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

08-03-2018 , 08:20 PM
Quote:
Originally Posted by sparrrx
They want you to sit down at the table, watch the table. Play the table. Engage with the game present and make the dynamics more closely to what they are at a live table.
They sure as hell will not have up to 18 tables MTT's.
If they allow 6 table cash games, they will prolly not allow more than 8 table MTT's. And they won't allow 6 table cash + 8 table MTT simultanously.


I personally tended to 4 tables as well gameplay wise. Just wanna see the max difference the table cap can have. But I agree that RIO needs to keep an eye out for themselves first.
A cool site that goes broke 5 months after is no good.

Again I am marvelled by the care of thought galfond applies to this project, but on the other site I am really ****ing confused. They have to pick 1 background colour because - as of now - the software doesn't allow for changing between the 4 background colours??
What the **** have they done the last 2-3 years? I cannot believe that this takes a substantial amount of time to code.
It's the effing background colour.
Tournaments are entirely different than cash, not having 18+ tables would be dumb. The entire nature of tournaments is to have big prize pools, you can't do that without regs. You don't have the same issues with reg/rec ratio when there is a 1K field randomly seated.
08-04-2018 , 12:01 AM
Poker sites focus entirely on the wrong things imo. They think the problem is multi tabling and huds. The problem is it is so hard to get money online, especially for fish that want to whip out a credit card or paypal and play some online poker. Now you have to jump through a bunch of hoops to even get money on a site to play. Id verifications every step of the way. It is a giant pain in the ass so most new customers probably give up even trying. You need depositers or online poker dies. Seems obvious. So why isn't every poker site using bitcoin? If you could think of the perfect thing for online poker and bypassing all these draconian financial regulations, it would be cryptocurrency. IMO their sole focus should be on making depositing easier, fighting bots, and improving their software. Look at Party Poker for example. After nearly 20 years that is the best they can come up with? Why don't they just open Pokerstars and copy a few things. The last time the options menu in PP got updated was about 20 years ago from the looks of it
08-04-2018 , 12:25 AM
BTC doesn't solve anything for the majority of users because btc isn't easy to get. Maybe things are different in other parts of the world, but there is only a few places to easily get btc in the US and there is limits to the amount you get instantly. Not to mention most of the people you want playing have no idea where to even begin to get btc. Regulation is what makes depositing easier, not btc.
08-04-2018 , 05:44 AM
Quote:
Originally Posted by FreshThyme
Tournaments are entirely different than cash, not having 18+ tables would be dumb. The entire nature of tournaments is to have big prize pools, you can't do that without regs.
mh, I don't think that smaller tournaments would deter many players.
You won't have huge tournaments like on pokerstars anyway. People who want to play a tournament where a win would give them life changing money will not come to RIO in either case.

But the "entire nature" of tournaments isn't even big prize pools. Big prize pools are a sideeffect of the nature of tournaments. It's all about the tournament structure.
Having smaller prize pools comes with smaller fields. You could even argue that this makes it more likely for casual players to final table the "big tournaments" on RIO, which could in turn fuel their joy for the game.

Quote:
You don't have the same issues with reg/rec ratio when there is a 1K field randomly seated.
Not true. Obviously if you got a whole bunch of regs 18-tabling MTT's, the probability of getting auto seated with a few of them on the same table is way bigger. Same goes for a reseating to a different table during the tournament. The reg/rec ratio does increase substantiously, especially since RIO will attract more regs than recs for some time.

You have similar problems as you have with cashgames.
Gameplay wise, it's a fact that people who are 18-tabling play tighter than when they are 6-tabling. Also, when allowing 18-tabling, you throw the bot-deterrent effect of the table cap out of the window.
08-04-2018 , 06:09 AM
Quote:
Originally Posted by Gzesh
Sure..
I didn't complain about that. I only commented like that because previous poster said similar things. Regs facing a threebet needs to check the charts etc other nonsense. And like you said let the regs have their time. Without them there are no games. But enough of that just derailing the thread.
08-06-2018 , 04:02 AM
Quote:
Originally Posted by FreshThyme
Tournaments are entirely different than cash, not having 18+ tables would be dumb. The entire nature of tournaments is to have big prize pools, you can't do that without regs. You don't have the same issues with reg/rec ratio when there is a 1K field randomly seated.

Reality check? Tournaments cost money. Even if Phil is ******ed enough to give away TONS of free money like say, Coinpoker, he still wouldn't be able to schedule more than 2 or 3 at the same time. And Coinpoker is just giving back a small part of their ICO money... in their own token that they don't have to cash out.
08-06-2018 , 04:15 AM
Now that MPN messed up their software having a somewhat similar approach there is clearly a window of opportunity for RIO if they avoid the mistakes MPN made with their new client.

Generally it would be interesting to hear what will separate RIO from sites like Unibet or MPN?
08-06-2018 , 04:28 AM
Quote:
Originally Posted by joedot
So why isn't every poker site using bitcoin?
I believe RIO is not doing crypto because regulators told them no and they would rather not be an unregulated site.
08-06-2018 , 07:12 AM
Quote:
Originally Posted by Kropotking
Now that MPN messed up their software having a somewhat similar approach there is clearly a window of opportunity for RIO if they avoid the mistakes MPN made with their new client.
What's wrong with the new MPN software?
08-06-2018 , 07:25 AM
Quote:
Originally Posted by mrguitarbhoy
What's wrong with the new MPN software?
Pretty much everything. Biggest issues are you can't remove avatars or badges and can't make notes on people. And the obv ones autoseat, no handhistories, custom betsizes, not being able to use mousescroll to change the betsize. It's pretty much a poopshow atm.
08-06-2018 , 02:22 PM
Quote:
Originally Posted by KossuKukkula
Pretty much everything. Biggest issues are you can't remove avatars or badges and can't make notes on people. And the obv ones autoseat, no handhistories, custom betsizes, not being able to use mousescroll to change the betsize. It's pretty much a poopshow atm.
So basically Unibet but even worse somehow.
08-06-2018 , 05:05 PM
4 table cap? So thats what 250 hands an hour.

At a winrate of 2 bb/100 at $.50/1 you would be making $5 an hour.

A waste of time that wont insentivise regs to play on the site
08-06-2018 , 05:26 PM
Quote:
Originally Posted by Maximus122
A waste of time that wont insentivise regs to play on the site
And you think this is a bad thing for the games? This might shock you btw but you can play other sites at the same time. And tbh if you play four tables NL100 making 2bb/100 you are not very good.

Quote:
So basically Unibet but even worse somehow.
This is actually very accurate.
08-06-2018 , 05:40 PM
Quote:
Originally Posted by KossuKukkula
And you think this is a bad thing for the games? This might shock you btw but you can play other sites at the same time. And tbh if you play four tables NL100 making 2bb/100 you are not very good.



This is actually very accurate.
Doug Polk the best Heads up player in the world is making 2 bb/100 at micro stakes playing on a fishy Nevada site so ya..

And no offence to Run it Once but sending out tweets in relation to table caps? Its been two years. How do they not have this basic shi* figured out already?

The site was supposed to be released in the summer. If they haven't even be able to figure out basic elementary shi* like how many tables people can play on then we will be waiting a very very very long time for the launch of the site.

It's time to start cracking some skulls over there. Productivity is not what it should be.
08-06-2018 , 05:53 PM
Quote:
Originally Posted by FreshThyme
... Regulation is what makes depositing harder not easier
Reality check time .... Regulation is precisely what makes depositing harder.
08-06-2018 , 05:59 PM
Quote:
Originally Posted by BDHarrison
I believe RIO is not doing crypto because regulators told them no and they would rather not be an unregulated site.
What regulators would that be ?

I believe Malta will allow licensees like Mr.Green to accept BTC deposits, with sufficient KYC and safeguards.

Further, there are regulated private payment processors who would accept BTC and forward fiat to gambling sites.
08-06-2018 , 06:00 PM
Quote:
Originally Posted by Maximus122
Doug Polk the best Heads up player in the world is making 2 bb/100 at micro stakes playing on a fishy Nevada site so ya...
Well Polk is not the best hu player in the world atm. And could you please tell me how did you calculated the 2bb/100? Can't remember what he played when the challenge started but he made it from 100 to 1k something at 40 sessions and peaked at ~4k. Now he played mostly mtts and today is the first real cashgrind. So yeah I can say that he wins way more than 2bb/100 at micros.
08-06-2018 , 07:03 PM
This is how he calculated it. From a different poster in a different thread ****ting on Doug:

Quote:
46 sessions
Doug streams for what
5hrs on average, 3-4 tables? say 3.5 average, let's put a high end number of 70h/hr
Average BI will be around $15 start of challenge included ? He did play NL50-100 but also lower limits
and he made 954$ (BR at 1054)

46*5*3.5*70=56k hands
954/56,000*0.15/100=2.6bb/100

That's minimum, if he only played cash games
And I'm guessing he won't keep up 3.5table average 70h/hr (was struggling with action at some point I'm sure)
So it's more like 3-5bb+/100 which is just fine while actively streaming
08-06-2018 , 07:04 PM
Quote:
Originally Posted by Maximus122
4 table cap? So thats what 250 hands an hour.

At a winrate of 2 bb/100 at $.50/1 you would be making $5 an hour.

A waste of time that wont insentivise regs to play on the site
Who is getting 2bb/100 4 tabling? You have to be really bad to get that winrate with 4 tables. I can see 8 tabling but 4 tabling any decent player should be getting a pretty decent winrate unless they are staring at the ceiling and jerking it all while playing.
08-06-2018 , 07:40 PM
Quote:
Originally Posted by Gzesh
What regulators would that be ?

I believe Malta will allow licensees like Mr.Green to accept BTC deposits, with sufficient KYC and safeguards.

Further, there are regulated private payment processors who would accept BTC and forward fiat to gambling sites.
I believe RIO is also licensed in the UK, which I think is less favorable to bitcoin.
08-06-2018 , 08:05 PM
Mark my words, the UKGC is no moral lodestar.

Let me give you a list of it's mission statements:

- preventing gambling from being a source of crime or disorder, being associated with crime or disorder, or being used to support crime
- ensuring that gambling is conducted in a fair and open way
- protecting children and other vulnerable persons from being harmed or exploited by gambling.


There is a veneer of respectability here, however it is important not to be gulled. The mission statement contains bogus/spurious claims only.

FOBT proliferation, R4 corruption, SP rigging, indiscriminate account restrictions, FOBT money laundering, rewarding compulsive gamblers - blatant transgressions just off the top of my head. These and more fly in the face of the aforementioned mission statement. In reality, a UKGC licence is not worth the paper it is written on.

I feel sorry for anyone who does not understand that.
08-06-2018 , 08:13 PM
Quote:
Originally Posted by Sir Huntington
Who is getting 2bb/100 4 tabling? You have to be really bad to get that winrate with 4 tables. I can see 8 tabling but 4 tabling any decent player should be getting a pretty decent winrate unless they are staring at the ceiling and jerking it all while playing.
Fine then 4 bb/100. $10 an hour. Think I'll still take the guarenteed money at McDonalds though.

There was a time on Stars when you could make 120k at 50 cent a dollar without even making money at the tables. That was the dream for so many people. There were so many games on the site it was insane.

Now the lobbys on Stars are dead. There are no sit and gos running. No High Stakes because everyone knows its too hard to make the money back at the lower stakes. No Heads up games. The 500 zoom pool has 30 players lol most of which are the likes of Innerspy or Tennus. Zoom 9 max no longer runs. Hyper satelites are gone.

And its all because the regs have been ****ed on.

Like whats with all this protect the recreational player bull****. Poker is a game where you are playing for money. Period. If recreational players want a fun experience that's what 2 NL and 50 cent tournaments were created for.

Fish go where there are games. If a game is running a fish will jump in. But games only run if there are regs. A fish is never the first person to sit at the table looking for action. The sites need to get that through their head.

Last edited by Maximus122; 08-06-2018 at 08:35 PM.
08-06-2018 , 08:33 PM
Quote:
Originally Posted by dairuss86
In reality, a UKGC licence is not worth the paper it is written on.
So, it is of no value to an online poker site that wishes to have customers in the UK?
08-06-2018 , 08:51 PM
Quote:
Originally Posted by BDHarrison
I believe RIO is also licensed in the UK, which I think is less favorable to bitcoin.
That would not be a problem.
08-06-2018 , 08:52 PM
Quote:
Originally Posted by BDHarrison
So, it is of no value to an online poker site that wishes to have customers in the UK?
There is value, related to marketing and payment processing re such customers.

      
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