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Cash goes up the tree, so your win rate is where u should be making the money
Rake should be given the most to net deposters so they keep coming back because they getting something back rarther than just being eaten
Rake races are for rakeback grinders
no offence DTM but you come across like you just wanna eat the fish and get all the rakeback
seems like people are very content on milking the cash cow untill it run dry then move onto another one
He plays for the month and gives Sky £3000 in rake.
They give him £1000 back (or whatever) at the end of the month.
The other £2000 is Sky's which obviously go towards a million and one things, some of it goes in their pocket because ultimately that's what they're here for (profit), some goes towards the paying of staff/running of the site, some of it goes towards promotions like you say.
Sites definitely need their grinders like DTM, but for every one of DTM they need 50 (just picked a rough number) recreational players.Like I think he DTM mentioned a while ago he wins roughly 60 BIs per month @ 20NL (obv give or take). Assuming he withdraws this £1200 every month. There needs to be 60 people who are gonna deposit £20 every single month just to keep 'out of the red', and that's just 1 player.
Imagine there is currently £1 million in circulation (currently in people's accounts) spread out between all types of players, and imagine no1 ever deposits.
Good players beat bad players and all the good players at the end of the month withdraw a combined amount of £100k to pay their bills, live, go out etc.
There's now only £900k in the Sky Poker economy. Obviously these are all just imaginery figures, but how long could the site survive without people depositing?
The net withdrawals has to be less than the net deposits (excluding the fact Sky are obviously pumping money back into the economy each month by giving rakeback which people then usually play with)
Can someone explain this to me please as I really dont understand it.
Surely all this money in circulation is nothing to do with sky as it's players money.
I thought sky makes its money from rake paid at the tables or am I missing something?
The winning regs would then not be able to take money off the bad players (coz they have gone broke and will not deposit) . The worse regs would then have no-one to make money from. So they would withdraw money / not play any games. The v good regs would then not be able to make money from the worse regs because they have left. Eventually no-one can make money from anyone, everyone withdraws there bankrolls. No games run. Sky make zero money.
Game over
Edit. Not worded great, but it#s late. Hopefully you get the picture.
The matter in question here is that players who play for a living (for example) will never deposit any money on the site because they don't need to. If they keep winning, withdraw, winning, withdraw, winning, withdraw and so on, where does that money come from?
It's like a food chain, people deposit and lose money to better players, these better players lose it to better players and so on. Sometimes in the middle there are those who choose to carry on just playing against weaker opponents (good idea) and withdrawing, but ultimately there's a constant cycle of people depositing and it working it's way throughout the levels. If people don't deposit, all the money would get withdrawn by good players and there'd eventually be none left. Obv that's an extreme example and is probably never gonna happen.
EDIT: 1267 worded it much better than me
Yeah you make a good point and i re-read some posts and got to a stage where i forgot what point i was even trying to establish. But basically it was along the lines that reg's such as DTM aren't bad for the longevity of the site i don't think.
I have no idea in the slighest but i can't imagine net deposits are ever less than net withdrawals? For every reg at nl20 it does look, at a quick glance, that there are plenty of recreational players elsewhere who will deposit given the 'right' encouragement. For what it's worth i think the new reward system is good in that it does encourage new recreational players. I also think the regs who suffer a small loss from this can easily recoup some of this/(already have done) in promotions such as the big deal. Not to mention the other added promotions that do occur/have been hinted at in the future. As soon as this promotion was announced it seemed pretty clear to me who it would appeal to and why these type of players would be on the recieving end this promotion after the change in c4p.
To be honest i think that it would be a bit premature to swith sites because of this change. Although i'm never going to be sure on exact figures, i think the potential for all rakeback winnings here (when you consider every applicable promotion) will have very small if any difference to opposing sites.
Edit: Slight derail//I don't work for sky..
I should imagine players money is kept in an account.
Whats your point?
It was great in the beginning the social side was fun to be part of!
Then the same faces started to win every event, resulting in recreational players voting with their feet.
Now there is only one venue that promotes regular poker events.
If you have an edge and can make a living out of poker, good for you!
But don't expect others less gifted to contribute without reward!
There will always be a finite number of enthusiasts who want to play, but if you expect to take everything out of the pot, what is the incentive for your marks to play?
Sky are evolving and trying to maintain the balance of players on the site. Previous posts have poignantly explained. If you want everything, you'll end up with nothing!
Every day new sites open up poaching players from established sites with bigger and better promotions.
At the end of the day, it's a personal choice.
I enjoy playing on Sky because there are a lot of players I respect, and there is a platform to discuss, learn and develop.
Some of the previous posts exhibit a greed that inclines me to deposit less rather than more to the site and that I'm sure does more harm than good.
I think Sky do a great job juggling balls in the air. Long may they continue!
But people who deposit on a regular basis should be encourgaed to do so with better rakeback.
If we do not offer these people a big enough carrot then they will not play.
I don't mind giving up some of my rakeback to increase my win rate.
If people stop deposting then it just becomes reg v reg and your win rate drops.
I don't think a big time grinder should be given a greater slice of the cake.
Grinders should be encouraged with very good rake races.