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Partypoker Changing Rake Structure
Tuesday August 23,2011 : Online poker provider switches from the 'dealt' rake structure to a weighted contribution model
Party Poker, one of the pioneers among online poker operators, has decided to make a fundamental change in the way it calculates rake from August 24, switching from the 'dealt' model to the much discussed and often controversial 'weighted contribution' method.
In the older 'dealt' model, rake is calculated by dividing the total rake paid in a hand by the number of players participating in that hand.
In the weighted contribution model, which is said to attract more inexperienced players to the game, every player is credited rake based on the percentage of money that he or she individually contributed to the pot.
In a further move, and one that is not expected to be popular, the company is about to reduce the rake on its popular sit 'n go tournaments.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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