New iPoker Rake Calculation - Internet Poker

Scottyy · 11-25-2011, 08:25 PM

http://pokerupdate.com/news/networks...e-calculation/

I'm guessing rakeback is done on iPoker if anyone was receiving it now.

Scotty

CrazyNL · 11-25-2011, 08:30 PM

sucks

spooky shadows · 11-25-2011, 08:32 PM

Quote:

While appearing like an Essence-esque approach to rake calculation, iPoker's adjusted method is more transparent and still provides players with high rates of return.

sigh

woodys · 11-25-2011, 08:47 PM

In too dumb to make any sense of the article but will this affect sit n gos?

jim_money · 11-25-2011, 09:03 PM

New iPoker Rake Calculation
25 November 2011 by Jamie Nevin - http://ipvip.co/v6wjz

In addition to the current methods of calculating rake (dealt, contributed and proportional), a new rake calculation will be available on the iPoker network—adjusted.

It distributes rake based on a player’s contribution to the pot and a score calculated by a proprietary algorithm. While appearing like an Essence-esque approach to rake calculation, iPoker's adjusted method is more transparent and still provides players with high rates of return.

The adjusted rake calculation, which is expected to come into effect early next year after the network unveils a new round of software updates, is based on the following equations:

Player's Score = (Contribution Percentile * Contribution Weight) + (Income Ratio Percentile * Income Ratio Weight)
Score Ratio = (Player's Score) / (Sum of Scores),
Adjusted Player Rake = (Original Player Rake) * (1 – Adjusted Rake Weight) + Score Ratio * Game Rake * Adjusted Rake Weight
Contribution Percentile is between 1 and 100, where top positive contribution receives a score of 100 and lowest receives a score of 1.
Contribution Weight is a percentile to adjust the Total contribution of the player.
Income Ratio Weight is a percentile to adjust the Total Income of the player.
Income Ratio Percentile - calculation for positive and negative contributors is done separately. Here positive and negative is used in the sense of players contributing positive or negative in favor of the licensees. Total Contribution = Total Wins – Total Bets + Total Rake
Sum of Scores is calculated from all players’ score, whose rake contribution is > 0, i.e. the player with Original Player Rake > 0.
Original Player Rake is the player contribution rake according to the distribution method.
Game Rake is the total rake in the hand.
Adjusted Rake Weight is the rake percentage to be adjusted.

The scoring calculation is based on cash games only. Tournaments activity has no impact on scoring.

Quote:

Originally Posted by woodys

In too dumb to make any sense of the article but will this affect sit n gos?

Quote:

The scoring calculation is based on cash games only. Tournaments activity has no impact on scoring.

wat...

jspill · 11-25-2011, 09:11 PM

Party switches to contributed and now this, essence on ipoker... really seems like the smaller sites are all struggling and using rake changes as a money grab

gg ipoker. All hail pokerstars lol

buck22 · 11-25-2011, 09:17 PM

Crack down on bots? Software update bringing ipoker into the 21st century? Mass advertising campaigns?.....priorities still well in order I see.

Such a friggin joke network, only thing keeping these dumb f^^^ers afloat is dodgy rakeback affiliates and now theyre messing with that!

Are they even trying?

buck22 · 11-25-2011, 09:20 PM

lol pulling this near December too! ALL ABOARD THE S.S. SUPERNOVA!! fools

jspill · 11-25-2011, 09:29 PM

link to the huge essence thread when ongame introduced it http://forumserver.twoplustwo.com/28...ssence-827422/

and another http://forumserver.twoplustwo.com/28...ssence-960585/

Quote:

Most people seem to have lost around 30-60% of their total rake

Quote:

yet to see anyone who claims that their return% went up

Enervate · 11-25-2011, 09:34 PM

time to move to pokerstars. It'll make me work harder...

Alrighty Roo · 11-25-2011, 09:36 PM

ARGH TERRIBLE NEWS. Looks like I'm staying at Minted despite the low volume.

Quote:

Originally Posted by jspill

Party switches to contributed and now this, essence on ipoker... really seems like the smaller sites are all struggling and using rake changes as a money grab

[ ] Party is small
[ ] iPoker is small

teddyFBI · 11-25-2011, 09:36 PM

cliff's for someone who doesn't really understand?

LoveDonkey · 11-25-2011, 09:38 PM

don't get it... does that mean there is no rackback deal in the future? or the rake is going higher for cash game only?

AllBlackDan · 11-25-2011, 09:39 PM

Im sure the extra site revenue will be pumped into more advanced bot detection techniques and game security

jspill · 11-25-2011, 09:45 PM

This is a good article explaining essence:

Quote:

Ongame's Essence and What it Means to Players and Affiliates

by Pokeraddict on 08-05-2010 at 05:17 PM (2333 Views)

On July 15th Ongame introduced their new rake and points distribution system called Essence. This new system is confusing to say the least. While the points and rake generated in tournaments stayed the same there isn't any way for a player to figure out how they are earning points. Winning players now receive fewer points and their affiliates and site operators receive less rake and the losing players now receive more points while the site operator receives more rake. This has caused quite a few problems for players and affiliates.

For many, if not most, players trust is extremely important. When a player signs up for an Ongame site now there isn't any way to tell them how the bonus will clear. This is a problem we have to continually address on our rakeback retail brand, RakeTracker. Sure the player will know they will have to earn 8 points per $1 but now they don't have any idea how those points will be earned. Every other site and network has a definite answer do the question "How do I clear the bonus?" but not Ongame. Winning players that have played on Ongame for years are now in a situation where they are earning fewer points. Players have no way of knowing if this formula was fair or if they earned the correct number of points.

There is also another dilemma. Losing players are now earning more points than before. If one of these players does any research or contacts the site they will figure out that Ongame has now labeled them a losing player and they are now subsidizing their losses. Some players might think that is great because now they will deposit less but quite a few players will find it insulting to find out the network is helping to support them because they are a fish.

There is also the affiliate side of this issue. Part of the reason Ongame says that they did this is to encourage affiliates and Ongame site operators to attract more losing players. There isn't any good way to do this. Many affiliate sites are tied to poker coaching or bonus information sites. For players these are some of the most popular portals out there. A player sees a great offer or gets some coaching and to support the site a player signs up through them. A portal owner doesn't have any serious way to stop winners from signing up through them. Now the skin, the affiliate and the player all get penalized.

Another argument is how does a site operator or affiliate attract more losing players? "Do you lose $10,000 a month in online poker? Ongame is the best network for you. The more you lose the more player perks you receive." Perhaps this is how casinos work in the real world but poker rooms have never adopted this model. Now a casino model designed to attract losers is being used in poker where players can actually beat the games. On top of this players that win are treated poorly and pushed out of the network because their VIP Program is worse than it used to be simply because they know how to play the games.

There is also a plan that can cause this to backfire. For example, a player has made it high up on an Ongame skin's loyalty program is a winning player. Now all at a sudden their points and perks have been cut drastically. This player might decide to just move to another Ongame skin so they can start all over with a big 8x bonus and an average player's Essence rating. Now the Ongame skin and affiliate that spent money marketing to this player and spent a fortune retaining this player has just lost the player to another skin simply because the player was not a losing player. This is the complete opposite result Ongame is trying to achieve.

In my opinion the absolute worst outcome of this type of promotion is that the network now has the reputation of not wanting winning players. Word will get out that you shouldn't play on Ongame if you want to win because they will just short change your VIP deal, bonus and cashback. I simply cannot see how any gambling establishment, brick and mortar or online, could possibly want to have such a reputation where winners are treated poorly.

Ongame says they are doing this to help with the poker ecosystem. Running off winning players will certainly help with that but all that will be left are players grinding away slowly and never winning. When nobody is winning on the network because the rake eats all of the deposits and the regular players that once helped act as cheap props are gone the games will dry up and all of the action will move elsewhere.

Quote:

Originally Posted by Alrighty Roo

[ ] Party is small
[ ] iPoker is small

said 'smaller' not 'small' if you want to get technical

i know they're the #2 and #3 rooms but they're both dwarfed 6x by #1