Quote:
Originally Posted by PokerStars Steve
Thank you all for taking the time to express your opinion about the recently announced changes to ring game rake on PokerStars.com for 2012.
As a direct result of player input, we are cancelling the planned rake changes that were to be implemented in early January 2012. We will still use the incremental method to calculate rake instead of true percentage rake. Rake caps and percentages will remain exactly as they are today.
I would like to add a few comments:
The current rake at PokerStars is the lowest by far among all major poker sites.
We are confident that the planned rake changes would have resulted in a further overall decrease in ring game rake site wide, and a decrease for a majority of players.
There has been much inaccurate information spread about the impact of the changes. As an example, the changes would not have resulted in a 50% increase in rake for 5-handed play. While there would have been an increase in average rake for 5-handed play at NL tables with stakes of $0.25/$0.50 and higher, it would be far less than 50% (for stakes up to $0.10/$0.25 there was either no change or reduction in caps for 5-handed play). Most hands do not reach the cap and thus would not be affected. The rake for many hands dealt to 5 players would actually be lower at many stakes due to the lower rake percentage (4.5% reduced from 5%). If players review rake at other online poker rooms, they will discover that it is the standard for the rake caps to be the same when 5 or more players are dealt into a hand. PokerStars has been the one notable exception to this system.
In summary we still believe that the proposed rake system taken as a whole would result in a more balanced and fair rake system for players. However, given that players have responded so negatively to this change, which also has a cost to PokerStars due to the reduced rake, we felt that the best course of action is to cancel the change.
The change to the Weighted Contributed method of awarding VPPs will remain as announced.
Wait a second. I was under the assumption that the switch to True rake and the rake changes were the mitigating factors you were going to implement to reduce the damage of losing VPPs.
Can you confirm that my calculations below are correct and that anyone that open raises to a standard 3bb+ at tables with 6+ players seated would have seen rake reductions using the 4.5% + True rake at 50NL+?
50NL
100NL
200NL
I thought the issues being raised were:- 5 seated rake increase
- Loss of VPPs going to WC
So now you're just going to remove the mitigating factor and give full ring players an even worse deal to solve a terrible 6max deal? Why don't you just address the actual 6max 5 seated problem instead of scrapping
all the rake changes? If the 5 seated rake increase wasn't there am I correct that we would be seeing a rake reduction of 8-10% due to using true rake calculations and the lower rake %?
If that is true, just get rid of the 5 seated rake increase as a starting point. Why does it have to be all or nothing?
Assuming I'm going to take a 20% VPP hit but were to receive an 8% rake reduction:- 2011 Dealt: 40/100 = 40% rb
- 2012 WC with true rake and the rake changes: (40*0.8)/(100*0.92) = 32/92 or effectively 35% compared to 2011.
- 2012 WC without true rake or the rake changes: (40*0.8)/100 = 32/92 or effectively 32% compared to 2011.
* Can someone please link me to a post explaining exactly how they figure true rake increases rake or how my calculations are wrong if that is the case and I missed that post somewhere?
If I'm not mistaken, this is now seriously ****ed up. How the hell did we end up losing even more than we were going to?
Steve, please reconsider. Either scrap all, and I mean
all changes,
including the switch to WC, or keep the mitigating factors while addressing the appropriate problems.
Last edited by JH1; 12-29-2011 at 10:42 AM.