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VanDerMeyde   Norway. Oct 24 2014 19:22. Posts 5108 | | |
HAHAHA love it
Thank you pokerstars |
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ggplz   Sweden. Oct 24 2014 19:33. Posts 16784 | | |
| On October 24 2014 18:22 VanDerMeyde wrote:
HAHAHA love it
Thank you pokerstars |
Why are you thanking them? |
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if poker is dangerous to them i would rank sports betting as a Kodiak grizzly bear who smells blood after you just threw a javelin into his cub - RaiNKhAN | |
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player999   Brasil. Oct 24 2014 19:50. Posts 7978 | | |
For the Brazilian Series of Poker they are running sats at a rate of 2.09:1 on the Brazilian Real:USD for the package. Depositing rates are almost 2.60 and market rate is at 2.47.
Supernova elite perks such as WCOOP Tickets and 1mi freeroll removed for 2015, drastic VIP changes announced for 2016, Team Pros fired left and right, spin and goes, soon blackjack and roullete.
They are just 100% going for the short term money grab to get the 5 billion back, Amaya is the worst thing that has ever happened to online poker and its not hard to beat Black Friday for that title. |
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Browsing through your hand histories makes me wonder that you might not be aware these games are possibly play money. Have you ever tried to cash out? - Kapol | Last edit: 24/10/2014 19:51 |
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whamm!   Albania. Oct 24 2014 20:07. Posts 11625 | | |
With the current trend over the past 5 years it's obvious that whatever opertational costs or diminished revenues they encounter, they automatically penalize the existing and future players for it. It's an unregulated industry and it's a "vice" and not really some sport, the market has been on the decline so the worst is yet to come. Once the original owners cashed in by selling to Amaya I think it's pretty clear they've jumped ship and moved on to better things with the money they've generated back when it was the wild west. |
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ggplz   Sweden. Oct 24 2014 20:08. Posts 16784 | | |
Just sent this email in and I think I covered the main points. Feel free to edit and email it to them if you like.
+ Show Spoiler +
Hi,
I've played on pokerstars for 7 or so years now and I know you have treated players well and kept a certain high quality and high standard in the market. This included no fees, multi currency / account wallet options, fast support, listening to player feedback and constantly working on your software to make it easier for the players to enjoy the action. Mostly, this is still true but there has been a trend downward lately ever since the Amaya takeover. I'll address the main examples of what I mean:
Introduction of spin & go's
Reasons why it's bad for your image:
Poker is a game of skill and while spin & go's do require some basic poker skills they are extremely luck based and high variance. This sours pokerstars image among poker players because you have always favoured the skill aspect of poker and stood for the player and that any person can become a poker star. With this format, that doesn't feel like the case. The rake is high at 7% and prizes are raked twice as I understand it. It has hurt Sit'n'go traffic and debatably also cash game traffic. I have played a lot of them and my thoughts are that they are fun but highly addictive and as I said, highly luck / jackpot based. That's just not what pokerstars stands (stood?) for in the market place. It's not what made you great.
Withdrawing from 30 markets without giving any prior notice to players
This reduces the poker player pool and because you didn't notify players in advance so they could plan around it you have taken the greedy route to maximise your profits and inconvenience soon to be ex players. Do not think this wasn't noticed by the rest of your playerpool. It was a greedy thing to do and shows you do not stand for the players.. only raking their money.
Future introduction of casino games
There's a market for this but that market comes once again at the expense of the poker playerpool and this time there's no possible edge. Most poker regulars aren't looking to play casino games but fish often will. That means you are directly eating into the poker games which will hurt the poker action. That is the center of your business model and should be treated as something you grow and not something you eat into. It's just a sad fact that you are taking steps like this that will destroy your own games and position in the market.
Fees
I just read that you are now charging 2.5% on all deposits and withdrawals. One of the great things about pokerstars was that you always had the players back in this regard. People have been forced into paying fees on a lot of your competitors throughout the years but you have held the standard of no fees for players. The rake used to be enough for you but apparently that's no longer true and it comes down to greed and how you now view your players. I live in Sweden which means my only option is to pay the fees on both deposits and withdrawals. I can't transfer SEK to SEK as I understand players in the UK can transfer GBP to GBP to avoid fees. That means I am unfairly targetted by these new fees as no matter what I do I will have to pay 2.5% fees on deposits and withdrawals whereas other players can avoid it by cashing out GBP to GBP or EUR to EUR etc.
Also, I have read that you are effectively tricking some players into paying the fee(s) because there is absolutely no reason why a player from the UK should pay a 2.5% fee to withdraw his USD balance when he can convert it to GBP for free first and then withdraw with no fee. That is a really deep low you have sunk to. It's the first time in the sites history you have tried to trick players into paying a fee they don't have to and that it makes no sense to. Think about that for a second and how players realise you are treating them. It hurts us, damages poker (since you are such a giant) and weakens your position generally. People don't like it and time will tell if you care / listen to feedback. The fees should be removed entirely.
Lastly:
We should be given prior notice on anything that affects our account balance. You have just taken your 100% guaranteed segregated player funds for those affected and turned them into 97.5%. That's ridiculous. We did not consent to paying that 2.5% and the only way a small % of players even heard about it was through a small post on twoplustwo that didn't even disclose the size of the fee. That shows us that you're not being forthcoming with your playerbase and just want to maximise profit and effectively steal 2.5% of all money on the site with no notice.
It's just not right and not the pokerstars I've dealt with over the past 7+ years of play. Re-evaluate what you're doing because the direction the site is going isn't good.
Sincerely,
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if poker is dangerous to them i would rank sports betting as a Kodiak grizzly bear who smells blood after you just threw a javelin into his cub - RaiNKhAN | Last edit: 24/10/2014 20:09 |
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redrain0125   Canada. Oct 24 2014 21:55. Posts 5455 | | |
gg peeps time to make money like normal people |
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shootair   United States. Oct 25 2014 07:05. Posts 430 | | |
I used to be jealous of people in the countries that allowed pokerstars...but the site is dead now |
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Santafairy   Korea (South). Oct 25 2014 07:49. Posts 2226 | | |
i hope you like the new spin and cashout format there is a 77,380 out of 100,000 chance for a 2.5% fee but a 13,510 out of 100,000 chance for a 5% and so on there is a 5 out of 100,000 chance of a 35% fee jackpot |
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It seems to be not very profitable in the long run to play those kind of hands. - Gus Hansen | |
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Romm3l   Germany. Oct 25 2014 07:50. Posts 285 | | |
as usual people can only moan that the situation now is relatively much worse than they got used to before, nevermind that in absolute terms the prior situation was unusually and unreasonably good and now it's more like normal. currency conversion fees are a fact of life, deal with it. don't want to pay 2.5%? Get yourself a bank account in pokerstars currency to cash out to and do the conversion yourself elsewhere. With Citibank I pay something like 1-1.5% iirc.
online poker, particularly the ability of professionals to extract positive expectation, is on the decline. but the reason is not too much to do with amaya's terms. |
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Santafairy   Korea (South). Oct 25 2014 08:24. Posts 2226 | | |
well what do other sites do though Romm3l |
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It seems to be not very profitable in the long run to play those kind of hands. - Gus Hansen | |
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uiCk   Canada. Oct 25 2014 10:42. Posts 3521 | | |
Lol, at least there is a 20$ free from PS right now, should cover some costs t.t |
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I wish one of your guys had children if I could kick them in the fucking head or stomp on their testicles so you can feel my pain because thats the pain I have waking up everyday -- Mike Tyson | |
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dogmeat   Czech Republic. Oct 25 2014 11:12. Posts 6374 | | |
| On October 25 2014 09:42 uiCk wrote:
Lol, at least there is a 20$ free from PS right now, should cover some costs t.t |
where? |
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uiCk   Canada. Oct 25 2014 11:19. Posts 3521 | | |
got email; use code ADD20 for instant 20$ reload bonus. dunno if its specialized bonus (i bust my PS roll recently) |
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I wish one of your guys had children if I could kick them in the fucking head or stomp on their testicles so you can feel my pain because thats the pain I have waking up everyday -- Mike Tyson | |
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Romm3l   Germany. Oct 25 2014 12:58. Posts 285 | | |
| On October 25 2014 07:24 Santafairy wrote:
well what do other sites do though Romm3l |
I don't play poker anymore but I used to play on every major site for years. I'm pretty sure you ate the exchange fee every time you deposited/withdrew to/from an account with a different currency to the poker account. Depending on your payment account it would either be your bank or Neteller/Skrill that took the bite out of you. It was only pokerstars that would let you convert currency at the midpoint (something which basically doesn't exist elsewhere in the world). |
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Spitfiree   Bulgaria. Oct 25 2014 14:04. Posts 9634 | | |
| On October 25 2014 06:50 Romm3l wrote:
and unreasonably good and now it's more like normal |
you gotta rake 120k $ to reach around 60% rakeback yearly, while all other sites offer this as a standard
extremely good terms indeed
only good thing about ps is that there is a high variety of tables midstakes + and best tournaments of any kind ever, and thats only because they hold the market, sure there are some other perks like using FPP to buy whatever you want and money transfer between players, but all of those are because of the monopoly they hold and vice versa
I'd say that playing there before 200nl is just insane loss of value |
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| Last edit: 25/10/2014 14:08 |
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impact69   Mexico. Oct 25 2014 16:26. Posts 307 | | |
| On June 13 2014 01:52 Baalim wrote:
lol relax everything is the same |
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Mr. Proper   Poland. Oct 25 2014 17:00. Posts 38 | | |
| On October 25 2014 13:04 Spitfiree wrote:
you gotta rake 120k $ to reach around 60% rakeback yearly, while all other sites offer this as a standard |
888 and Party, for example. |
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Romm3l   Germany. Oct 25 2014 17:02. Posts 285 | | |
| On October 25 2014 13:04 Spitfiree wrote:
Show nested quote +
On October 25 2014 06:50 Romm3l wrote:
and unreasonably good and now it's more like normal |
you gotta rake 120k $ to reach around 60% rakeback yearly, while all other sites offer this as a standard
extremely good terms indeed
only good thing about ps is that there is a high variety of tables midstakes + and best tournaments of any kind ever, and thats only because they hold the market, sure there are some other perks like using FPP to buy whatever you want and money transfer between players, but all of those are because of the monopoly they hold and vice versa
I'd say that playing there before 200nl is just insane loss of value
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I am commenting only on the exchange rate fee introduction when i say it was unreasonably good before, since that is the point of this thread.
though if you're debating general value-for-money per rake dollar, you'll have to show me what you mean by 60% rb being standard on all other sites since that is not as I remember it at all. As I remember, rb like that was an under-the-table deal with shady affilates on dodgy sites named big bong hitters poker or something like that, where there is a decent risk the rakeback you get ends up being negative infinity percent as the site goes belly up along with your roll.
edit: if youre playing below 2/4 bigbet I can see an argument for getting the big rb deal on big bong hitters poker to avoid what you call an insane loss of value. But then again if you're playing below 2/4 then you have to ask whether playing poker at all is an insane loss of value in terms of your time and the other things you could be doing with it. |
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| Last edit: 25/10/2014 17:05 |
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Smuft   Canada. Oct 25 2014 18:35. Posts 633 | | |
People are way over reacting imo.
If you manage your shit right, you will end up paying 0 on currency exchange fees so all this ends up being is a bit more of a hassle.
Of course it sucks this is the direction the company is taking but isn't it to be expected? Don't really understand why everyone is tilting so hard at a group spending 5 billion $ on a company and then trying to make money off of it.
If you compare it to what bwin did when they bought out party, what PS has done so far is very reasonable.
For reference:
| On February 04 2014 15:20 Daut wrote:
updated list of ways party fucked customers:
-removed palladium elite and >30% rakeback bonuses
-changed structure of bonuses so they take longer to buy and longer to clear
-player segregation *later fixed*
-removed monthly promotions
-3% cashout fee to skrill and other e-wallets
-removed online chat support
-cut affiliate % in half
-never paid back customers for bug that didnt automatically load tournaments starting
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complain with yer wallets
otherwise they're just maximizing their edge or whatever which you should all approve of |
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