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

01-31-2019 , 02:38 PM
2+2 - "**** low SPR games, can't get an edge over the rec!"

also 2+2 - "they'll only reward us while lowering the SPR? Lol recs will get so rekt"

Not that simple ofc, but still, I don't think it's true that they are robbed. I like the idea, will be fun to try it.
01-31-2019 , 02:39 PM
Out of the box thinking for sure. Which I applaud.

If I understand the implementation of this correctly RB variance will be significant, no?

But I like this bold kind of thinking. I can see this being fun and appeal to recs.

And, most importantly, post RB rake is great
01-31-2019 , 02:43 PM
On reflection I think this is a fantastic idea. It's genius. Regs will gradually realize it's better for them and fish will just love all the colors and stuff.

People gonna moan tho. It's different.

Last edited by JohnCleese; 01-31-2019 at 02:48 PM.
01-31-2019 , 02:49 PM
It's a clever way to offer RB but also slow the bots down. It might attract nits to sit there and wait for the big splash pots though. I hope it works out.
01-31-2019 , 03:04 PM
^^^ Judging by what's been disclosed so far most splash pots will not be huge, only occasional ones.
01-31-2019 , 03:16 PM
Quote:
Originally Posted by JohnCleese
Correct.

EDIT: Also, rake is quite high. 5.75% at the micros.
Hey John, thanks for sharing all your thoughts and the kind words on our idea (that you eventually came around to )

One downside of our idea is that our rake can look higher than it is.

Based on our calculations, our net rake at micros should be quite a bit lower than both Party and Stars.
01-31-2019 , 03:28 PM
Quote:
Originally Posted by Jman28
Hey John, thanks for sharing all your thoughts and the kind words on our idea (that you eventually came around to )

One downside of our idea is that our rake can look higher than it is.

Based on our calculations, our net rake at micros should be quite a bit lower than both Party and Stars.
Yep roger that. Fortunately recs aren't too bothered about rake and regs will understand.

The system is brilliant by the way. Props to whoever came up with it.
01-31-2019 , 03:28 PM
Well done Phil, nice ideas, enjoyed this post, this is how companies should communicate to their customers!

You sound really genuine with your efforts to strike a balance between profitability and providing the best deal for your players

All the best with the site, I will be depositing as soon as poss to give this a go!
01-31-2019 , 03:39 PM
"There is no bias toward any player or table. STP will reward 51% of rakeback in the same manner to all players, based on rake paid in the previous hand".

Seem fair?
01-31-2019 , 03:43 PM
I wonder what the optimal play/equilibrium will end up being after this system has been in play for some time and people figure it out? There will have to be a good amount of variation in splashed pots sizings.

On good days you will have TT+ in a splashed pot and fist pump. Some people will be jamming 100bb with 27o to win 14bb splash.

This system will increase the amount of tilted players at RIO.

It's going to be so splashy.
01-31-2019 , 03:44 PM
I had seen this thread in NVG for a while and always thought this site was going to be vaporware. They are making a lot of 2019 decisions: no chat box, anonymous player names, no table selection, the sitewide currency is euro. And some interesting ones as well, like rakeback as splash pots.

I hope the site succeeds but poker seems like a crowded market without much growth. Who's going to play here? Pros mostly since they are the only ones who have heard of Phil or keep up with poker news. Though in 2019 I doubt there are very many rec players left. I hope you guys have a good marketing budget. Anyway, good luck Phil and co!
01-31-2019 , 03:46 PM
Might be a dumb question but is the splash part of the pot allso raked? Or is it just the normal pot you pay the rake and the splash is just extra on top of that?
01-31-2019 , 03:48 PM
Maybe I am missing something, but I dont understand how it will be 51% for all players?

If a nit is in the game contributing rake of 6 bb/100 and then if theres a fish in the game playing every other hand contributing 12 bb/100 in rake does the fish not end up with less rakeback and the nit a lot more?

I guess I'm also worried that the fish will get absolutely destroyed with this model. I play 6 max Hyper Turbo Knockouts on stars and the fish absolutely lose their minds over the knockout bounties. You actually wouldn't believe how terribly they play trying to get the knockout.
01-31-2019 , 03:49 PM
Quote:
Originally Posted by synth_floyd

I hope the site succeeds but poker seems like a crowded market without much growth. Who's going to play here? Pros mostly since they are the only ones who have heard of Phil or keep up with poker news. Though in 2019 I doubt there are very many rec players left. I hope you guys have a good marketing budget. Anyway, good luck Phil and co!
This is everyone's worry I guess. Hopefully a word of mouth/twitch campaign just blows up.

Last edited by JohnCleese; 01-31-2019 at 04:00 PM.
01-31-2019 , 03:52 PM
Quote:
Originally Posted by Maximus122
Maybe I am missing something, but I dont understand how it will be 51% for all players?

If a nit is in the game contributing rake of 6 bb/100 and then if theres a fish in the game playing every other hand contributing 12 bb/100 in rake does the fish not end up with less rakeback and the nit a lot more?

I guess I'm also worried that the fish will get absolutely destroyed with this model. I play 6 max Hyper Turbo Knockouts on stars and the fish absolutely lose their minds over the knockout bounties. You actually wouldn't believe how terribly they play trying to get the knockout.
That's the beauty of it. Fish like shiny things and those splashed pots sure will be shiny. I think they'll be a lot happier with this than opening chests and infinitely happier than, eg Party, where you just play with no rakeback/rewards as a fish.

And it will be 51% for all players, but as an aggregate.

Last edited by JohnCleese; 01-31-2019 at 03:58 PM.
01-31-2019 , 03:58 PM
It's just a luck rakeback system. If you don't stream and/Or Don't win a splashed pot, you get no rakeback.
01-31-2019 , 04:01 PM
Seems like a high variance rakeback system, but also one that favours pros. You have to win the hand to get the money so higher skilled players will win out in the long run.
01-31-2019 , 04:03 PM
Quote:
Originally Posted by Nebuchadnezzar.
It's just a luck rakeback system. If you don't stream and/Or Don't win a splashed pot, you get no rakeback.
It's not a luck system but it is a rich get richer system albeit a volatile one.

Fantastic.
01-31-2019 , 04:08 PM
Quote:
Originally Posted by KossuKukkula
Might be a dumb question but is the splash part of the pot allso raked? Or is it just the normal pot you pay the rake and the splash is just extra on top of that?
Not a dumb question! No rake is taken out of the splashed chips.
01-31-2019 , 04:10 PM
Quote:
Originally Posted by JohnCleese
Yep roger that. Fortunately recs aren't too bothered about rake and regs will understand.

The system is brilliant by the way. Props to whoever came up with it.
Thanks, John

It was so long ago I actually forget who came up with it. I'll have to investigate!
01-31-2019 , 04:29 PM
In b4 Galfond and his boy are the new Scheinbergs.
01-31-2019 , 04:32 PM
The one nitpick I would have is that I find the way that the pot size is displayed to be distracting. Like if there's 100 in the pot and there is a bet of 100 then it won't instantly display 200, it will quickly count it up and then display 200.
01-31-2019 , 04:35 PM
Great idea.
For those complaining about the rake you should see the amount of rake we pay at .es fr pt and the ****ty rakeback we get, I wish run it once launched on our region
01-31-2019 , 04:41 PM
How isn't it a luck system? If you never win a splashed pot, you never get rakeback.

Fwiw I'm not complaining I'm not a high volume player so I don't rely on rakeback.
01-31-2019 , 04:48 PM
Quote:
Originally Posted by Nebuchadnezzar.
How isn't it a luck system? If you never win a splashed pot, you never get rakeback.

Fwiw I'm not complaining I'm not a high volume player so I don't rely on rakeback.
It's partially luck based because it's poker, but you'd have to be trying pretty hard to never win a splash pot.

It's pretty much the same as the old debate 'is poker a game of skill'.

Yes, there is some luck involved but you win more splash pots the better player you are.

      
m