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Old system, SnG player gets 10,000 points and earns £280 rakeback. They're getting 10 points per £1 so have given Sky £1000 rake so are getting 28% back.
Cash player, gets 10,000 points and earns £280 rakeback. They're getting 6 points per £1 so have given Sky £1666 rake, so are getting 16.8% rakeback,
Fair point, any additional reward of points like happy hour, early bird etc effectively adds to your rewards (by giving you more points).
Ultimately, they are gonna be paying out more C4P to all the people who would regularly not quite make enough to get 500 points and so this needs to be re-couped from somewhere. Personally, I'm not rich or stupid but I am not dead against the change either.
This system will almost definitely see me getting a bit less C4P than I used to (not by much tbf because I don't usually earn loads) but if it helps build the site then it can only be good. Sky is a business and I'm sure it would never implement something which would negatively affect the business (certainly not intentionally). They've done this for the better of the site which can only be good, and I'm happily sacrafice a small amount of my free bonus if it meant the games are better.
I'm also a firm believer that people should concentrate on beating the game and that should always come first.
I cant see that someone who never makes 500 points will suddenly make a couple of pounds will be telling all their friends to play on Sky or can even be used as a marketing ploy?
I dont see this leading to higer numbers. The other way of looking at it is, we will only get better and bigger mtts if were are attracting players that grind as there the ones who bring money to the site. The player who only makes a few hundred c4p is hardly contributing any rake for the site and in reality I never seen a posting from these people complaining they dont get c4p
As others have said, the poker economy is like a pyramid and it needs these players to function. Say there are 1000 players who now get £3 a month, they wouldn't normally have got, these people all slowly lose thatn £3000 @ 4NL tables to better players. These players try and play some 10NL and lose that £3000 to the better players, who then play 20/30NL and lose it to the better players, who then play 50NL and lose it to the better players and so on.
I've said this before on the thread and I mean no offence to anyone (I'm also someone who doesn't deposit ever) but the top players on the site will never deposit a penny on the site because they don't need to, so technically these are the people that contribute nothing. Yes they pay rake but ultimately a site is finished if there is more money being withdrawn than there is being deposited. The entire sites relies on the basis of people who regularly deposit, and that isn't gonna be the top winning players, so where do you want it to come from?
They are contributing and will contribute more when they are given more.
It of course will always be more difficult to take money away from people especially as unless I am wrong they are not using any of their profit to finance this
I really don't care if that means I receive a bit less rakeback if it means it will act as a carrot for new/micro players.
Feed the poker tree, always starts at the roots.
If your all blinkered to see this then, o my - living in a poker bubble.
If you grind SNG's, you should really be doing this on a site that offers the best rakeback against the games you can beat. If you struggle to beat the game on another site wiith better rakeback - that's not SKY's fault.
Poker players in general don't really care that poker is in a decline, which is kinda sad.
Or could you enlighten us now as to what the new promotions may be that are to run alonside the rewards system?
From my point of view this is good!
I totally understand the high stakes players that are annoyed, but in my opinion ALL players deserve to get some sort of 'bonus/reward' for regularly playing on the site.
Hopefully this will help Sky, in the long run grow?
DYM rake is completely different and completely unrelated to how long a player has been with the site. Some players have been on the site for years and play 60p DYMs whereas some have been here for a day and are playing £5.50s
A Customer who is playing a £2.25 DYM gets 3points the same as a player playing a £3.30 DYM. But the effective rake for the £2.25 is 11% under the new scheme but only 9% for the £3.30.
For example
100 games @ £2.25 = £25 rake minus £3.00 C4P = £22 effective rake 11% on the £200 stake
100 games @ £3.30 = £30 rake minus £3.00 C4P = £27 effective rake 9% on the £300 stake.
If Sky really want a fairer system, then let it be fair across the board. The length of time that someone has been on the site has no relevence to this anomoly.
Saying that these rakes have always been thus does not mean they always have to be thus. If Sky can change C4P rewards, then why not rake rates. As has been stated already on this thread, recreational players are the key to the equity of the site. A site were nobody deposits is of little use.
I refer you back to the original quote from Sky, and would say noble sentiments, but maybe a tad hypocritical.
Bump.
Why don't any sites do this?
Sky could be the first & it would be a huge USP!
Unless I've missed something?
Wonder if I'll get a p45 for leaving when they stop giving me free money
Why would Sky do this ?
Don't see the benefit for Sky.