Originally Posted by Slippin'Jimmy
For the nonbelievers, consider this:
How do they afford a $1000 gtd tourny every night that averages 200 players on a $2 +.20 buy-in? Any gtd tourney I've ever played their has at least a 50/50 difference on average. Meaning the buy-in's cover half the prize pool and the house meets the rest. How do they afford the daily $500 freerolls with their current player pool? Do the math and compare their monthly expenses with their income. It doesn't add up. I suppose you some will say they're ever so generously giving away the 16 mil they allegedly raised. LOL
So, where is their profit margin? They're in the business to make (or take) money. So where's it come from? They make nothing off our deposits. You put in $20 and you have exactly $20 to play with. We don't see the rake, but I've read it's 5%. With the majority of members playing at micro stakes, let's say the average pot is $20 (that's being very generous). Then the rake is a buck. $1. Think this covers the bill? Hell no. They steal from us to make a profit.
Last point I'll make is this; let's assume they are legitimate. Why aren't they on this thread providing their customers with the answers they deserve. Why aren't they responding to our emails? Wouldn't they want to uphold their reputation? It's been days.
Think about it.
Oh and btw, to the guy who told me to take some math classes, why don't you have a look at these numbers and also learn a thing or two about programming. It's extremely easy to manipulate an algorithm that puts the odds against you and in their favor.
I wanted to believe global was the real deal, but they aren't. In time, it will become evident to all. But then again, there are still people playing at ignition lol so maybe not. The only way we'll ever have a legitimate online poker room again is if the community comes together and makes a political push for it.
The freerolls aren't freerolls at all. You need to basically rake $7-8 minimum to qualify. With 80 or so players that is a minimum of $640 in rake just to qualify for that freeroll.
The $2 $1000 GTD tournament is a rebuy so even with 200 players it comes close or exceeds the guarantee.
They have 3-4 tables of 2/4 running most days afternoon and night and usually 5-6 1/2 tables running. They also usually have about 4 1/2 PLO games that get raked to death because average pots are often $100+. With games being so loose on this site they probably make close to $2500 an hour just off games 1/2 and higher afternoon and night.
I think they are doing okay for a very new site.
The support has completely disappeared. It's absolutely brutal. I have a pending cashout that I requested on the 21st which obviously hasn't been paid yet because it's the weekend. I was just paid on the 19th for a separate cashout and it took about 48 hours to receive.