WSEX: Official Monthly Thread: July. (#11 of 12.)

[Banzai]

Fred, please can you confirm if the amount displayed in the cashier box is currently showing the 75% figure we will now receive.

Thanks.

[jafeather]

[ QUOTE ]
Fred, please can you confirm if the amount displayed in the cashier box is currently showing the 75% figure we will now receive.

Thanks.

[/ QUOTE ]

I can confirm this myself. The first thing I did Monday was play in a tourney, and then check my rakeback. It was 75% of the tourney fee.

[FastForward7]

I've been playing at WPEX exclusively for the last several months but I'm done now. I've toughed it out because the 100% was nice and I'd like to see this place succed but enough is enough.

Honestly, if the people at WPEX want to have a succesful poker site they should look objectively at what's good about their site.

Software - Horrible
Customer Service - Slow slow slow. Mildly helpful but did I mention slow as dirt?
Traffic - Dismal. And if you don't play Hold 'Em forget it.
Softness of games - Not even remotely soft
Got Bots? - Check. Got lots of them. All the bots you could want.
Huds? - Nope. WPEX goes out of it's way to make sure 3rd party software doesn't work at all.

To that I'll add that I suspect a fair amount of collusion at the NL tables but obviously I can't prove that.

So in short, it's really a horrible room imo and you've just cut into the one thing that makes it decent.

I'm honestly not trying to be rude here but rather honest. I really wish this site would have flourished but it really seems this site has been mismanaged in every possible way. Best of luck to you WPEX.

[Humbled]

why don't rakefree sites ever become successful? Seriously, for years now, no rake free site has ever made it. Its probably because they don't advertise.

[Wires]

[ QUOTE ]
Its probably because they don't advertise.

[/ QUOTE ]

Actually it's probably because fish don't care about rake.

[*grendel*]

Frankly, I'm surprised the poker segment of WSEX lasted as long as it did in its "rake-free" state. I thought it was great, and for a while it was the only place I played, but I became bored with the lack of game selection.

What some of you don't seem to get is that the poker segment of WSEX was started as an add-on to their sportsbook business. By offering "rake-free" poker they hoped to increase traffic with additional revenues being realized via the sportsbook. The poker segment was not really started as a stand-alone , for-profit venture as some of you assume (and I think Fred has mentioned this). By reducing the amount of rake-back to the players it seems they are now going to try to inject some of the rake revenue back into the poker segment in hopes of growing it. I hope it works, and I'll return to play poker there if it does. Regardless, I'll continue to use WSEX as my primary sportsbook.

Thanks for all your good faith efforts, Fred, and best of luck to you and WSEX.

[gamblerNC1]

WPEX always seems to take one-step forward and two steps back. Taking 25% to increase business is fine by me, as this may improve game selection, but is this where the money is going? Not most of it.
First, they announce the cut in rake, and then they announce in the same breath that they will add 15K a week spread over three tournaments. Makes sense, that is until one stops and considers that these tournaments are open to anyone with $10 bucks in their account. Anyone can go to another site, with better game selection and softer games, for all their cash play and pop into WPEX and play tournaments with 5K added three times a week.
Can anyone guess the results of this? Could it be that the cash games will dry up as everyone pulls most their funds, puts them into other sites and play the 5K overlays with the small percentage of bankroll they left on the site. If they win money in the tournament what do you think they will do with the money? My guess is take 90% of it and reinvests it in other softer sites. Why don’t they just save the time and just write a check for 15K a week to PS and FT.
Is there anyone at this site that has the slightest idea what they are doing? I don’t have a crystal ball but I took me about five seconds to see the future of this latest brainstorm, or would brainfart be closer to the truth.
Now, I don’t, nor have I ever ran a huge online sports book, casino and poker site, but if a low limit grinder can figure out in five seconds what a bad idea this is, why can’t the people running WPEX?
This amounts to a land based casino giving comps to players who play at other casinos and asking their own customers to give up part of their comps to cover the cost. Is there anyone working at this site that has ever played online poker?
Just an idea for you guys to consider. Perhaps if you took the 15K and put it into tournaments that are a combo cash and FPP, as a benefit to the people who actually bet and play on your site, then the money would be more likely to end up in your sports book and poker room instead of other sites. After all, these are the players paying the 15K right?
All you guys that say you will play somewhere else, I ask you to reconsider, at least on Tuesdays, Thursdays, and Fridays. I will see you there and hey tell everone at FT and PS to join us as well. See you at the tournaments.

[Banzai]

[ QUOTE ]
[ QUOTE ]
Fred, please can you confirm if the amount displayed in the cashier box is currently showing the 75% figure we will now receive.

Thanks.

[/ QUOTE ]

I can confirm this myself. The first thing I did Monday was play in a tourney, and then check my rakeback. It was 75% of the tourney fee.

[/ QUOTE ]

You, Mr Feather are cleverer than me and I salute you.

[Piemaster]

[ QUOTE ]
WPEX always seems to take one-step forward and two steps back. Taking 25% to increase business is fine by me, as this may improve game selection, but is this where the money is going? Not most of it.
First, they announce the cut in rake, and then they announce in the same breath that they will add 15K a week spread over three tournaments. Makes sense, that is until one stops and considers that these tournaments are open to anyone with $10 bucks in their account. Anyone can go to another site, with better game selection and softer games, for all their cash play and pop into WPEX and play tournaments with 5K added three times a week.
Can anyone guess the results of this? Could it be that the cash games will dry up as everyone pulls most their funds, puts them into other sites and play the 5K overlays with the small percentage of bankroll they left on the site. If they win money in the tournament what do you think they will do with the money? My guess is take 90% of it and reinvests it in other softer sites. Why don’t they just save the time and just write a check for 15K a week to PS and FT.
Is there anyone at this site that has the slightest idea what they are doing? I don’t have a crystal ball but I took me about five seconds to see the future of this latest brainstorm, or would brainfart be closer to the truth.
Now, I don’t, nor have I ever ran a huge online sports book, casino and poker site, but if a low limit grinder can figure out in five seconds what a bad idea this is, why can’t the people running WPEX?
This amounts to a land based casino giving comps to players who play at other casinos and asking their own customers to give up part of their comps to cover the cost. Is there anyone working at this site that has ever played online poker?
Just an idea for you guys to consider. Perhaps if you took the 15K and put it into tournaments that are a combo cash and FPP, as a benefit to the people who actually bet and play on your site, then the money would be more likely to end up in your sports book and poker room instead of other sites. After all, these are the players paying the 15K right?
All you guys that say you will play somewhere else, I ask you to reconsider, at least on Tuesdays, Thursdays, and Fridays. I will see you there and hey tell everone at FT and PS to join us as well. See you at the tournaments.

[/ QUOTE ]

This post is pretty retarded

[SenorBeef]

[ QUOTE ]

What some of you don't seem to get is that the poker segment of WSEX was started as an add-on to their sportsbook business. By offering "rake-free" poker they hoped to increase traffic with additional revenues being realized via the sportsbook. The poker segment was not really started as a stand-alone , for-profit venture as some of you assume (and I think Fred has mentioned this). By reducing the amount of rake-back to the players it seems they are now going to try to inject some of the rake revenue back into the poker segment in hopes of growing it.

[/ QUOTE ]

Something that seems to be overlooked is that they have a viable method of earning a profit that they seem to hide (the "how we can do this" page certainly makes no mention of this) - they're holding on to hundreds of thousands, if not millions of dollars in their accounts while they're being used on the site, generating interest on it. I'm not sure how much profit this actually is, or how much it costs to run the site, but I'm guessing a rake-free site could profit alone on this. And yet this is never discussed, and it's almost like poker sites shamefully hide the extra profit they make from this.

Anyway - you should really, really make an exception to this for people who play extremely short handed. I enjoy heads up, 3, and 4 handed play. I'll often leave a table once it fills up and go start a new game. I'm a great customer - doing the game starting job a shill would do, and I'm doing it for free. Problem is - this process costs me more in rake. Since WSEX was rake free, we both benefitted - I help create games, you let me play shorthanded without feeling the disproportionately punishing rake. This changes those conditions, and I'm going to have to seriously rethink playing short handed and creating games because of this change.

Make tables with 4 players or less still give 100% rakeback, or (probably easier to implement) change your rake structure to be very, very low when there are 4 players or less.