Kudos to Karim for calling it like it is.
Wilkins said: “These days networks like iPoker, Entraction, Boss and Microgaming will seemingly give an online skin to anyone with a few hundred dollars and a small database of players. And it’s a majority of these skins that are cannibalising existing network traffic, by contacting players through player chat at the tables and so forth in order to poach them across for higher rakeback”.
That’s almost exactly what I was saying in my previous post.
Rakeback [what is rakeback?] isn’t a big problem for a stand-alone room because they can decide whether or not to offer it. If they choose wrong then it’s on them.
But when you get into a network scenario, things get more complicated. Wilkins is right. Anybody with some cash can open up a poker room on a network even if his name is IPlan OnOffering Rakeback.” And as Wilkins implies, within the industry we all know who is doing shady deals under the table. The players tend to send in the emails and ask for their current room to match the deal being offered before they leave.
The fact that the networks aren’t cracking down on rouge licensees shouldn’t be a rallying call for the industry to reject rakeback. It has very little to do with rakeback. It’s about stealing players unfairly. It’s about all the licensees on a network agreeing to a set of rules put forth by the network operator and then some licensees going off and violating the rules while the network operator looks the other way.
Rakeback is really no different than a loyalty program that allows players to take cash for points. Even PartyPoker announced that that their new loyalty program was equivalent to 40% rakeback. And that’s a H-U-G-E change for Party where even saying the word rakeback would get you dirty looks in the office.
Instead of Mr. Marcus calling for the banning of rakeback he should be calling for network operators and network licensees to come up with a viable plan. For instance, why don’t they do split rev sharing on a player who moves from Room A to Room B? If Room B steals the player from Room A but has to split the earnings from the player 50/50 he won’t be able to make a profit. But if the player migrated there himself, 50% is better than nothing.
Network operators and licensees really need to get their act together because if they keep blaming rakeback and ignoring the real problems then they’re going to lose focus of where the industry is going and will soon find themselves unable to compete.
Related posts:
- William Hill Sounds Off On Rakeback There was a recent article in eGaming Review quoting...
- Foot, Meet Mouth. Mouth, Meet Foot. – Or Mr. Marcus Backpeddles Well, no sooner had I finished posting about William...
- The Week That Was July 6 – July 13 A very interesting week. WSOP well into the grind...
- eGaming Review – August Rakeback Edition I think I mentioned previously that I had done...
- eGaming Review Aug Edition If you’ve gone over to the eGaming Review site to...
| Site | Rackback | Sign Up Bonus | US |
| Absolute Poker | 30% | 150% up to $500 |  |
| Ultimate Bet | 30% | 111% up to $1100 | |
| Cake Poker | 33% | 110% up to $600 | |
| PKR Poker | 30% | 100% up to $800 | |
| Paradise Poker | 30% | 200% up to €1,000 | |
| Players Only | 33% | 100% up to $650 | |
| Fortune Poker | 30% | 200% up to €1,000 | |
| Betfair | 30% | $1500 | |
| Aced | 30% | 100% up to $500 | |
| Virgin Poker | 30% | 100% up to £300 | |
| Poker Heaven | 30% | 200% up to €1000 | |
| Poker Nordica | 30% | 100% up to $200 | |
| Carbon Poker | 30% | 150% up to $1000 | |
| Red Star Poker | 33% | 110% up to $600 | |
| True Poker | 27% | 100% up to $200 | |
| Action Poker | 35% | 100% up to $2500 | |
| Cellsino Poker | 40% | 500% up to $500 | |
| Minted Poker | 40% | 100% up to $400 | |
| Power Poker | 33% | 110% up to $600 | |
| Interpoker | 30% | 200% up to €1000 | |
| Doyles Room | 33% | 110% up to $600 | |
| Gutshot Poker | 33% | 110% up to $600 | |
| Full Tilt Poker | 27% | 100% up to $600 | |
| Fat Bet Poker | 40% | 1000% up to €500 | |
| NoiQ Poker | 30% | 100% up to €5000 |
| Site | Rake Race | Rake Chase | Freeroll |
|---|---|---|---|
| Doyle's Room | $35,000 | ||
| Cereus Poker Network* | $7,500 | $10,000 | $10,000** |
| Cake Poker | $60,000 | ||
| Party Poker*** | $50,000 | ||
| Red Star | $23,000 | ||
| Eurobet*** | $21,000 | ||
| Players Only | $16,400 | ||
| Tower Gaming*** | $15,000 | ||
| Full Tilt Poker | $10,000 | ||
| Carbon Poker | $12,000 | ||
| Betfair Poker | $12,000 | ||
| Boss Media Network**** | $5,000 | ||
| Cellsino Poker | $5,000 | ||
| Power Poker | $5,000 | ||
| Poker Nordica | $5,000 | ||
| NoIQ | €1,500 |
* Absolute Poker and Ultimate Bet (UB) ** May not be available to all players *** Poker Heaven, Fortune Poker, InterPoker, Paradise Poker
Hi, my name is Bill Rini and this is my poker blog. I've been blogging about poker and the poker industry since around 2003-ish. Like most people I started out playing poker as entertainment in home games whenever we wanted to sit around and smoke cigars, drink beer, and eat pizza, and needed a good excuse. I started playing online shortly after the first online card rooms opened and it wasn't long before I was playing 20, 30, or even 40 hours a week or more. One day I received a phone call about a program manager position at Tiltware which was the company that consulted to Full Tilt Poker on software development and marketing. After Tiltware I spent about 2.5 years working at Party Poker where I was the poker room manager.
{ 0 comments… add one now }