Quote:
Originally Posted by 39suited
The vast majority of cash game traffic comes off the Beast tables and did pick up a lot since it has been introduced. Why would WPN remove that without any indication whatsoever on how the traffic without it would develop? Do you honestly think all of a sudden all the fish join and sit at your tables? Most of the fish don't even know what the Beast is ...
Getting rid of the Beast is unlikely, changing the rake contribution depending on the stakes is more plausible. But then again the people on the lower stakes would complain that they have no chance at winning any of the top prizes
I wasn't around when the Beast was introduced. I came about when BCP made the move to WPN. So I can't really comment about the traffic during that time.
However, I don't see any reason why the traffic would decrease due to the Beast being removed. I do realize that a good portion of WPN's poker profits must come from the mass-multitablers that put in large amounts of hands to breakeven in hopes of winning due to the Beast promotion. And that without that promotion those players aren't as likely to put in as many hands per month, thus raking less for the site.
However, I don't think that would drop profit margins all that significantly, if at all. Since if the Beast is removed, all other players in turn will be paying less rake, and thus players putting in small to medium amounts of volume will be incentivized to play more hands. Not to mention the mass-grinders will also pay less rake , and will likely still put in a lot of volume (albeit likely less than before) to profit via rakeback/bonuses and their now higher winrates at the table.
While also drawing in new players from surrounding sites at a time when those players are just begging for another site to take their business, given the situations at Lock/Merge/etc. While also garnering a reputation increase as a network that listens to their player base and makes changes in the best interest of the players and game.
What is the real drawback of removing the Beast? Especially if the increase in traffic, and the incentive for players to play more while paying less, is likely to garner the same profit margin. They could even garner more volume with better promotions, such as more frequent reload bonuses, and maybe even higher VIP/RB percentages of players willing to put in a large amount of volume.
The problem is, the money just doesn't need to come out of the pockets of the recreational or low-medium volume regs to pay the mass-grinders.