Party Responds - Hilarity Ensues

[Tiltguru]

That is a shame they wouldn't give you a new deal.
Guess you will just have to pick up a couple of cases of redbull and unplug your phone for a few months. [img]/images/graemlins/wink.gif[/img]

[MicroBob]

Latest calculations:


Average rake taken (per raked-hand) at party 3/6 full appears to be $2.09
Average players = 9.2

This is 22.7 cents contributed per raked-hand.

For this bonus I am getting 4.7 cents per raked-hand.

This is the equivilent of getting 21% RB from party.
If I did this for 6 of the weeks then it would end up being 23.6%.

It is still worth considering afterall.


I was previously playing 6-max though and this percentage wouldn't be nearly as high on those games.
avg rake = 1.78
avg players = 5.48

32.6 cents contributerd per hand.
at 4.7 cents in value per RH = 14.4%


I'm still thinking about it.

[Eder]

[ QUOTE ]
[ QUOTE ]
The email contained invisible text (whatever that is)

[/ QUOTE ]


you have to put some tracing paper over it and then gently sketch a charcoal pencil over the top to see the 'hidden message'.

[/ QUOTE ]


It says....

<font color="white"> Drink your Ovaltine! </font>

[HCR]

At least you have something to think about.

[dlk9s]

[ QUOTE ]
this is a fixed target and cannot be revised.

[/ QUOTE ]

This is one of the biggest BS lines ever.

[MrMon]

[ QUOTE ]
Latest calculations:


Average rake taken (per raked-hand) at party 3/6 full appears to be $2.09
Average players = 9.2

This is 22.7 cents contributed per raked-hand.

For this bonus I am getting 4.7 cents per raked-hand.

This is the equivilent of getting 21% RB from party.
If I did this for 6 of the weeks then it would end up being 23.6%.

It is still worth considering afterall.


I was previously playing 6-max though and this percentage wouldn't be nearly as high on those games.
avg rake = 1.78
avg players = 5.48

32.6 cents contributerd per hand.
at 4.7 cents in value per RH = 14.4%


I'm still thinking about it.

[/ QUOTE ]

Not to tempt you over to the dark side, but to give you even more to think about, equivalent numbers from Absolute ($3/6 6 max):

Average rake per hand: $1.158
Contributed rake per hand: $0.2657
Raked hands = 74.3%

Note: These are the contributed rake numbers as reported by the General page in PT. AP always reports 20-25% higher MGR, so that's good for me, while apparently not increasing the rake taken per hand. Don't ask me how they get their numbers, I just collect the extra. [img]/images/graemlins/grin.gif[/img]

Net results are thus:

Bonus collected per hand = $0.07435
Rakeback per hand (28%) = $0.07440


Total per hand = $0.14875

If you exceed $2000 MGR per month, better deals can be had. You know where to shop.

So, not only does AP pay more per hand, they collect less rake on top of it. Look at your net cost per hand, there's a VAST difference here. Plus, AP doesn't punish you for not making it, you can scale up or down at your leisure.

I'll be the first to admit that Absolute is not for everyone, the game selection is sometimes limited, and the games can be tougher. But the cost per hand, assuming your numbers are accurate, is massive. That alone should have you looking elsewhere.

I've also run numbers on Stars and find their cost per hand, after you subtract out the VIP program, is just a little higher than AP, about 15%. Not bad, way better than Party, plus no minimum play requirements, good game selection. Doesn't pay back in cash though. But isn't a lower rake structure the best rakeback of all?

[MaxPower]

Since emails to Party always get a nonsense response, does anyone every try calling them?

[deception5]

[ QUOTE ]
I was previously playing 6-max though and this percentage wouldn't be nearly as high on those games.
avg rake = 1.78
avg players = 5.48

[/ QUOTE ]

More hands per hour on those tables though, right?

[MicroBob]

Interesting analysis.
but I do have some disagreements.


[ QUOTE ]
But isn't a lower rake structure the best rakeback of all?

[/ QUOTE ]


Not really.
I would take a higher rake-structure if even higher rake-back went along with it.

If a site asked me, "We will increase your RB by 5%...or we will lower the rake-structure by 5%...which do you choose?" I would choose the increased RB.

I am playing tighter than most of my opponents. I am making more in RB on the hands that I am folding then I would gain in rake-savings (if lowered rake-structure) on the pots that I am winning.

A TAG-ish player on a 10-player table might be winning 7% of the pots.
Other players at the table are averaging 11% of the pots each.



[ QUOTE ]

Raked hands = 74.3%

[/ QUOTE ]


Don't they start to rake a bit lower than $20 pots though?
Do they take out $0.25 when pot hits $10?
Don't feel like checking but this would account for the discrpency of course.



[ QUOTE ]
they collect less rake on top of it.

[/ QUOTE ]


Is the rake-structure better?
Or do they just take less rake per hand on average?

If they are taking out less-rake per hand then this could just be a result of the pot-averages being smaller.


I just responded to a different thread where somebody made the mistake of assuming that one site was better than another because the average rake taken per hand is significantly less than Party's.
Well...Party's pot-averages are higher...thus they will also be raking more.


I conceded that party's rake-structure is worse also (because of the $0.50 increments every $10...and Stars does a $70 max-rake instead of $60).

Party: Pot = $51, Rake = $2.50
Stars: Pot = $69, Rake = $2.00


but just saying that Party's rake is worse because they take out more per hand is incorrect.

What if a site is getting $100 average pots on a 3/6 table?
Obviously they are going to be raking more than another site where the average pot is $17.
Even if their rake 'structure' is the same or better their 'average rake per hand' will be higher.


AP has a rep for tightish players and smallish pots. Obviously lower rake per-hand is related to this too.


I have considered absolute but I still hate the software for slowing down my computer (although not as much anymore).

I would need to set up a new acct anyway as I had previously signed-up there before RB.

[BigBrother]

Microbob,

You may have already guessed this, but your offer is a hidden cost of going on marathon sessions above your normal game chasing specific bonii such as the cruise.

If you only EVER played 4-6 tables of $3/6 then your points requirement would surely be much lower. But once they have seen you crank out 8 tables of $10/20, or whatever it was that you did, then Bingo that is where they are going to target you.

I think these Party offers make the most sense for someone who is ready to move up in stakes from their current game. The weekly payout gives your BR a little bit of a cushion and you really need the points from the higher level to reach their targets without requiring really excessive table hours.

The key to this promotion, IMHO, is hitting the target for each of the 8 weeks, since that gives you a 1.5X weekly multiplier. Playing extra in any given week is not worth it, because it pays you at the same rate, and can only give them reason to bump your target higher in the future.

Personally I prefer Party's smaller promotions like the ticket races and the Santa pack where you earn a few hundred bucks by whoring a low limit for a much shorter time period.