Quote:
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.
Slipping Jimmy, this is a relatively new poker site, right?!?! Back when America's Card Room and PokerHost (Where I currently play at for the most part) first started their, Million Dollar Sunday tournament, with a GUARANTEED PRIZE POOL OF $1,000,000, I remember seeing the actual total buy-in amount at around $700,000 or so on the first one of them (I think that's accurate), $850,000 on the next, then it went back down to like $750,00....I remember thinking to myself, this site isnt going to be around much longer probably if they keep taking these MASSIVE BATHS on this Million Dollar Sunday tourney...After that last dip it took, the very next one FINALLY hit a little over a million dollars...And it has NEVER, NOT ONCE, went below it again since....It takes time for the word to get around about these poker sites...This last MDS that they had last Sunday had over $1.3 MILLION in total buy-ins and I'm sitting there playing against WPT Champion, Chris Moorman in the tournament!! (his username on there is, WhoAreya1, or something like that) So just give them some time...It didn't happen overnight for ACR (They are the WPN Network, which stands for Winning Poker Network and they have many skins) and it's not going to happen overnight for GlobalPoker.com...So for right now, I'm going to give them the benefit of the doubt....Also, if you see someone named MERCENARY24 on there, both Global and ACR, you should watch out for that guy, he's a BEAST!!! ..(that's me!, lol)..haha!!