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Phil Galfond to Start a Poker Site (Launched) Phil Galfond to Start a Poker Site (Launched)

06-01-2018 , 03:03 PM
Quote:
Originally Posted by Dbk_killer
Doug will not promote his only competitor no
I have that feeling as well unfortunately. I think RIO will not make the cut then, with a small ad budget.

But always talking about "saving poker"... I hope that polk somehow does the "right thing"
06-01-2018 , 03:04 PM
Quote:
Originally Posted by Maximus122
Out of interest what kind of rake percentages are people expecting/hoping for at lets say a 50 NL 6 max table on Run it Once.

Currently the rake at 50 NL on Jokerstars is 5% a hand with a 2 dollar cap.

I'm expecting that it will be 3% a han at Run It Once with a VIP system although obviously I'm hoping that the rake will be much lower.

Imagine owning a poker room where players play a card game passing money amongst each other and you get to take 3% of every pot. I'm salivating at the thought of it considering that you cant't even make a half a percent on your money in banks anymore.

Cryto exchanges charge .2% a trade and make a killing. Why can't poker sites charge the same rate and still make a bomb?

So again what rake percentages are people expecting/hoping for at Run it Once Poker?
I want to be able to win at least once in awhile so I am opposed to rakes of 3% or lower, I think 4-6% range should be optimal to provide the best environment.
06-01-2018 , 04:22 PM
Question: If Galfond makes alot of great changes that interest regs but doesn't severely decrease the rake, will anybody here actually deposit?
06-01-2018 , 06:46 PM
Missed a lot... When does RIO site plan to launch? And will it accept bitcoin/crypto deposits and withdrawals?
06-01-2018 , 06:58 PM
Quote:
Originally Posted by Yazzx
Missed a lot... When does RIO site plan to launch? And will it accept bitcoin/crypto deposits and withdrawals?
1) Unknown
2) Unknown
06-01-2018 , 07:12 PM
Quote:
Originally Posted by +VLFBERH+T
1) Unknown
2) Unknown
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06-03-2018 , 04:38 AM
Quote:
Originally Posted by Yazzx
Missed a lot... When does RIO site plan to launch? And will it accept bitcoin/crypto deposits and withdrawals?

According to their website the launch is scheduled for this summer. No info about bitcoin or crypto deposits and withdrawals. They will use € as in-game currency.
06-03-2018 , 04:47 AM
Quote:
Originally Posted by Exothermic
Question: If Galfond makes alot of great changes that interest regs but doesn't severely decrease the rake, will anybody here actually deposit?
The low/non-existant rake has been one of the biggest selling point as far as I've understood so far. Sure they won't make stars money but amazing piece of the pie can be still taken with ultralow rake.

In every genre of viewer entertainment... sports, esports etc... So much is defined by the pros. If the pros like it, the recs will come, I feel like.
06-03-2018 , 06:29 AM
RIO is going with non-existent rake? Sweet!
06-03-2018 , 07:23 AM
We are getting off the topic!!!
Let me reiterate, the sole reason Galfond said to start a site was not to kill the ambition of a new player to become Negreanu or the next Galfond.

1. A site for the players by the players must charge rake only as much as to sustain the site and not for profit.

2. To get the recs trust needs to be established by giving a provably fair games, I know a lot of big businessman who have computer knowledge and avoid the games.

3. Start offering big prize money tournaments, start offering every week 100k guaranteed tournaments and the recs will come, the greed for money gets them.

4. Tie up with 6-7 live rooms, host live tournaments and advertise, make the final table run on runitonce.eu.

5. If the runitonce.eu site cannot work on a non profit mode, cannot solve the mental poker problem, cannot allow the amateurs to try to become the next Galfond, it is useless attempt and it won't be accepted.

6. There are lot of ways to solve the mental poker problem and a total solution needs to be adopted unlike the Virtue.Poker's Justice system which has looplholes which can be exploited, like insider Justice's reading hole cards of every player.

7. It has been very long since the Galfond dream of a poker site was discussed and it has always been postponed, and it started occuring to a lot of players that it is nothing but a lie, which some players talked about as the Galfond lie. There is a lot of expectations from this site for the tom, dick, harry.
06-03-2018 , 08:11 AM
Quote:
Originally Posted by Yazzx
Missed a lot... When does RIO site plan to launch? And will it accept bitcoin/crypto deposits and withdrawals?
Phil said no crypto for now (regulator won't let them).
Phase one launch is expected to happen next month.
06-04-2018 , 03:22 PM
Quote:
Originally Posted by sparrrx
why is noone asking the important question that will decide over success or failure for RIO (hint: It's not ano tables)

Will doug polk advertise and promote the site?
Having him promoting the site is better than tenthousands of $$ on untargeted ads
He is by far the biggest influencer in the poker sphere. He reaches a ton of people. If he says the site is legit and the only hope for online poker because the rake is low enough, that will stick with the people much better compared to an ad RIO obviously paid for.
On top of that, he is the only one who can actually bring new people into poker due to his crypto channel. In the crypto audience you have more potential poker players than in most other niches.

On the other hand, with his own poker school polk has quite the conflict of interests here. RIO poker site will keep the RIO poker school very close for obvious reasons. So if polk pushes the poker site, he would also push their poker school?
I'm not sure that either of the things that I bolded are correct.

1. The average recreational player who goes to casinos on weekends won't know who Doug Polk is. A lot of serious players will. The problem with that is that serious players are analysts. They won't play on a site just because Doug Polk or Daniel Negreanu or any of the Phils recommends it. They would want details (rake, player pool size, tournament types, etc.) I would take a look at a site recommended by any of those players, but I'm not going to put down a big deposit without carefully checking it out

2. The crypto fans in the poker world are a much smaller group than a lot of people think. Those that like crypto think that it's the best thing since the invention of fire, but they are greatly outnumbered by those who don't know anything about it.

If went to my local poker room and started talking about BitCoin, way over 50% of the players would have no idea what I was talking about. I asked a few educated (bachelors degree or higher) members of my family what they think about Bitcoin, and none of them knew what it was.
06-04-2018 , 04:13 PM
Quote:
Originally Posted by 1pokershark777
We are getting off the topic!!!
Let me reiterate, the sole reason Galfond said to start a site was not to kill the ambition of a new player to become Negreanu or the next Galfond.

1. A site for the players by the players must charge rake only as much as to sustain the site and not for profit.
PG is starting a poker site, not a registered charity.

Why do you believe that he and his backers would spend a shed load of time and money if they don't expect to make a profit.
06-04-2018 , 04:39 PM
Quote:
Originally Posted by Poker Clif
If went to my local poker room and started talking about BitCoin, way over 50% of the players would have no idea what I was talking about. I asked a few educated (bachelors degree or higher) members of my family what they think about Bitcoin, and none of them knew what it was.
Not sure where you live, at my office in London everyone knows super-well about the BitCoin boom ... and we are not Financial Services/Trading, it's an energy company with a very diverse workforce.
06-04-2018 , 05:16 PM
will RIO allow RIT?
06-12-2018 , 03:46 PM
Did anyone else get a free month of RIO Elite for answering their surveys? Getting all geared up for the release I guess. Exciting.
06-12-2018 , 05:26 PM
Quote:
Originally Posted by Poker Clif
I'm not sure that either of the things that I bolded are correct.

1. The average recreational player who goes to casinos on weekends won't know who Doug Polk is. A lot of serious players will. The problem with that is that serious players are analysts. They won't play on a site just because Doug Polk or Daniel Negreanu or any of the Phils recommends it. They would want details (rake, player pool size, tournament types, etc.) I would take a look at a site recommended by any of those players, but I'm not going to put down a big deposit without carefully checking it out
Don't know but I guess within his audiance are quite a lot of fun players, who love poker, who'd like to be big but who are not exactly approaching everything with a stone cold pro attitude.

But you are right that RIO poker needs to deliver on its promises (low rake, no HUDS etc) to make it worth the advertisement. I mean if the rake really is much lower, it's a no-brainer to advise people playing there.

Quote:
2. The crypto fans in the poker world are a much smaller group than a lot of people think. Those that like crypto think that it's the best thing since the invention of fire, but they are greatly outnumbered by those who don't know anything about it.

If went to my local poker room and started talking about BitCoin, way over 50% of the players would have no idea what I was talking about. I asked a few educated (bachelors degree or higher) members of my family what they think about Bitcoin, and none of them knew what it was.
Well we donÄt really care to turn poker fans into crypto fans. I meant the other way around: Due to his crypto channel Doug can take some people who came for the crypto and show them, that poker is fun. So he has the rare opportunity for a poker pro, to advocate to people about poker who don't really play the game yet and bring in new players.
He could direct them to RIO.
06-16-2018 , 11:27 PM
Quote:
Originally Posted by sparrrx
Don't know but I guess within his audiance are quite a lot of fun players, who love poker, who'd like to be big but who are not exactly approaching everything with a stone cold pro attitude.

But you are right that RIO poker needs to deliver on its promises (low rake, no HUDS etc) to make it worth the advertisement. I mean if the rake really is much lower, it's a no-brainer to advise people playing there.



Well we donÄt really care to turn poker fans into crypto fans. I meant the other way around: Due to his crypto channel Doug can take some people who came for the crypto and show them, that poker is fun. So he has the rare opportunity for a poker pro, to advocate to people about poker who don't really play the game yet and bring in new players.
He could direct them to RIO.
What a nice thing for you to say, thank you.
06-17-2018 , 12:29 PM
what is the current state? when will we see the new site? pokerstars needs to go down
06-20-2018 , 11:35 AM
im excited about this if canadians can play.. rush omaha with big antes only.. i wonder if that would run
06-22-2018 , 04:00 PM
is nobody here included into the beta?
06-23-2018 , 12:57 PM
Is this out yet or what?
06-23-2018 , 01:01 PM
Wait, you guys still think this is coming out?
06-23-2018 , 04:46 PM
Quote:
Originally Posted by Sir Huntington
Wait, you guys still think this is coming out?
Yes.
06-23-2018 , 05:13 PM
This summer probably after the WSOP. Though I doubt they will "take down" Pokerstars, it will be more on the Unibet/Microgaming range.

      
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