Statement by WSEX_GM - Page 3

Little_Luck · #21 10-05-2006, 09:40 AM

Sorry to de-rail the conversation a little, but would you (WSEX) please find a way for affliates to get involved. That's how party became the giant they were, I don't think any business model can work without it. Give us 95 percent rakeback, even 90 is cool with me.

AncientPC · #22 10-05-2006, 10:00 AM

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Sorry to de-rail the conversation a little, but would you (WSEX) please find a way for affliates to get involved. That's how party became the giant they were, I don't think any business model can work without it. Give us 95 percent rakeback, even 90 is cool with me.

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As opposed to 100% rakeback?

Little_Luck · #23 10-05-2006, 10:09 AM

If the 5 to 10 percent they would take in would go strictly to their advertising budget, such as affliates, then yes, I would be completely happy with 90 vs. 100.

geormiet · #24 10-05-2006, 10:31 AM

as far as I know their business model is that the pokerroom brings in business for the sportsbook. I don't understand how they can be even slightly competitive in terms of advertising or software without charging any rake at all.

Like someone else said, they should really charge a little. I can't see ANYONE complaining. If this is used towards advertising everytone would benefit. Copy dutch boyd's idea...charge a monthly membership, which is taken out in the form of rake at the beginning of each month.

Little_Luck · #25 10-05-2006, 12:14 PM

monthly charge deters fish.

swarm · #26 10-05-2006, 01:04 PM

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monthly charge deters fish.

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Not if it is taken out in the back end through rake. You do understand that WPEX rakes the pots and then reimburses the raked funds at the end of the month. They could easily take a small membership fee out of there with fish being none the wiser and happy as hell they are actually getting money back. You have to remember 90% of the casual players have no idea about rakeback.

WPEX will have to be clever with their US marketing scheme as you can't advertise in the US about rakeback or real money gambling. Is there even a WPEX.net?

Once you get the casual gamer to the website you can blitz them with advertisements about 100% rakeback or "We pay you a monthly salary to play" which will be very attractive lures to keep them there and spread the sites via word of mouth but how to you get the US masses to the doorstep.

surfdoc · #27 10-05-2006, 01:16 PM

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as far as I know their business model is that the pokerroom brings in business for the sportsbook. I don't understand how they can be even slightly competitive in terms of advertising or software without charging any rake at all.

Like someone else said, they should really charge a little. I can't see ANYONE complaining. If this is used towards advertising everytone would benefit. Copy dutch boyd's idea...charge a monthly membership, which is taken out in the form of rake at the beginning of each month.

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I really can't believe that you are pushing for the rake. That is so bizarre. If they need money for software, they should be able to get it from the profits earned from the sportbook as a result of increased traffic. i.e. it pays for itself. If their hitch is to be rakefree and then they go against it, they will seriously screw themselves.

DuderinoAB · #28 10-05-2006, 01:19 PM

Not to mention the fact that low limit players can easily get 100%+ elsewhere with softer games. If you move to 5/10 and beyond, then the 100% is significant, but then the rakeback becomes less significant to overall winrate.

thetruest · #29 10-05-2006, 01:45 PM

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Not to mention the fact that low limit players can easily get 100%+ elsewhere with softer games. If you move to 5/10 and beyond, then the 100% is significant, but then the rakeback becomes less significant to overall winrate.

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umm, exactly where can players go to get 100%+ rakeback? What do you mean it becomes less significant to overall winrate?

What wpex could do is take $30 out of the rake of all players and use that in a form of a monthly fee. They can make this clear in the fine print of their no-rake stuff. Those who don't rake in $30 for the month, it will just be completely free for them. Or they can get charged a % like 10% of whatever they rake (giving them 90% back) until they rake the 'fee'. 100% rake back after the 30$ for each month in all scenarios. Perfect, I could be totally happy with that.

Technically, this is all still rake-free. (they just want their fee; it is not 'fee-free' [img]/images/graemlins/wink.gif[/img]

But he is right if their poker room gets big they are gonna need it generating some form of revenue to support it; build the software, advertise it, run promos, freerolls, etc. It's just not feasibly possible from a business perspective; not everyone's gonna be betting on sports (i could care less about it). Using affiliate systems for marketing, getting the word out, etc. I would settle for 90% easily if it would make them as big as places like Party was. Easily.

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low limit players can easily get 100%+ elsewhere with softer games

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Please don't kid yourself like there are better places out there with a bevy of fish for anyone playing low limits to just goto and get 100% rakeback consistently. On top of the fact that WSEX has been a far better company than something like party since the very beginning, with much more spine.