Quote:
Originally Posted by droller
I think players need to give this new rake/reward system ~ 6 months before you can come to an actual conclusion on if this is good or bad. During those 6 months, it's gonna completely suck though.
The games have really dried up on iPoker the last year. It's all regs and bots on 60%+ RB bumhunting the odd fish/gambler that does stroll in.
iPoker skins got way too competitive with each other in attracting high MGR players. Since Playtech is a company run by completely CLUELESS mouth breathers, it blew up in their faces. They now require a massive rake overhaul to make their company profitable again.
They probably see some MSNL/HSNL guys making tons of cash monthly and want to distribute it elsewhere. "Why is this guy that made 20k in profits this month also getting more than I make in 2 months in rakeback? WTF!"
The question is how the iPoker network will spend their new found money. If it means more advertising and promotions to bring rec players in, I'm all for it. Knowing iPoker though, they won't spend the money on improving the games and just think those dumb dumb regs will carry on the grind. Only time will tell!
I can't see how this change isn't just a huge increase in the cost of playing for winning regs with zero upside.
From what I can gather they will be taking rakeback off you at a rate determined by exactly how much you've won and played, with the idea that the foregone rakeback gets redistributed in favour of losing players to boost liquidity in the system and make the games better.
The only problem is that the majority of losing players, and pretty much all fish, aren't on a rakeback deal anyway so won't be receiving anything back - the money will simply be going into a black hole and essentially, Ipoker's pockets.
I've just skimmed over the details of this new system and typically, its as clear as mud, so I may be being over cynical.
It would be great if someone with more information than me can illustrate any potential benefits of this new system and show me how its not just con to tax the profits of winning players.