My rakeback is less than $50 per month, but its still significant especially converted to pesos. Where on earth do you get 2000 pesos a month by just doing what you're normally doing anyway.
2. Bonus Whoring
As you may have noticed, initial deposit bonuses are HUGE compared to reload bonuses. Some other sites also offer freerolls and other perks to new players. Case in Point is Full Tilt's 100% up to $600 initial deposit bonus. If you are a regular grinder who can hit the volumes, then its like claiming $600 for free.
3. Cheating in Tournaments
There have been numerous cases in the past where a person registers for a tournament using 2 accounts. Then deliberately loses his chips to his other persona. Double the chips means a better chance of winning the tournament. But Poker sites have wised up to this and have installed safeguards against similar incidents from happening.
There are other possible reasons I can think of why you would want to open a 2nd account. You are already considered a shark in your regular limits and other players avoid you, so you want to squeeze out some easy profit using a different nickname.
Obviously the main concern is the fact that poker sites do not allow multiple accounts from the same person. You might be banned and worse your bankroll could be confiscated. The sites usually check the IP address and if 2 persons play in the same table using the same IP address, then you're in deep shit.
So how does one open a 2nd account safely and legally ?
This method was actually suggested to me by one of the helpdesk staff of a rakeback site. So I am assuming that this is legal. Basically all you need to do is to open the 2nd account using the name of your wife or brother or sister or any relative who lives in the same house with you. I'm guessing it could even be your 4 year old niece who thinks a flush is what you do with the toilet after peeing. =)
So now, you have a valid reason why 2 accounts are coming from the same IP address. Again, this is all fine and the poker sites will have no say in the matter as long as you don't play the 2 accounts together in the same tournaments as you will be in danger of getting accused of collusion/cheating. As long as you make sure that you only play 1 account at a time, then it should be safe.
So how do you fund the 2nd account? Well, if you're just after rakeback. You can just use the transfer feature of the poker site and transfer money from the 1st account to the 2nd account. Obviously if your wife was really playing. Then its legal for you to give her a bankroll.
If you're after the initial bonus, then it needs an initial deposit. It was easier before when moneybookers was still around because moneybookers itself had the transfer money feature internally. You let your wife/sister/niece open a new account in MB. You withdraw some money to MB from your poker bankroll. Transfer it to your relative's account thru MB less some minor fees. Then make a new deposit using the new account. And voila.
Without moneybookers, it gets a bit complicated since you have to fund the new account using a different e-wallet account than the one you currently have. But it should still be OK to open lets say a new click2pay account under your relative's name and have it verified. Its just a longer process but still possible. I would guess depositing thru western union in Pokerstars is safest and fastest since they have no way of checking who made the deposit.
Withdrawal is also simple if you did not open a 2nd e-wallet account. Just transfer any winnings back to the 1st account and withdraw the same way you normally do.
So there you have it. Now you can play with rakeback and avail of another bonus. A word of warning though, you do this at your own risk. I can assure you that it works because I know other people who have done it this way. But as with anything profitable, it comes with its own set of probables. Just don't blame me if your account is suddenly frozen. =D
Of course, if you are opening a new rakeback account. Please do allow other Filipino players (like me) to refer you. Heheh. You get the full percentage rakeback and benefits same as if you just opened it by yourself. But at least, the referring player gets something that would have gone to the rakeback site lang anyway. Sayang din.
Out in the poker front, I finally nailed down 1st place in an online tourney after a long long time. Woohoo. See below
The catch is it was just a $2 MTT. Hyuk hyuk. Why you may ask am I playing a $2 tourney in the first place? Well, as I said in a previous post, I was having a bad September start. So I wanted to gain some confidence back. I'm not that pig headed to want to stick to a certain limit that I already play in. I'll play low buy in MTTs because even though the winnings are low, the players are well to put it mildly, god-awful. It's actually a good strategy. Part bankroll management and part "how to break a losing streak" kind of move.
Btw, my personal thanks to Pepesmith of Pokermanila for including my blog in the Pinoy blogroll. I appreciate the gesture and hope I can give something back to the poker community thru the contents of the blog. Also, if you are a new reader, please feel free to agree or disagree to whatever I write down here. I am no expert and like everyone else, I consider myself an avid student of the game. I certainly welcome any comments that would make our poker-playing a better and more profitable experience.
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