World Poker Exchange: No Rake

HP_John

I read in Cardplayer that there's a 'no rake' site called World Poker Exchange (www.worldpx.com). They rake as any other site, but at the end of the week they give you back 100% of what they raked from you.

No catches, they're hoping the influx of poker players will also use their bet sites, where they'll make $. I created an account, only issue I had is their Sit & Go lacks traffic.

HP_John

No 1 cares? I don't even play online much but FTP got over $1000 in rake from me in 1 yr. No rake can save many people here thousands IMO.

AcidJoe

Rakebacks and bonus's can save you the same. I don't need to go and wait 40 minutes for a game to break out.

GTA Poker

I already posted a thread about this site, I also downloaded it and, unfortunately, it was dead.

ol-stone-face

I'm all for rake-free poker but have the feeling the tables are filled with TA's as your average shlub has no idea of how much the rake costs and doesn't really care. All his friends play at Party so that's where he goes. I am going to check it out though. If it catches on it could at least force the other sites to reduce their rake.

Meistro

I posted a thread about this, and I think it got deleted, maybe because the mods have a deal with supreme poker. I'm glad you posted it again.

I pay upwards of 2-3 thousand dollars every MONTH in rake. I would play at WPEX if they accepted my payment option (use my bank or electronic transfer), but they don't, so I don't. I am probably going to get a credit card soon just so I can play there. No rake is HUGE and anyone who plays more than a few hours a month knows this. This site is amazing. Not only are the games decent but if this site gets really popular the pressure it is going to put on the big sites is amazing.

For the curious, the reason they are offering rake free poker is because they are hoping to draw sports betting poker players to their site via their rake free promotion.

Tigerscott

I'm playing on wsex.com now..
not alot of people but the games seem soft.. so are the mtt's

Yorkpoker

we had an interesting discussion about this in Miami. I was sitting with management from Doyle's room and Poker.com and we sort of all agreed that rake free is doomed.

The only way to make it a realistic business model is to use poker as a loss leader for something more profitable. Like sports books. Then giving away the revenue from the average poker player (hovering around $500 in lifetime value) is still cheaper than aquiring and developing a sportsbook player (lifetime value of between $1200 and 2000).

What we believe will happen (and has happened with other rake free rooms - there have been 3 or 4 that have failed) is that the sharks go there cause the fish tend to free sites. Then the sharks eat all the fish and are stuck with tough games. What most of these players realize is that they do better in raked games against Noob's instead of what they save on rake.

At least, that's the history of these rooms.

Meistro

Yorkpoker : What other rake free sites have followed this path that you describe?

gokorda

that seems like a perfectly logicalsituation.. might as well go while the fish are around though