Simply put a Cake Poker gold chip is what you earn when you reach a set number of Frequent Player Points by playing at any Cake Poker ring game or tournament.
Every time you are dealt a hand at a ring game and the rake of that hand equals or exceeds $1, you FPP’s equal to the amount of rake. For example if the rake is $1.50 you earn 1.5 FPP’s. As for tournaments, you earn 7 FPP’s for every $1 in tournament fees that you pay.
Now for how these FPP turn into the gold chips. Every month begins by your first 120 FPP’s turning into a gold chip. Then the subsequent gold chips are earned with fewer and fewer FPP’s until your 5th gold chip just requires 70 FPP. The 6th gold chip is then free, and 7th and beyond all remain at 70 FPP. Check out the table from Cake Poker below:
Now that you have your gold chips you can figure out how to use them. There are always gold chip tournaments that you can enter on Cake to increase your gold chip totals. Then every week or so there is a big tournament with a gold chip buy-in. These tournaments range anywhere from $5000 guaranteed to $15000 guaranteed, just for using your gold chips.
You can also purchase Cake merchandise from the Cake shop for as little as 100 gold chips. The Cake shop has a lot to offer, with XBOX 360’s, Ipods, Poker Books, and even entry into live tournaments.
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