http://www.fullcontactpoker.com/poke...owtopic=147358


Obviously he stays bang on message.


Man of the people everybody!

The hard thing is that people might waste a year of manpower in searching for success where it isn't achievable.

.

It's good that he's one of the few Red Spades to put his head above the parapet.

It's bad that his "two cents" is only worth one cent after being converted at the current market rate.

Spot on, Negreanu. How else was stars going to "continue being the world leader in a competitive market" with a measly half a billion in yearly profits? Dangerously low margins of not even 40%?
These changes were inevitable.

Statement as expected. Yawn.

If this was all planned in advance then Isai was even more lucky than we thought to drop this hot rock on amaya's lap for so many $'s. Genius. Almost starting to feel sorry for the amaya stockholders....almost.

Shock... Negreanu backing the company that pays him a 7 figure salary per year.

Ask anyone who isn't benefiting directly from stars and they would disagree that stars needed to make these changes. Ask people who can't even play poker anymore from the US and aren't able to re-locate. They will say the same thing.

Would love to hear from Ike/Kanu, two players who play the games in which the adjusted rake structure effects massively. (Just wait till they are dropped which won't be long)

Love the way negreanu describes the stars reward system as "generous"

Get real. Every other site out there offers a similar reward system for the average player if not better. The only people who might benefit more from the VIP system at the moment is SNE players.

this is correct. Josem, danny n, all lying right to our face like we're clueless.

as someone who plays on 888 where you get 2% for raking <250$ a month: lol, no

http://www.888poker.com/poker-promot...s-overview.htm

how much does a player pay in rake monthly to be "average?"
750$ might yield you 9%. yay.

I mean really, at 888 you get 2 Points per 1 $ raked at the lowest VIP level which is redeemable for 10$ at 1000 points. So 1 Point = 1 cent
Stars gives you 5.5 Points per 1$ raked at the lowest level which also gives you 10$ for 1000 points (1P = 1c as well) but you can get cheaper deals if you get higher VIP levels.

If you pay 750$ a month on 888 you get 9 points.
If you pay 750$ a month on stars (4,125k points but only 2,5k points is needed for gold so 455$ will do) you will be goldstar, get 11 points per 1$ and are able to cash 6250 FPP for 75$ which gives you 1P=1.2c
So right now we have 13.2% RB on stars while 9% RB on 888, all while 888 has the bigger rake. Only the site is fishier, that's the difference.

Then go play at these other sites then. No sympathy for the players sitting around in their underwear with their HUDs on playing 20 tables. For the most part a lot of the low stakes players aren't playing poker, they are just playing volume to get a small % of the rake they play. Time for a nut check gentlemen, and a lot of you are the nut low!!

Interesting. I think the most important part is that the rake increase has nothing to do with Amaya, at least Amaya did not stop the plan to increase the rake. Daniel likely has his hands tied being the celebrity figurehead of Stars, I wonder what he really thinks.

his statement really tilts me because the online poker market isnt really a "competitive market". Yes there are some competitors but there is no "real" competition in the market so using the "still cheaper than anywhere else" argument is really intellectualy dishonest. If a monopolist increases prices you wouldnt use this argument because the monopolist has no competition. Pokerstars essentialy doesnt have any real competition. Also if you compare the rakeback deals on ipoker for instance they are 10 times better than the ones on pokerstars and you will pay LESS rake after rakeback than on pokerstars.

Pretty sure all the D Neg fan boys will accept this and in two years when they raise the rake again, DN will defend it and you will except his response.

There's an old saying; "If his lips are moving."

Sure the vip system is generous, when they're buying you large pieces of $1000000 entry tournaments. What does Daniels yearly BIs total? Because we all technically own a minuscule % of him.

But on a serious note, I agree with what he has said, just not through his lips as it just sounds like he's LOL'ing at us all with one hand in our pockets.

Denial is not just a river in Egypt. They could sacrifice babies in the name of PokerStars and Daniel would find some way to rationalize it.

Pretty much the statement I expected him to make.

I'd like to hear Liv Boree's view on the matter next please.

Can't beat 25/50? Fine then, let's make it so nobody else can either!

If it were up to Daniel he would be the only person on earth winning at poker.

Why don't they save the money and axe him? He doesn't play online, there's barely any televised poker these days and he's moderately successful in live tournaments.

Unless another site steps up and improves their software and offers better rake, PokerStars has no reason to give one hoot what it's regs thinks. But, one day another site will step up to compete (like Samsung did to Apple)and we will then have a real choice. It will happen.

1 star thread

LMFAO

As Marx says, all capitalism tends towards monopolization like stars have done. But as the good old optimist Schumpeter theorizes - creative destruction breaks the monopoly and so the cycle begins again (Schumpeterian growth). Outdated macroeconomics still has relevance!!!!!