PokerShare -- opinions?

[RocketManJames]

Anyone heard of PokerShare and their player ownership model? I just read an article on it.

News Article (http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7BFA1A714B%2DB32B %2D4759%2DA0B7%2DD0EA2010576D%7D)

PokerShare "About Us" Link (http://pokershare.com/pages/page2.php)

-RMJ

[dogmeat]

This is an Ultimate Bet skin. Nothing wrong here. Will be interesting to see what (if any) payout is each quarter. FWIW, I joined, and also have an account at Ultimate Bet. When I downloaded the software, my regular UB account came up, but I just entered a new password and account log-in.

Dogmeat /images/graemlins/spade.gif

[stinkypete]

40% of profits is crap. this is almost certainly <20% rakeback. let's say UB takes 30% of the rake you pay, leaving 70% for this site. subtract operating costs, bonuses, etc, and you might have (at best) 50% of the rake you paid left as profit for the site. now take 40% of that... 20% rakeback.

if the userbase is small, which im sure it will be for a long time, the overhead will be large relative to income, so 20% is pretty much a best case scenario.

[ QUOTE ]
This is an Ultimate Bet skin. Nothing wrong here. Will be interesting to see what (if any) payout is each quarter. FWIW, I joined, and also have an account at Ultimate Bet. When I downloaded the software, my regular UB account came up, but I just entered a new password and account log-in.

Dogmeat /images/graemlins/spade.gif

[/ QUOTE ]

DogMeat, this new account will still be an UltimateBet account as you are an UltimateBet Account.

When you sign up yoiu must receive an email with the subject line "PokerShare Validation Code". If you did not then you do not have a PokerShare account.

Please check this thread for more info

http://forumserver.twoplustwo.com/showthreaded.php?Cat=&Number=3163891&page=0&view=c ollapsed&sb=5&o=14&fpart=1

Kind Regards

Max Wright

Poker Room Manager at PokerShare

[arod4276]

what the hell does this mean? im totally lost now..

[poker-penguin]

it means existing UB players are screwed.

Our approach is to forgo pseudo-random number generation wherever possible and instead use true random number generation from proven random physical devices. Our system utilizes thermal noise on a zener diode - shielded to prevent any environmental interference. The characteristics of this device are governed by the laws of quantum physics and are provably non-deterministic. Through the use of true random numbers and our shuffling algorithm (see below), we ensure first that it is impossible to predict the next card coming off the deck, and second that every possible shuffle combination is equally likely, all 8.06581751709439 X 1067 of them or 80,658,175,170,943,900,000, 000,000,000,000,000,000,000, 000,000,000,000,000, 000,000,000,000.

Wierd.

OCW