Rakeback?
Rakeback is a returned amount of of the rake paid by a player. PokerStars has an extremely unique VIP program that effectively gives its players rakeback by awarding FPPs. Players can spend their FPPs in the VIP store. One of the better values for your FPPs is the $4000 cash bonus for 250,000 FPPs. It comes to 1.6 cents per FPP.

The PokerStars VIP program has a top heavy reward system. Players who put in lots of volume will have a much higher rakeback equivalent. As players earn VPPs and move up the VIP ranks, they are given an FPP multiplier, milestone bonuses, freerolls, and access to cash bonuses with better FPP values.

VPPs vs FPPs
     VPP are the base points and represent how much volume you have put in at PokerStars. They aren't worth anything and are reset yearly. In tournaments, you earn 5.5 VPP for every $1 in rake you pay. In cash games, you earn 5.5 VPP for every $1 in rake collected at short handed tables and 6 VPP for every $1 in rake collected at full ring tables. FPPs have value and are calculated based on your VPPs. As you move up the ranks of the VIP program, you are given an FPP multiplier. So, if you earn 1000 VPP as a Supernova, you get 3500 FPP (these are worth $56 when purchasing the $4000 cash bonus).

The Numbers
     Tables are included below with approximate rakeback percentages for the VIP ranks. "SNG/MTT/SH" refers to tournaments and short handed cash games. "FR" refers to full ring cash games. A custom calculator can be found here.

Bronze, Silver, Gold, and Platinum Stars

To find your rakeback equivelant, add the appropriate percentage for your game type and VIP Level from the first table to the percentage that matches your expected yearly VPPs in the "Stellar Milestones" table.

  SNG/MTT/SH FR
Bronze Star 8.8% + Stellar % 9.6% + Stellar %
Silver Star 13.2% + Stellar % 14.4% + Stellar %
Gold Star 17.6% + Stellar % 19.2% + Stellar %
Platinum Star 22.0% + Stellar % 24.0% + Stellar %
 

Stellar Milestones
VPPs SNG/MTT/SH FR VPPs SNG/MTT/SH FR
750 7.3% 8.0% 30,000 6.4% 7.0%
1,500 7.3% 8.0% 35,000 6.3% 6.9%
2,250 7.3% 8.0% 40,000 6.2% 6.7%
3,000 7.3% 8.0% 45,000 6.1% 6.7%
4,000 6.9% 7.5% 50,000 6.6% 7.2%
5,000 11.0% 12.0% 60,000 6.4% 7.0%
10,000 8.2% 9.0% 70,000 6.3% 6.9%
15,000 7.3% 8.0% 80,000 6.2% 6.7%
20,000 6.9% 7.5% 90,000 6.1% 6.7%
25,000 6.6% 7.2%  
 
Supernovas and Supernova Elites
  Starting as Bronze Star Starting as Supernova
  SNG/MTT/SH FR SNG/MTT/SH FR
Supernova 28% 31% 37% 41%
SN, 200k VPP 37% 40% 41% 45%
SN, 300k VPP 40% 43% 43% 47%
SN, 400k VPP 42% 45% 44% 48%
SN, 500k VPP 43% 47% 45% 49%
SN, 600k VPP 44% 48% 46% 50%
SN, 700k VPP 45% 49% 47% 51%
SN, 800k VPP 46% 51% 48% 52%
Supernova Elite 57% 62% 58% 63%
 
The Assumptions
     These were calculated by assuming players would purchase the $4000 cash bonus (250,000 FPPs). Using FPPs for satellites, gift cards, etc. may give a slightly better value (see Best FPP Value). Buying smaller cash bonuses or items with worse FPP values would decrease these numbers. Value received from VIP Tournaments are not included in these numbers (see below).

VIP Tournaments
     The Weekly $30,000; Monthly $100,000; and Quarterly $1,000,000 VIP Tournaments have not been included. Estimated values (based on tournaments from last year) for each tournament is listed below:

Est. Value VIP level Req.
Weekly $30k $2/entry SilverStar+
Monthly $100k $10/entry GoldStar+
Quarterly $1000k $250/entry Supernova+


The Graphs
     Once 200,000+ VPPs are earned, rakeback equivalent percentages fluctuate depending on where a player lands between milestones (see the graphs below for a visual representation). See the SNE/VIP Value Calculator for a more detailed analysis.

     The graphs below show the Rakeback Equivalent vs. VPPs Earned at Pokerstars. These graphs assume starting out as a BronzeStar and buying items in the VIP Store with a value/FPP of 1.6 cents.

Rakeback vs VPPs Earned (SNG/MTT/SH)

Rakeback vs VPPs Earned (FR)