I don't know where to post it so I gonna do it here.
1. Acquiring Fulltilt.
To buy Fulltilt Poker was a huge mistake in my opinion because the brand was noway near worth the money stars had to pay.
When it comes to software and knowledge, Pokerstar was superior to FTP.
When it comes to the brand name it was completely worthless after the scandal and was more damaging than beneficial.
When it comes to the player pool most people would switch to Pokerstars anyway or leave FTP.
Also many viewed it as FTP is Pokerstars now and not like two separate poker rooms, it was not like they got new customers they wouldn't get anyway.
On the other side you can argue this way Pokerstars helped the image of online poker by not allowing the players to make a bad experience with it in the way that their money is lost.
But also the provider and executives responsible for it got away unpunished.
What also sends the wrong message, now people don't trust online poker either because they see that a provider can act shady and will get away with it.
How can you trust a online provider to do the right thing if there are no consequences for them if they behave wrong, exploit their customers and also get rewarded on top of that ?
2. Coping the partygaming business model
PartyPoker was the first site that added gambling into their business model with providing Sportsbet and Casino Games, what totally threw them out of their initial business and damaged them economically and their brand.
I don't know why pokerstars copied their mistake.
Why would the top player in the game of online poker copy the business model of a provider that is less successful and shoot himself in the foot with it.
3. Protecting weak players
Simply said nobody is going to desire to play online poker if more and more people are losing money.
If you protect bad players the result is just going to be that less profit will be made by the better players.
Which will just result into more people are going to lose money and less people will make a good profit.
What will result in a bad PR and less people depositing.
The major key to get people to deposit money are regular winning players.
Because they gonna tell their friends or other people in general and they want to try it too, that's the way I got into poker and I think it is the way that the most people into poker.
But if almost everybody is going to tell you how they lost money or even worse how rigged the game is, pretty much nobody will make a deposit.
Also it makes no sense and it is practical impossible to try to make bad players go broke slower.
- If someone wants just to play without winning then they won't increase their stakes and maybe even go play for play money.
People play for cash because they want to win not just to play poker, if they just want to play poker why would they be willing to pay rake and not just play on facebook or other sides/apps just for play money ?
- Also it makes no real difference if you lose faster or slower, losing is losing.
And if the games get slowed down and to slow for them what will protect them from going up to higher stakes and go broke faster again ? The main issue when it comes to going broke to fast is bankroll management not to hard games.
But on the other side you will get more variance, more rake and less edge for everybody.
What just ruins the principle of making it a game of skill for the majority of players.
If someone is better than somebody else but they don't beat the rake or significantly beat the rake it turns into pure gambling.
Then it's not really poker anymore because it misses the skill factor and having an edge if you play a certain strategy.
People play poker because of the challenge and not just to gamble, that is the key element of it and what separates it from the rest of the casino games.
If you take that out of the equation you just got another casino game and why would you need that if you already got enough ways to just gamble.
My key advice for Pokerstars would be just go back to the roots.
Before the pokerboom Pokerstars was handling its business quite well and made a lot of money why not profit for those experience in a declining poker market.
And if they want to evolve into new markets then why not do it separate form the poker brand.
Create a new company, do it under a new name and separate those two so you won't damage what you already got.
Because that is how I feel right now.
Pokerstars is trying something new but is destroying its online poker branch with it.
And it's sad because they had a good thing going.
mar0Member Since 16 Feb 2017
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06 Jul 2017 - 13:36