View Full Version : Party's 10%
Party takes 10% of the jackpot when hit. I think this is ridiculous. They already get their rake. I don't think it costs them tens of thousands of dollars for their servers to do this jackpot. Thoughts?
BusterStacks
12-24-2004, 06:14 AM
yea... i mean [censored] if you only get $270,000 what's the point?
Bytestream
12-24-2004, 06:20 AM
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yea... i mean [censored] if you only get $270,000 what's the point?
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Exactly why Party takes 10%. And quite frankly, I am suprised its not 20%... "I mean, if you only get 240k, whats the point"....
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yea... i mean [censored] if you only get $270,000 what's the point?
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Exactly why Party takes 10%. And quite frankly, I am suprised its not 20%... "I mean, if you only get 240k, whats the point"....
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I dunno about you guys, but 15k is a lot to me
rusty JEDI
12-24-2004, 06:24 AM
look at how fast that $1 reel spins, and everytime you see a "0" it goes in party's pocket
rJ
Bytestream
12-24-2004, 06:24 AM
/images/graemlins/confused.gif
apparantly its too late for sarcasm....
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look at how fast that $1 reel spins, and everytime you see a "0" it goes in party's pocket
rJ
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lol, was that you who said that on the BBJ table? I think I was on/ am on your table
Etric
12-24-2004, 07:46 AM
You get even less than 270k - it is split up among the winner/loser/other players in the game
Losing all
12-24-2004, 07:51 AM
It doesn't cost them $30 to run a 30+3 sng either. It's called profit, and I can't think of any other reason to open an internet poker site.
Not saying that I don't think the rake is too high, but their target audience doesn't seem to mind.
ncboiler
12-24-2004, 02:24 PM
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Party takes 10% of the jackpot when hit. I think this is ridiculous. They already get their rake. I don't think it costs them tens of thousands of dollars for their servers to do this jackpot. Thoughts?
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Simple solution: Don't play.
Luv2DriveTT
12-24-2004, 03:02 PM
I had no idea. They should not be taking a rake then, this is all rather shady...
TT /images/graemlins/club.gif
DBowling
12-24-2004, 04:34 PM
This is standard procedure in a B&M casino. Nobody complains at the B&M because they like the jackpot. Thats why they do it at party. Because they can. And there will be enough people who wont notice or wont care that it can be done successfully
emonrad87
12-24-2004, 05:05 PM
Why is it that people think that just because internet card rooms are a little cheaper to run that they shouldnt take a rake?? The fact is they're still much cheaper than B&M card rooms. If you dont like it that they want to make money on their games than maybe you should move to a communist country where NO ONE makes any money.
BWebb
12-24-2004, 05:11 PM
It is a lot of money, but I think you have to compare it to other poker suppliers (cardrooms, internet, etc.) Not sure about other online places, but the local cardroom here drops a dollar for every hand dealt (no flop necessary) on all hands from 2-4 to 6-12. It's not big, but I would guess that's an average of 5-8 games on a weekday. The jackpot goes up $1,000 a day. If you take just 5 tables, a real low estimate of 20 hands dealt an hour on each table, you are looking at $2,880 coming off the table everyday, at least. They do start the jackpot (4 of a kind or better beat) at $20,000 when it hits, but that is still way to much.
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Why is it that people think that just because internet card rooms are a little cheaper to run that they shouldnt take a rake??
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I'm all for them taking rake. However, rake and party's cut of the jackpot are totally different. I was saying the cut is too high
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They should not be taking a rake then, this is all rather shady...
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as I've said in another reply, rake and party's 10% cut are totally different entities. I have no problem with paying rake, but a 10% 'operating/distributing' cost seems steep
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You get even less than 270k - it is split up among the winner/loser/other players in the game
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However, with a 300k jackpot, a 10% decrease yields 15k less to the "loser"
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You get even less than 270k - it is split up among the winner/loser/other players in the game
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However, with a 300k jackpot, a 10% decrease yields 15k less to the "loser" as I mentioned
gabyyyyy
12-24-2004, 09:33 PM
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This is standard procedure in a B&M casino. Nobody complains at the B&M because they like the jackpot. Thats why they do it at party. Because they can. And there will be enough people who wont notice or wont care that it can be done successfully
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No card room that I am aware of collects a drop and takes 10 percent as a fee from the jackpot.
Party is ripping off their customers and you idiots are defending them.
BradleyT
12-24-2004, 10:42 PM
We've had this discussion before.
If anyone thinks party only takes 10% they're foolish.
hint - look at the rollover wording.
teddyFBI
12-24-2004, 10:58 PM
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We've had this discussion before.
If anyone thinks party only takes 10% they're foolish.
hint - look at the rollover wording.
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Correct. They flat-out 'steal' 10% for themselves and reseed with 20% (which is why the next jackpot started so high after the $350G was hit)...so they're effectively stealing another 10% of that 20% too (another 2%) plus another 10% of that 2% (.2% of the original). You could solve the mathematical limit for that function...i think it would be about 12.5% at any one moment in time
emonrad87
12-24-2004, 11:21 PM
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We've had this discussion before.
If anyone thinks party only takes 10% they're foolish.
hint - look at the rollover wording.
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Correct. They flat-out 'steal' 10% for themselves and reseed with 20% (which is why the next jackpot started so high after the $350G was hit)...so they're effectively stealing another 10% of that 20% too (another 2%) plus another 10% of that 2% (.2% of the original). You could solve the mathematical limit for that function...i think it would be about 12.5% at any one moment in time
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But who really cares? Just play the non jackpot tables. The jackpot is like hitting the lottery anyway, and if you hit it I really don't think you're going to be worried about the fraction that Party keeps. If it was really that bad no one would play it and they would change.
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The jackpot is like hitting the lottery anyway, and if you hit it I really don't think you're going to be worried about the fraction that Party keeps. If it was really that bad no one would play it and they would change.
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Yeah, the same way people all stopped buying lottery tickets and playing keno.
daryn
12-24-2004, 11:40 PM
i didn't read all posts but i hope someone intelligent appeared in the thread to say the following:
they can do whatever they want. you still play don't you? they have no incentive to change their policies at the present moment. it's not "unfair".
if you don't like it, don't play there. or just don't play at the bad beat tables.
i for one, will continue to play. it's just too much money.
JGalt
12-24-2004, 11:55 PM
Party benefits from this more ways then just getting there 10%+/-. How many people do you think stayed on longer playing cause the jackpot was high. How many more people played when they really weren't going too. Not only do they take their cut from the jackpot but the jackpot creates more play, meaning more money, meaning more of a cut. What a wonderful cycle, advertising that pays you. /images/graemlins/smirk.gif
DBowling
12-25-2004, 09:39 AM
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No card room that I am aware of collects a drop and takes 10 percent as a fee from the jackpot.
Party is ripping off their customers and you idiots are defending them.
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Commerce rakes $3 per hand and collects an additional $1 per hand into the BBJ (this is at the 100nl game). They take a % of the BBJ drop, which i believe comes out to 2-5$ per table, per hour. This is about 10% of the amount that is collected exclusively for the BBJ. This is their "handling fee".
I am not defending party poker. I think they are ripping customers off by double dipping in this manner and also in the steps tournaments. However i do not participate in these promotions. I dont even play on partypoker, always opting for a skin (because of rakeback). If you had a solution that is more proactive, id love to hear it.
MicroBob
12-25-2004, 09:44 AM
I don't really know....but I thought it was common procedure for B&M's to keep a similar percentage of the BBJ.
I'm not sure if the $$ amount listed on the board at the B&M is before or after they have taken their 10% cut though.
itsmarty
12-25-2004, 11:15 AM
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Commerce rakes $3 per hand and collects an additional $1 per hand into the BBJ (this is at the 100nl game). They take a % of the BBJ drop, which i believe comes out to 2-5$ per table, per hour.
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Tons of card rooms take a % from the jackpot drop. The poster you're replying to is famously uninformed.
Party's setup is actually better than B&M jackpot situations, because you have a choice of whether to play on the tables with a drop or not.
Martin
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