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#11
06-02-2005, 12:54 PM
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Re: Why is rake so high, and why isn\'t competition driving it down?
[ QUOTE ]
I imagine you could profitably run a site with 1/4 the rake or less, especially if you get massive volume like Party. I imagine you're wrong. [/ QUOTE ] I was with you till this last point. If Party dropped the rake to 25 cents/hand ... they'd still make an ungodly amount of money. Sucks to kill a good post with an absurd parting shot. 
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#13
06-02-2005, 01:01 PM
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Re: Why is rake so high, and why isn\'t competition driving it down?
[ QUOTE ]
Has anyone here even taken econ 101? Please define "barriers to entry". [/ QUOTE ] They are amazingly low for online cardrooms. [img]/images/graemlins/wink.gif[/img]
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#14
06-02-2005, 01:02 PM
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Re: Why is rake so high, and why isn\'t competition driving it down?
[ QUOTE ]
Has anyone here even taken econ 101? Please define "barriers to entry". [/ QUOTE ] Lemonade is easier to make than rocket ships.
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#15
06-02-2005, 01:12 PM
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Re: Why is rake so high, and why isn\'t competition driving it down?
[ QUOTE ]
[ QUOTE ] Has anyone here even taken econ 101? Please define "barriers to entry". [/ QUOTE ] They are amazingly low for online cardrooms. [img]/images/graemlins/wink.gif[/img] [/ QUOTE ] what, is today opposites day or something?
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#16
06-02-2005, 01:28 PM
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Re: Why is rake so high, and why isn\'t competition driving it down?
amazing low??
I dont have a few million laying around to: write the software hire support staff Get the contract internet connection...T3 atleast Hardware is going to be high...mirrored servers and such Getting a customer base....lots of ads and such. I am sure I missed a lot, but low entry...i think not. If the customer base was easy to get, then I would say it was low...but it wouldnt be. -SFWUSC
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#17
06-02-2005, 01:31 PM
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Re: Why is rake so high, and why isn\'t competition driving it down?
So if you played at a site with no rake, you'd probably be complaining that they don't offer any bonuses right?
Also, zerorake (a site that charged a low monthly fee), tried this and failed miserably. The fish/casual players don't care about the rake (the rake was the least of my concerns when I first started out -- I had much bigger leaks to fix first).
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#18
06-02-2005, 01:40 PM
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Re: Why is rake so high, and why isn\'t competition driving it down?
Compare this to MMORPGs that cost $12.95/month. On top of what a poker site needs they need a staff of a few hundred programmers, artists and content designers working for 2-3 years...
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#20
06-02-2005, 01:49 PM
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Re: Why is rake so high, and why isn\'t competition driving it down?
When you provide a forum that allows people to make money you can generally get away by charging those who profit a pretty high percentage and they will pay it if they are able to continue profiting from the provided service.
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