Thanks for all the feedback so far. Sorry if this reply is a bit choppy, I have family visiting from now until the IOM so my time is going to be tight replying. But I will be reading everything posted here in this thread so lets keep the conversation going!
Quote:
Originally Posted by henholland
2. Getting rid of or at least minimizing the predatory sit-in / sit-out thing that is being exercised to such an extreme by most regs these days. Who knows how many recreational players are scared off by this practice on a yearly basis. I can certainly guarantee that it is costing both pokersites and regs a ton of money.
10 and 11 have the new rules aimed for this exact problem:
http://www.pokerstars.com/poker/room/policies/ring/
Unfortunately the rules are not being enforced yet so noone seems to care about them
|
Are you suggesting more stringent enforcement of the new rules, or does another solution need to be found?
Quote:
|
It would also be really really interesting if stars could explain some its reasoning behind keeping rake at the levels it does. Are they f.ex based off of levels calculated to be long-term sustainable for the poker ecosystem while at the same time close to optimal profitability wise for PS?
|
I expect them to reply that it is the best rake structure in the industry coupled with one of the best rewards programs.
This needs to be countered that a comparison doesn't work because LHE is dead pretty much on all others sites. It hangs on at PokerStars but it is in decline and largely propped up by high-VIP chasers that play otherwise unprofitably.
Quote:
|
I know the actual numbers are probably treated as a business secret, but to at least know how much thought is behind having the rake at current levels would be nice to know as it would silence a lot of the speculation (mostly negative) going on among the regs today.
|
So far they appear to be open and candid with such data if we request it (we will be under NDA for all this but we can use the information to come to better decisions at hte meeting).
Quote:
Originally Posted by SuckoutKing
A couple thoughts.
1) A flat rake system might work if the first 3 big blinds are free. So, there is no rake up to 3 big binds, but then every dollar after is raked at some % (dependent on stakes) until the pot reaches the cap. The max rake is basically fine as it is, but the cap should be lowered to $2 for $2/4. A jump from $1 max. @ $1/2 to $3 max. @ $2/4 makes no sense. This should help keep $2/4's rake in line with $1/2 in terms of bb/100. One thing I heard that might make sense is to raise the rake cap to $2.50 at 5-handed rather than $3 if Pokerstars is insistent on a shift (for games $3/6 and above).
|
By my calculations, the rake structures proposed will lead to a slight reduction in rake at all stakes from 25c/50c upwards. It is down at full tables, slight increases at 5-handed, big increases at 3-handed. But, given teh samples I have, it's overall a decrease, even at the $1/ and $2/4 that we thought would be "pain points" for the proposed structure.
The analysis could of course be faulty. I expect to see similar data from PokerStars and I can verify my own analysis.
Quote:
|
2) Since WC and lower rake both mean fewer vpp/hand, there should be a significant drop in the number of people who reach SN and SNE. Ultimately, one would expect fewer people to even attempt to reach SN and/or SNE. If Pokerstars doesn't want to see a long-term drop in volume, they should consider increasing the vpp multiplier by 0.5; it is simple and relatively clean. By increasing the multiplier, the vpp/hand earned will be closer to what it was before. That means they don't lose as many grinders and games.
|
Does an increase in VPP multplier have support in the community, or are rake reductions or promotions to attract more recreational players more important?
[this question much just come down to a "are you SNE or not" but i hope we can discuss the merits of each objectively.]
Quote:
|
P.S. It is my opinion that Pokerstars should take an unprecedented step and deeply cut rake while utilizing a simpler VIP program. I believe there is a window of opportunity for Pokerstars to stave off the massive competition it will soon find from Party Poker and WSOP.com. However, I do not believe Pokerstars has any interest in significantly cutting rake.
|
Noted.
Quote:
Originally Posted by BigBadBabar
brainstorming time!
[... snip lots of good ideas ...]
|
There seems a common theme in this thread that lots of LHE players aren't looking *specifically* for more rewards or rake cuts or VPP multipliers, but are open to broader changes or promotions that will re-invigorate our game and improve the lobbies.
I will say that during this meeting I doubt we will get a firm commitment to changes that involve software development etc and conversation will likely focus more around rake structures etc.
With that said I will definately take the ideas proposed here with me and I think PokerStars will be very open to these broad ideas that improve the games for everyone AND will improve PokerStars' bottom line.
One idea that I've always wanted to see a site implement is this idea of a "global waitlist," similar to what BBB mentions above. I brought it up in a meeting with the IOM group a couple of days back and there was a lot of support for it. Fittingly Phil Galfond also suggested this in his "lets make some changes" blog post that's being
discussed in NVG. Here's
my post on it.
Basically the idea is that players join a global waitlist to join new tables, and when a certain number are on it (say 4-6 to start an new 6-max table), players are sat randomly together and a new game starts. Everyone has the option to quit the game. It would be a constantly revolving global list to start new games. It could work alongside, or instead of, traditional waitlists, "fast seating". I see it as having the benefits of Rush Poker (quick to start games, no bumhunting/buttoning/lobbyskills/sitting out skills) but not the downside (removing some of hte skill and fun of the game, making more like an arcade/casino game).
I don't know if much of the meeting will focus around these 'bigger' ideas and we know PokerStars is not fast in implementing software changes. But I think it's something like that which is needed for Fixed Limit to revive the game.
Btw, PokerStars' take on Rush Poker is expected end of the month, and I expect us to be discussing that during the meeting. The community may wish discuss their thoughts on how they see LHE Rush and how it may change the game.