Partypoker lowers rake by 40-60% in PKO MTTs
04-14-2018
, 08:59 AM
Official news post (link)
Quote:
Since PKO tournaments (MTTs) were launched, there has been much debate in the online poker world as to whether it is fair on players for online poker sites to apply additional rake to the bounty element of buy-ins in PKO MTTs, instead of just applying rake to the portion of the buy-in that goes directly into the main prize pool. For example, should the rake for a $22 PKO MTT be $1 or $2?
After reviewing feedback from the poker community and lobbying from Patrick Leonard, we will remove rake on the bounty element on all our PKO MTTs with effect from Sunday 6th May, in time for our Powerfest PKO events. We will hold this policy for six months with the intention to make this a permanent reduction to our pricing structure. We have over 350 PKO MTTs per week with guarantees of over $4 million, so clearly, we will need players continued support to remain competitive revenue wise with other online poker sites.
After reviewing feedback from the poker community and lobbying from Patrick Leonard, we will remove rake on the bounty element on all our PKO MTTs with effect from Sunday 6th May, in time for our Powerfest PKO events. We will hold this policy for six months with the intention to make this a permanent reduction to our pricing structure. We have over 350 PKO MTTs per week with guarantees of over $4 million, so clearly, we will need players continued support to remain competitive revenue wise with other online poker sites.
04-14-2018
, 10:54 AM
edit
Quote:
[...]
You register a $20 tournament. There are 1000 players. The prizepool (after the $2 rake) is $20,000. $10,000 in the normal main prizepool and $10,000 in the other prizepool. You register on time and away you go. 3 hours later (some PSKOs on other sites offer up to 5 hours late reg) there is now 350 people left in the tournament. My Mum (shout out Mum <3) goes to register (she doesn't know the rake and its hidden from her on some sites) and now what does the prizepool stand at? $10,000 + $10,000? NO! 650 people have been knocked out, that means that the prizepools stand at $10,000 + $6000-$3500 (depending on the % of PSKO of course) so my Mother is paying the same rake for a tournament that she pays $22 and there is $13500 remaining whilst my noisy neighbour from across the street who gets there on time plays for $20,000? Wait, thats not fair, and I've just started...... There is a lot of other things to consider, my Mother registering late with 30bbs is going to be against average stacks of 50-60bbs, she will have a very poor chance of getting a knockout, her equity of that $10,000 bounty prizepool, oh no wait, $3500 prizepool is a lot lower than if she had an average stack.
[...]
Today I am very proud to say I represent partypoker.
[...]
You register a $20 tournament. There are 1000 players. The prizepool (after the $2 rake) is $20,000. $10,000 in the normal main prizepool and $10,000 in the other prizepool. You register on time and away you go. 3 hours later (some PSKOs on other sites offer up to 5 hours late reg) there is now 350 people left in the tournament. My Mum (shout out Mum <3) goes to register (she doesn't know the rake and its hidden from her on some sites) and now what does the prizepool stand at? $10,000 + $10,000? NO! 650 people have been knocked out, that means that the prizepools stand at $10,000 + $6000-$3500 (depending on the % of PSKO of course) so my Mother is paying the same rake for a tournament that she pays $22 and there is $13500 remaining whilst my noisy neighbour from across the street who gets there on time plays for $20,000? Wait, thats not fair, and I've just started...... There is a lot of other things to consider, my Mother registering late with 30bbs is going to be against average stacks of 50-60bbs, she will have a very poor chance of getting a knockout, her equity of that $10,000 bounty prizepool, oh no wait, $3500 prizepool is a lot lower than if she had an average stack.
[...]
Today I am very proud to say I represent partypoker.
[...]
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