OwnersBucks are site credit that becomes convertible to real money as you play. Your conversion rate starts at 4% of your entry fees and increases based on your rank. OwnersBucks can also be used to enter OwnersBucks-specific contests.
How do OwnersBucks work?
When you enter a real-money contest, 1% of the entry fee is added to you OwnersBucks balance as a reward for entering the contest.
Note: When a user enters a real-money contest, part of their current OwnersBucks balance becomes convertible to real-money, based on a percentage of the entry fee. This conversion rate/percentage is based on the user's rank.
Example 1: If you enter a $100 real-money contest, your OwnersBucks balance will increase by 1. (1% of 100 = 1)
Example 2: A user with a rank of Rookie (4% conversion rate) enters a $100 real-money contest, 4 OwnersBucks from their current balance would become available for conversion to real-money. (4% of 100 = 4)
Example 3: A user with a rank of Hall-of-Famer Tier 3 (4.75% conversion rate) enters a real-money contest of $50, 2.38 OwnersBucks of their current balance is now available in their convertible OwnersBucks balance to be converted to real money. (4.75% of 50 =2.38)
Note: OwnersBucks can only become convertible if you have an OwnersBucks balance. Therefore if you have 0 (Zero) OwnersBucks and enter a real-money contest, your convertible balance will not increase, however, your overall OwnersBucks balance will increase by 1% of your entry fees spent in real-money contests. We reward ranking up with a higher rate of conversion.
Conversions are not automatic and must be performed through your OwnersBox account.
Our conversion rates are subject to change. OwnersBucks have no cash value.
For more info on ranking rewards, see HERE.