Quote:
Originally Posted by philkill
Example.
If a grinder is winning, that means that other players lose the amount + rake and if they wouldnt lose the amount (beside the rake) they would play longer.
if a table with 5 has 4 fishes that are equal and one shark that win the 7 bb rake + 10 bb from fishes means that fishes would play more then double the amount only lose the rake, so total they earn less even the grinder is raking very much, that simple, better let the fishes longer play on their 1,2 tables then having grinders that broke the fishes fast.
That is all about maximizing winnings and we could not do anything again it, if we all leave they still make more money, that simple.
No it is not as simple as that. There is a reason for why rakeback was created in the first place and there is a reason for why Stars rised to be by far the biggest network in the industry. The sites just have forgot it since they are expeced to show growth in a market who hasn't got any prospects to do so. The change of strategies is happening because there is panic in the poker business not because they make any sense.
Many of us rakes as much as 100 recreational players do in a month. It doesn't matter for the network if the recreational players keeps their money longer since:
a) Most of the recreational players won't spend a lot more time playing poker anyways since they probably have better things to do most of the time.
b) Less tables are started since grinders are the ones starting them.
c) The grinders volume of rake is a huge share of the overall volume of rake.
888:s new concept is just going to fly if they can attract enough recreational players to offset the grinders loss of rakeback. Without the grinders the new system will inevitably collapse since the cost of losing a grinder is way too high and the cost of recruiting a new player is also very high. 888 poker is trying to create a "healthier" ecosystem but I don't give them much hope.
I already play at 6 networks but 888 is my number one network. It will only continue to be so if my winrate including rakeback is higher than on the other networks it is as simple as that. That puts 888 on a lot of pressure attracting enough fish for me to be able to do so.
On a sidenote.The 888 club is a big of a joke as it gets. I play 2/4 to 15/30 Limit and lots of HU. It takes me around 15-30 minutes to collect my points and then I have to wait 5 or 6 days to move up a level. It is blatantly obvious that I will remember how VIP:s are treated by 888 and that it will effect me whenever it is a close decision between which tables on which networks it is best to play on.