GrindingAway 0 Posted May 23, 2006 Share Posted May 23, 2006 If you haven't already read cardplayers article on the No Rake site, You should - I've only had a couple of sessions there so far - so I'm sure when I log a couple of losers It'll be a little less rosy but so far it's AWESOME - I play 2/4 tight / agressive & generally log 300-500+ hand sessions 6 -8 times per week , single table - been playing on the same $500 bankroll at pp for two months up / down ($50-100) depending. - My first session in no rake land gave me a $75 win at the table & they've already deposited $49 in rake back into my account - Last night I'm up $120 at the table & my rake account has $39 in it - They return the rake to you on Mondays ... So far it's nice that they've only got four to six 2/4 tables because people seem to be sitting with more $$ and staying longer / you get fewer dunces coming in w/ $10 & trying to make some quick hits - - - I certainly won't be playing any cash games anywhere else - I can see the WSOP & special "protoge" type tourneys / & I have had some recent success at the 5 tbl tourneys , but I don't know why anyone would play a ring game anywhere else ?I can see an extra $150 - $200 per week going to my bottom line with this The people running this site are fighting the good fight to keep internet poker alive - see the article Has anyone else tried the site ? - Why aren't more people playing there ? Link to post Share on other sites
telefonlur 0 Posted May 23, 2006 Share Posted May 23, 2006 I'm like everyone else; I'll wait til' the site has more players and fishier players in particular. Link to post Share on other sites
GrindingAway 0 Posted May 23, 2006 Author Share Posted May 23, 2006 I'm like everyone else; I'll wait til' the site has more players and fishier players in particular.Yeah, much better to let the house keep taking a cut out of ALL my play ... WOW - guess I'm just stupid - I'd be the only one standing alone in the casino that opened, who's games didn't have an edge for the house - everyone else would be playing at the casino next door with all the fish ... AMAZING ! Link to post Share on other sites
MasterLJ 0 Posted May 23, 2006 Share Posted May 23, 2006 I guess this is a stupid question, but how do they afford not having rake?My buddy and I came up with an idea a few years back to offer an internet site with a monthly subscription that would depend on what stakes you want to play. The key here is making it easy for players to modify their subscription rate to play whatever stakes they want. But anyway, I'm a lazy dude with good ideas so anyone feel free to implement this if you wish. Link to post Share on other sites
GrindingAway 0 Posted May 23, 2006 Author Share Posted May 23, 2006 Yeah, Dutch Boyd has been touting No Rake for a couple of years now. They are the poker room for a big sports book. My feeling is that they won't be making Zero Dollars on this , just a lot less than those taking a rake - When's the last time a poker site paid you interest on the $$ you have sitting in your account ??? The amount of Money deposited at some of the big sites must be staggering with 70 - 80,000 people playing at some sites at times - I'm guessing there must be a little profit in getting interest on those deposits. Between that and the chance that the poker players will use their sports book, the company figures it's worth it. One things for sure , right now My Poker account is looking a lot more profitable due to getting my rake back ... I'll let you know if it stays that way ... Link to post Share on other sites
MasterLJ 0 Posted May 23, 2006 Share Posted May 23, 2006 Yeah, Dutch Boyd has been touting No Rake for a couple of years now. They are the poker room for a big sports book. My feeling is that they won't be making Zero Dollars on this , just a lot less than those taking a rake - When's the last time a poker site paid you interest on the $$ you have sitting in your account ??? The amount of Money deposited at some of the big sites must be staggering with 70 - 80,000 people playing at some sites at times - I'm guessing there must be a little profit in getting interest on those deposits. Between that and the chance that the poker players will use their sports book, the company figures it's worth it. One things for sure , right now My Poker account is looking a lot more profitable due to getting my rake back ... I'll let you know if it stays that way ...Oh shnaps, that's pure genious.If they are paying you interest, it looks like they are using your money for banking/loans/etc. That's probably one of the smartest business ideas I've heard in a long long time. Link to post Share on other sites
GrindingAway 0 Posted May 23, 2006 Author Share Posted May 23, 2006 well, what I meant is that the poker site is getting interest on the $ the players have in their poker accounts ... - in response to your question about how they can function without a rake ... Link to post Share on other sites
MasterLJ 0 Posted May 23, 2006 Share Posted May 23, 2006 well, what I meant is that the poker site is getting interest on the $ the players have in their poker accounts ... - in response to your question about how they can function without a rake ...Ooo, I see what you are saying.Opening a poker site would be an awesome way to start a hedge fund. The EULA would have to be pretty attorney-tastic though. Link to post Share on other sites
No_Neck 0 Posted May 23, 2006 Share Posted May 23, 2006 you need enough more for ads on TV, if the rake fee places could do it they might just change online poker. Link to post Share on other sites
ahosang 0 Posted May 23, 2006 Share Posted May 23, 2006 People, I've been playing at WPEX since the 100% rakeback began.Many people were holding back, waiting for more fish etc. In the last few days, the number of players, as well as the fishiness has risen. This site has been well talked about at 2+2, hence why the play was tight. But I can see that slowly changing. The casual players are drifting in, and some of the 2+2er's aren't that good.As for the MO, well WSEX(the parent company) is a large online sportsbook, and are offering no-rake poker in an attempt to lure some more business to the sportsbook. They are massive(so your money should b safe) and an online search should satisfy you regarding that.They do pay 100% rakeback weekly, and it's GREAT!! Link to post Share on other sites
GrindingAway 0 Posted May 23, 2006 Author Share Posted May 23, 2006 More FCP'rs on the subject http://www.fullcontactpoker.com/poker-foru...showtopic=61024 Link to post Share on other sites
GrindingAway 0 Posted May 23, 2006 Author Share Posted May 23, 2006 Here's the cardplayer story on this company and their owners :http://www.cardplayer.com/poker_magazine/archives/showarticle.php?a_id=15446&m_id=65589 Link to post Share on other sites
hblask 1 Posted May 23, 2006 Share Posted May 23, 2006 First, I think you work for them. Little too enthusiastic to be a customer. That makes this spam.Second, I signed up for an account, and their interface is very amateur. Is there a way to find out the payout structure for MTT and SnGs? I couldn't find it if there is.Does a bad interface negate a good deal? I'm not sure. I may try it to see, but if the competition is tough it may offset the no-rake structure, since I suck at poker. Link to post Share on other sites
CobaltBlue 662 Posted May 23, 2006 Share Posted May 23, 2006 I guess this is a stupid question, but how do they afford not having rake?It's not that they don't take a rake. They do...they just happen to pay it back at the end of the week. So essentially, they're "floating" all that money. If that "float" is big enough, they can earn a lot of interest. Basically, you're loaning them money for a week. Link to post Share on other sites
GrindingAway 0 Posted May 23, 2006 Author Share Posted May 23, 2006 First, I think you work for them. Little too enthusiastic to be a customer. That makes this spam.Second, I signed up for an account, and their interface is very amateur. Is there a way to find out the payout structure for MTT and SnGs? I couldn't find it if there is.Does a bad interface negate a good deal? I'm not sure. I may try it to see, but if the competition is tough it may offset the no-rake structure, since I suck at poker.Exactly , I'm a plant for the company - Great , You caught me - Obviously playing a casino game with no house edge is nothing to get excited about - I'm just a moron, plant, shill ... Come on! Hopefully lots more people wise up & this site gets busier - no not the best technology / hand histories have to be E-mailed , some bugs but MAN no House Edge .... It's the real deal / more people should be playing there and not giving their money away to some poker site - - -- don't know about the payout structure on the mtt's & sng/s or the interface but I hope you have a good time & success there ... Good Luck Link to post Share on other sites
FatBurger 0 Posted May 23, 2006 Share Posted May 23, 2006 Yeah, much better to let the house keep taking a cut out of ALL my play ...So you'd rather (hypothetically) make $100/week more from your rakeback than $500/week more from worse and more players? Link to post Share on other sites
GrindingAway 0 Posted May 24, 2006 Author Share Posted May 24, 2006 So you'd rather (hypothetically) make $100/week more from your rakeback than $500/week more from worse and more players?Why does it have to be either or - - - So far I've been able to win against players that are not as good as me ( & get my share of luck against those who are better ) AND I'm getting my rake back ... {actually $150 down as I write this , but that could change } Hey, Don't take advantage of it - no matter to me. Just amazes me that more people aren't there .... When I play at my local card room here in Tampa - That Fills 50 tables a night & is home of the WORST Structure / play & Even WORSE rake , all people complain about is the high rake and having to tip the dealers. - A no rake poker room is out there and only 1,400 people use it ... I'm just Amazed but ...I'm AMAZED AND Getting 100% of my rake back ...Peace. Link to post Share on other sites
GrindingAway 0 Posted May 24, 2006 Author Share Posted May 24, 2006 Plus - the tables are juicy ... i'm at a 2/4 with $1,300 on the talbe / there's a 3/6 with $2,500 on the table ... check some of the tables at some other sites to see how that comprares ...Anyway , I'm tired of hearing me Blab about this so I'm sure you are ... Flame away ... Seacrest - Out . Link to post Share on other sites
GrindingAway 0 Posted May 24, 2006 Author Share Posted May 24, 2006 QUOTE(GrindingAway @ Tuesday, May 23rd, 2006, 6:27 PM) I can't understand why more people aren't there. I just started playing there - 2/4 limit holdem - See my post under General Strategy forum - I'm averaging $40 rake back per session - I usually play 400 - 600 hands per session single table ..Why would you play a ring game and give the house a cut if you didn't have to. Thanks to WPX you don't have to now.Yes - much lower number of people / tables - only 4 to 6 2/4 tables when I've been on but hopefully I'll play more & so will others. & yes, right now nothing but holdem - they offer other games but noone is in them ... I'm astonished that people are still paying a rake when they don't have to I'll play all of my cash / ring games there - Hope lots of people join me.From : ahosang on another thread : GrindingAway, I've been suggesting this site for weeks now, and all i hear is the same thing about poor quality game selection etc.Truth is, the games are getting better and better. And most don't realise just how lucrative 100% rakeback is... Got my A$$ handed to me on a 2/4 table where a guy was just betting into every big pot / capping with nothing and Catching AMAZING cards , but I see that happen everywhere - What was real cool is that I jumped into a 3/6 game that had $3,000 on the table *** THREE THOUSAND DOLLARS *** and I made $250 in 3hours - one of my best on line limit sessions ever ...(& oh yeah, $40 more in my rake account that I'll get back on monday - Cha Ching ) Maybee I'm just the fish everyone is waiting to show up at that site, but I'm LOVING IT ... Link to post Share on other sites
FatBurger 0 Posted May 24, 2006 Share Posted May 24, 2006 Why does it have to be either or - - - So far I've been able to win against players that are not as good as me ( & get my share of luck against those who are better ) AND I'm getting my rake back ...If that's the case, then great. I'm just commenting that usually it seems like you can get more money from a slightly softer table than by getting your rake back. Link to post Share on other sites
GrindingAway 0 Posted May 24, 2006 Author Share Posted May 24, 2006 If that's the case, then great. I'm just commenting that usually it seems like you can get more money from a slightly softer table than by getting your rake back. FatBurger - thanks for contributing to the discussion.I simply can't believe that more people aren't playing in a place where the house has no edge - The reason the Venetian / Bellagio / Wynn et al. are so magnificent is the house edge - Steve Wynn wouldn't open his doors without a house edge. Here's a place willing to give up the house edge and people are not flocking to it - No Rake is HUGE $$ back to the poker players of all skill levels - shouldn't be any debate over playing softer players vs. getting your rake back - I just must be missing something. Count the # of tables at pp multiply that by the rake they're getting per hand / per hour / per day & contemplate the amount of $ that could be given back to the players to play poker with - I know some of the tricky poker tracking software probably doesn't work there but come on ...This place should be Jammed. I don't understand. Link to post Share on other sites
Abbaddabba 0 Posted May 24, 2006 Share Posted May 24, 2006 Why does it have to be either or - - - So far I've been able to win against players that are not as good as me ( & get my share of luck against those who are better ) AND I'm getting my rake back ... {actually $150 down as I write this , but that could change } Hey, Don't take advantage of it - no matter to me. Just amazes me that more people aren't there .... When I play at my local card room here in Tampa - That Fills 50 tables a night & is home of the WORST Structure / play & Even WORSE rake , all people complain about is the high rake and having to tip the dealers. - A no rake poker room is out there and only 1,400 people use it ... I'm just Amazed but ...I'm AMAZED AND Getting 100% of my rake back ...There are a few sites that offer comparable benefits for high volume players - and they often have easier tables.32% rakeback, bonus clearing that equates to roughly 50% rakeback that are always available, player reward points that equate to 8% rakeback through 24% rakeback depending on what level you are (vip, platnum, elite).Im basing the value of the reward points on resale value of the items that can be purchased. Plus you get monthly gifts from the site, including a free buy-in to the 100k guaranteed (worth 150+12), a 10k guaranteed (worth 30+3), a nice chipset once you reach elite status, tickets to local events and other random stuff.I'd rather have the cash paid weekly, but the absolute tables are noticably easier. Link to post Share on other sites
ricker 0 Posted May 24, 2006 Share Posted May 24, 2006 I tried it out and liked WPEX a lot. But I'm an FCP whore so my money's sitting there for now. Link to post Share on other sites
ahosang 0 Posted May 24, 2006 Share Posted May 24, 2006 GrindingAway, the reason it's not jammed yet is because marketing has yet to work.Party is not the best site(software, etc), but it has the most players due to marketing success. Stars is well marketed too.WPEX just appeals to the relatively shrewd player right now, and that means generally good players. Most people aren't really up to the standard of play, so will not risk their bankrolls there, which is understandable.A poker site need to be filled carefully across the levels. Fish are needed as well as grinders(who keep games going and start games). WPEX doesn't have enough fish yet, but when they do, it'll be flooded with players. But attracting fish is more difficult than attracting nits... Link to post Share on other sites
GrindingAway 0 Posted May 24, 2006 Author Share Posted May 24, 2006 Exactly ! - I know what a huge marketing push Party Poker / BoDog / mansion with there PokerDome show on fx and others are putting on I have faith that people will figure out what a good deal this is - Heck a losing player gets $$ back next Monday - so, definately a better place to throw away your $$ too if you've been doing that ... From what I've seen so far the fish are swimmin' there now. zzzzzzzzzzzzzzzzzzzz Plunk ( me casting ) Link to post Share on other sites
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