Open Side Menu Go to the Top
Register
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477

12-17-2015 , 12:44 AM
Quote:
Originally Posted by Sect7G
Here's an excellent article from a year ago expressing Raidalot's views and how his predictions sadly came to fruition.

http://calvinayre.com/2014/11/04/pok...to-greedstars/

I would love for him to offer his opinion on where Amaya will be 1 year from today.
Wow, very good read. Seems like a very intelligent guy and he's really loving poker. Sickest thing is that he really did write that in 2014. Thanks for the link.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 12:53 AM
Btw for the young guys on here who don't like the stars changes-

DN once endorsed and absolute garbage site called poker mountain. Not only was their software awful, they also raked PREFLOP. Better hope he doesn't give stars any ideas.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 01:02 AM
Quote:
Originally Posted by Sect7G
Here's an excellent article from a year ago expressing Raidalot's views and how his predictions sadly came to fruition.

http://calvinayre.com/2014/11/04/pok...to-greedstars/

I would love for him to offer his opinion on where Amaya will be 1 year from today.
Great find - also, yeah for sure an update would be another great read

Have kind of been wondering about what might happen to poker/Pokerstars if Amaya can't meet their loan repayments ... will they have to declare bankruptcy? What will happen to poker/Pokerstars then ... is there anything we should be doing now to prepare for that possibility?

Am not playing so much any more - have already switched games this year ... but it'd still be interesting to hear peoples' thoughts on what might be in store ...
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 01:04 AM
Quote:
Originally Posted by borg23
they also raked PREFLOP. Better hope he doesn't give stars any ideas.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 01:28 AM
Quote:
Originally Posted by Sect7G
Here's an excellent article from a year ago expressing Raidalot's views and how his predictions sadly came to fruition.

http://calvinayre.com/2014/11/04/pok...to-greedstars/

I would love for him to offer his opinion on where Amaya will be 1 year from today.
Now that's what I call an amazing article.

That article begs the question: How do those changes help the recreational player? How did changing rebuys to re-entries help the ecosystem? How did changing regular MTTs with turbo MTTs with a similar rake help the ecosystem? Etc, etc, etc.

Now the question with the changing VIP structure is: How exactly does causing the mass multi-tablling players to go from playing a low profit GTO game to playing an exploitive game on fewer tables (and possibly lower stake tables) help the rec players? Previously, it seems to me, that PokerStars was essentially subsidizing players to play a less profitable game. But now PokerStars is pocketing that subsidy and releasing the hounds of the rec players. How exactly is that helping the ecosystem?
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 01:28 AM
Quote:
Originally Posted by Sect7G
Here's an excellent article from a year ago expressing Raidalot's views and how his predictions sadly came to fruition.

http://calvinayre.com/2014/11/04/pok...to-greedstars/

I would love for him to offer his opinion on where Amaya will be 1 year from today.
With this being written over a year ago, it becomes even more obvious how they intentionally didn't communicate the 2016 VIP changes adequately.

“Again, it all got a lot worse under Amaya. The new formula for communication is: dump an announcement in the Internet Poker forum on 2+2; give no notice of the change; don’t bother to respond to hundreds of posts of feedback/concerns; give BS reasons for the changes like “its better for the players”, “improving the poker economy” etc. without ever admitting its just to boost their already absurdly high profits; make the point that they’re listening to the players – even though they’re clearly not; and worst of all, don’t send out any email or anything to the 95% of their customers who don’t read 2+2. The last is very serious imo – not telling most of the customers about significant changes is pretty underhand and shows that the players are not as important to PokerStars as it claims.”

The last point that Shakerchi makes is important because it gives you an insight into the mind of the PokerStars machine. If it is still truly an organization that puts their customers first, why then am I still waiting to be told about the currency conversion and rake changes? The absence of a simple e-mail makes me think that they don’t want me to know. I don’t trust a company that thinks that way.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 01:58 AM
Quote:
Originally Posted by MeleaB
I read it twice but still couldn't find the part that was amazing.
I was being sarcastic. The article suks balls and makes me want to puke
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 01:59 AM
Quote:
Originally Posted by Sect7G
Here's an excellent article from a year ago expressing Raidalot's views and how his predictions sadly came to fruition.

http://calvinayre.com/2014/11/04/pok...to-greedstars/

I would love for him to offer his opinion on where Amaya will be 1 year from today.
Now thats an amazing article....
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 02:05 AM
Quote:
Originally Posted by SantaCruz
Now that's what I call an amazing article.

That article begs the question: How do those changes help the recreational player? How did changing rebuys to re-entries help the ecosystem? How did changing regular MTTs with turbo MTTs with a similar rake help the ecosystem? Etc, etc, etc.

Now the question with the changing VIP structure is: How exactly does causing the mass multi-tablling players to go from playing a low profit GTO game to playing an exploitive game on fewer tables (and possibly lower stake tables) help the rec players? Previously, it seems to me, that PokerStars was essentially subsidizing players to play a less profitable game. But now PokerStars is pocketing that subsidy and releasing the hounds of the rec players. How exactly is that helping the ecosystem?
Going from regular tournies to turbos helps recs because there is less skill involved. if you can't figure out why lowering table caps is good for fish i don't now what to tell you.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 02:13 AM
Quote:
Originally Posted by borg23
Going from regular tournies to turbos helps recs because there is less skill involved. if you can't figure out why lowering table caps is good for fish i don't now what to tell you.
Lower table count > Higher win rate > More hands per hour > Fish lose quicker.

Your right about turbos though.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 02:15 AM
Quote:
Originally Posted by old coot 43
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 02:17 AM
Quote:
Originally Posted by borg23
Going from regular tournies to turbos helps recs because there is less skill involved. if you can't figure out why lowering table caps is good for fish i don't now what to tell you.
I'm not at all surprised that you don't know what to tell me considering that you have such a shallow understanding of regular structures vs. turbos.

Even though a turbo structure has more gamble to it which might cause the ROI of a winning player and a rec player to be a bit more narrow, it isn't the ROI that ultimately measures profits. It is the hourly win rate. That's why so many people, I guess that includes you, don't understand why the Spin and Gos burn through rec players bankrolls so quickly.

High rake and a fast structure is bad for both rec player and reg due to the narrower ROI gap. But it's the rec player that is going to get hurt the most and the pokersite that is going to end up getting the most.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 02:23 AM
Quote:
Originally Posted by Sect7G
Here's an excellent article from a year ago expressing Raidalot's views and how his predictions sadly came to fruition.

http://calvinayre.com/2014/11/04/pok...to-greedstars/

I would love for him to offer his opinion on where Amaya will be 1 year from today.
Great article. I wonder if 'PokerStars Matthew' will add it to his running list of reasons why SNEs should have known that they were going to have $15M+ in bonus money taken from them, LOL.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 02:30 AM
Quote:
Originally Posted by borg23
Btw for the young guys on here who don't like the stars changes-

DN once endorsed and absolute garbage site called poker mountain. Not only was their software awful, they also raked PREFLOP. Better hope he doesn't give stars any ideas.
Here is one for you then borg. Pokerstars have raked preflop in the past (on .fr cash games). It got removed because of player outrage

http://forumserver.twoplustwo.com/29...itable-818853/
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 02:46 AM
As has been said many times the advertising of the benefits you get continuing as an SNE and then the reneging on that is unjustifiable. False advertising as far as I am concerned. Everything else is fair game but meh, this is not a company to trust with your money.

Called it right back when Amaya purchased this once great site

Quote:
Amaya are a bad company imo and this is a terrible move for all ROW players.

As has been pointed out Isai Scheniberg basically made stars what it is soley because he treats players as the number 1 priority. Amaya basically treat players as targets with money.
http://forumserver.twoplustwo.com/sh...4&postcount=90
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 02:48 AM
Quote:
Originally Posted by SootedPowa
Here is one for you then borg. Pokerstars have raked preflop in the past (on .fr cash games). It got removed because of player outrage

http://forumserver.twoplustwo.com/29...itable-818853/
Quote:
Originally Posted by sinner
they've always been greedy. stars is run by a family in europe. ftp is run by poker players. ftp doesnt **** people over as much as stars
Little did he know what was to come...

It's amazing how much people used to let slide because Pokerstars seemed like they cared in the past.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 02:56 AM
Quote:
Originally Posted by bhoylegend
It's amazing how much people used to let slide because Pokerstars seemed like they cared in the past.
PokerStars did care in the past when the scheinbergs owned them. Isai is a legend and we all owe him a huge debt of gratitude. I would go as far as saying it was the most customer friendly and focused company I have ever dealt with.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 03:08 AM
Quote:
Originally Posted by SantaCruz
Now that's what I call an amazing article.

That article begs the question: How do those changes help the recreational player? How did changing rebuys to re-entries help the ecosystem? How did changing regular MTTs with turbo MTTs with a similar rake help the ecosystem? Etc, etc, etc.

Now the question with the changing VIP structure is: How exactly does causing the mass multi-tablling players to go from playing a low profit GTO game to playing an exploitive game on fewer tables (and possibly lower stake tables) help the rec players? Previously, it seems to me, that PokerStars was essentially subsidizing players to play a less profitable game. But now PokerStars is pocketing that subsidy and releasing the hounds of the rec players. How exactly is that helping the ecosystem?
It's also cool that he really IS a recreational player and not a Pro. (the author of the article)
I mean Stars did provide this VIP System in the past for the players (don't act like the didn't know why they did it in the first place, to get ppl to grind 24 tables) - then we the players use this system and then we get blamed for that we destroy the games. It's just twisted logic everywhere.
I just seriously doubt Stars is doing anything for the rec players, or the ecosystem, but it's a nice PR stunt most recs will fall for. As you did say, recs burn through their bankroll even faster in Spins. Stars doesn't care about recs or regulars.

Last edited by 1337h4x0r; 12-17-2015 at 03:26 AM.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 03:21 AM
http://forumserver.twoplustwo.com/28...anets-1485512/

It's interesting looking back at this thread from last year. Everyone was furious about the changes then but ultimately just let Amaya **** them up the arse. Amaya will just keep raping players, sticking it in a little further each time, if they're allowed to.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 03:25 AM
Quote:
Originally Posted by SantaCruz
That article begs the question: How do those changes help the recreational player? How did changing rebuys to re-entries help the ecosystem? How did changing regular MTTs with turbo MTTs with a similar rake help the ecosystem? Etc, etc, etc.
I'm not sure how many tourneys were changed from rebuys to re-entries. Rebuys certainly have great value with the lower rake. It seemed to me that many rebuys were just removed and re-entries were added to some tourneys to keep their guarantees high. The guarantees have been dropping in alot of tourneys for years, especially the reg speed tourneys. Some sites have added longer late registration periods or re-entries to try and keep the guarantees up to a reasonable level. Others have removed tourneys and focused on keeping the guarantees up in their "special" tourneys. On Stars these are the "red" tourneys.

As far as changing regular MTTs to turbo MTTS, well, turbos are just more popular among the overall player base. The rake is higher in them because of their popularity. Stars can get away with keeping the rake high as people are going to sign up and play them anyway. You cannot blame Stars for trying to maximize their profits in them. If the demand was higher for reg speed tourneys or the rake level caused a drop in the amount of players signing up for turbos I'm sure we would see added reg speed tourneys or a decrease in rake in turbos.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 03:54 AM
This is just an opinion. But I think the problem is stars wants the heavy volume (majority being winners) off the site. So that's whose cage they're trying to rattle the most. Indeed I agree they are raping players, with an iron stick, until the players (winners) say 'I give up I quit'. I would assume stars is expecting a certain % of these players to quit, a certain amount to move down in stakes, a certain amount to decrease volume, certain amount to change poker formats etc. One by one each decision will greatly alter the landscape of poker as we have known. Either lower stake games will get tougher, overall site traffic will decrease, or some other possibility I couldn't predict (hell who coulda predicted they're literally trying to change the game of poker into some hybrid lottery game). Now I think where you really hit stars is when the net depositers start being outraged by these shady moves and also start withdrawing and leaving the site. The question is how to do that.

With that said I am also under the impression that stars is not scared of any competitors. Be it that they think they'll buy out anyone who starts to be a threat or they are just being macho headed is unknown. But obviously this would be the time for a competitor to capture a lot of market

It's really tough. Because as someone pointed it earlier how can you just say 'f you stars I'm gonna continue to play at your site just to spite you'. At the same time leaving the site is kind of what they want. That is if you're more than a marginal winner.

Also what would scare me as a stars player is the other directions stars is taking. In the sense of casino games, sports betting, fantasy football. I'm afraid they're a few days too late to that party. In theory those are growing markets but I'm sure a lot of people who are into that type of stuff have already found a site to throw themselves at. There are already extremely successful sports books, daily fantasy sites and online casinos. So if those fail the outlook for stars suddenly gets even dimmer as more cuts are made to pokerstars in order to salvage their other poor investments. Also DFS is essentially unbeatable and chalk full of potential to cheat so I personally don't see it getting to the peak it was at 6 months ago. People are learning these things and backing off. Which I hope is what happens to stars as winning and losing players alike start to realize 'hey this company is extremely evil and who know what length they'll go to to take my money, I'm moving sites or quitting'
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 03:57 AM
Quote:
Originally Posted by cneuy3
As far as changing regular MTTs to turbo MTTS, well, turbos are just more popular among the overall player base. The rake is higher in them because of their popularity. Stars can get away with keeping the rake high as people are going to sign up and play them anyway. You cannot blame Stars for trying to maximize their profits in them. If the demand was higher for reg speed tourneys or the rake level caused a drop in the amount of players signing up for turbos I'm sure we would see added reg speed tourneys or a decrease in rake in turbos.
My point, though, was, how does keeping the rake high in the turbos help the ecosystem? PokerStars claims that changes are desperately needed to improve the rec player experience. But it seems that only occasionally is Stars concerned about the rec players.

As that article stated, PokerStars tends to "...squeeze even more out of the beleaguered players.” That seems to be much more of a common thread that runs through their changes than concern for a healthy ecosystem.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 04:17 AM
Here's the original post from raidalot:
http://forumserver.twoplustwo.com/sh...&postcount=529

Sorry, I don't know how to keep the original quotes in, the are a few bits where he is replying to other people:

31 October 2014

Quote:
Originally Posted by raidalot
Some questions for you Steve:

(1) Will you be sending proper notice of this to all players or will PS be taking the sneaky 2+2 only approach like you did on introduction of FX charges (so most players never hear about it)?

(2) What is the underling philosophy now? Does management consider that its not enough for the company to make $420m profit (EBITDA) on its $1100m revenues and so you have to squeeze even more out of the players?

(3) Has anything that's happened recently caused you to pause and consider your position at Stars?

...

C'mon you guys. One of you needs to step up to this challenge/opportunity. Players are pissed and want somewhere to move to. Offer some bonuses, increase the guarantees, invest more in the s/ware again, add a few servers. One of you has the chance to take over leadership if you're willing to take a view and invest now.

...

PS used to talk to us like with some integrity and respect. Now its all corporate BS spin.

...

JK I know, but they have increased MTT fees overall pretty badly, but mostly in more back-door ways: increased proportion of turbos (with rake same as regular tourneys), weighted guarantees towards the turbos etc, introduced faster formats like spin & go (which is dice-rolling, not poker), switched from rebuys (zero rake on rebuys) to re-entries (full rake), doubled rake on hypers, ... [watch this space]

What can be done?
Well there's no magic answer - they're doing these things because they can - its basically monopoly abuse. But there are a few things to think about which all help a bit:

(1) Play less on PS and more elsewhere - that will help other sites step up to create a more competitive business (= good for players).

(2) When people ask you where to play, recommend a different site.

(3) If you're a player in the media then say what you think about this when you're interviewed.

(4) For those who are really pissed and have the time/energy, contact the anti-trust authority in your country. (The body whose job it is to protect consumers from monopoly abuse). Tell them one company has become dominant in the industry and, having reduced the completion to an ineffective level + bought and run down the number 2 player, and despite making exceptional margins (38% EBITDA margins) on the business already, is squeezing its customers (you) even harder. They have the power to make PS adopt fair practices and/or split itself (eg sell Tilt to a real competitor). Even if they don't take short term action Ican guarantee that if they start sniffing around PS/Amaya will be very careful about doing anything else.

Your authority is listed here: http://en.wikipedia.org/wiki/Competition_regulator

(5) If you're a member of the PPA, tell them you want them to adopt a policy of lobbying for US deregulation without allowing Stars back in for period (eg 10 years) as that is now in the interests of the players. (Sadly I already know what PPAs answer will be but it won't hurt to make the point).

(6) Support actions like mass sit-outs. Don't just expect everyone else to do it or take a short-term view.

(7) When PS next send you one of those surveys, say what you think.

(8) If the other sites make some serious efforts to build their biz then support them.

Other than that. Guys, please stop buying into this soap opera they are putting on of Baazov thinks/Daniel thinks/Lee Jones says/Matthew says/Daniel would/Josem thinks/Scheinberg would've/Baard says/Baazov wanted/etc. because it just enables them to play good cop/bad cop games with you and distract from the issues.

They're a corporate body, you're a customer of the whole thing, and their reputation should be judged as a whole by their actions.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 04:49 AM
Quote:
Originally Posted by SantaCruz
My point, though, was, how does keeping the rake high in the turbos help the ecosystem? PokerStars claims that changes are desperately needed to improve the rec player experience. But it seems that only occasionally is Stars concerned about the rec players.

As that article stated, PokerStars tends to "...squeeze even more out of the beleaguered players.” That seems to be much more of a common thread that runs through their changes than concern for a healthy ecosystem.

It's high rake which is killing the games. Pokerstars need to find another way of charging for the games. If they pursue a path of making the game more like casino games then they will kill poker as we know it.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote
12-17-2015 , 05:34 AM
Nellyv, that's exactly what they are trying to do, kill poker as we know it.
Daniel Negreanu Delivers a Response To Stars VIP Changes - See post 477 Quote

      
m