101% rakeback can't last long

[kimchi]

Since I started trying to clear other sites' bonuses when there was no bonus to clear at party, I've noticed my existence is losing money for the poker rooms.

In the last couple of months I've earned $1335 in bonuses and rakeback, but according to PT, my MGR for the same period was $1320 - that's about 101% rakeback

I calculated my MGR by dividing the total rake in the 'game notes' tab and dividing it by the average players per hand (APH). The rake taken from pots I've won is less than my MGR, even though I ran around 2BB/100 over this period - I assume that's because I play tighter.

So - how long can the poker rooms sustain these bonuses? I'm not exactly a 'valued' customer if they're not making money from me - even though I play poker regularly.

I can imagine that a lot of rooms will go bust and the others' bonuses will have to dry up.

Any thoughts?

[Photoc]

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Any thoughts?

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WPEX. Do you see why?

[Sigurd]

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So - how long can the poker rooms sustain these bonuses?

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Forever...

Not all people are greedy bonus eating bastards like you and me. To support my claim of neverending bonus bonanza I'v found this little snippet of text on some PartyGaming site (googled online poker revenue):

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In 2005, online poker generated approximately, $2.6 billion gross gaming yield...

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[lefty rosen]

Even Party has cut back on the bonuses they give. I basically stopped playing at Party for about 2 years(I played at skins with a rake rebate), the bonuses for me were the same, until about the middle of last year. Now the bonuses generally suck and the games suck..... /images/graemlins/confused.gif /images/graemlins/blush.gif /images/graemlins/shocked.gif /images/graemlins/crazy.gif

[DuderinoAB]

The other thing is that larger player bases encourage exponential growth. The more players that a site has, the more players will want to play there because games will be generally softer and more readily available. If a site loses a small amount to people like you and me who get more than 100% rakeback from time to time, but more players who are giving them close to 100% rake, then they have are +EV for losing a small amount on us. I've been costing Absolute money for about a year and a half now. A lot of other players are too, and I don't hear them complaining.

[Overdrive]

And the site also made money off of the 'float' on your deposit. The sites earn interest on all the money deposited. Party Poker even used to pay players interest on the money they had deposited at their site in the good old days believe it or not.

[Losing all]

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And the site also made money off of the 'float' on your deposit. The sites earn interest on all the money deposited. Party Poker even used to pay players interest on the money they had deposited at their site in the good old days believe it or not.

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I'm not sure if a weeks interest on $500 covers 101% RB and NT fees.

[Pog0]

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And the site also made money off of the 'float' on your deposit. The sites earn interest on all the money deposited. Party Poker even used to pay players interest on the money they had deposited at their site in the good old days believe it or not.

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In the short amount of time it takes to deposit and clear a bonus, the transaction charges probably far exceed any interest they make off of it.

[GrannyMae]

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And the site also made money off of the 'float' on your deposit. The sites earn interest on all the money deposited. Party Poker even used to pay players interest on the money they had deposited at their site in the good old days believe it or not.

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contrary to what has been stated inaccurately for years, sites do NOT make shitola on a float. transaction costs far exceed any pennies made in interest.

[Casino Assoc.]

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Since I started trying to clear other sites' bonuses when there was no bonus to clear at party, I've noticed my existence is losing money for the poker rooms.

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You are now on our blacklist.

[wako]

You have to admit bonuses are drying up, most cryptos switching to #1 rake points, Stars uping thier rake rquirements, Party reloads 10x and higher. Signup's like Betfred, Nordic and other Primas going to hello. All in the last several months.

[Necromancer]

yeah I used to bonus whore also...and still do to some extrent. Its a great way to build a bankroll but if I look at the rake I have paid in the 18 months I have been paying poker it is waaaaaaay more than I haqve taken in bonuses

[mosquito]

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I've been costing Absolute money for about a year and a half now. A lot of other players are too, and I don't hear them complaining.

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Since they went to .50 rake for bonuses there are only rare games where bonus > rake.

[DuderinoAB]

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I've been costing Absolute money for about a year and a half now. A lot of other players are too, and I don't hear them complaining.

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Since they went to .50 rake for bonuses there are only rare games where bonus > rake.

[/ QUOTE ]

You make a valid point, but I'm also recieving rakeback. I'm playing $1 and on occasion $2 NL. At that level the bonus and rakeback comes out to about 115% of the rake. If I move up and play $2 NL (which I will probably do within a month) on a regular basis that will change.

[john kane]

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Any thoughts?

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WPEX. Do you see why?

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The 7th flop. Do you see why?

[mosquito]

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I've been costing Absolute money for about a year and a half now. A lot of other players are too, and I don't hear them complaining.

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Since they went to .50 rake for bonuses there are only rare games where bonus > rake.

[/ QUOTE ]

You make a valid point, but I'm also recieving rakeback. I'm playing $1 and on occasion $2 NL. At that level the bonus and rakeback comes out to about 115% of the rake. If I move up and play $2 NL (which I will probably do within a month) on a regular basis that will change.

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I was going to say, with my RB and bonus, I'm running about 60% of MGR. It's highly game dependant. Only games with average pots around 12-15$ will tend to be in the 100% zone.

[Photoc]

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Any thoughts?

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WPEX. Do you see why?

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The 7th flop. Do you see why?

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No, I do not see why. I don't play there, now do you see why I don't see why?

[WiSeIVIaN]

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Any thoughts?

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WPEX. Do you see why?

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The 7th flop. Do you see why?

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No, I do not see why. I don't play there, now do you see why I don't see why?

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I don't even know what the 7th flop comment means... /images/graemlins/confused.gif