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

09-01-2016 , 12:34 PM
Rest in ****, Amaya and the PPA.
09-01-2016 , 12:38 PM
Quote:
Originally Posted by paletokio
Phil good look with your venture, agree about no Huds, also no mass multitabling max 4 tables, I hope your site rapes Pokerstars in the assh0le eventualy
Phil wants to operate a room where people can dream of playing professionally.

Professionals need the use of HUDs and must be allowed to multi table.

There's no money in online poker otherwise.

For example, if you only play 4 tables of $.50/1 your getting 250 hands an hour. If you have have a winrate of 2 bb/100 you'd only be making $5 an hour, excluding rakeback.

HUDS are a part of poker and if a site offers multi tabling it should stay that way. It's not even difficult to learn how to use one.
09-01-2016 , 12:45 PM
Quote:
Originally Posted by Maximus122
Phil wants to operate a room where people can dream of playing professionally.

Professionals need the use of HUDs and must be allowed to multi table.

There's no money in online poker otherwise.

For example, if you only play 4 tables of $.50/1 your getting 250 hands an hour. If you have have a winrate of 2 bb/100 you'd only be making $5 an hour, excluding rakeback.

HUDS are a part of poker and if a site offers multi tabling it should stay that way. It's not even difficult to learn how to use one.
That's. Not. The. ****ing. Point.
09-01-2016 , 12:48 PM
Quote:
Originally Posted by Maximus122
Phil wants to operate a room where people can dream of playing professionally.

Professionals need the use of HUDs and must be allowed to multi table.

There's no money in online poker otherwise.

For example, if you only play 4 tables of $.50/1 your getting 250 hands an hour. If you have have a winrate of 2 bb/100 you'd only be making $5 an hour, excluding rakeback.

HUDS are a part of poker and if a site offers multi tabling it should stay that way. It's not even difficult to learn how to use one.
People make a living at live poker 1 tabling at 1/4 the speed of an online table. It is bad for poker that there are people making a living at stakes lower than 200nl. The dream Phil has lived and is talking about isn't the dream to 16 table 50 nl, it's to get better and play higher stakes.
09-01-2016 , 12:51 PM
Huds matter because fish's lossrates are increased by players them. Anyone who claims otherwise is being disingenuous or is really bad at poker.
09-01-2016 , 12:54 PM
Why is everybody always assuming that building a solid good pokersite (software client that is) is such a huge task and is very very hard if not impossible to do? I hear it all the time. The fact that stars is so much better than the competition is mostly because of failure of competitors I believe. Like how hard can it be ? a simple computer game or almost any other business/creative software would be much harder to build IMO.

Someone please inform me, is it really that hard to build a good poker client?
09-01-2016 , 12:55 PM
Quote:
Originally Posted by Maximus122
For example, if you only play 4 tables of $.50/1 your getting 250 hands an hour. If you have have a winrate of 2 bb/100 you'd only be making $5 an hour, excluding rakeback.
You have to seriously suck at poker if you cant win more than 2bb/100 w/ 4tables NL100. And its more like 350 hands / hour.
09-01-2016 , 12:56 PM
Quote:
Originally Posted by Maximus122
Phil wants to operate a room where people can dream of playing professionally.

Professionals need the use of HUDs and must be allowed to multi table.

There's no money in online poker otherwise.

For example, if you only play 4 tables of $.50/1 your getting 250 hands an hour. If you have have a winrate of 2 bb/100 you'd only be making $5 an hour, excluding rakeback.

HUDS are a part of poker and if a site offers multi tabling it should stay that way. It's not even difficult to learn how to use one.


HAHAHAHAHAHAHA!

Posts like this are the reason there is still a lot of money in online poker. HUD, or not.
09-01-2016 , 01:05 PM
Quote:
Originally Posted by Maximus122

Professionals need the use of HUDs and must be allowed to multi table.
No they dont.. unless they play a lot of tables vs other nit money zombie multitable players,

Pros can 4table and have a nice winrate, Plus you can still analize your game afterwards in HM/PT.

(btw, I dont agree with MASS multitable, 4 maybe 5 tables is fine)
09-01-2016 , 01:11 PM
Quote:
Originally Posted by CheckN0rris
Why is everybody always assuming that building a solid good pokersite (software client that is) is such a huge task and is very very hard if not impossible to do? I hear it all the time. The fact that stars is so much better than the competition is mostly because of failure of competitors I believe. Like how hard can it be ? a simple computer game or almost any other business/creative software would be much harder to build IMO.

Someone please inform me, is it really that hard to build a good poker client?
Yes it is, min $6m to build new platform from scratch. The client side is the easy part (even considering that today need separate desktop, android and iOS clients). Most work is on back end (server, game logic, back office system, player account management, reporting tool, marketing tools, security (anti fraud /bots)). Then when all developed the even harder task of regulation and marketing to attract players begins.

Stars has better product because they've invested more in it, which they were able to do from increased revenues from remaining in the US (they went from 10% to 70% market share post UIGEA.

Last edited by AshleyC; 09-01-2016 at 01:14 PM. Reason: Extra
09-01-2016 , 01:17 PM
If possible I would prefer if the poker site offers both regular and anonymous tables so the consumer has a choice whether or not to play at "HUD-tables".

Anyway, great news!
Can't wait to hear more details about the site.
09-01-2016 , 01:31 PM
Quote:
Originally Posted by 20mg
If you're not taking US customers it's not against US law, so yes.

Those countries could issue a warrant for your arrest and it's technically possible you'd be extradited but I'd set the odds of all of that happening at near 0.
Im confused.

So one could operate a real money poker site structured as US based entity, take no bets from US, only bets from unregulated markets (where it is not explicitly legal or illegal) and remain in good standings with all US authorities?

What if one took bets from regulated non-US market but was not licensed there? I guess that would be what you said above, said foreign country could extradite U.S. citizen for that depending on extradition laws between US and them?
09-01-2016 , 01:42 PM
Hopefully this works out everyone's looking for options to play off amaya stars
09-01-2016 , 02:03 PM
Quote:
Originally Posted by PTLou
Im confused.

So one could operate a real money poker site structured as US based entity, take no bets from US, only bets from unregulated markets (where it is not explicitly legal or illegal) and remain in good standings with all US authorities?

What if one took bets from regulated non-US market but was not licensed there? I guess that would be what you said above, said foreign country could extradite U.S. citizen for that depending on extradition laws between US and them?

he could always give up his citizenship
09-01-2016 , 02:03 PM
What high-profile soccer/futbol player will be spearheading the marketing division?
09-01-2016 , 02:05 PM
Quote:
Originally Posted by INyaDOME
Obviously, good luck.

However, I just don't see any site that lacks billionaire backing as being remotely successful. Now, maybe Phil has some friends of that financial status backing this, but if he doesn't....

It's as if Pros don't understand the importance of tournament poker and how it attracts the masses. You need big guarantees with small buy ins to attract a lot of people. Then, and only then will you have a healthy cash game ecosystem.

Some billionaire will have to come along and invest $52 million in hosting a Sunday Million every single Sunday with overlays until numbers reach sustainability. That's the only way you will ever see a site compete with Pokerstars. There is no "growing a site" to the point where you can host a Sunday Million in an ecosystem like this. It's going to take an investor with massive backing to ever make a site that will compete with Pokerstars. Not only will it require backing, but the backer must do it with the understanding that large financial losses will be required before any kind of a profit can be made from the investment.

One guy who does get the point is Doug Polk. He recently talked about the importance of tournaments to the cash game ecosystem in one of his recent videos. It was a refreshing to finally see a high stakes pro who gets it....
this. overlays are how u build a site. loss leaders. the reason amaya is dying but crushes records every COOP is because they have a 0 overlay policy. The players are there but nobody wants to reg to win max 10k each day. They are all playing live.
09-01-2016 , 02:11 PM
Quote:
Originally Posted by Maximus122
Phil wants to operate a room where people can dream of playing professionally.

Professionals need the use of HUDs and must be allowed to multi table.

There's no money in online poker otherwise.

For example, if you only play 4 tables of $.50/1 your getting 250 hands an hour. If you have have a winrate of 2 bb/100 you'd only be making $5 an hour, excluding rakeback.

HUDS are a part of poker and if a site offers multi tabling it should stay that way. It's not even difficult to learn how to use one.
I mostly agree.

Quote:
Originally Posted by INyaDOME
HAHAHAHAHAHAHA!

Posts like this are the reason there is still a lot of money in online poker. HUD, or not.
Then you should be welcoming such opinions, right?
09-01-2016 , 02:14 PM
Quote:
Originally Posted by CheckN0rris
Why is everybody always assuming that building a solid good pokersite (software client that is) is such a huge task and is very very hard if not impossible to do? I hear it all the time. The fact that stars is so much better than the competition is mostly because of failure of competitors I believe. Like how hard can it be ? a simple computer game or almost any other business/creative software would be much harder to build IMO.

Someone please inform me, is it really that hard to build a good poker client?
If you buy the software (rather than coding it yourself), it's not that difficult getting something up and running.

The hard part is attracting enough players/liquidity to compete with the huge names, in a market that's declining ~10% year on year.
09-01-2016 , 02:48 PM
Quote:
Originally Posted by CheckN0rris
Why is everybody always assuming that building a solid good pokersite (software client that is) is such a huge task and is very very hard if not impossible to do? I hear it all the time. The fact that stars is so much better than the competition is mostly because of failure of competitors I believe. Like how hard can it be ? a simple computer game or almost any other business/creative software would be much harder to build IMO.

Someone please inform me, is it really that hard to build a good poker client?
Its not the what the customer sees that is particularly hard, it is back end, traffic management, game integrity, etc etc etc, that is the hard stuff.

You compare say to a PC game. How many even AAA games (with $100 million budgets) get constantly hacked so that players can cheat. The Division is riddled with cheaters. If that happens in poker your site is dead in the water.

Same with server loading. For a PC game, waiting an extra 10s to get into a match with somebody or the server crashes and you lose your game, all that is annoying. If that happens in a poker tournament, again your rep is down the tubes pretty quickly.

None of this is impossible, but it is time consuming and time = money, and the competition I presume don't feel all the extra investment to make a 2016 looking client is worth the likely returns.

GL to Phil. If he is building from scratch, he is taking on a huge task, but I am sure he will give it 110%.
09-01-2016 , 02:51 PM
In-client basic HUD that recs can use with simple 5-minute instruction video on RIO seems like something they'd like. I don't play video games but I assume MLB2016 or whatever lets you see a bunch of stats of the guy you're pitching to, so poker stats in a HUD would be a fun feature for recs and somethi8ng they're used to in other contexts. Maybe the lololds wouldn't like it, but they're all playing 08 at the casino all day.
09-01-2016 , 02:55 PM
Quote:
Originally Posted by philepistemer
People make a living at live poker 1 tabling at 1/4 the speed of an online table. It is bad for poker that there are people making a living at stakes lower than 200nl. The dream Phil has lived and is talking about isn't the dream to 16 table 50 nl, it's to get better and play higher stakes.
Maybe some people would like to make a living without having to risk thousands of dollars at a time.

Whats wrong with grinding out $25 an hour at 50 NL?

If you think fish are constantly depositing $10,000, so that they can play $10/20 online your living in a dream world

And rake isn't really an issue at those stakes anyways
09-01-2016 , 02:57 PM
Quote:
Originally Posted by gregorio
In-client basic HUD that recs can use with simple 5-minute instruction video on RIO seems like something they'd like. I don't play video games but I assume MLB2016 or whatever lets you see a bunch of stats of the guy you're pitching to, so poker stats in a HUD would be a fun feature for recs and somethi8ng they're used to in other contexts. Maybe the lololds wouldn't like it, but they're all playing 08 at the casino all day.
This would be cool but I think a lot of regs might disapprove.
09-01-2016 , 02:59 PM
Quote:
Originally Posted by KossuKukkula
You have to seriously suck at poker if you cant win more than 2bb/100 w/ 4tables NL100. And its more like 350 hands / hour.
Show us your sick graph then where your murdering 100 NL.

Doug Polk is struggling to move up through the micros.

David Benefield said a winning 100 NL grinder would be able to beat $10/20 5 years ago.

If you think 100 NL is an easy game your deluded
09-01-2016 , 03:14 PM
Quote:
Originally Posted by Maximus122
Maybe some people would like to make a living without having to risk thousands of dollars at a time.

Whats wrong with grinding out $25 an hour at 50 NL?

If you think fish are constantly depositing $10,000, so that they can play $10/20 online your living in a dream world

And rake isn't really an issue at those stakes anyways
Nothing wrong with people wanting to mass table low stakes and make 40k a year, just saying that it isn't "the dream".
09-01-2016 , 03:16 PM
Quote:
Originally Posted by Maximus122
Show us your sick graph then where your murdering 100 NL.

Doug Polk is struggling to move up through the micros.

David Benefield said a winning 100 NL grinder would be able to beat $10/20 5 years ago.

If you think 100 NL is an easy game your deluded

Why so mad? If you 4 table you can constantly keep finding a good table and exploit other players game because you have all the time in the world to study them. Aint my fault if you play that and cant beat it more than 2bb/100 playing 4 tables.

Quote:
Originally Posted by philepistemer
People make a living at live poker 1 tabling at 1/4 the speed of an online table. It is bad for poker that there are people making a living at stakes lower than 200nl. The dream Phil has lived and is talking about isn't the dream to 16 table 50 nl, it's to get better and play higher stakes.
There are probably a poopload of grinders from eastern europe mass tabling NL5 for a living. How is that bad for poker? Should they just put every cent they own on the line and play 200NL?

Last edited by KossuKukkula; 09-01-2016 at 03:18 PM. Reason: quote

      
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