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

04-07-2013 , 10:20 AM
Quote:
Originally Posted by SeaKing
Yeah I certainly agree with you on that point. I think the rake at 2PLO - 100PLO should be at least in line with 200PLO where the average player is only paying ~8bb/100 or so in rake. Paying over an entire 100bb buyin in rake to play 1000 hands of Poker at any limit is incredibly ridiculous, not to mention paying over two buyins at 2 - 10PLO (correct me if I'm wrong, but pretty sure those limits are paying something like 18 - 22bb/100 hands).

One issue that hasn't even been brought up is how many MILLIONS of dollars PokerStars has made ("saved") by switching to a contributed rake model. I feel that a contributed rake model is the fairest option for giving back in the form of rakeback/bonuses/VIP programs, but the fact remains that they are giving much less back to the community due to how their VIP program is structured.


The old dealt model for a "standard" 2/4 game that raked $6 at the table would be distributed something like:

200K VPP reg: $1 * .41 = $.41
300K VPP reg: $1 * .43 = $.43
500K VPP reg: $1 * .45 = $.45
1KK VPP reg: $1 *.58 = $.58
100K VPP semi-reg fish: $1 * .37 = $.37
50K VPP recreational fish: $1 * .286 = $.286

=$2.53
or ~42.1% collective rakeback for the table.


With the newer contributed model it looks something more like:

200K VPP reg: $1.03 * .41 = $.422
300K VPP reg: $.95 * .43 = $.409
500K VPP reg: $.82 * .45 = $.369
1KK VPP reg: $.75 *.58 = $.435
100K VPP recreational regular: $1.05 *. 37 = $.389
50K VPP recreational fish: $1.40 * .286 = $.40

= $.2064
or ~34.4%


For a game they rake $7 million from per year this is what they give back:
2947000 in effective rakeback for dealt model
2408000 in effective rakeback for contributed model

A difference of $539,000


When you take into account the lower yearly VPP totals for a game like 100PLO, the returns on 7 Million rake are probably something more like:

Dealt = 40% = 2800000
Contributed = 29% = 2030000

= Approximately $770,000 PokerStars has gained by switching to a contributed model that vastly cuts back on how much they are giving back to the community in rewards and bonuses, and this is JUST for 100PLO...

These numbers have to be brought up at the meetings.

The reward numbers I used I got from fpppro.com
Doesnt make completely sense to me, sorry.
Its true i get less vpp since the switch to contributed model. But this is due to stacksize(shortstaking) imo, what didnt make any diff b4 at standard model.
The models just switched the way of counting of the rakecontribution, not the number of vpps paid for a special amount of rake paid. So in my small head there cant be a diff in the paid vpps in total, just prolly that the nitty SNEs get less vpps and due to them having the bigger accumulator into fpps stars has to pay less rb? So far so good but why do the rec/fishes in your statistic come to so much higher rb in contributed than b4 in standard? Just cause you give them a higher vpip in general/bigger stacks?
no money plo, everyone is raked Quote
04-07-2013 , 10:47 AM
Quote:
Originally Posted by Maver1ck
I dunno what you guys think about SNE, but imo its close to imposs to reach SNE if you arent a bot that has noing else to do than grinding online all day long the whole year.
I play plo200-plo2k, mostly plo400-1k, average 8t up to 15t, I receive more vpps then the most due to higher vpip, and I hardly can reach 500-600k vpp/year what pays about 45% for what you have to hit the final milestone pretty exactly.
If i play some hours 6days a week i prolly get 100k vpp/month if i dont take breaks.
So SNE imo is def just for kids able/willing to sit in front of their pc 24/7/365.
Sounds like it shouldn't be that hard for you to make SNE. How many hands are you averaging per month?
no money plo, everyone is raked Quote
04-07-2013 , 12:43 PM
Quote:
Originally Posted by Maver1ck
I dunno what you guys think about SNE, but imo its close to imposs to reach SNE if you arent a bot that has noing else to do than grinding online all day long the whole year.
I play plo200-plo2k, mostly plo400-1k, average 8t up to 15t, I receive more vpps then the most due to higher vpip, and I hardly can reach 500-600k vpp/year what pays about 45% for what you have to hit the final milestone pretty exactly.
If i play some hours 6days a week i prolly get 100k vpp/month if i dont take breaks.
So SNE imo is def just for kids able/willing to sit in front of their pc 24/7/365.
I believe SN+ is meant to refer to the people who earn anywhere from 100k - 999,999 VPPs during a calendar year, not SN = Supernova and SN+ = SNE. I agree getting SNE at PLO is a sick task due to how much harder it is to multitable than NLH and you don't always have 18+ tables to play for the players who are actually able to profitably play that many.


Quote:
Originally Posted by Maver1ck
Doesnt make completely sense to me, sorry.
Its true i get less vpp since the switch to contributed model. But this is due to stacksize(shortstaking) imo, what didnt make any diff b4 at standard model.
The models just switched the way of counting of the rakecontribution, not the number of vpps paid for a special amount of rake paid. So in my small head there cant be a diff in the paid vpps in total, just prolly that the nitty SNEs get less vpps and due to them having the bigger accumulator into fpps stars has to pay less rb? So far so good but why do the rec/fishes in your statistic come to so much higher rb in contributed than b4 in standard? Just cause you give them a higher vpip in general/bigger stacks?
The number of VPPs paid out is directly proportional to how much rake that person has paid. For every $1 in rake that you have contributed you will get 5.5 VPPs at a shorthanded table and 6VPPs at a FullRing table which is why it take less overall rake to achieve SNE and all the other VIP levels at FR tables than 6max.

So when $6 is taken off the table with the old model it is assigned as $1 in rake paid each. With the contributed model, you can see that I assigned $1.40 on rake being attributed to the 1 - 2 tabling recreational fish, and $.75 in rake to the SNE grinder who as you mentioned earlier is playing a much more systematic robotic style.

VPPs are just PokerStars' way of trying to remove the $ value assigned to how much they have raked, I think for their business model it looks a lot better saying you get Supernova Elite at 1,000,000 VPPs rather than saying that you have to rake over $181,818 during a calendar year to achieve SNE.
no money plo, everyone is raked Quote
04-07-2013 , 03:16 PM
the main problem seems to be the close-running equities in PLO, which result in smaller edges. No one complains about MTTs getting raked ~ 10 percent, because the edge of the professional grinder compared to the average player is rather high.

Let alone for the fact of the small attainable edges, we need a rake reduction for the future sake of the PLO player pool.

And whoever goes to the Isle of Man should point out that PLO is more and more becoming Pokerstars' cashcow and stress that it won´t be very anticipatory to slaughter this cashcow for short-term profit!
no money plo, everyone is raked Quote
04-07-2013 , 10:05 PM
Everybody knows that poker is SO MUCH harder to beat nowadays than a few years ago, so the margins are obv much smaller. Why is it that the players are the ones absorbing 100% of this downward trend? We take a huge "pay cut" because the industry matured skill-wise, yet we're still being charged the same rake!

Why wouldn't the poker sites realize that in order to not cripple the industry, they have to lower the rake, in general, across the board or else everyone will go broke? Including them.

A more competitive player pool these days makes variance increase and profits decrease for a reg...so without stars reducing the rake, many players are going to be forced to quit poker altogether and find a real job. I'm sure this has happened a ton already.

Bottom line...if regs can't make money, there won't be regs and therefore won't be volume. Everybody loses!!!! Including Stars!!!

Stars' whole business is poker...if regulars can't beat the game (regardless of the reason) they'll be forced to quit poker.

So the big question is "What's better for Stars"?

Option 1) Charge a lower rake which will allow higher volume traffic (and allow regs to sustain a living)?

Option 2) Keep rake the same on a diminishing player pool (the regs are forced to quit poker because they can't make money anymore)?

In my mind, they both suck for Stars, but at least option 1 keeps their business a little more sustainable because you can't make money without a player pool!!!!
no money plo, everyone is raked Quote
04-08-2013 , 08:03 AM
Quote:
Originally Posted by SeaKing
I believe SN+ is meant to refer to the people who earn anywhere from 100k - 999,999 VPPs during a calendar year, not SN = Supernova and SN+ = SNE.
Oops, sorry, I read SNE instead of SN+, so you are right ofc
no money plo, everyone is raked Quote
04-08-2013 , 08:16 AM
Quote:
Originally Posted by IsaacAsimov
Sounds like it shouldn't be that hard for you to make SNE. How many hands are you averaging per month?
When I play online the whole month I am able to get 100k vpps (70-80k hands), but I cant do that the whole year. Besides playing also other sides due to gameselection (lots of times the plo-games at ps are really useless), I also play lot of live for a change in between (wsop etc) and obv need some off-poker-time aswell, I guess 10months/year onlinegrind solely at PS would be 2 much 4 me, SNE is not worth it imo...
Not to forget the breaks it always takes when i smashed my notebook due to one of those lovely unreal downswings

Last edited by Maver1ck; 04-08-2013 at 08:22 AM.
no money plo, everyone is raked Quote
04-08-2013 , 08:40 AM
Quote:
Originally Posted by SeaKing
The number of VPPs paid out is directly proportional to how much rake that person has paid. For every $1 in rake that you have contributed you will get 5.5 VPPs at a shorthanded table and 6VPPs at a FullRing table which is why it take less overall rake to achieve SNE and all the other VIP levels at FR tables than 6max.

So when $6 is taken off the table with the old model it is assigned as $1 in rake paid each. With the contributed model, you can see that I assigned $1.40 on rake being attributed to the 1 - 2 tabling recreational fish, and $.75 in rake to the SNE grinder who as you mentioned earlier is playing a much more systematic robotic style.

VPPs are just PokerStars' way of trying to remove the $ value assigned to how much they have raked, I think for their business model it looks a lot better saying you get Supernova Elite at 1,000,000 VPPs rather than saying that you have to rake over $181,818 during a calendar year to achieve SNE.
Its obv that the new ****ributed model gives less vpps for same play if you play low vpip or/and are a shortstacker. So it makes a lot of sense to me that PS save hills of rakeback due to thats the style of most of the massgrinders, who get much more value on their vpps than the recreational players, which are mostly bronze-platinum-vips.
And thats imo the only reason why PS changed the rakemodel, due to make more money, what is ofc the target of every company.
Thats why I dont have much hope they will ever lower the rake in plo as long the games are going and they have the monopoly anyways, they also lowered the rakeback at FTP compared to b4 black friday.
no money plo, everyone is raked Quote
04-08-2013 , 08:42 AM
Why this dumb software ***** the word contributed???
no money plo, everyone is raked Quote
04-08-2013 , 09:38 AM
maybe it was a typo and you wrote an u instead of an o
no money plo, everyone is raked Quote
04-08-2013 , 11:39 AM
Quote:
Originally Posted by Maver1ck
When I play online the whole month I am able to get 100k vpps (70-80k hands), but I cant do that the whole year. Besides playing also other sides due to gameselection (lots of times the plo-games at ps are really useless), I also play lot of live for a change in between (wsop etc) and obv need some off-poker-time aswell, I guess 10months/year onlinegrind solely at PS would be 2 much 4 me, SNE is not worth it imo...
Not to forget the breaks it always takes when i smashed my notebook due to one of those lovely unreal downswings
Well, it just depends how you look at it. I usually play about 5 - 6 hours during weektime and about 2-3 in weekends. I usually play 10-16 tables. That's about 32 hours of play a week. And that without any travel time. That sounds like a ****load of free time, especially if i compare that to when i had a job. I usually also make 90k-130k Vpp's a month, so i can actually take 2-3 months off a year. You don't have to be an "internet nerd" guy to make SNE with plo imo.

If you want to do it-->
- Try to play close to daily. Its better to have 1 session during your "free days" and 2 on a normal day, compared too playing to many hands a day.
- You need to play a wide arrangement of stakes, if games are slow you should drop down (or set an alternative session time for the day).

Offcourse its a totally legit idea to play less tables, less hours a day, or play different sites on the side. But I think its fairly do-able to go for SNE as a fulltime plo midstakes+ prof. Offcourse you do have to have the multitabling skill.
no money plo, everyone is raked Quote
04-09-2013 , 04:20 AM
Bottom line is:

Dude, your company is rich as ****. All of you bigwigs are rolling in money. You're company has done so well because of us players. Even regardless of this fact, why not Robin Hood the wealth around to a bunch of grinders trying to make it in this world by giving each of them a little extra value that is exponentially more important than it is to you.
no money plo, everyone is raked Quote
04-09-2013 , 08:22 AM
^ Gosh golly, I bet they just didn't think about it this way! If you just put it to them this way, there's no chance they'll refuse to lower the rake!

To put some content in this clusterdung: no, that is not the point. To get stars to decrease the rake we have to make arguments based on how money flows in the poker economy. Does anyone have any understanding of this subject?
no money plo, everyone is raked Quote
04-09-2013 , 09:09 AM
Quote:
Originally Posted by fitzroy
Everybody knows that poker is SO MUCH harder to beat nowadays than a few years ago, so the margins are obv much smaller. Why is it that the players are the ones absorbing 100% of this downward trend? We take a huge "pay cut" because the industry matured skill-wise, yet we're still being charged the same rake!

Why wouldn't the poker sites realize that in order to not cripple the industry, they have to lower the rake, in general, across the board or else everyone will go broke? Including them.
I guess the change of the playerpool since the start of the pokerboom is the mainargument to reduce the rake.
Its so obvious that within the last years most of the fish died, and nowadays if you look at it - live and online - its very hard to find some still alive.
A short look at the PLO-lobby makes clear that the games are close to unplayable due to just regulars around and nearly no fishes. But there has to be 1 fish minimum at every table to be able to beat the rake, i.e. at 1-2 rake is about 60bb/100 at a 6max table, so after rb still about 35bb to beat left, someone has to lose it. In further times the bunch of fish did this job nicely, nowadays the only solution is to reduce rake to make these games playable, otherwise obv plo will die and no rake at all and PS will lose even more cash...
STARS SIMPLY HAS TO ADJUST THE RAKESTRUCTURE DUE TO THE CHANGES IN THE PLAYERPOOL. FULL STOP.

Last edited by Maver1ck; 04-09-2013 at 09:14 AM.
no money plo, everyone is raked Quote
04-09-2013 , 01:04 PM
Ok I have now only really the time to put alot of hands in, and after reading a few threads about how its unbeatable to rise from micro to mid/high stakes I was extremely worried, so decided to look for a backer to start at plo100 and hopefully move up if I beat that over a large sample.
Now after reading this thread it seems no one is winning at a decent amount at midstakes because of the rake, I mean wtf is going on, should everyone just quit playing plo, I cant because I hate nlh and Im sure Id be awful.
I could happily survive playing plo50 and even lower making $50k a year after rb but thats not what Im really looking for, Im looking to rise tru the stakes and compete.
So what is the lowest plo stake that someone can grind and the impossible rake not be a factor?

I know this is HSPLO and Im micro but I hope its ok if get involved in the discussion.
Id be very surprised if stars reduce the rake, its going to take a tremendous effort for the guys meeting with them to convince them its in their interest to.
I have posted my plo50/plo25 results on stars, which is another reason why Im so confused, everyone is saying its unbeatable but Im doing ok. I know Im running good and ist only 100k hands but I also know Im an average player with so many leaks and have only started studying plo.



no money plo, everyone is raked Quote
04-09-2013 , 02:54 PM
that's a huge heater right there
no money plo, everyone is raked Quote
04-09-2013 , 04:06 PM
Quote:
Originally Posted by eldodo42
^ Gosh golly, I bet they just didn't think about it this way! If you just put it to them this way, there's no chance they'll refuse to lower the rake!

To put some content in this clusterdung: no, that is not the point. To get stars to decrease the rake we have to make arguments based on how money flows in the poker economy. Does anyone have any understanding of this subject?
Agree to disagree. I don't think my argument is logicless, or contentless. While it would certainly help to show them it would benefit them financially, we're all people here and capable of compassion and understanding as well. Yes, sometimes people go out of the way to do nice things for other people, and that has real content to it too. I am arguing for this side of the "equation", which I feel everyone can understand too.
no money plo, everyone is raked Quote
04-09-2013 , 04:13 PM
Quote:
Originally Posted by cbt
that's a huge heater right there
+1
no money plo, everyone is raked Quote
04-09-2013 , 05:41 PM
Quote:
Originally Posted by Maver1ck
I dunno what you guys think about SNE, but imo its close to imposs to reach SNE if you arent a bot that has noing else to do than grinding online all day long the whole year.
I play plo200-plo2k, mostly plo400-1k, average 8t up to 15t, I receive more vpps then the most due to higher vpip, and I hardly can reach 500-600k vpp/year what pays about 45% for what you have to hit the final milestone pretty exactly.
If i play some hours 6days a week i prolly get 100k vpp/month if i dont take breaks.
So SNE imo is def just for kids able/willing to sit in front of their pc 24/7/365.
I'm no kid (38), 400PLO is usually my max limit, I live with my gf, have a social life and do a decent amount of self-employed web development work on the side too and I've made SNE last 4 years.

So it's not impossible... but yeah it's hard and I'm capable of playing a lot of tables that maybe not everyone is, and to be honest last 5 years I've been
marginal winner/loser (-1.00bb/100 - +1.0bb/100) so the swings are ridiculous.

It's a trade-off between my winrate and rakeback imo.
no money plo, everyone is raked Quote
04-09-2013 , 05:44 PM
Cromghlinn,

Your stDEV is 190 and your sample is less than 100k hands.

I will concede that you w/r is strong, but it's hard to overcome the high stDEV and low sample size for looking at something statistically significant.

There is fancy math I don't have access to that can give you confidence intervals of your true winrate, you could dive into that. I would imagine your stDEV is gonna still make the ranges bonkers though.
no money plo, everyone is raked Quote
04-09-2013 , 07:39 PM
Quote:
Originally Posted by cbt
that's a huge heater right there
Maybe, buts thats only stars hands which I have really only started playing last 2/3 months, ipoker over 400k hands is same with 60%rb up to plo100 but thats not the point.
Im sure theres loads of decent winners at micro/small stakes that stars will provide to prove its beatable. What Im looking to find out is it possible with hard work and grind to reach hsplo starting at plo50/100....99% of posters seem to think it is impossible.
no money plo, everyone is raked Quote
04-09-2013 , 08:15 PM
Quote:
Originally Posted by Cromghlinn
Maybe, buts thats only stars hands which I have really only started playing last 2/3 months, ipoker over 400k hands is same with 60%rb up to plo100 but thats not the point.
Im sure theres loads of decent winners at micro/small stakes that stars will provide to prove its beatable. What Im looking to find out is it possible with hard work and grind to reach hsplo starting at plo50/100....99% of posters seem to think it is impossible.
You have a 400k hand sample of beating micros on ipoker at approx. 20bb/100?

I'm not sure how you concluded that 99% of posters believe what you described not to be possible. I would think the opposite to be true. One of the points people are trying to make ITT is that not enough money is currently flowing up through the stakes to higher games and that this could lead to a gradual decline in the overall PLO economy. Whether this is true or not remains to be proven.
no money plo, everyone is raked Quote
04-09-2013 , 08:29 PM
Quote:
Originally Posted by Clayton
Cromghlinn,

Your stDEV is 190 and your sample is less than 100k hands.

I will concede that you w/r is strong, but it's hard to overcome the high stDEV and low sample size for looking at something statistically significant.

There is fancy math I don't have access to that can give you confidence intervals of your true winrate, you could dive into that. I would imagine your stDEV is gonna still make the ranges bonkers though.
190/sqrt(1000) = 6.

He's more than 3.5 std error away from zero. There is 99.9767% probability he was a true winner with >0bb/100 true winrate.
no money plo, everyone is raked Quote
04-09-2013 , 08:35 PM
I'm not disputing him being a winning player, I'm saying with stDEV of 190 it's awfully easy for a marginal winner to sunrun for 100k hands

In the context of no money PLO everyone raked, I don't think the post really serves any purpose.
no money plo, everyone is raked Quote
04-09-2013 , 08:46 PM
Quote:
Originally Posted by IsaacAsimov
You have a 400k hand sample of beating micros on ipoker at approx. 20bb/100?

I'm not sure how you concluded that 99% of posters believe what you described not to be possible. I would think the opposite to be true. One of the points people are trying to make ITT is that not enough money is currently flowing up through the stakes to higher games and that this could lead to a gradual decline in the overall PLO economy. Whether this is true or not remains to be proven.
No its 15bb/100 over 490k hands plo20-plo100 but evbb/100 is same.
I exaggerated by stating 99% ofc and also didnt mean posters in this thread. I am happy that I concluded wrong but theres many threads in ssplo stating micro/small stakes plo is very hard to beat on stars because of the rake.
Ok best of luck fighting the good fight with stars, gl.
no money plo, everyone is raked Quote

      
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