Rake Rebate - Up to 50% Please Read!!!

[TheNutz]

I am wondering what you guys would think of a company that was to offer a limited time promotional 50% rake rebate, the next month it went to 40%, and the next month it went to 30%...

This may be a set month period or may be the first three months you played at the site (not sure yet).

You would after you hit 30% remain at keeping 25-30% of your rake from that point on. Most likely 30%....

The conditions would be a minimum of 40 hours of play per month, and abuse of this by short tabling would have a very close eye kept on.

Do you feel that a newly established site would be able to entice players with an offer such as this, or do you feel surfers would have to "It's too good to be true" idea?

I would like any and all feedback on this please.. also any suggestions on rake rebates, bonuses, would you say screw deposit bonuses if you knew you were getting rake rebates or would you have to have an initial deposit bonus also?

Would you expect your rake rebate weekly, or would monthly be O.K. with you ?

I am looking for the opinions of -EV and +EV players alike.. So please chime in!

[Cubswin]

How are you going to offer a 50% rake rebate when most cardrooms offer affilaites only 20-25%? are you going to pay out of your own pocket. You could be fleeced by a good player. My advice would be to reread the policies of the affiliate programs so you have a better understanding about how they work...i think you could answer a lot of your questions just by rereading the affliate T&Cs.

cubs

[BradleyT]

I believe he's talking about opening a poker room rather than paying out as an affiliate.

[TheNutz]

Yes this would be my own Poker Room, sorry about the confusion...

[Losing all]

I would jump on quickly, after I read a lot of positive feedback here of course.

More importantly, how the hell do you plan on raising the huge $$$ needed to start a decent operation?

btw- I doubt you'd need to make the deal THAT sweet to intice people. Sounds like a recipe for chapter 11, with a quickness.

[TheNutz]

Losing All, it would be FAR from a path to Chapter 7 OR 11 [img]/images/graemlins/smile.gif[/img]

I can't get into the particulars, but you are looking at a few months out with software that alot of people don't really like being used initially. If it becomes big enough, proprietary software will be used. I can't say any more.

My main question is exactly in your answer losing all.. Would you try it, without hearin anything from anyone.. Say even $50-$100.00 deposit.. Playing microlimits..

Would you require a "Live" total rake screen with your daily stats, monthly, etc... To make you fel comfortable the numbers were not being adjusted?

This is a very serious question and a very serious possibility not far out. Just need you guy's help to make it work ... Please if you feel like keeping it private e-mail me myapartment@grics.net

I would really love to hear thoughts about this though.. Not vague replies. In depth answers of EXACTLY what you would want/require to feel comfortable signing up and essentially building the website's table traffic up for a 50% rake rebate.

Shoot Away........ [img]/images/graemlins/smile.gif[/img]

[BradleyT]

I doubt that the average player has any clue how much (s)he actually pays to the rake each month.

You could just have a lower rake from the get-go however I think showing a player that they can get back "$150 a month" has a much better psychological impact even though it would have the same net effect as lowering the rake. Plus your site would have the money in the "hold" all month making interest or whatnot. Also the player gets an added psychological boost knowing they'll have $50 coming at the end of the month if they went broke this month.

I also think that having a flat or lowered fee for sit and go's is important. It doesn't cost more money to run a $200 sit and go tournament than it does to run a $5 tournament, so why the huge difference in the house take? This alone could turn many losing or break even players into winning players. Sure this means you get your take slower but look at Party. Any B&M casino would KILL to have 30,000 players at the tables and party charges outrageous prices and doesn't even give squat back to the players.

Just some thoughts - I'm sure others will have better ideas than me.

[gabyyyyy]

Fact is most recreational players do not even know what a rake rebate is. You would only be recruiting sharks with this type of promotion. People go where the players are, and where the games are the best.

Party Poker could have zero promotions and still have thousands of active players.

[BradleyT]

All depends on how you word it.

Who would be blind to something like "We gave our players $583,932 at the end of last month just for playing! Click Here for details".

ANYTHING will work as long as you advertise on WPT.

[Lori]

I think a new cardroom in the current environment needs a great deal more than standard bonuses and suchlike, even if those bonuses are much better than the ones out there.

Would you rather get back, say, 10% from Party/Paradise/Stars/Ultimate, who are known payers, or 50% from newguymakingaquickbuck.com who very well might be honest, but also very well might not be.

If you are serious about this, the first thing your room needs is superior software to the other small rooms.
This way you will pick up some of the customers who believe the big four are rigged etc and more importantly, those customers will stay.

You could also find some fresh things to offer, I have no idea what, and to be honest I wouldn't post if I did, as I would no longer give up info like that for free after previous treatment by sites.
I don't mean in the way of bonuses, but a lobby with x limit holdem games, y no limit holdem games and some sngs just looks like any other lobby now.

Rake rebates to the majority of non 2+2ers would be a turn off as it alerts the fish as to just how much rake he's actually paying.
To me deposit bonuses make more sense from the site's perspective.

The better your software is, the less comeback bonuses you will need, as people will come back to anywhere that they like relatively easily, whilst I don't take the 100%+ offers at pro poker.

I don't believe it is any longer viable to start a new room without something extreme.
When I say viable, I mean earning enough vs your risk of busting to make the enterprise worthwhile.

I hope you prove me wrong.

Lori