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Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites?

08-31-2009 , 02:11 PM
Quote:
Originally Posted by sinner
lol.. every argument on here seems to try to turn into a pissing match which i can never win
Actually, this thread has been pretty civil. You came out guns a-blazing, but each of your posts since then has made more sense to me. I'd agree with much of what you posted WRT to bankroll in this post, just keep in mind it's not the same for everyone. But I'm sure there are some people that "over-withdraw" like you were talking about.

Quote:
Originally Posted by Nofx Fan
As for online I've got rakeback, Ironman, FTP's, and an occasional bonus. Although this isnt where i "make my money" it definitely adds up. I haven't added the numbers up but just a quick thought tells me it's at least 20k a year.
This is key. Before anyone complains about rake, I hope they've looked into and taken advantage of what's available to them. It's amazing what you can find out there once you know what you're doing. Anyone who thinks they're missing out should peruse the Internet Bonuses and Affiliates/Rakeback forums once in a while. There's really no excuse for 2+2 regs not to be getting the best bang for the buck.

BTW, NoFx, are you taking advantage of http://www.trulyfreepokertraining.com/? More added value available if you aren't already!

Quote:
Originally Posted by Nofx Fan
My main issue in these "rake debates" has been that in the past there has been an indifference to rake or questioning it. Just read some of the past threads and you'll see that even 2+2ers aren't always aware of rake and it's affect on the person and the game as a whole.
Yes, this thread has been better than most. It probably helps that the thread wasn't started by someone like SRG who just ended up becoming a magnet for flaming. He mostly brought it upon himself, but no matter how it happened, it made a rational discussion near-impossible.

Quote:
Originally Posted by Nofx Fan
Also, did anyone read the link I posted a couple pages back? That kind of kills the "they wont lower rake because fish don't care about rake" argument. The fact is the thread targeted an issue and it was resolved. BECAUSE 2+2 came together on an issue. Please don't ever think something is "un-touchable", or "if it could have been done it would have", or "market driven". Bullsht, WE ARE THE MARKET, ALL OF US.
I don't think it kills the argument. I would agree that it shows what can happen when people get together on an issue, but I have to think it also happened because there truly was an obvious problem. Not just "rake is too high", but there was a serious inequity. That doesn't mean most fish care about rake, I still don't think they do. But no, that also doesn't mean we should always be satisfied with the status quo.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
08-31-2009 , 04:11 PM
Quote:
Originally Posted by MicroBob
Don't be obtuse.

Online poker isn't the same as buying a car where some guy offers you $25k and you can see down the street you can get the same car for $23k.

There are thousands and thousands of players who don't give a crap if the site takes $3 max-rake at a $60 pot instead of a $70 pot. Yet they do have a software preference and a preference of VIP club or rakeback and are attracted to reloads and other promos.

You want to go about convincing the masses that they're wrong to have those preferences then good luck with that.

If the consumer choice is so important to you then go support the freaking sites where you can already get 100%+ rakeback RIGHT NOW. They are out there.
To clarify my comment since you seem to see what you want to read:
People should educate themselves and be aware of what sites charge what rake and also what affect it has on their winrate. In other words make an educated consumer choice - incorporating both price (rake) and value (service). It's very clear that a lot of people don't actually do this.

For example I was reviewing a students NL50 stats from AP, the rake was affecting his win rate to the tune of 16bb/100 over a 60,000 hand sample. Of course this was due to the BB jackpot ripoff there. So I advise him to check out Stars/Tilt where he can pay less rake or consider a Euro site where he can pay less again and also get twice the RB%.



As for the rest of your points I think you have me confused with someone else. Either that or you just wanted to ramble on about nothing, again.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
08-31-2009 , 06:24 PM
Quote:
Originally Posted by Bobo Fett
I've seen another factor, that hasn't really been mentioned, being demonstrated ITT. Even for people who know better, rake isn't the only deciding factor. And the fish content isn't either. I've seen at least 2 or 3 non-US players post in here that play on Stars or FT, even though they could get a lot more of their rake back, likely on softer sites, but don't. I don't think it's out of ignorance, or at least not completely so. It's probably because they like the player volume and/or the software and/or some other factors. Sites that have good reputations, large player bases, and good software can get away with charging a little more to play there.

i have always wondered why you canadian's are not playing on party? perhaps i am suffereing from the grass is always greener syndrome, perhaps the games there suck? i never hear any forum regulars that are non-US players talking about party. well, rarely.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
08-31-2009 , 07:35 PM
Quote:
Originally Posted by Bobo Fett
Holy ****! I had no idea...amazing. No wonder you guys have such ridiculously massive proportions of food. Maybe they should give everyone a little less food and pay their staff a little more than third world wages.

Apologies to Jnr, you had more of a point than I thought, although I still think $15-18 is crazy.
No probs Bobo, to be honest I didn't know the exact hourly rate but I was told it was around the $3/hr mark.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
08-31-2009 , 10:11 PM
I really don't see what there is to argue about:

OFFERING MONTHLY small RELOAD BONUSES would effectively lower the rake % cut from winnings for small stakes players. It would draw new money into the poker economy and offer near breakeven players more time to get hooked

Also, if you could lowered the clearance requirement(or did like a deposit $100 get $15 free instantly to play with) and gave the option of an added playthrough requirement, that would help the average ss player as well.

Maybe logistically this would be hard, but it would DEFINITELY increase both the player base, and the softness of the games.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
08-31-2009 , 10:32 PM
sounded - Actually I directly addressed your comment. I'm sorry you aren't able to figure out the obvious. You went out of your way to insult me so I'm not going to attempt to help you any further.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
08-31-2009 , 11:36 PM
Yes, the rake is ridiculous

I was planning on staying at stars even if it meant losing some value when I moved up to nl25. Then I decided to switch to plo8 and realized I was paying 8ptbb/100, which was just ridiculous. It basically forced me to move to full tilt for rakeback.

I honestly think the best way to do this is to *increase* the rake while increasing the bonuses for regs. I'm sure the sites could do this in a way that it generates more profit for the sites *and* the regs at the expense of people who just donate to the games and don't care anyway.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
08-31-2009 , 11:59 PM
Quote:
Originally Posted by Vivi57
Yes, the rake is ridiculous

I was planning on staying at stars even if it meant losing some value when I moved up to nl25. Then I decided to switch to plo8 and realized I was paying 8ptbb/100, which was just ridiculous. It basically forced me to move to full tilt for rakeback.
This is pretty awesome given that PokerStars charges different rake at 25NL.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-01-2009 , 02:29 AM
Quote:
Originally Posted by Nofx Fan
In summery, take care of yourself first. Get yourself all "hooked up". At the same time don't just let a screwing happen right in front of you. It's like the time I was playing live at hollywood park years ago and a reg walked up to me from another table and whispered in my year that he noticed we were playing 6 handed and that I should ask for a lower drop. I did, and it was lowered. See the thing is that was a common thing for the casino to do but YOU HAD TO ASK FOR IT. I've even had dealers hint that I should ask, as they are not allowed to lower it on their own.

Ok, my summery wasn't even a summery and my post is now tl;dr. I just have a lot to say on the issue, but I'll leave it again.

Good thread guys.
[ ] summery
[x] summary

/grammerpoponittery

Good rest of post, but the problem is still the fact that the fish don't know and/or don't care.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-01-2009 , 02:47 AM
Quote:
Originally Posted by mymamaissue
i have always wondered why you canadian's are not playing on party? perhaps i am suffereing from the grass is always greener syndrome, perhaps the games there suck? i never hear any forum regulars that are non-US players talking about party. well, rarely.
I can't speak for everyone else of course, but I haven't found Party to be really any softer than networks like iPoker and OnGame, where I can find much better deals.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-04-2009 , 05:18 PM
Quote:
Originally Posted by KingOfFelt
Heating and lighting costs < creating and maintaining software imo. I think the real difference is in the amount of hands played live vs online.
BS. Pots are much much much bigger live and everybody knows it.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-04-2009 , 05:25 PM
Oh, how sad for the shillies. The kiddies have finally woken up and realized how they have been abused.

According to Dutch Boyd:
" I remember eavesdropping during a conversation that Chris Ferguson and Todd Brunson had about the online poker industry a few years back. Todd said something like "won't it be nice when online poker is legal", and Ferguson replied that he would prefer it stay illegal for as long as possible. It made me kind of mad at the time and I eventually figured out why. The current state of things is that the operators see the writing on the wall and are operating their business like they are on borrowed time and that they only have a few years to squeeze as much juice out of the poker industry as they can."

http://dutchboyd.com/2009/01/changeg...ting-high.html
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-04-2009 , 05:29 PM
SRG in the HOUSE!!! (and quoting the Dutchinator no less!!!!)
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-04-2009 , 08:45 PM
Quote:
Originally Posted by STOPRAKEGREED
Oh, how sad for the shillies. The kiddies have finally woken up and realized how they have been abused.

According to Dutch Boyd:
" I remember eavesdropping during a conversation that Chris Ferguson and Todd Brunson had about the online poker industry a few years back. Todd said something like "won't it be nice when online poker is legal", and Ferguson replied that he would prefer it stay illegal for as long as possible. It made me kind of mad at the time and I eventually figured out why. The current state of things is that the operators see the writing on the wall and are operating their business like they are on borrowed time and that they only have a few years to squeeze as much juice out of the poker industry as they can."

http://dutchboyd.com/2009/01/changeg...ting-high.html
Are you really quoting the authority of Dutch ****ing Boyd to support your argument about the online poker business? Is this for real, a level, or do you just not know who Dutch Boyd is, and his involvement in the industry?
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-04-2009 , 11:12 PM
Quote:
Originally Posted by Josem
Are you really quoting the authority of Dutch ****ing Boyd to support your argument about the online poker business? Is this for real, a level, or do you just not know who Dutch Boyd is, and his involvement in the industry?
I don't follow "the industry" like you do sir. And I don't know much about Mr. Boyd. He's just reporting a conversation he overheard. Is hearsay evidence not allowed on 2+2?

Thanks Micro for that warm greeting! Even if we are on different sides Josem--you industry, me grinder--you could learn to have a sense of humor like Micro!
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-04-2009 , 11:15 PM
Quote:
Originally Posted by STOPRAKEGREED
Thanks Micro for that warm greeting! Even if we are on different sides Josem--you industry, me grinder--you could learn to have a sense of humor like Micro!
Define "side"?

Dutch Boyd is scum.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-05-2009 , 12:12 AM
stoprake - Dutch Boyd is pretty well known for being a bit wacky. He also had an online poker site called pokerspot that folded up shop in 2003 or something and he allegedly ran off with quite a bit of the money so that's why some people think he's scum. His opinions on online poker should absolutely be taken with a grain of salt.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-05-2009 , 04:53 PM
Do you really think that he would make up that conversation? This thread isn't about what D. Boyd did with pokerspot. I know nothing about that and will defer to others. But, as I said above, it is just a conversation that he overheard. He has no particular reason to make it up. Moreover, the logic of what Ferguson said is all to clear. After all, FTP is #2 with the status quo. Change would likely endanger that. Think about it.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-05-2009 , 06:37 PM
Quote:
Originally Posted by STOPRAKEGREED
Do you really think that he would make up that conversation? This thread isn't about what D. Boyd did with pokerspot. I know nothing about that and will defer to others. But, as I said above, it is just a conversation that he overheard. He has no particular reason to make it up. Moreover, the logic of what Ferguson said is all to clear. After all, FTP is #2 with the status quo. Change would likely endanger that. Think about it.
He might also have a vested interest in rakefree poker as he was also supposedly (around 2004/2005) going to start a rakefree site called "rakefree.com" - search google and you'll find more info about it.

Juk
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-05-2009 , 06:54 PM
He appears to be affiliated with PokerZero and/or the National League of Poker.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-05-2009 , 07:12 PM
Justification of the rake based on their expenses is ridiculous.

As a moderate to low volume player, I pay $4,000+ per month in rake.

Blizzard somehow manages to print money off of WoW charging less than $15 per month.

Obviously WoW will not have some of the costs incurred by a poker site, particularly deposit/withdrawal fees. But at the same time, WoW has many many costs that a poker site would not incur.

The only real figures we have in poker are from public figures. Anurag Dik**** was made a billionaire off his shares in Party Poker alone. Party Poker itself went from nothing to a $8 billion company in under 5 years.

Times have definitely changed, but it's almost a certain that Full Tilt/Stars/etc are all also pulling in billions at the expense of their oblivious players.

As players we are handicapped in that we have absolutely no voice at all. Boycotts simply don't work in poker. If you get a sizable number of regulars to agree to not play for a week, you can be certain that another even larger chunk of regulars will be putting in overtime that week. The only thing that's going to take care of their greed is competition. And because of that: I can't wait for regulation.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-05-2009 , 07:18 PM
Quote:
Originally Posted by Dire
Justification of the rake based on their expenses is ridiculous.

As a moderate to low volume player, I pay $4,000+ per month in rake.

Blizzard somehow manages to print money off of WoW charging less than $15 per month.

Obviously WoW will not have some of the costs incurred by a poker site, particularly deposit/withdrawal fees. But at the same time, WoW has many many costs that a poker site would not incur.

The only real figures we have in poker are from public figures. Anurag Dik**** was made a billionaire off his shares in Party Poker alone. Party Poker itself went from nothing to a $8 billion company in under 5 years.

Times have definitely changed, but it's almost a certain that Full Tilt/Stars/etc are all also pulling in billions at the expense of their oblivious players.

As players we are handicapped in that we have absolutely no voice at all. Boycotts simply don't work in poker. If you get a sizable number of regulars to agree to not play for a week, you can be certain that another even larger chunk of regulars will be putting in overtime that week. The only thing that's going to take care of their greed is competition. And because of that: I can't wait for regulation.
I understand your points, but isn't regulation likely to lead to even higher charges due to taxation, etc.?

Example: ATF in U.S. taxes the hell out of alcohol and cigs.

Last edited by VP$IP; 09-05-2009 at 07:24 PM.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-05-2009 , 07:33 PM
no
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-05-2009 , 07:45 PM
You're already supposed to be paying your taxes. As for the sites, their fee is looking to be a 10% charge on deposits which will probably turn out to be comparable to what they're already having to pay dealing with shady third party processors and the like.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote
09-05-2009 , 07:50 PM
Quote:
Originally Posted by Dire
You're already supposed to be paying your taxes. As for the sites, their fee is looking to be a 10% charge on deposits which will probably turn out to be comparable to what they're already having to pay dealing with shady third party processors and the like.
Maybe I am being too cynical. I always expect the cost of regulated activities to be higher than unregulated ones.
Is anyone else pi**ed off about the extortionate rake taken by ALL the poker sites? Quote

      
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