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#21
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well to op, your probably playing the worst stake possible for this promotion 2/4 6 max. Switch to even full and that 8 dollars should decrease. Im not saying it still sucks but its just like playing on a jackpot table now and not as devastating at full since your not winning as many pots.
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#22
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[ QUOTE ]
[ QUOTE ] [ QUOTE ] I just vomited in my mouth. [/ QUOTE ] Now imagine what its like at .5/1 NL or 1/2 NL.. [/ QUOTE ] I just vomited in somebody else's mouth. [img]/images/graemlins/crazy.gif[/img] [/ QUOTE ] the japanese are into that sorta thing. |
#23
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They aren't cannabalizing anything. By doing this they get to keep basically every dollar deposited onto their site, since the winning players drag a few pots here and there, the sites lose this money from their potential revenues.
Suppose for example that Site A has 10 losing players playing together. They will gamble with each other and some will have winning days and some are just going to start out losing, but since they are all gambling addicts they'll eventually play until the money they have deposited is gone. Then they will redeposit and continue playing. With the rake, the site eventually collects all the money. If they each deposit $100, eventually the site makes $1000. Comparing this to a group of 10 players where 2 are winners, if they each deposit $100, and the two winners each make $50 off of the losing players, the site will only collect $700. |
#24
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[ QUOTE ] Party doesn't want winning players to play on its site. It wants to completely break every fish it signs up. I am surprised they didn't come up with the monster plan sooner. For every winning player who takes money out of the poker economy, Party loses. Fish may win one day or two, but over the long haul the money just changes hands around so that they all just end up losing to the rake. Having a higher rake or Monster program achieves two goals. 1. They collect more rake. 2. They drive winning players away, keeping the fish ratio higher so that the money eventually just winds up getting eaten up by the rake as it trades in and out of fish hands. We should all hope that other sites don't realize this and start raking their games even higher. The key problem we should all realize here is that fish lose money, and whether its to the rake or to a winning player, they are not going to recognize the difference. If they did, they would all be playing at WPX. The sites make more money by driving winning players away. They are all incentivized (not just party) to raise their rakes to levels high enough to keep winning players away. Hopefully they don't all follow Party's lead. Scary... [/ QUOTE ] The problem with this approach is that they are cannabilizing their business, sure its great in the short term but it will kill them in the long term. And the long term in this case is not very long. It's a [censored] business strategy and any other site would be crazy to follow their lead if they really want a longterm viable business. [/ QUOTE ] Gotta wonder if they even give a rat's ass about the long term with the potential legislation... |
#25
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If there was 0 rake then the average win rate would be 0.0 PTBB/100 [/ QUOTE ] |
#26
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what about full ring 600nl how much better would that be then 400nl or is it goignto have to be 5-10 to be worthwhile to stay at party. nobody can deny the conveinence of party with there 100 000 players and for those of us with *cough* back
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#27
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well its more worth it at 600 and 1000 obviously, but its still going to be cutting into your winrate by a good $3.75/100 hands. So thats about $18.50/hr extra your going to be paying if you play 500 hands/hr (average for someone 7 tabling).
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#28
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[ QUOTE ] If there was 0 rake then the average win rate would be 0.0 PTBB/100 [/ QUOTE ] [/ QUOTE ] yes but not the median win rate. ahem. |
#29
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What your suggesting is that more new fish are brought in by the monster promotion. I doubt this is the case, mainly because they havent done any advertising about it.
They were advertising the monster all over Vegas. At WSOP, on taxi cabs, the airport and billboards. |
#30
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NL600 6max
MONSTER 4400 hands : avg -2.44 BB/100 before monster 122K hands: avg -2.00 BB/100 |
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