Sporting Odds Rake Back

[danno375]

I know there has been some confusion about Sporting Odds rake backs.....I can now clear it up. I was getting a rakeback and no one else seemed to be getting it. Got this E mail from the dead nice man, Joe Legge. Thanks for having been one of our rakeback guinea pigs for the last few months. March will be the last month for in which we run this trial scheme but from April we will be starting up an official SportingOdds rakeback plan. Here's how it's going to work; - If you rake $1000+ in a month we'll give you 25% rakeback. - If you rake $2000+ in a month we'll give you 30% rakeback. - If you rake $4000+ in a month we'll give you 35% rakeback. You will receive an official SportingOdds e-mail in the next week with full details. I will pay your March rakeback in to your account as per usual on Monday 3rd April. Thanks once again, Joe SportingOdds So there we have it....I was a guinea pig. Feel a bit tight for whinging about them so much now as I have raked quite a bit back!!! Won't let that stop me though!!! Hee hee hee Danno the Guinea Pig!

[robilaruk]

Re: Sporting Odds Rake Back This is a step in the right direction however, before we all get excited by this shall we do a bit of maths and see how good this offer is? STT's Assuming that STT's qualifiy for this, the chance of getting rakeback is slim unless you mega multitable and/or play for more than 3 hours a day. the maths bit you 4 table the $20+2 for 3 hours per day, so you generate $8 per hour in rake and $24 per day (make it $25 to keep the maths easy). Assuming a 30 day month you generate $750 per month in rake and so wont qualify for rakeback as you need a minimum of $1000, if we make it 4 hours per day (=$32 per day) you still wouldn't qualify! So you would need to be 8 tabling the $20+2's to get rakeback and in my experience Sporting don't have the traffic to do this on the site all the time (if ever?) and forget the $50+5's to increase the rake - you can wait 10 mins for a game to fill up sometimes, so I doubt you would get 4 games/hr in. Cash games I am going to make some broad conservative assumptions here, playing the .25/.50c or 50c/$1 tables. The rake per game is normally $3 per hand with 3 players qualifying as 'contributing to the pot' - as per the current rules on what is a contributed hand and how the rake is split between participating players. Which means that each player generates $1 in rake. So assuming you are a solid player on a table with 40 hands per hour you will probably be invovled in 8 pots per hour (2 hands out of 10 for a tight player) for a total of $8 per hour in rake. We know that this is not enough to get you rakeback if you play for 3 hours per day - so again you will have to up your hours or multi-table. However, it is very rare for a pot to only have 3 players qualifying for the rake, in my experience you see a raise of 2Xbb and reraise another 2Xbb and still have 6 people on the flop, so your rake is now 50c, not a $1 as the max rake is $3 - as per the sporting website: 26. The house shall collect a 'rake' not to exceed $3 per pot, except in games featuring stakes of 1-2 or lower, where the maximum rake is $1. Please see 'house rakes' on our website. (INTERESTING - I cannot find the 'house rake' on their website!!!). I am using these two examples as this is the rough level at which I play, and I have kept my a/c at sporting as I was aware from emails I have had with their site that rakeback was (potentially) coming however, due to the minimum rakeback you need to generate to qualify I will find it very hard to get any money back into my a/c for the poker I play. Most sites pay rakeback on any amount wagered per month. I will wait to see their email before completely dismissing this as any more than a gimmick/smokescreen to keep us punters 'happy' and keep us at sporting 'beleiving' we will get rakeback when patently we wont (assuming the current structure stays as it is and you will need to generate minimum amounts etc etc etc). Looks like my account will be leaving sporting very soon, other boss media sites have affliate programs where you get rakeback on any amount wagered, so I will be signing up with them instead. It is a small positive step forward by sporting, but I can't see it working for most 'average' players, I hope they re-think this before they launch. Just my thoughts Damo :cheers ps If someone from Sporting would like to comment on this, or anyone else wants to point out that my maths is wrong then please do.