Open Side Menu Go to the Top
Register
Phil Galfond to Start a Poker Site (Launched) Phil Galfond to Start a Poker Site (Launched)

09-16-2016 , 06:07 PM
09-16-2016 , 06:38 PM
I like unicorns

All jokes aside , to consider this seriously wouldn't a possible council dude or dudette need to know if / where they could even play on the site and against which player pools ?

Certainly the site would have those details nailed down before adding the benefit of a player council.
09-16-2016 , 08:49 PM
Quote:
Originally Posted by Max Cut
Interesting idea, but I hope they don't create an economy that's too unbalanced in favor of regs. Pro poker players are people, and people have a tendency to think about themselves and their (relatively) short term profits rather than thinking about the estability of a larger economy. Behavioral economics and what not.

I hate Amaya's recs come first attitude, but I hope RIU doesn't answer by going to an opposite extreme.
09-16-2016 , 11:40 PM
Not Ansky again or similar people who have failed heavily in meetings in the past.
09-17-2016 , 12:06 AM
Quote:
Originally Posted by zvonjimir
Well, those people are just telling you the way to go - Unibet will become top three site in the world in a year and a half from now, if they continue the way they are going. Trust me, you'll miss those whiners being left in your rapidly collapsing REG saturated universe.

All this RIO euphoria will end up as a total fiasco IF the number of tables isn't seriously reduced, if all HUDs won't be banned! That's a must, IMO.
I'd even suggest not accepting signups from all former Soviet Union countries, especially Belarus.
New influx of recs must happen from India and China, and smart marketing can produce great results in that area. Imagine getting rid of 1000 Belarus scam bots or 1$ per hour wizzkids and replacing them with 10 000 Indian casual middle class gamblers...
Also, randomly and often bot-check winning players ( popping up questions that only human player can answer easily- for each unanswered question, you get a financial fine, three in a row, you get an account ban for say a month.
I'd suspend chatting, but if it is allowed impose financial fines for people who chat abuse. I know, you'll say only losing players do that - I think it's only partially true. I have seen chat threats involving race, rape etc etc . If it makes one player go away in disgust, it's one too many.
It would be great if all lowest limits were totally rakefree, but with a table limit of say 2. That way, Eastern European grinders couldn't earn enough to stay on those limits permanently, but many of the total players would go up, becoming small winners.
This guy made some great points. Nice post buddy
09-17-2016 , 06:08 AM
Quote:
Originally Posted by zvonjimir
Well, those people are just telling you the way to go - Unibet will become top three site in the world in a year and a half from now, if they continue the way they are going. Trust me, you'll miss those whiners being left in your rapidly collapsing REG saturated universe.

All this RIO euphoria will end up as a total fiasco IF the number of tables isn't seriously reduced, if all HUDs won't be banned! That's a must, IMO.
I'd even suggest not accepting signups from all former Soviet Union countries, especially Belarus.
New influx of recs must happen from India and China, and smart marketing can produce great results in that area. Imagine getting rid of 1000 Belarus scam bots or 1$ per hour wizzkids and replacing them with 10 000 Indian casual middle class gamblers...
Also, randomly and often bot-check winning players ( popping up questions that only human player can answer easily- for each unanswered question, you get a financial fine, three in a row, you get an account ban for say a month.
I'd suspend chatting, but if it is allowed impose financial fines for people who chat abuse. I know, you'll say only losing players do that - I think it's only partially true. I have seen chat threats involving race, rape etc etc . If it makes one player go away in disgust, it's one too many.
It would be great if all lowest limits were totally rakefree, but with a table limit of say 2. That way, Eastern European grinders couldn't earn enough to stay on those limits permanently, but many of the total players would go up, becoming small winners.
Hell of a post.
09-17-2016 , 06:41 AM
Quote:
Originally Posted by Larjo Sateg
Interesting idea, but I hope they don't create an economy that's too unbalanced in favor of regs. Pro poker players are people, and people have a tendency to think about themselves and their (relatively) short term profits rather than thinking about the estability of a larger economy. Behavioral economics and what not.

I hate Amaya's recs come first attitude, but I hope RIU doesn't answer by going to an opposite extreme.
Pretty sure they have an Amaya's short term profits come first attitude. Theyve given barely anything back to the recs.


Im surprised noone ever seems to realise that these days recs must play rake-free, and total newbies possibly need to be given money, this way they dont get double-f***ed by sharks AND the site, and they get to enjoy some winning sessions. Once the sharks get the money, take a percentage.

"Oh but sites would have to charge 50% on withdrawal to get the same returns"

...Well mb they shouldn't be getting the same returns. Mb the industry has shifted and they are massively over-charging and killing the game in this era. Computerised gambling is still growing ffs yet poker has nosedived for 7 years, why not try lowering the price like any other sane business would.

STOP DOUBLE-TAXING LOSING PLAYERS

e.g
Win money over 20k hands? 10% Withdrawal fee
Win >$50k over 100k hands? 20%
Win >$100k over 200k hands? Crusher, 40%

This model actually works in harmony with the game as now the house and winners are on the same team while donkeys ONLY lose to the players' winrate.

EDIT: While UNIBET are doing a better job than any other competitor, they are still giving way too much back to winners, and double-taxing losers.
09-17-2016 , 08:01 AM
Quote:
Originally Posted by dochol31
Pretty sure they have an Amaya's short term profits come first attitude. Theyve given barely anything back to the recs.


Im surprised noone ever seems to realise that these days recs must play rake-free, and total newbies possibly need to be given money, this way they dont get double-f***ed by sharks AND the site, and they get to enjoy some winning sessions. Once the sharks get the money, take a percentage.

"Oh but sites would have to charge 50% on withdrawal to get the same returns"

...Well mb they shouldn't be getting the same returns. Mb the industry has shifted and they are massively over-charging and killing the game in this era. Computerised gambling is still growing ffs yet poker has nosedived for 7 years, why not try lowering the price like any other sane business would.

STOP DOUBLE-TAXING LOSING PLAYERS

e.g
Win money over 20k hands? 10% Withdrawal fee
Win >$50k over 100k hands? 20%
Win >$100k over 200k hands? Crusher, 40%

This model actually works in harmony with the game as now the house and winners are on the same team while donkeys ONLY lose to the players' winrate.

EDIT: While UNIBET are doing a better job than any other competitor, they are still giving way too much back to winners, and double-taxing losers.
So it's fine for the players to be greedy as hell and destroy online poker but not the sites?
09-17-2016 , 08:29 AM
Quote:
Originally Posted by Max Cut
Are these meetings going to be transparent, publicly available for review ?
09-17-2016 , 08:58 AM
Quote:
Originally Posted by zvonjimir
Well, those people are just telling you the way to go - Unibet will become top three site in the world in a year and a half from now, if they continue the way they are going. Trust me, you'll miss those whiners being left in your rapidly collapsing REG saturated universe.

All this RIO euphoria will end up as a total fiasco IF the number of tables isn't seriously reduced, if all HUDs won't be banned! That's a must, IMO.
I'd even suggest not accepting signups from all former Soviet Union countries, especially Belarus.
New influx of recs must happen from India and China, and smart marketing can produce great results in that area. Imagine getting rid of 1000 Belarus scam bots or 1$ per hour wizzkids and replacing them with 10 000 Indian casual middle class gamblers...
Also, randomly and often bot-check winning players ( popping up questions that only human player can answer easily- for each unanswered question, you get a financial fine, three in a row, you get an account ban for say a month.
I'd suspend chatting, but if it is allowed impose financial fines for people who chat abuse. I know, you'll say only losing players do that - I think it's only partially true. I have seen chat threats involving race, rape etc etc . If it makes one player go away in disgust, it's one too many.
It would be great if all lowest limits were totally rakefree, but with a table limit of say 2. That way, Eastern European grinders couldn't earn enough to stay on those limits permanently, but many of the total players would go up, becoming small winners.
This guy .. he done turned on the 2 out, 3-2 curve ball and deposited it over the outfield bullpen for a round tripper.
09-17-2016 , 09:20 AM
Quote:
Originally Posted by borg23
So it's fine for the players to be greedy as hell and destroy online poker but not the sites?
The problem is that an individual player has no influence on the other players, so can't save his ecosystem anyway and may as well keep going with slash and burn - whereas the site can save its ecosystem and can also make the players to cooperate - e.g. give generous, maybe 100%, rakeback for "propping" games - i.e. playing short-handed to keep them going and give 0%, absolutely nothing ,to people playing in a feeding frenzy when there is already a recreational player sitting and the table is full.

I know it's a bit different live but online players will never prop games unless they are motivated to do it somehow.
09-17-2016 , 10:02 AM
Quote:
Originally Posted by zvonjimir
Well, those people are just telling you the way to go - Unibet will become top three site in the world in a year and a half from now, if they continue the way they are going. Trust me, you'll miss those whiners being left in your rapidly collapsing REG saturated universe.

All this RIO euphoria will end up as a total fiasco IF the number of tables isn't seriously reduced, if all HUDs won't be banned! That's a must, IMO.
I'd even suggest not accepting signups from all former Soviet Union countries, especially Belarus.
New influx of recs must happen from India and China, and smart marketing can produce great results in that area. Imagine getting rid of 1000 Belarus scam bots or 1$ per hour wizzkids and replacing them with 10 000 Indian casual middle class gamblers...
Also, randomly and often bot-check winning players ( popping up questions that only human player can answer easily- for each unanswered question, you get a financial fine, three in a row, you get an account ban for say a month.
I'd suspend chatting, but if it is allowed impose financial fines for people who chat abuse. I know, you'll say only losing players do that - I think it's only partially true. I have seen chat threats involving race, rape etc etc . If it makes one player go away in disgust, it's one too many.
It would be great if all lowest limits were totally rakefree, but with a table limit of say 2. That way, Eastern European grinders couldn't earn enough to stay on those limits permanently, but many of the total players would go up, becoming small winners.
http://forumserver.twoplustwo.com/sh...php?p=50800739

Post 121

See this for reference. China should be in. India im not sure
09-17-2016 , 10:19 AM
Quote:
Originally Posted by zvonjimir
New influx of recs must happen from India and China, and smart marketing can produce great results in that area.
.
Four out of Five dentists agree. @zvon posts are solid. Of the shiploads and shiploads of ideas / comments posted. the one above is the one comment most heavily laden with smartness.

Quote:
Originally Posted by TimStone
http://forumserver.twoplustwo.com/sh...php?p=50800739

Post 121

See this for reference. China should be in. India im not sure
maybe but consider this...


China much more complex due to central govt control, and large and important differences between Eastern and Western cultures.

India on the other hand is ripe for explosion of poker, both live and online. Recent laws have made live California Card Club type poker rooms "legal" in several States in India. Karnataka (think Bangalore) being the most promising.

Regarding online in India, 2005 US poker boom (still hate that word) referred to as "moneymaker effect" was really the effect of two other things

1) readily avaialble online poker sites and easy to fund online poker accounts

2) Abundance of Poker TV shows on network and cable TV (served basically as poker site infomercial)

3) and to a lesser degree but still important. an abundance of live poker venues

Cant speak to funding of accounts in India ( I think its a pain but not sure), but since online sites are readily available (yellow market for Stars I think) if poker got on TV a similar situation would develop in India as US in 2005. In India however, the TV poker component would be most impactful if on the state run networks for cricket.


If either of those countries are the main targets for RIO site, then that would explain there silence on market/regulatory issues.

A new privately owned site serving India for example would have a huge advantage over a publicly traded site like Amaya. Private company would have lots more flexibility in their marketing. Rem India is yellow for Stars. they operate but dont go over board with marketing. A private company could easily out market Stars in a country like India.




.

Last edited by PTLou; 09-17-2016 at 10:36 AM.
09-17-2016 , 10:35 AM
Quote:
Originally Posted by borg23
So it's fine for the players to be greedy as hell and destroy online poker but not the sites?
Is it fine for players to win? Yes, thats what makes it a game. Winners and losers. And a game that can boast millionaire winners with pride and status should be a very popular one.

Is it fine for players to hunt bad players, multiply their seats and use advanced stats software? No, theres probably some lines crossed there.

Is it fine for sites to be greedy? No, taking too much from the economy makes for a very poor player eperience in any gambling game, LET ALONE a game where some players are taking from the economy aswell.

So arent highly skilled players the same as high rake? No, highly skilled player takes far less from the tables than rake. And if a bad players is so terrible, its up to the sites to pad this gold-mine-player with bonuses + freebies to ensure they still have a good experience. As it stands every site would give the skilled player another $100 on top pf his massive winnings and the gold-mine-player a freeroll ticket worth $1.
09-17-2016 , 11:28 AM
Quote:
Originally Posted by PTLou



maybe but consider this...

Re india vs china.

India i can see as becoming a much bigger "belarus". China i cant see that happening anytime soon.

Also. A moneymaker effect can only happen in a country where people have alot of disposable income and i dont see that in india either. The effect there may result in 100s of 24tabling micro former IT guys grinding their way up which is pretty much the worst which could happen to zhe ecosystem at this point. Im somewat surprised that this has not happend yet
09-17-2016 , 11:45 AM
Quote:
Originally Posted by TimStone
which is pretty much the worst which could happen to zhe ecosystem at this point. Im somewat surprised that this has not happend yet
Balancing your range?
09-17-2016 , 01:24 PM
Quote:
Originally Posted by TimStone
Re india vs china.

India i can see as becoming a much bigger "belarus". China i cant see that happening anytime soon.

Also. A moneymaker effect can only happen in a country where people have alot of disposable income and i dont see that in india either. The effect there may result in 100s of 24tabling micro former IT guys grinding their way up which is pretty much the worst which could happen to zhe ecosystem at this point. Im somewat surprised that this has not happend yet
Ya I'm surprised that there aren't 100s of guys grinding low stakes from poor countries as well.

If anybody has visited China or India they will know that the people there do not have the financial resources to start a second poker boom.
09-17-2016 , 01:36 PM
Quote:
Originally Posted by Maximus122
Ya I'm surprised that there aren't 100s of guys grinding low stakes from poor countries as well.

If anybody has visited China or India they will know that the people there do not have the financial resources to start a second poker boom.
this is false as verified by me. so you are basically saying everyone on China and India works for $300 / month. patently false and I mean way way false

Quote:
Originally Posted by TimStone
Re india vs china.

India i can see as becoming a much bigger "belarus". China i cant see that happening anytime soon.
how so?
09-17-2016 , 02:08 PM
Quote:
Originally Posted by PTLou
this is false as verified by me. so you are basically saying everyone on China and India works for $300 / month. patently false and I mean way way false



how so?
yes false its 600/month. China is a 3rd world nation, just look at macau, i been there you been there, its a ****hole, people have no money!
09-17-2016 , 02:21 PM
Quote:
Originally Posted by PTLou
this is false as verified by me. so you are basically saying everyone on China and India works for $300 / month. patently false and I mean way way false
There aren't really many regular games running in Macau except when bigger festivals take place. If there was a poker boom to happen, it should have taken quite some time ago already given the investments being made.

As far as India is concerned, hey have been running into some regulatory trouble and that needs to be fixed first. Otherwise, the police will just randomly raid live events again.
09-17-2016 , 02:28 PM
Quote:
Originally Posted by coach999
yes false its 600/month. China is a 3rd world nation, just look at macau, i been there you been there, its a ****hole, people have no money!
PLEASE tell me you are joking. if not, reconsider your use of the internet, it might not be your thing

2015 Macau gaming revenue was $US39 Billion, 50% more than that during peak before VIP Crackdown several years ago (that was 4-6x gaming rev in Vegas at the time).

Where the **** do you think all those dollars wagered came from? Timmy Dean and Phil Ivey?

Majority of Macau gamblers from Mainland China. India 2nd largest demographic there.

Quote:
Originally Posted by 39suited
There aren't really many regular games running in Macau except when bigger festivals take place. If there was a poker boom to happen, it should have taken quite some time ago already given the investments being made.
)
Issues around live poker cash games in macau are largely irrelevant to what we are talking about
09-17-2016 , 02:35 PM
Quote:
Originally Posted by PTLou
this is false as verified by me. so you are basically saying everyone on China and India works for $300 / month. patently false and I mean way way false



how so?
The technical infrastructure and game integrity are the biggest concerns in a market like India. When it rains there, the internet goes down. E-commerce is a bitch as well; Indians love to buy online, but the preferred payment method is cod. Can an online poker room running on cod work?
09-17-2016 , 02:36 PM
there is more millionaires in india than there is in the united states, yes they have a insane amount of poor people, but 99% of said poor people dont even have money to purchase a old ass computer, nevermind electricity+internet so i wouldnt be worried about any belarus effect in the next 5-8 years if india were to be pokerbooming tomorrow.
09-17-2016 , 02:37 PM
Quote:
Originally Posted by PTLou
Issues around live poker cash games in macau are largely irrelevant to what we are talking about
They are actually indirectly and directly related. Bodog88 had been tearing up the online market eh? And Natural8 or whatever it is called doesn't produce magic numbers so far either.

FWIW, you come across incredibly condescending at times.
09-17-2016 , 02:42 PM
Don't underestimate the wealth in India. A friend of mine was there recently setting up a company. He said they are the number one country in the world for people sending money p2p crossborder. He told me it was amazing, one side of the street had towering, ultra modern skyscrapers and on the other side of the street was a slum with destitute people begging in the street in front of the skyscrapers. Plenty of money in India, it's just polarized. I think I remember reading somewhere the populace also is one of the largest purchasers of gold. Anyway, plenty of money. Just be careful which hand you offer to shake hands.

      
m