I don't know if it's bull. I hope it is, but they only just publised this one before I posted it.

If FTP2 opens without rakeback I'm going to do what is necessary to clear my balance/unlock bonuses then disappear back to PS.

Simples.

Not sure if it's the same, but I final tabled a tourney at my casino and got 1.1k and didn't have to fill out any information/got cash. If you did have to pay taxes on 800 bucks, it would be 80 AT MOST.

Why is rakeback so important to where you play? There should be 2 factors that decide where you play:

1) Hourly
2) Enjoy to grind

You pay the marginal rate. If you make 750k a year. And you win 10k. You best bet that 10k is taxed at, 35%

If you win 1k u pay 350

I'm not from the U.S but it's well known that for U.S residents, income is taxable from any source.

I'm sure there are loopholes to this, but the fact that you didn't have to claim the tournament win at the casino does not mean you don't have to pay taxes on it. Only that you are *supposed* to file the win on your own when it comes time to.

It had already been posted at least 3 times. Takes approx 0 seconds after publication especially when they have shill 2p2 accounts trying to draw attention to them (not you, I mean the really low post count guys who appear from nowhere). The best thing we can do is ignore them and not give their site traffic.

This will no doubt happen a lot.
But the lossback they generate this way will be less than the rakeback they would have gotten otherwise.
It's a cigar out of their own box

Another good thing about lossback -from GBT's pov- is it can not be more than the amount you lost.


Of course for the grinders this is a bad deal, but to me that is another advantage.
I would love it if they also got rid of HUDs, let's play real poker.


At least they started an interesting debate, unlike all the next week crap we had before.
Personally I strongly doubt it is BS, these guys have been in the business for over 20 years.
If this turns out to be BS it will hurt them more in the long run than it benefits them now.

weird, its not like the losing players wont deposit again..

But when you win like 100k, or something absurd, they have the tax information prepared when you get the money? Will I run bad if I don't report the tourney on my income tax?

Level Are you such a high stakes low volume player that you can't see how rakeback is directly relevant to those?

This

Do some research of the source first, then argue.

I think when you win over a certain amount (can't remember if it's 5k or 10k) at a casino, the taxes are deducted right then and there. And this is for large lump-sum tourney and jackpot wins, not something like a cash game.

Anything under that and you are responsible for filing it on your own. And you will only run bad if you get audited .

How would they get rid of Huds from Poker Edge, which has a central database of datamined hands to feed the Hud, and has software that has been undetectable to poker sites for years.

Are you leveling?

Hourly is the main thing that matters.

If I make $100 on stars + $30 rakeback/hour but I can make $150/hour on another site with no rakeback due to the site being much softer with better tables, then why would I be so concerned with rakeback?

Btw, why is Pokerstars so popular? They dont have rakeback either. Just a stupid reward system which is totally unappealing for recreational players (like me ).

Sorry guy´s. But these talkings leading to nowhere! It´s absolute useless to discuss lossback or rakeback or which one will be the winner in long run, as long as FTP2 is not online.

I simply dont listen to any "stonecold sources" and their nonsens speculations. Because one thing should be clear for everyone. FIRST THEY HAVE TO RE-OPEN!!!!

If they force us to release/unlock (read that as rake back) our own money, than I can't belive you wouldn't just do that anyway unless they offer an unbelievably better deal than the competition.

Not the same thing as "being in the business for over 20 years".
Edit: fwiw they list 6 people in their news team section so 20 years combined is hardly impressive.

Lossback is a terrible idea for multiple reasons. First of all the amount of lossback they can give will be tiny compared to the losses and so its unlikely to significantly change the depositing behaviour of losing players. Second, grinder who rake a lot are an essential part of a large sites business model in turning deposits into rake that is taken out of the poker economy. Giving the finger to professional players would make it hard to turn any amount of deposits into rake and cause off-peak game starting issues because there will be no multitablers helping fill the games.

While this might be true for many cash game players it is true of zero SNG players.

yes and you know how all women are What a total juvenile dumbass thing to write. Monkey is right keep posting please

im playing on 888 poker with 4-7% rakeback which is a joke. but im playing vs 60/45 guys all day long. every table has 2 or more of these big fishes.

I admit that I was really just thinking of cash game players, but how does it not apply to SNGs as well? Are some sites not softer at SNGs then others? Or are you saying that rakeback is way more of an important factor in SNGs (more important than the softness of the field)?

Seriously, 50% more profitable on a site because it's so fishy and it's going to remain that soft for more than a week?!?! Again, I already gave numbers, but playing 8 table 8h/ day at 100NL generates about 5k rakeback per month, and that doubles for 400NL, and would be even higher for PLO where you might enjoy the steady rakeback even more to even out the volitility.

Now this does become less off a factor the higher in stakes you move (and that was mentioned in my post), but given the BR most on here complained about losing it is safe to say that the majority are mid stakes players. But if you find a sight so much softer that you'll earn more than 5k-10K a month more at these stakes from the fishes, and keep it a secrete so it stays soft, then more power to you.