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Party revenues
Oct. 15th, 2009 09:00 amAs I noted here a few months ago, times are good in the rakeback world for poker players. Party's regulatory release this morning confirmed that bonus costs had gone up from 20% of gross revenue to 25% -- for which, read, 25% rakeback.
It's both better and worse than that. Most players don't play that much and, the more you play, the more you earn both in absolute and relative terms. Even moreth goes to those that hatheth. Once you clock up an average of 20k hands a month at $1-$2 NL (my own estimate) on Party, you hit a rakeback level not far short of 40%. However, affiliates rake off a slice of the headline number, so if you are a player getting an "average" rakeback, I'd guess it would be about 20%.
That's still one hell of a lot better than it was 18 months ago.
Only 888 Holdings, a site that survives solely because it has more fish than elsewhere, decided to actually go in the opposite direction, and to reduce rakeback by cutting out all affiliates and instituting its own pile of shit that comes in at about 18%. The software continues to be massively irritating, although not as bad as the old Boss Media. Reviews on PokerScout are typically withering.
Incidentally, while looking through some of the small sites on PokerScout, I was sure that one of them was using the old Paradise Poker software (who can forget the cocktail tables and the menu??!!). To be frank, this software remains above average, even though no work has been done on it in about six years. If I find the site again, I might just put some money in and play on it for old-times-sake.
I played my guaranteed 'D' game last night and got deservedly spanked. I shall attribute my $600 loss (which should have been about a grand and could easily have been $1,500) to research and development. I eight-tabled on Stars and played rather more loose-passively than usual (looking to use position and take the pot away from guys who were looking to nick lots of small pots, but bottled it after you called the flop and/or turn). It didn't work, but I did learn a few things for future reference. Then again, perhaps I was just unlucky, and the moments I chose to make a move just turned out to be those when opponent had a crusher.
And nights like these are good in making you refocus and stop assuming that "winning is easy". I might still lose tonight. I might run bad. But at least I won't be overconfident.
More insomnia last night but (good sign) I managed to get back to sleep relatively speedily. My head's still full of shit and it won't stop whirring, but I made a better fist of tring last night than I had managed the night before.
____________________
It's both better and worse than that. Most players don't play that much and, the more you play, the more you earn both in absolute and relative terms. Even moreth goes to those that hatheth. Once you clock up an average of 20k hands a month at $1-$2 NL (my own estimate) on Party, you hit a rakeback level not far short of 40%. However, affiliates rake off a slice of the headline number, so if you are a player getting an "average" rakeback, I'd guess it would be about 20%.
That's still one hell of a lot better than it was 18 months ago.
Only 888 Holdings, a site that survives solely because it has more fish than elsewhere, decided to actually go in the opposite direction, and to reduce rakeback by cutting out all affiliates and instituting its own pile of shit that comes in at about 18%. The software continues to be massively irritating, although not as bad as the old Boss Media. Reviews on PokerScout are typically withering.
Incidentally, while looking through some of the small sites on PokerScout, I was sure that one of them was using the old Paradise Poker software (who can forget the cocktail tables and the menu??!!). To be frank, this software remains above average, even though no work has been done on it in about six years. If I find the site again, I might just put some money in and play on it for old-times-sake.
I played my guaranteed 'D' game last night and got deservedly spanked. I shall attribute my $600 loss (which should have been about a grand and could easily have been $1,500) to research and development. I eight-tabled on Stars and played rather more loose-passively than usual (looking to use position and take the pot away from guys who were looking to nick lots of small pots, but bottled it after you called the flop and/or turn). It didn't work, but I did learn a few things for future reference. Then again, perhaps I was just unlucky, and the moments I chose to make a move just turned out to be those when opponent had a crusher.
And nights like these are good in making you refocus and stop assuming that "winning is easy". I might still lose tonight. I might run bad. But at least I won't be overconfident.
More insomnia last night but (good sign) I managed to get back to sleep relatively speedily. My head's still full of shit and it won't stop whirring, but I made a better fist of tring last night than I had managed the night before.
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