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Last Updated: December 18, 2008 If you have a gambling problem, think you have a gambling problem or need any kind of advice on anything related to this, you can contact me, Scotsman. My profile is here and I'd prefer a PM or e-mail (scotsman@somethingawful.com) over an IM. Thanks. Prologue - PITR Rules Standard forum rules apply here. Bad Beats, Brags and (jokingly) whining about poker rooms being rigged, complaining about downswings etc go in the Brags, Beats & Variance Megathread. If you have a question and want to start a thread, read this FAQ first, as it may already be answered. Any questions about books, can go in the stickied book thread. If the following rules are broken, the thread will be gassed and you may be probated: Paypal/site -> site transfers are not permitted. First, it is against Paypals terms and conditions and can get both your accounts closed, and second there is too much scam potential. Transfers can only take place for GSOP events, and even then it is at the users own risk. Do not start a thread asking for any kind of financial transfer. NOR PRIVATE MESSAGE ANYONE. If you have questions, PM or IM me. If someone contacts you privately, over PM or IM, in regard to wanting to do a transfer, PM Scotsman. (In contrast to the above rule, with the current situation with gambling in the US, I've allowed a thread for money transfers until further notice.) No attempts at pushing your affiliate links are allowed. This includes "Sign up at XXX and I'll give you $50" threads. This also includes threads hooking people up with rakeback for various sites(including Party Poker). No advertisements of rakeback sites are allowed. By this, I generally mean replying to a post and saying "sign up for rakeback here". It doesn't matter if you're just trying to be helpful, this is something that if allowed would get abused very quickly. To sign up for rakeback at any site, visit the goon run Rakeback Resource(formally known as Ultimate Poker Bankroll). No referral chains are allowed. If you wish to promote a site or its bonus then feel free to do so, but don't say "please mention XXX when signing up". Poker is "rigged", "not random" threads. A subject that has been beaten to death, with lots of evidence proving that it is not "rigged", and no evidence that it is other than a lame bad beat story. If you have some reasonable evidence in regard to it then feel free to post it...however if you start a thread, and the basis of it is "[poker site] is rigged", you will get probated. Don't poo poo up a poker is "rigged" thread either. We get it, you have some new and innovative way to say "LOL RIGGED". Just leave the thread alone and it will be gassed promptly. No asking/begging for money or related goods. No "please buy a % of me in a tournament" threads without prior approval by the mods. Also please note that any affiliate links shown throughout this FAQ or in the forums are for future funding of the GSOP Events or are for the benefit of goons. When posting any hands to the forums, it's recommend you use http://www.pokerhand.org/ Quicklinks: Critique Threads [LIST=A] [*] No Limit Hold'Em [*] Limit Hold'Em [*] Stud, Razz, Omaha etc [*] SNG/MTTs [/LIST] Quicklinks: Other Megathreads [LIST=A] [*]30 Second Book Review Thread [*]Fishiest & Funniest Things You've Heard [*]"Sweat Me" Megathread [/list] Poker Room Specific Threads: [LIST=A] [*]Cake Poker [*]Full Tilt [/LIST] Resources: PITR players are pretty good at this silly game called poker. Many have provided a lot of value resources in The Spicebox, and there's also JCarver's Heads Up guide and JCarver's NL Guide. Trip Reports: (Deleted, thanks to sublyme being a sassy little oval office) What follows is a list of popular questions that people ask. Below that are other relevant links outside the forums, including links to popular software, poker players blogs and more. Please read through this before posting a question. This FAQ is split into the following sections: [1] Starting Off [2] Money [3] Importance of Books [4] Bonus Whoring and Rakeback [5] Online Links, Blogs & Resources 1: STARTING OFF: Q. What beats what? A. Here is a good link to the basic rules of poker: http://www.conjelco.com/faq/basic-rules.html Q. How old do I have to be to play poker? A. Most online poker sites require you be at least 18 to sign up and play legally. A few sites require you to be 21. Read each site's terms and conditions to learn their policy. Q. I have $50, but that's all I want to spend and I'm not really looking to lose it. What's the best strategy to start playing and making money? A. There are a couple different strategies people suggest at this level. I recommend putting your money into a site such as Pokerstars and playing the .05/.10 limit tables for a month or so before doing anything else. You can play the lowest no limit games, as well as SNGs/MTTs, and get a better idea for what sort of game you would enjoy playing. Play money is completely worthless as far as educational value goes, because poker is a "vying" games, which means that the entirety of the moves you make as a player revolve around betting on who has the best cards. When those bets are totally worthless, then the subsequent moves you are "learning" to make are also worthless. While you might not play the world's greatest players at .05/.10, there is still actual worth involved in each bet, and therefore players have financial incentive to play to win. After a month of playing, you'll have a much better idea of what moves to make next, whether it's bonus whoring, or deciding to move up limits at Pokerstars. Q. I heard that some poker sites are rigged, is this true? A. Poker is unlike sports betting and online casinos in that you never play against the house. No matter how well or poorly you do, the house will end up making the same amount of money. The way they do this is to take a small fee, or "rake", from every pot that's played. Rake varies from site to site, but is generally around 10% per tournament buy and a max of 3$/hand in a cash game. Unlike actual casino card rooms, where opening up new tables requires dealers, tables, chairs, chips and a slew of other physical resources, online, a company can have many thousands of tables open for very cheap. The great thing about this is that it gives online poker rooms absolutely no incentive to cheat. Online poker is now a multi-billion dollar industry, and all of the reputable poker sites that you will find in this FAQ and anywhere else in PITR have been audited and bonded by major corporations. They're far more concerned with running their legitimate and highly successful businesses than participating in an overly-complicated and highly illegal scam that couldn't net that much money in the first place. Furthermore, there are thousands of players who have played millions of hands online, usually while running tracking software and they can all tell you that eventually the numbers do add up. You hit your draws and your hands hold up exactly the amount of times they should in the long run. Q. What's the difference in Limit and No-Limit poker? A. It is suggested that you start playing Limit poker to learn the fundamentals of poker. No-Limit is a different game entirely and you will have to have a good grasp on the game before you start to study and play it. Limit is in no way a "less advanced" game however, it just doesn't involve some of the same strategies. Many professional poker players make their "bread and butter" money through Limit games. Q. What's a tournament? A. A poker tournament is a game where people pay a fixed amount for a set number of chips where the stakes progressively rise over time in order to foster action and eliminate players. The games you see on TV are usually tournaments, like the World Series of Poker and the World Poker Tour. Q: What are common poker hand nicknames? A. You can find a big list of some of the things that are very commonly used by him (thanks to AmnesiaLab for finding a shitton more) , and others to refer to various starting hands. Q: Any guides I should read before getting started? A. Before getting started, it is advised that you should read the books section, and get some books. Stay away from those "HOW TO GET STARTED ON PARTY AND WIN MILLIONS" e-books advertised, thats for sure. Ultimate Poker Bankroll have both a $0.00 starting guide, and a getting started in internet poker guide. Q: Is this only for PC users? No. More and more sites are offering mac options. You can read an updated list here. Otherwise, you will have to use Virtual PC. 2 - Money Q. How do I deposit online? A. If you're based outside the US, Neteller is still the main deposit option. If you're in the US, all the popular options like Neteller and Firepay are no longer available. You also cannot use credit cards or paypal. https://www.epassporte.com/ is one of the more popular choices, with http://www.mywebatm.com as an alternative, otherwise it is best to check with whatever poker room you wish to deposit with, and see what deposit options they have available. Many people have had success with buying a prepaid VISA card from GiftCards.com, Gift2Go.com, PrepaidVisa.com or even your local gas station and use them. Q. What's this I keep hearing about Bankroll Management? A. Bankroll management is one of the most important skills a new player must utilize in order to play winning poker. The general rule of thumb is that you should not sit down at a limit table without at least 300 BB's in your bankroll. BB's are "big bets" and refer to the size of the bets in the turn and river betting rounds. For example, in a $1/2 game, the first two rounds of bets are made in increments of $1, while the second two rounds of bets are made in increments of $2. So to sit at a $1/2 limit table, you should really have at least $600 in your overall poker bankroll. This number might sound high, and some players can play with a slightly smaller bankroll, but improper bankroll management coupled with variance is one of the major reasons new players go bust. While the bankroll you have may vary, the standard guidelines is 300 big bets for limit poker(any game), and 30 buy-ins for no limit. 30 buy-ins for SNGs also. Some people get by on less, some people get by on more, but these are good numbers not to stray from. Massrayper also wrote an article on Preserving Your Bankroll. Q. Variance? A. Variance is one of the best, and worst things about poker. Since there is an element of luck involved in poker, someone who is playing the cards completely "right" can still end up losing money in the short term because of luck. This is what keeps bad players playing the game, and can give seasoned pro's fits when they are "running cold." Downswings of 50, 100, or even 150BB have been reported, and it's one of the reasons it's so important to manage your bankroll carefully, particularly when you are just starting out. 3 - The Importance of Books: Forget everything you've ever heard on TV about the importance of tells, and how players play by "feel." The truth is that any competent poker player is well versed in correct poker strategy, and that is found in books. The simple rule is that anyone who says they haven't read books is either lying, or a lovely poker player. You can read reviews on poker books in the 30 Second Book Review Thread. 4 - Bonus Whoring and Rakeback: Online Poker rooms usually give users bonuses for signing up or depositing money into their site. These bonuses generally are a percentage of your deposit and generally have a certain amount of hands that you need to play to receive the bonus. Bonus whoring can be one of the best ways to build a bankroll, and is highly recommended to most players who have a good grasp on the game. Two great bonus whoring sites are Ultimate Poker Bankroll, and Bonuswhores.com. Ultimate Poker Bankroll is not only goon owned and operated but also more accessible to the new player, as well as offers money for signups. [LIST=A] [*]http://www.ultimatepokerbankroll.com/ [*]http://www.Bonuswhores.com [*]PiTR Bonuses and Promotions Thread [/LIST] Rakeback is a system in which you sign up for a poker room and receive a percentage of your rake back each month. If you plan on playing a huge amount of poker at a single room, this is a great deal. For more information on this you can read How does Rakeback work?. You're best to sign up at the goon-run Ultimate Poker Bankroll for rakeback, as you can contact Scotsman with any problems with ease. Many outside rakeback affiliates have proven to not be trustworthy. If UPB doesn't have the site listed that you want rakeback for, e-mail them. They should be able to accomodate you as long as it isn't against that poker rooms rules. Another good resource is the 2+2 Rakeback/Affiliates Forum. 5 - Online Links, Blogs & Resources: Poker Communities: PITR IRC Chat: http://www.mirc.org (Chat on irc.synirc.net, in room #poker) Two Plus Two Publishing: http://www.twoplustwo.com/ PocketFives: http://pocketfives.com/ Poker Software: (Note: If you wish to get any of this software(that costs $$$) for me, contact UPB and you can get it usually via a raked hands requirement at a poker room) http://www.pokerstove.com/ - Odds calculator for poker http://www.pokercharts.com/ - A must have for any serious poker player. Record each session by game, location, limit etc and very cheap. Plus you get to post sick graphs in BBV! http://www.pokerdominator.com/sessiontracking/default.cfm - Free alternative to Poker Charts. http://www.pokertracker.com/ - The #1 program for any poker player. Keep track of your stats, as well as your opponents. Will save you a lot more money than it does to buy this program. http://www.pokeroffice.com - An alternative to Pokertracker. http://pokeracesoftware.com/hud/download.php - A heads up display program used in conjunction with Pokertracker. http://www.tightpoker.com/poker_hands.html - Good site to view EV results. Blogs Daniel Negreanu - http://www.fullcontactpoker.com/poker-journal.php Dutch Boyd - http://www.dutchboyd.com/blog/blog.html Josh Arieh - http://www.josharieh.com/ B&M Tournament Updates/Results or Poker News: http://www.pokerstarsblog.com/ http://www.cardplayer.com http://www.pokerwire.com http://www.bluffmagazine.com http://www.pokernews.com Scotsman fucked around with this message at 23:07 on Dec 18, 2008 |
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Sep 14, 2005 14:56
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1. Fix your BBCode. You have a HUGE link that is several paragraphs long because of a malformed tag to ultimatepokerbankroll.com 2. Not needed, but you link to my site a few times, so maybe a partial thanks??  [edit] 3. You also have a bad closing BOLD tag just after the Auto-Play blackjack answer Lumpy fucked around with this message at 22:16 on Sep 14, 2005 |
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Sep 14, 2005 22:13
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Lumpy posted:1. Fix your BBCode. You have a HUGE link that is several paragraphs long because of a malformed tag to ultimatepokerbankroll.com Stupid notepad. I copied everything in there and it hosed up the line breaks. I missed a few obviously. Fixed now.
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Sep 15, 2005 02:02
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You may want to add PokerOffice to the software section (https://www.pokeroffice.com). It's very similar to Poker Tracker but it can be gotten for free if you sign up for Empire Poker with their signup code (and you still get the standard 20% up to $100 bonus on top of it).
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Sep 15, 2005 18:36
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poekrhand.org should be added to the links
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Sep 15, 2005 19:32
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Looks great Scotsman, but i have just two things about the link list: The link to "Some basic hold 'em odds" isnt properly closed so it bleeds over to the next line. Also, FYI, you can link directly to #poker via irc://irc.zirc.net/poker just to make it easier. Oh, and personally, I use PokerStove if I ever want to look some odds up, since it has all those nifty features like ranges that twodimes or similar doesnt usually have, so you might want to add that to the software list I guess. When I hit reply there was also some other thing I wanted to say, but I've totally forgotten what it was. Oh well. The FAQ looks great man, keep up the good work 
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Sep 15, 2005 23:43
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Nice thread Scots.
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Sep 17, 2005 05:24
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there should be a taxes section a real, simple, easy to follow taxes section
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Sep 17, 2005 15:40
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YvesSaintLaurent posted:there should be a taxes section That's a good idea. I'll write one up tonight or tomorrow.
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Sep 18, 2005 02:40
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Scotsman posted:Q: Is it true that only little girls play Texas Hold'Em, while real men with beards and shotguns play 7 Card Stud? I can't grow a beard for the life of me.
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Sep 18, 2005 04:08
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I tried to make it comprehensive yet as short as possible. If you don't use it for the FAQ, just save it to pitr.txt and copy/paste it as a reply to any tax threads. Do I have to pay taxes on my poker winnings? If you live in the U.S., the answer is yes, whether the gambling is legal or not. The correct way to report your poker winnings is: Total your winning sessions and report it on Form 1040, Line 21 Other Income. Total your losing sessions and report it on Form 1040 Schedule A, Line 27 Other Miscellaneous Deductions. You might consider a session being "time period of playing the same game continuously," although there have been no formal IRS rulings on the subject. To substantiate your winnings and losses, you must keep a diary with the following information: date, type of specific wager (i.e. poker, limits), name and location of gambling establishment, name(s) of other person(s) you played with (if any), winnings or losses, and the table number. In addition to the diary, you will need canceled checks, credit records, bank withdrawals, and/or statements provided to you by the casino to substantiate your winnings and losses. If you win money in a live tournament, you may receive a Form W-2G Certain Gambling Winnings. If you do, the IRS is notified of your winnings. However, if you are staked for the tournament (i.e. if another person contributes a portion to your entry fee and will receive a proportion of your winnings) it will be necessary to fill out Form 5754 Statement by Person(s) Receiving Gambling Winnings so that you don't pay taxes for other people. Form 90.22-1 Report of Foreign Bank and Financial Accounts If, at any time during the year, you have more than $10,000 in foreign financial accounts, you will need to file this form. NETeller, for example, can be reasonably considered a foreign bank for Form 90.22-1 purposes, however amounts held in poker sites are less clear. If you have, at any time during the year, over $10,000 total held in poker sites and online transfer sites, consult a tax professional to determine whether the Form should be filed. You may also need to fill out Form 1040 Schedule B Part III Foreign Accounts and Trusts irregardless of the $10,000 limit. The Professional Gambler The goal of many serious poker players is to become a professional. In addition, there are some tax advantages to this. Professional poker players are able to net their winnings and losses on the Form 1040 Schedule C Profit or Loss From Business, and ordinary business expenses are deductible. Professional gamblers, however, may be required to also file Form 1040 Schedule SE Self-Employment Taxes which assesses Social Security and Medicare taxes. The Supreme Court has ruled that, to file as a business, gambling must be "pursued full time, in good faith, and with regularity, to the production of income for a livelihood" and not just a hobby. It is not required that your only source of income be gambling to file as a professional. This information is not tax advice; it is basic information to help you understand the tax law. Taxes on gambling is an aspect of tax law which has never been clear and the new technology of online gambling has made it more difficult to understand. For tax advice or more specific answers, consult a tax professional.
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Sep 18, 2005 19:09
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Hey Scots, how about a link to that SNG Tracker program under the software section?
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Sep 18, 2005 21:57
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endozoan posted:Hey Scots, how about a link to that SNG Tracker program under the software section? Other useful programs: SNG Power Tools Party Poker Hand History Replayer Also, AleoMagus has some useful spreadsheets here for variance demos and calculating winrate confidence.
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Sep 20, 2005 03:51
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I'm 20, and in the U.S. While on vacation, I called the local casino and they said their poker room is open to those 18 and over. I've always assumed poker rooms in casinos are 21 and over; is this not the case, or is the casino I called an exception? Because if most casinos accept 18+ in the poker room, I smell a road trip to Vegas soon.
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Sep 20, 2005 06:55
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Tall&Dark posted:I'm 20, and in the U.S. While on vacation, I called the local casino and they said their poker room is open to those 18 and over. Exception. Typically it depends if the casino has a liquor license or not. Good example is Turning Stone in NY. No liquor license, so the casino is 18. 99% sure that every Vegas casino is 21.
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Sep 20, 2005 07:03
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This type of question might have been answered in the previous Question thread but I couldn't find it, so sorry if this is a repeat. I started playing at PokerStars about 3 months ago, and mostly did $1 SnG's and $1-3 Tourneys to get my feet wet. I did alright, and felt like I learned some things as I went along, and my account was usually +/- $10 from my original $50 deposit. After reading this forum and registering at 2+2, I decided to try and focus on regular tables for a bit. I've been 4-tabling 0.05/0.10 6-person max tables during peak hours for a bit more than a week, and my bankroll has gone from $55~ to $115~. I understand variance, and I also assume that playing at these low-blind tables during peak hours means I'm more likely to play against some fish. Thus, while I do feel I've played intelligently, my upswing could be primarily attributed to good luck and easy competition. Should I stay at these tables for a few more days/weeks/? to see what my long-term results are, or can this small pool of results be reason enough to go up to higher-blind tables. Thanks for any advice.
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Sep 20, 2005 14:38
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kalensc posted:This type of question might have been answered in the previous Question thread but I couldn't find it, so sorry if this is a repeat. First, any questions you have just ask away Thats what this thread is for.The main question is, how do you feel about your game? Do you feel confident? If so, take a shot at another level, but be prepared to drop down if you lose x amount of BB. With $115 you could do .25/.50 no sweat, and if you get knocked down just go back to .05/.010. However you should get a copy of Pokertracker, and use that to check out your play.
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Sep 20, 2005 15:35
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Scotsman posted:First, any questions you have just ask away Thanks for the suggestion Scots. I looked at Poker Tracker, but figured that until I was prepared to make a permanent move to higher limits, the program wouldn't be worth the while (considering its price is almost 1/2 my bankroll and all).
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Sep 20, 2005 22:58
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kalensc posted:Thanks for the suggestion Scots. I looked at Poker Tracker, but figured that until I was prepared to make a permanent move to higher limits, the program wouldn't be worth the while (considering its price is almost 1/2 my bankroll and all). If it is an option for you, you can comp for it at some sites, like pokersourceonline.com, that's what I did. Granted your bankroll might be too small to safely play the levels needed to clear the bonus, but it might be a good idea to check it out
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Sep 22, 2005 12:00
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Another suggestion: Under bankroll management, can you add something about the suggested amount of SNG buy-ins, NL ring buy-ins, and possibly MTT buy-ins?
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Sep 23, 2005 06:24
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^^^^^^I agree with the above post Also, a very silly question, but I believe I've heard of people taking Ipods into casinos to dull the monotomy between hands. What kind of things can and can't you take into casinos for this purpose?
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Sep 23, 2005 13:31
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It really depends on the casinos personal rules. There are casinos that even ban sunglasses because they can be used as an infrared marker reader. But generally you should be just fine as long as you're not using it to "cheat". There are stories of blackjack counters who used concealed computers to work out probablillity and had the "cheating with an electronic device" charges dropped because it's technically not cheating. Just don't draw alot of attention to it. Casinos generally don't wanna hustle people having a good time, seeing as it is their buisness to keep you happy krisis fucked around with this message at 16:27 on Sep 23, 2005 |
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Sep 23, 2005 16:21
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I suggest adding pokerstove to the software section.
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Sep 26, 2005 18:46
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endozoan posted:Another suggestion:
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Sep 28, 2005 19:19
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I'm thinking about doing the 25% bonus up to $100 on GoldenPalacePoker. It says that I need to accumulate 125 action points for ever $1 in bonus money, so if I get the full bonus, thats 12,500 points. This seems like alot for $100. I've looked on their site, and all they say is the bigger the pot, the more action points. Does anyone know exactly how their point system works and if 12,500 points is doable in a week or two? Thanks in advance
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Sep 29, 2005 21:29
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This is totally not a stupid question, but I'll post it here anyway In a live tournament when a player is late, or otherwise absent, I know that their blinds are posted by the dealer / tournament director in turn. My question is, is an empty seat dealt cards a la internet poker, and if so, are they dealt in every hand, or only those they post blinds to?
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Oct 1, 2005 15:40
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Lumpy posted:This is totally not a stupid question, but I'll post it here anyway every time I've seen it done, if you're bought in, you're dealt cards and if nobody at the table actually bets, the hand is still "live". (ie: absent hand is BB, 3 people limp, absent hand assumes as checked). Then the absent hand could in theory win the hand if everyone checks it down to the river, or if it's BB and someone else is all-in with 1BB or some bizzare scenario. this for some reason is a very complicated thing for people to understand in a live game, but it's a "live" hand that gets dealt cards but folds to any action.
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Oct 1, 2005 18:26
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Requesting we add a section to the faq linking casino/card room trip reports and reviews.
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Oct 2, 2005 20:43
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I am using a MAC at my parents house and i feel like playing poker but i have to install all of their program .exe and i dont have Virtual PC crap and everything... Anybody know if there is texas holdem poker online that works for mac... ? Thanks
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Oct 3, 2005 04:01
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Pourquoi posted:I am using a MAC at my parents house and i feel like playing poker but i have to install all of their program .exe and i dont have Virtual PC crap and everything... https://www.pokerroom.com
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Oct 3, 2005 04:07
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thanks ! it would be nice to have a list of all the poker site with like number of stars or something the best and the worst.... maybe there is already something like this .. i dont know
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Oct 3, 2005 04:13
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Pourquoi posted:thanks ! https://www.bonuswhores.com
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Oct 3, 2005 04:59
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Quick question: If I'm getting 25% rakeback on a site, how do I calculate this on my own? The site tracker doesn't update for 2-4 days. I know there is a number in game session tab in poker tracker. Do I take this number and multiply it by .25 or what?
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Oct 3, 2005 08:31
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urmomlolzinbed posted:Quick question: If I'm getting 25% rakeback on a site, how do I calculate this on my own? The site tracker doesn't update for 2-4 days. I know there is a number in game session tab in poker tracker. Do I take this number and multiply it by .25 or what? You have to know how much rakeback your affiliate gets. If you know that number, then you can calculate it on your own. For instance, if the poker site gives 40% of your rake back to your affiliate, then you can calculate: rake * .4 * .25 = your rakeback albedoa fucked around with this message at 21:56 on Oct 3, 2005 |
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Oct 3, 2005 21:54
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endozoan posted:You have to know how much rakeback your affiliate gets. If you know that number, then you can calculate it on your own. Not sure if you just didn't write it out correctly or just made a mistake, but your rakeback does not change depending on what the affiliate gets. If you are signed up for 25% rakeback, and you pay $100 in rake, you get $25 back, regardless of whatever the affiliate gets.
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Oct 4, 2005 04:50
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Scotsman posted:Not sure if you just didn't write it out correctly or just made a mistake, but your rakeback does not change depending on what the affiliate gets. No, that was my error. I misread my own rakeback stats and actually believed that was the case. So, what does the affiliate get out of the deal? I'm confused about this. Does the affiliate get a larger chunk, and just hand down 25% of the total rake to you, keeping the rest? Sorry for the misinformation. albedoa fucked around with this message at 06:20 on Oct 4, 2005 |
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Oct 4, 2005 06:17
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endozoan posted:No, that was my error. I misread my own rakeback stats and actually believed that was the case. So, what does the affiliate get out of the deal? I'm confused about this. Does the affiliate get a larger chunk, and just hand down 25% of the total rake to you, keeping the rest? An example of how it work is like this: You contribute $100 in rake. Your affiliate gets 26% of your rake, or $26. Out of this, they give you $25 or 25% of YOUR total rake paid. I'm not sure what's the exact margin of profit they make, but it's much smaller than what you make. This is why you see on some sites that if you pay $X thousands of rake hands, they will offer you a better deal because it's worth their time to refer you.
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Oct 4, 2005 06:29
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endozoan posted:No, that was my error. I misread my own rakeback stats and actually believed that was the case. So, what does the affiliate get out of the deal? I'm confused about this. Does the affiliate get a larger chunk, and just hand down 25% of the total rake to you, keeping the rest? It depends on the affiliate. It's such a competitive battle these day with rakeback that a lot of affiliates are cutting themseleves at the throat trying to get more players, an so are making a 1% profit margin. Also, most sites run a sliding scale, where the more players you have, the more rake you make. For example the default for a lot of sites is 25%(for the affiliate), but if you have 30 players churning in 80k a month in revenue, they'll boost you to 30 or 35%. Also an interesting note; sometimes at poker rooms the players make more than the managers of these poker rooms depending on the skin. I know one more poker room where the network makes 50%, the players make 30%, the affiliate 10% and the manager also 10%. Scotsman fucked around with this message at 14:39 on Oct 4, 2005 |
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Oct 4, 2005 14:33
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Great thread!
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Oct 5, 2005 04:03
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| # ? Apr 25, 2024 17:49 |
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I'm also on a Mac. I'm looking for something like Pokertracker except you can use it through a browser. Does such a thing exist?
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Oct 5, 2005 04:53
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