Quote:
Originally Posted by CheckCheckFold
That's not the point.
The point is they use a hidden formula and being completely opaque on what it does. Instead of being transparent and saying what PVI actually does, they try to deceive players. This is unethical and annoying.
As a user, I have no idea what my rakeback is even when GG says I have 50% rakeback because of blackwhale or what have you. No user have any idea what their rakeback is unless they spend time to guessitmate. Even then it's different for different game types and it can change any time.
What's the ****ing point of advertising x percentage but it actually ends up not x for any given user? And the user dont even know what it actually is?
That's like going shopping and the sign says 50% off. At checkout the receipt doesn't say what percent off at all. It just shows a seemingly random price. You ask the cashier, wtf? Cashier says they use a Customer Value Index. You say WTF! Next customer in line gets a different price.
THIS IS ****ED UP.
The fact that people are putting up with this **** shows the shitty state of poker industry right now.
If GG goal is to help losing players, there are many ways to do it without being deceitful and annoying. Simply give losing players deposit bonuses. Or simply tell people what exactly PVI is and each players PVI. Just don't be lying about 50% rakeback when it is clearly not.
Massively agree. The fact that GG are happy to be misleading is not OK, and should represent a worry to people about the direction of the poker industry.
First of all, it is really important to differentiate between 1) high rake, and 2) a misleading rakeback system, as these two things sometimes become confused. High rake is greedy, and not good for us. However, GG are allowed to make the rake whatever they want, as long as it is as advertised. It is NOT any way deceitful or a scam. However, what is not "as advertised," and is not OK, is the rakeback system.
"But all regs know about PVI?"
I don't think it is necessarily true that most regs understand all the relevant information about PVI, but even if they did, GG must have reasons to be misleading. Against all regs knowing about PVI, I would suggest:
1) A group of regs on a forum or you who talk to regularly does not accurately reflect all regs.
2) Many regs may see beyond the disguise after a while, but may be misled at first.
I have heard of two cases of the most likely suffering of initial naiveness to PVI- two players who knew they would be down before rakeback, but judged they could be in profit after rakeback given GG's major agents advertise "60% flat rakeback," without mentioning the crucial concept of PVI. These two players then after a while couldn't work out why rakeback was not as much as they had thought it would be. In at least one case, that gap between what they thought was 60% rakeback, and what was actually 24% rakeback with a PVI of 0.4, meant that they were a losing player, as opposed to a winner after rakeback that the advertised 60% would have made them. A confusing, stressful losing period because of the deliberate deception of GG
3) Some regs will know broadly about PVI, but still be fooled by something like the new Black Shark fish wheel system being advertised as "60% flat rakeback." That sounds very much, given there is no explanation, like they will now be receiving 60%, not the 12%/24%/30% that it actually is.
It is really important to remember that GG, until May 2019, DID rig the fish wheel, doing everything they could to present it as being random, short of explicitly stating that it was random. They then made it "fair," but simply achieved the same, by changing the speed with which players with different PVIs got to it. Meanwhile, they presented it as if it was some major change. This is the level of deliberate misdirection which we are dealing with. It adds up to deciet, and something not far from a scam.