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New worse rake structure on Poker room

Discussion in 'Casinomeister's Poker Room' started by Freudian, Aug 31, 2005.

    Aug 31, 2005
  1. Freudian

    Freudian Dormant account

    Location:
    europe
    Just want to give a heads up to those that play on Poker room. They have a new rake structure that has increased the rake, in some cases to insane 10%.

    There is a You must register/login in order to see the link. (You must register/login in order to see the link.) over at 2+2 where the players aren't particularly impressed.

    I have to say it is an insane business decision when there are so many competing sites around.
     
    Last edited: Aug 31, 2005
  2. Aug 31, 2005
  3. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    Edward from Pokerroom.com just joined the forum today. Maybe he'll give us some insight on this.
     
  4. Aug 31, 2005
  5. Freudian

    Freudian Dormant account

    Location:
    europe
    And remember that Party has far from the lowest rake around. The new rake at Pokerroom is ridiculous.
     
  6. Sep 1, 2005
  7. Aindreas_Daoc

    Aindreas_Daoc Dormant account

    Location:
    USA
    Here is a small comparison between their old and new rake structures.

    Pot $4; Old rake $0; New rake $.20

    Pot $9; Old rake $0; New rake $.80

    Pot $24; Old rake $1; New rake $2

    Game $3 - $6

    Pot $6; Old rake $0; New rake $.30

    Pot $18; Old rake $0.50; New rake $1.20

    Pot $36: Old rake $1.50; New rake $3

    As can be seen, in some lower limit games, the rake approaches 10%. That high a rake is insane for an online room. That is B&M casino rates, and an online room doesn't have nearly the expenses of a B&M room, so there is simply no reason other than greed.
     
  8. Sep 1, 2005
  9. bpb

    bpb Banned User - repeated violations of rule 1.14 (tr PABnorogue PABnonaccred

    Location:
    Haverhill
    Party Poker raised the rake on their .5/1 and 1/2 games back in late 2003. They started taking 50 cents at $5, and 75 cents at $12. This had virtually no negative effect on their games. They currently have over 180 tables of 1/2 going at 8:00 PM on a Wednesday night ... despite having a significantly larger rake at these levels than all of their competitors (at least until now).

    Your average recreational poker player doesn't understand the effect of rake, especially the effect of raking smaller pots at more frequent intervals. To them, the max rake hasn't changed. It is still $3, even though the average rake paid increases.

    Frankly, I'm surprised more sites didn't follow Party's move until now.
     
  10. Sep 1, 2005
  11. Freudian

    Freudian Dormant account

    Location:
    europe
    There are much less high volume players at the lower limits. Besides Party is fishy enough to attract players. And for the low limit players Party have plenty of easy to clear reload bonuses which counters the high rake.

    At Pokerroom a very good player will struggle to break even at 2/4 now. And just by chance the new $0.4 and $0.8 rakes makes what was a pretty tough bonus much harder to clear.

    Anyway, it was just a warning to the members of this forum to stay away. They will get much more for their money elsewhere.
     
  12. Sep 1, 2005
  13. realwtfsup

    realwtfsup Experienced Member

    Occupation:
    Laborer
    Location:
    Tacoma
    This sucks. Had just moved mmy gameplay to the pokerrom skin Hollywood poker. Was playing many of there tourneys also.

    This rake structure though is way to poor to continue playing there. Will move my business back to Absolute despite the tougher tables.
     
  14. Sep 1, 2005
  15. PokerRoom.com

    PokerRoom.com Dormant account

    Occupation:
    Affiliate Account Manager
    Location:
    Sweden
    New rake structure

    Hi all,

    Just a few clarifications regarding the recently updated PokerRoom.com rake structure.

    But first of all I hope that all of you bear in mind that basing the rake on Big Blinds instead of Pot Size is an entirely new system designed to equalize the percentage of rake paid by players of various levels. We believe doing so is fair. However, as an entirely new system it may need certain adjustments not spotted in our extensive simulations.

    1. The new rake structure tables have been available since yesterday.
    A link to the new structure was also posted in our news section yesterday.

    2. We still incorporate a No Flop No Drop policy. Naturally. The tables will be updated to clarify that.

    3. The overall drop in player points received is an effect we did not anticipate, intend nor did it surface during our extensive analysis.
    The Player Points system will therefore undergo an overhaul to adjust to the new structure and distribute more points.


    4. Certainly certain games on certain levels will now have to pay a slightly higher rake than before, but do notice that others will pay way less. All heads-up games as well as high-stakes limit games are obvious examples of this.

    5. The new, more dramatic cut-off point in paid rake can unfortunately lead to certain pots being raked around 9-10%. Do note however that these are extreme situations that only occur when a pot reaches a certain, exact size.

    Examples:

    Limit 5-10 players

    1/2 LEVEL
    Pot size $11 total rake $0.40
    Pot size $12 total rake $1
    Pot size $29 total rake $1

    2/4 LEVEL
    Pot size $23 total rake $0.80
    Pot size $24 total rake $2
    Pot size $48 total rake $2


    Finally we do appreciate all of the feedback and comments received from all you 2+2.
    Nothing beats hearing first-hand what the players themselves have to say.

    C u at the tables!

    PokerRoom.com
    Meet Them and Beat Them
     
  16. Sep 1, 2005
  17. pokeraddict

    pokeraddict Webmaster

    Occupation:
    Pro Poker Player
    Location:
    Las Vegas
    Pokerroom.com's network just celebrated getting to 3rd place by figuring they could pull this off. I have a feeling they will see their error. They now have the highest rake by far on the internet. Funny how this was done just a couple of weeks after one of their skins was forced to stop allowing rakeback. Also werent they planning on going public soon? I am sure a sudden drop in play will look very bad.

    All players can do is vote with their action. If you dont approve dont play there and as they sink maybe they will see their way. There is too much competition to play somewhere that thinks rake should be going up, not down.
     
    1 person likes this.
  18. Sep 1, 2005
  19. Freudian

    Freudian Dormant account

    Location:
    europe
    Be sure to mail them and tell them why you are moving to another network.
     
  20. Sep 1, 2005
  21. pokeraddict

    pokeraddict Webmaster

    Occupation:
    Pro Poker Player
    Location:
    Las Vegas
    I have already done this. I am sure they see this publicity nightmare. The worst thing they did was not correct the rake schedule on their website when they raised it. I cant imagine they thought this would go unnoticed.
     
  22. Sep 2, 2005
  23. paul1

    paul1 Dormant account

    Geez, I was just in a $3-6 game and the pot was $13 and there was already $1.20 raked. That's a little steep, ain't it?

    Also, it may be my imagination, but it seems like there are less players there today than there typically was a few days ago. I wonder why.
     
  24. Sep 2, 2005
  25. hhlqh

    hhlqh Guest

    about cpa

    who had received the CPA of pokerroom?the money need pay to me yesterday ,but still not received it now ?why?
     
  26. Sep 2, 2005
  27. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    Forum account deleted

    hhlqh's account has been deleted. From the registration sign-up rules:

    When filling out your registration information, please refrain from entering merely an "*" or "-" or "dfdfd" in the "about you" or "location" fields. These are considered "bogus" answers and your application will be discarded.

    Please feel free to re-register without bogus answers.
     

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