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no money plo, everyone is raked no money plo, everyone is raked

03-28-2013 , 02:29 PM
Quote:
Originally Posted by tongni
I'll make the connection for you, on the off chance that you're not being intentionally obtuse.

nope, im not, sorry if it came accross like that

BB/100 hands is a deceptive metric when dealing with low stakes poker, because so much of the return to the player is given through FPP's and other incentives. The fact that less than half of the players at this stake win even after taking into account all those things is not a strike against high rake. Even in an unraked system, it is likely you would see a similar trend. Most players that are consistent winners would move up to the next level, and you would maintain an equilibrium of bad players running good, good players running bad, and breakeven players.

While i agree that rakeback is a large part of the profit of players of ssplo, i would also like to think that the best players of a certain limit are able to beat a limit without those bonusses. It can be argued whether these are the best players, but at least these are experienced players, so its fair to say they are likely quit good relative to most other players there. The real problem though is that even if very experienced players only make roughly 0bb/100 on average, how would a new player ever make it through the ranks of poker then? At pokerstars those rakeback% start at really low numbers. Even experienced players have trouble beating the rake. New players are just chanceless....

The OP deals with reducing the rake at low stakes PLO because it is unbeatable. The data provided shows some players winning at upwards of $100/hr over large number of hands, after FPP's are taken into account. It's not like I'm writing anything that PS doesn't know or hasn't already calculated to the 6th decimal place. I think there are other arguments for a modest reduction to rake, but if this is your only argument, then it may be a tough sell.
Well, your cherrypicking the winners here. Offcourse with a standard deviation of bb/100 of about 160 (or more for some players), you would expect some people to beat a stake significantly, thats just an outcome of randommness. Offcourse i don't say that these winning players are bad or not capable of winning at >3bb/100 longterm, but i say that (based on this information) there is no way to conclude this limit is beatable by a fairly large amount. In fact it shows me the contrairy, but it al depends of your interpretation of the data
.
no money plo, everyone is raked Quote
03-28-2013 , 02:36 PM
Quote:
Originally Posted by tongni
The OP deals with reducing the rake at low stakes PLO because it is unbeatable. The data provided shows some players winning at upwards of $100/hr over large number of hands, after FPP's are taken into account.
The point is that way too much is sucked out of the economy and landing in stars pockets.
A 3bb winrate with 3bb rake is way better than a 0bb winrate with 10bb rake.
Also stars claimed that the winrates (and that's pre rb afaik) are higher in PLO than in NLHE - yet the list shows the opposite.


Quote:
Payment processing, security for the games, customer support, servers, etc. probably costs about 15-20%..
Making up numbers makes no sense but I'm pretty sure it's way below that.
Afaik stars has a higher income per worker than google.

Last edited by cbt; 03-28-2013 at 02:51 PM.
no money plo, everyone is raked Quote
03-28-2013 , 03:04 PM
This makes me think i'm better of at no limit
no money plo, everyone is raked Quote
03-28-2013 , 03:19 PM
what about playing on euro networks with high rb? Is that a better alternative than playing on stars if you aren't SNE or good enough to crush MSPLO+?

Last edited by Toocuteforthis; 03-28-2013 at 03:20 PM. Reason: for plo of course (50-200)
no money plo, everyone is raked Quote
03-28-2013 , 03:28 PM
If elected I will definitely take this to the stars player meetings. And if not, the players chosen definitely need to be made aware of this thread and the evidence/stats.
no money plo, everyone is raked Quote
03-28-2013 , 03:41 PM
Is it any better at other sites?
no money plo, everyone is raked Quote
03-28-2013 , 03:44 PM
Do NLH players ONLY make a profit from RB these days? Why should it be impossible for PLO players to win before RB via skill? You have to play for SN+ to make a profit at all unless you run hot and the majority of the player base isn't going to grind it out. They've turned PLO and CAP into roulette with the rake.
no money plo, everyone is raked Quote
03-28-2013 , 04:10 PM
Quote:
Originally Posted by tongni
It's a little deceptive I think - first, pokerstars has to return about 50% on average in player incentives for those high volume players (that number may be a little high, depending on how many make it to SNE.
You are far from the truth here. It's PLO 100. I would be amazed if it was more than 35-40 percent
Quote:
Originally Posted by tongni
Payment processing, security for the games, customer support, servers, etc. probably costs about 15-20%.
Neeeever
Quote:
Originally Posted by tongni
Marketing might be somewhere between 10-20%.
That is the only number you pulled I tend to agree with

Cliffs: We could all start pulling out numbers out of our arses, but I think we're much better of with just tangible stats like OP's stats for example
no money plo, everyone is raked Quote
03-28-2013 , 04:12 PM
[img]http://s21.************/460ehczhz/Screen_Shot_2013_03_28_at_4_43_26_PM.png[/img]
no money plo, everyone is raked Quote
03-28-2013 , 04:16 PM
I'm glad this is coming to light. I've struggled with PLO 50 and below for more than 200k hands, refusing to give up. losing at~ 2bb/100. Always thinking that winning was just around the corner. It's not. -2bb/100 is basically crushing these games. Overcoming 15+bb/100 in rake, and 25+bb/100 in blind posting. Considering your avg. PLO win/loss rate is in fact -12bb/100. that says alot.

I love how stars claims the games are healthy. " there's 25% winners". ya. over how many hands? i guarantee that if the whole PLO population was forced to play 100k + hands, that the winner % would be less than 5.

I too, have a masssive PLO database (5MM+). Guess what? 1 ****ing guy who was crushing. the same guy. who dumped back all is winning in the next 6 months of play.

Low stakes PLO is a shill. don't believe all the BS you see posted by shill accounts. Do you really think that some sites wouldn't sink low enough to have a few shill posters on the forums, claiming sick winrates and posting sexy graphs? it's not hard to edit out losing hands from a database.

The PLO games are NOT healthy. not even close. and its no wonder stars if trying to push omaha right now. they would LOVE for all of you to chase after the holy grail. omaha is their cash cow.
no money plo, everyone is raked Quote
03-28-2013 , 05:20 PM
Quote:
Originally Posted by joeri
This is awsome Gui and i'm really happy that an actual plo player is going to these meetings after all. Great to see that you go with this in your mind as well.

I want to give you one major thing to think of (in case you didn't before), what i posted a few times earlier. Your analysis is a very very good insight, though it's not totally fair to just take the players that played the most hands like this. Maybe winning players move up? Also very likely is that the players running good keep in the game and play a large volume, the ones running bad will quit and don't make the list. So i expect the real list to be even worse than this.
When you are at the pokerstars meeting you can show them this. They will argue that there are still sizable winners at those stakes. Both reasoning hugely neglects the huge variance of plo (or alternatively poker in general). If you have the possibility to do some analysis with some of the Pokerstars staff member you should construct your analysis like this:
- Split your sample in two parts for every seperate stake
- Over the first part you select the 'good" players by a metric you've choosen (for example, select the players with the best winrates with minimum 100k hands played)
- Then test the winrates of these players over the second part of your data.

These winrates would be a more fair indication of a good players winrate.

Good luck at these meetings!
Thanks joeri.

I'm sorry but I didn't get exactly what you're suggesting. You're saying to split the database in half and check how players with best winrate in first half did in second half?

One thing that I can add is that, when I was importing the hands, I stopped 2 or 3 times to take a look how things were doing and they weren't any better at all.
no money plo, everyone is raked Quote
03-28-2013 , 05:23 PM
Quote:
Originally Posted by antchev
I also have no idea how OP is able to gather this information but it'll be really, really helpfull if he's able to provide us a simillar screen shot for as much limits as possible so we can analyze the data as a community and come up with a new rake model to be represented at the meeting which will be fairer and hopefully of mutual interest for both Stars and the players.

Without the data there's not much we can put on the table at the meeting.
I bought these hands this week with the only intention of checking how regs were doing and to see for myself how big the winrates in PLO really are. I don't have that many hands on any other stake or game yet.

Quote:
Originally Posted by Mig
Also could you get us the "average losing rate" of lets say the 1000 players who have over 200 hands of PLO 100?

What I would like to see is how many of these players do you need at a table to pay the 75bb/100 PS is taking out of the game.

In NL the worst players are losing over 50+++bb/100 easily as it's NO limit and equities run so far appart in PLO I wouldn't be surprised if it's way down that as the equities run closer together
Right now I'm rebuilding cache on my database (running for 12hours and will stiil take about 8 hr more). After that I'll see if it's possible to filter the database in some way to be able to check the avg losing rate.
no money plo, everyone is raked Quote
03-28-2013 , 05:49 PM
@ gui,

yes thats what i mean. Lets say you select the 250 biggest winners (in bb/100) on your first 2,5 million hands (min 20k hands played). Then i would like to see how these players (as a group) did in the rest of the sample. The idea is that you select mostly "good" players and you look at how the good players did.

That way you won't have a bias for running hot/cold en moving up/down.
no money plo, everyone is raked Quote
03-28-2013 , 06:20 PM
I'm likely #4 or #5 on that list (play roughly 50% 0.5/1, 50% 1/2 - 2/4), but am SNE so am profitable. Based on volume and my own data I'm guessing there are no more than 5 regs who are SNEs at these stakes.

It is my opinion that its virtually impossible to be profitable over a decent sample (let's say 500k hands, 100bb stacks (deep is different) for the sake of argument) without decent rakeback (SNE) and/or heavily table selecting. And - this is important - Stars are currently trying to reduce table selection or eliminate it altogether. WTF are they thinking? Maybe this is relevant at 5/10+ but at small stakes - do this and you COMPLETELY kill the small stakes games - and don't think there's no connection between small stakes and 5/10+. I hope some Stars rep is reading this - and maybe you can make the data you showed at the last Stars/2+2 rep meeting that apparently claims winrates are higher at PLO public?

I work on my game, am intelligent, but have never table-selected and lack discipline, so maybe if I can get my act together I'll get there. But it's so hard... have tried to move up in the past but meh, permanent runbad. I feel sorry for anyone just starting out who just doesn't have a chance.

GL
no money plo, everyone is raked Quote
03-28-2013 , 06:28 PM
haha no table selection and you won't see me playing a single hand @plo w/o drastic rake reduce.
i am a big fan of competition but came to the conclusion that the 7th player sitting at every table is just too strong
no money plo, everyone is raked Quote
03-28-2013 , 07:06 PM
Great post.
[unfortunately it doesn't encourage me to play ...
And what is gonna to happen if there is not many new players coming to the game?]
no money plo, everyone is raked Quote
03-28-2013 , 07:26 PM
Shimmy what do you think average RB for players are in this sample? Grizy guessed ~40 but probarly way lower if its just 5 SNE's?
no money plo, everyone is raked Quote
03-28-2013 , 07:31 PM
45-50 at least. SN gives you 45.
no money plo, everyone is raked Quote
03-28-2013 , 07:38 PM
All the players in that screenshot will be SN (about 0.45 - 0.5 VPP/hand at .5/1 PLO), so I would guess 50% average if what cbt says above is correct (not sure of exact figure for SN).
no money plo, everyone is raked Quote
03-28-2013 , 07:39 PM
Woah!

Not touching PLO with a bargepole until the rake is improved, no matter how tempted I am
no money plo, everyone is raked Quote
03-28-2013 , 07:50 PM
Quote:
Originally Posted by cbt
45-50 at least. SN gives you 45.
Should be a starting 35% for SN.
no money plo, everyone is raked Quote
03-28-2013 , 08:01 PM
$1 rake = 5.5vpps

5.5vpps x 3.5 = 19.25 fpps

19.25 fpps x 0.016 = $0.308

$2600 milestone bonus = 100k vpps or $0.143 per 5.5 vpps

So minimum of 45.1% rb when you're SN and keep playing and more when you're getting higher milestone boni.
Starting as SN and achieving SN again is only ~38% tho i think, cba atm to calculate ^^.
no money plo, everyone is raked Quote
03-28-2013 , 08:11 PM
let's also not forget that a huge part of that rake is recreational players that get a much smaller cut on the rakeback

the picture provided in the OP only accounts for around 9-10% of overall rake totals
no money plo, everyone is raked Quote
03-28-2013 , 08:15 PM
yea was just putting up some numbers for SNs.
everyone else is getting back 9-22% or so.
no money plo, everyone is raked Quote
03-28-2013 , 08:36 PM
Quote:
Originally Posted by Clayton
let's also not forget that a huge part of that rake is recreational players that get a much smaller cut on the rakeback

the picture provided in the OP only accounts for around 9-10% of overall rake totals
yeah i was just giving a (probably too high) estimate for the players in the OP's screenshot, obv average rakeback for all players is much less, probably 20-25%, and that is likely optimistic.
no money plo, everyone is raked Quote

      
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