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How does “Reputation” work?

My question has 46 upvotes --- that should make 200+ rep. I've only gained about 150. What gives? I haven't hit the daily 200-rep gap ever. I know that for sure since I set the bounty to nicely even out my rep to 3000.

A bug or something else? For instance, my rep changes for Feb 21 describes +60 rep for upvotes but my question received 13 upvotes (65 rep).

Similar to this question but I didn't hit the rep gap before offering bounty.

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marked as duplicate by ChrisF, Cody Gray, Mat, Kevin Vermeer, kiamlaluno Feb 29 '12 at 5:12

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.

Basically yes, there is a cap on reputation 200 points from votes per day. Points from acceptances and bounties aren't capped. – ChrisF Feb 28 '12 at 18:49

If you expand the detail on that post, you'll see that "13 votes" correspond to 12 upvotes (+60) + a bounty (-350). So the totals displayed are correct here.

Also, the reputation cap is per day. Votes on your question spanned many days, as shown in your profile.

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Thanks. Didn't consider a bounty a 'vote'. Neither was the rep cap really about the daily one. Because the votes have been split to multiple days, what's the reason for rep loss? – progo Feb 28 '12 at 20:00

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