why are you guys so against globals business model? the play through is mostly for money laundering, not for players following the T&C and that was sort of parsed out in the other thread for the SNG guy.

do you guys feel the same way about RB programs and affiliate marketing? im really confused tbh.

We're not against global's business model. We want it to succeed. It won't succeed if they keep losing money. If you really love global poker then stop exploiting their loophole and play poker with your own money. That would help.

Am I doing anything thats wrong? Do you know how much rake I generate for Global? If that rake number was more money per week/month/year than the amount of money im credited in envelope requests would you still feel the same way?

Also do you think people should stop sending in letters to chumba casino as well? That arm of their business seems to be doing just fine with the same exact sweeps rules effectively.

The rake you generate doesn't increase their profit because your contribution to the rake isn't your money it's money you gouged from them.

Actually it could and probably does.. Are you familiar with the concept of a prop player, you know the kind that have been employed by sites and small and large live card rooms for decades?

↑Amature lawyer in addition to the 120 hours a week writing out index cards. I love how he thinks players got lawyers and "challenged" what a reasonable amount is. So so hilarious. On a not funny note, the quarterly loss sucks.

They get paid an hourly rate. They do not get unlimited funds to play poker with.

get lots of different deals, some being zero or less than zero rake, free entries into other events, there are varieties other than the old school $15hr local live prob. SNE on PS yrs ago was initially designed to be a prop player sort of program, they jsut let it carry on far longer than they needed to and should have is all.

Great so we agree that they do not get unlimited house money to play with which is what the envelope king gets.

Apples to oranges. Prop players are used from time to time to stimulate action. They are paid a salary and aren't allowed to keep any winnings. They only make money for the casino if they get the additional action enough to cover the salary.

It's very unlikely these envelope cashers are making them money. Just do some simple arithmetic.

Say someone sends in 1100 envelopes and gets SC5500. He then plays 50 SC110 tournaments to make is play through. He pays SC500 in rake. The remaining SC5000 goes into the prize pool and is distributed to the players as redeemable winnings. The envelope guy gets to redeem whatever he wins in those 50 tourneys.

But how does Global recover the SC5000, or SC100 per tourney? To generate SC5000 in rake his presence has to get 10 more people to sign up per tournament. That just doesn't happen.

it's not my job to be the donkey or newb whisperer if that's what you guys want to think it's limited to for props in the past good for you. 50 mtts is a micro sized sample, especially with the high variance GP structures. Some people play cash games too, you know the games that the live and online rooms pay their bills from. Little history lesson for ya, live mtts were originally designed to get people in the door to sit at the cash tables.

are you ready for this mind melting next level god tier thinking.....

Once the player plays through the sweeps coins that the site credited him.... he keeps money on the site and keeps playing the games maybe even at a higher volume.... now that same money that you raked one time just to play through it, global gets to rake over, and over, and over again. By the end of the week/month/year depending on volume of course, they end up raking BACK more than what they pay out.

Did I just blow your mind?

there are heaps of people that used to make ~$100k year from SNE benefits and rewards that broke even or, wait for it, even LOST big in the games but still profited big at the end of the year. If you think PS was doing the SNE program out of kindness of their hearts and for the good of the players and PS wasn't benefiting themselves for a while you are sorely mistaken my friend.

lol you left out the part about starting or keeping cash games going, or helping mtts meet the min reg requirements, or sngs fll faster hence the site making rake off other players also not just the ones playing with envelope $. I know you've mentioned it before but seems applicable here also.

who said amateur? All lawyers, you might be surprised to know, arent just insta millionaires with 6 lambos just cause they passed the bar. Some lawyers have multiple jobs, dont practice anymore, etc. etc. but you of course knew that right?

You realize theres over site and regulation for them correct? They change the rules, submit to FTC, maybe it takes FTC 2 months to approve or deny rules, they deny rules say you have to change it to XYZ and then they change the rules again. 5-1-6-5 whatever the order was they did it. Its all about compliance in the eyes of regulators. Just like its all down to compliance to the T&C and sweeps rules. If no one ever challenged it why did they change it so many times?

I think they found a pretty solid median ground here with the addition of the notecard tbh.



UPDATE:
I got a response through email about 2 hours ago that the rep told me they are just backed up, the usual response when credits are delayed.... i was very pleased to hear that from him other than they never received any entries. That was the only reason I had cause for concern because the response after 4-5 weeks has never been that they did not receive them its been that they were just delayed, which seems to be the issue now so fingers crossed no issues going forward and things speed up a bit.

LMAO you're blowing out BS. You're basically claiming you do more than the minimum 1x playthrough and enough for them to make a profit.

With 1/11 rake on tourneys, 11x playthrough would be needed for them to break even. For 5% rake on cash tables, 20x playthrough.

I don't believe you play it through that much. Other envelope kings have already admitted they just to the minimum playthrough and cash out. I see no reason to believe you're different. You said you do $7500 or more a month. You would have to do $82500 of tourney buy ins do 11x. That's 378 SC218 buy ins, or about 12 SC218 buy ins per day. They don't even have that many.

You're just making excuses to freeload. And then you complain about their offerings while they're losing money. WTF?

ALL OF THIS.

Plus the fact that D Lyons has publicly stated they have a higher customer retention cost built into their model. This is all calculated. Are they going to lose to some players, of course, are they making net positive off the grand majority of all players, YES. This is the cost of business and calculated. Not all businesses are profitable 100% of the time, could be a ton of different variables for the down turn. Do they have a profitable and sustainable model? Currently yes, global is not just poker, its all of VGW. Just like some stores like best buy will lose money on every sale of a laptop or personal computer but make that loss back on accessories, its all part of the overall business plan, some things lose money but are good for business.

Oh ok well if you dont believe me Idk what else to say. I told you how it makes sense for them business wise and I explained how it works.

I play everything on the site. MTT/SNG NLHE/PLO all stakes. I play regularly whether Ive received credits lately or not, idk what to tell you but you dont get to tell me im wrong just because you dont believe me. Thats just a personal problem, im not other people and ive stated quite a bit that im a high volume player.

BTW, for a regular grinder at almost any stakes worth playing.... 20x play through for the site to break even is pretty achievable with regular volume, youd be surprised.

You ok my guy?

Nonsense. You grind envelopes all day. You post on this forum all day. And you grind the games all at the same time?

You're so full of it. If poker sites could make a profit letting players play for free then all of them would be doing it. Why aren't Ignition, ACR and BOL giving out free money? The could be making a profit too. Who do you think you're kidding?

Well its because they arent operating ilegally in the US and global is thats why their business model is unique its the only one that has found a way legally into the US market.

Are you stalking me that youre so sure of my daily routine? I can easily 6 table, fill out envelopes, post on the internet, listen to pod casts and hold conversations with my roommate all at the same time. Step up your game my guy.

That doesn't explain why the other sites just couldn't give out money anyways since by your reasoning they would make a profit by doing so. Who do you think you're kidding?

Your mental gymnastics so you can feel good about what you are doing is remarkable. Can you agree that if everyone does what you do that Global would be out of business?

At his self admitted pace, he alone is accountable for what amounts to at least a 3% share of their 6-month loss. That's not sustainable for a company to subsidize one player, obviously. This is not remotely what the sweepstakes were designed for.

Psyducks... (bet none of you even get that reference) but theres no mental gymnastics, ive moved 100% of my volume to global since this has been a thing for me.

Im not doing anything wrong, you are outraged and thats your personal right, my suggestion is to stay on your pedestal and continue not participating in the promotions. Every one wins. You can be mad and think youre doing the right thing and ill continue to mind my business and enjoy my life and give all the love to global.

You guys dont even accept the facts when theyre laid out in front of you. Its so cute youre mad, kinda funny to be honest. Still dont understand why youre mad?

LMAO what guerilla math are you doing? You realize they overlay a lot of the series tourneys right? A lot of the GTD for dailies as well for about 3 total months. Youre out of your mind if you think I alone am 3% of their net loss. This is 100% conjecture and throwing **** against the wall. I havent done nearly that total amount and i told you ive generated more rake than ive been credited. JFC you guys are thick headed.