question for Anna/Stephen/Mermaid re currency changeover

RoundTower

recently the euro became the "official currency" for Boss sites like Mermaid.

This means you are now charging 30%+ more rake, right? So if I get a 30% rb deal on your network it is worse than playing on a different site with no rb deal?

If so, that's pretty disgusting, and a good reason never to play there.

NickyOD

How did you work this out?

nicnicnic

RoundTower wrote:

recently the euro became the "official currency" for Boss sites like Mermaid.

This means you are now charging 30%+ more rake, right? So if I get a 30% rb deal on your network it is worse than playing on a different site with no rb deal?

If so, that's pretty disgusting, and a good reason never to play there.

flawed logic; your also playing at a 30% higher buy in; say they changed it to Stirling which was 100% more or double the dollar then a $1/2 player effectively becomes a £.5/1 player the rake is the same

RoundTower

rake went from 5% capped at $3 to 5% capped at e3($4.24). I haven't checked the details of this, the mermaid poker rake page is a mess, so it would be nice to have someone here verify.

RoundTower

nicnicnic wrote:

flawed logic; your also playing at a 30% higher buy in; say they changed it to Stirling which was 100% more or double the dollar then a $1/2 player effectively becomes a £.5/1 player the rake is the same

not if the cap goes to £3 instead of $3, you would be paying twice as much rake in big pots.

White Knight

surely 30% RB of the new rake will be comparative?

RoundTower

White Knight wrote:

surely 30% RB of the new rake will be comparative?

I'm not sure what this sentence means but I think the answer is "no, and if you think about it sensibly you will realise why".

White Knight

yea took me a few minutes ... its early

Goodluck2me

RoundTower wrote:

rake went from 5% capped at $3 to 5% capped at e3($4.24). I haven't checked the details of this, the mermaid poker rake page is a mess, so it would be nice to have someone here verify.

im pretty sure this will only affect winning players though.

nicnicnic

RoundTower wrote:

not if the cap goes to £3 instead of $3, you would be paying twice as much rake in big pots.

was just up when i posted silly me how could i think for a sec you could be wrong. my sincere apologies. I have come to the conclusion over the last year that you are indeed omnipotent

Scummyscousers

He is annoyingly right though.

cardshark202

nicnicnic wrote:

was just up when i posted silly me how could i think for a sec you could be wrong. my sincere apologies. I have come to the conclusion over the last year that you are indeed wildly autistic

.

sikes

this is genius if true.

Goodluck2me

sikes wrote:

this is genius if true.

its pretty simple the effective maximum rake is now higher. If the dollar gets stronger however i.e. to match the euro they will be the same though.

NickyOD

Is the rake not the same on the cash tables where you play in dollars?

sikes

goodluck2me wrote:

its pretty simple the effective maximum rake is now higher. If the dollar gets stronger however i.e. to match the euro they will be the same though.

But what i dont understand is, if i am paying 3$ in rake last week and I am now paying €3 in rake in a capped pot why is donegal such a hole?

NickyOD

sikes wrote:

But what i dont understand is, if i am paying 3$ in rake last week and I am now paying €3 in rake in a capped pot why is donegal such a hole?

OMG. I thought you were a very nice chap until now. I hope you are only only talking about Donegal town.

Goodluck2me

NickyOD wrote:

I hope you are only only talking about Donegal town.

If he is, then tbf he has got a point. If not, then well, he is a scabby welcher who didnt pay for his dinner in Vegas.

He is also Ginger, by association, as he is friends with Reggie.

RoundTower

bump, to get this back on topic please. I understand Anna and Stephen haven't been around these last few days but it seems Anna is now back posting.

Anna, any comment on the rake hike?

luckylucky

I saw this topic before on 2+2 in regards to Cryptologic games where the max rake in sterling games was effectively twice that of dollars games, it's definitely not good news for players, certainly at the higher stakes for the currency to be anything other than the dollar, I don't play on Boss but if the max rake is $3 at the moment, I can't see Boss all of a sudden making the max rake €2.3. So doe sindeed look bad for Boss players.

Yip I think RT is annoyingly right alright

C4Queen

Hola!

Well i hardley read on the "poker" side of boards just the tournaments and its also been a bit tied up in time :-) so thx Roundtower for PM me so i can get a chans to replay. Havent even seen this thread:


the rake do not get higher.

Your base account will be in Euro but you can still play at dollar tables as before. Nothing really changes but yea am sure there will be more euro tables then before-......

While the money are in dollars on the table you dont risk anything more then that, over the same day the exchange rate back and foward will always be the same.

Goodluck2me

I just worked this out Roundtower, and well your calculations are correct in a sense. The only reason the rake has gone up is due to currency changes.
If the dollar grew significantly then the rake will effectively fall relative to what it was before.
You are playing higher stakes relative to the dollar now too, so you are then paying higher rake, but it is proportioanlly the same as before.

Im sure the rake gets higher at the higher levels no?

phantom_lord

no it's $3 capped at all levels.

NickyOD

phantom_lord wrote:

no it's $3 capped at all levels.

including € tables?

phantom_lord

no it's €3 capped at the euro tables...

i guess i should have said x3 where x=the currency being used at the table. that's the whole point innit, the cap is different now due to the currency change.

RoundTower

goodluck2me wrote:

I just worked this out Roundtower, and well your calculations are correct in a sense. The only reason the rake has gone up is due to currency changes.
If the dollar grew significantly then the rake will effectively fall relative to what it was before.
You are playing higher stakes relative to the dollar now too, so you are then paying higher rake, but it is proportioanlly the same as before.

Im sure the rake gets higher at the higher levels no?

did you read anything in the thread so far? if you were playing $3-$6 and are now playing €2-€4 you are playing approximately the same stakes, with a higher rake than before.

Also it's hardly a coincidence that the changeover was made when the dollar is at an all time low against the euro. I don't see the dollar recovering to >1 euro any time this decade either, so they are pretty safe on that one.

I don't know if the rake gets higher at the very high stakes, on some sites it does. I can't tell from the site. The mermaid rake page is a bit of a joke.

strewelpeter

So I assume all the action is at the $ tables but all the mathematically challenged are playing £ and € .

C4Queen

The currency conversion has been planned for a good 8 months and was scheduled to go trough 1 of july but pushed due to software upgrades that had to come first, its not just to click a button to change over to anóther currency.

I will make sure the people in charge for the "jokerakepage" at mermaid will know ;-) asap.

If you play with RB i am not sure i see the big problem in this... since you also will get moer Rb back...

Goodluck2me

RoundTower wrote:

did you read anything in the thread so far? if you were playing $3-$6 and are now playing €2-€4 you are playing approximately the same stakes, with a higher rake than before.

Also it's hardly a coincidence that the changeover was made when the dollar is at an all time low against the euro. I don't see the dollar recovering to >1 euro any time this decade either, so they are pretty safe on that one.

I don't know if the rake gets higher at the very high stakes, on some sites it does. I can't tell from the site. The mermaid rake page is a bit of a joke.

Now listen you here a second young man, i do see your point, but given that the whole site hasnt changed over and you still have the option to play at $stakes, whats the problem?
They can hardly keep changing the max rake figure every week depending on the currency exchanges? It just seems like the common sense thing to do.

MrPillowTalk

C4Queen wrote:

Hola!

Well i hardley read on the "poker" side of boards just the tournaments and its also been a bit tied up in time :-) so thx Roundtower for PM me so i can get a chans to replay. Havent even seen this thread:


the rake do not get higher.

Your base account will be in Euro but you can still play at dollar tables as before. Nothing really changes but yea am sure there will be more euro tables then before-......

While the money are in dollars on the table you dont risk anything more then that, over the same day the exchange rate back and foward will always be the same.

You havent answered the question, if you play at a Euro table you now effectively pay 40% higher rake on capped pots. This was a big annoyance of mine with Cryptologic when I was playing a lot on there, all the action there was on the sterling tables where the rake was capped at £3 as opposed to Dollar tables capped at $3 whenever Id bring it up with other players they seemed incapable of actually understanding they were effectively paying far more for the service, so by virtue of the fact that people keep playing despite you doing this it makes good business sense.

I dont think its disfusting like Dave does, you can charge what you want its your business afterall but it REALLY annoys me when poker rooms try to cover up the fact that the charges are now much higher. If your charging more fair enough but come out and say so. The argument that there are still dollar tables available is redundant really as most casual players will play € tables out of familiarity for their home currency and only the ones who know better ie the better players will stay playing exclusively dollar tables.

Goodluck2me

MrPillowTalk wrote:

You havent answered the question, if you play at a Euro table you now effectively pay 40% higher rake on capped pots. This was a big annoyance of mine with Cryptologic when I was playing a lot on there, all the action there was on the sterling tables where the rake was capped at £3 as opposed to Dollar tables capped at $3 whenever Id bring it up with other players they seemed incapable of actually understanding they were effectively paying far more for the service, so by virtue of the fact that people keep playing despite you doing this it makes good business sense.

I dont think its disfusting like Dave does, you can charge what you want its your business afterall but it REALLY annoys me when poker rooms try to cover up the fact that the charges are now much higher. If your charging more fair enough but come out and say so. The argument that there are still dollar tables available is redundant really as most casual players will play € tables out of familiarity for their home currency and only the ones who know better ie the better players will stay playing exclusively dollar tables.

Some good points made.
Maybe they should just cap all tables at $3 and then just take that days conversion for deposits? i thought it would be hard to do then realised they do it for every deposit anyway so i can see how simple it is now.

Hectorjelly

C4Queen wrote:

If you play with RB i am not sure i see the big problem in this... since you also will get moer Rb back...

Haha, this may be the funniest post ive read in ages. I dont mean to offend you Anna but this is either really dishonest or really stupid.

DeVore

1. If I paid $500 in rake and had 20% rake back I would get $100 back.

2. If I paid £500 in rake I'd get £100 back.


£1 roughly equals $2 so we can rewrite the second line:
If I paid $1000 I'd get $200 dollars back. Its true, I DO get more rakeback, back. BUT I would rather not pay the larger rake in the first place.

Not paying more rake in the first place is like.... 100% rake back!

Just clarifying the maths....

DeV.

White Knight

Take an example:

if you played $10/$20 you paid rake $3 max

now the equivalent game is £5/£10 and you pay max rake £3

Big Jump in rake :rolleyes:

Vamos

It's more about what you are paying per hands played .

Hypothetically monthly

30k hands at $10/20 = Rake of $10000 = $2000 at 20% RB = Rake paid of $8000

which is equivalent

30k hands at £5/10 = Rake of £10000 = £2000 at 20% RB = Rake paid of £8000

So obv for your 30k hands you are losing $8000 by playing in sterling.

Mellor

Devs point was in relation to rakeback and the suggest tht the increased rake is ok as rake back increases. It clearly isn't.

If you play in euro you will pay more rake (40% more),
you will also get more rakeback, (40% more)
So when subtracting the RB from the rake, you are STILL paying more, (40% more)


Even if it is "hard" to convert rake at every pot, (which it probably isn't as you can convert quick enough when some one wants to sit down) it isn't acceptable to charge €3, or £3 per pot.
Adjust the rake on a monthly basis, take the exchange rate on the first of the month and work with that, euro should be in the €2.15 range.
It is true that the rate will change towards the euro during the month and euro rake will be slightly less, but it is also just likely to go the other way and dollar will be less. The variation will only be +/- a few cents at best. And as all players should know, this just varience and will level in the long run, quite quickly infact.

C4Queen

Ok, you lost me guys, cant really help you in this one, but rake structure is the same in whole software so i will get someone from Boss Media to answer this one , asked them already yesterday so hope i got something today.

Maybe someone in here from the other skins, i know there are a few can answer?

Forgive me for being daft but i dont really understand this, IF the players currency are Euro, witch it is in Ireland, how can this be a problem?

Its been widley discussed in forums in Denmark too but i been trough them and cant still see anything there that can help you more here.

Anna

Lafortezza

There's been about 6 posts clearly explaing how the recent rake structure changes (due to currency change) make it more expensive in terms of rake to play on mermaid, can't see how anyone can make it any clearer.

jtsuited

i really am horrified at how c4queen can't see what the problem is here. I can't see myself making any sort of deposit on Mermaid in the near future (first of all for their rake hike) but mainly because of the failure of one of their employees to see what the argument is.

Fairplay to roundtower for bringing this up. And shame on Mermaid for doing such a sneaky thing (albeit good business sense!).

green123

C4Queen wrote: »

Ok, you lost me guys,

Forgive me for being daft but i dont really understand this,

Anna

no, i cant forgive you
totally unacceptable

C4Queen

Are you for real?

No i cant personally see what the problem is when living in a country that have Euro as its base currency, but neither the same regardless on what i feel, - why dont just stick to the dollar tables then?

I am awaiting answers from the software on this since i cant sort it for you, if this make you chose to play somehere else well.. what can i do dear, i been online here day and night last months trying to answer questions quick so not sure your tone is needed really.

The rake is the same on all 120 + skins at Bossmedia.

There are tons of sites out there on different softwares, and as i always says to everyone, you really should play where you are happy and feel you get the most, and if that can not be on Mermaid due to i am being daft am sorry and sincerley appoloqise to you but i wish you all the best of luck wherever you go dear! and i mean it.

C4Queen

green123 wrote: »

no, i cant forgive you
totally unacceptable

How about quoting my whole post instead of just a few words?

Mellor

C4Queen wrote: »

Are you for real?

No i cant personally see what the problem is when living in a country that have Euro as its base currency, but neither the same regardless on what i feel, - why dont just stick to the dollar tables then?

Living in a country where euro is the base, it would be fine playing in euro, if we were paying the same for the same service.

Each dollar pot is raked $3
Each euro pot is raked €3

This is a higher fee. Thats the problem. The rake should be €2.15 in euro pots. For example we had to pay $205 into the IPO which was a €150 game, because the currency is different.


If Aussie or Hong Kong Dollars are brought onto the system, would these be raked at AU$3 and HK$3 each too?
As they are lower than the dollar I doubt it

califano

Hot Dog!:)

RoundTower

Hi guys
Anna is broadly right, in that there are still both € and $ tables, so you have your choice of which to play on.

However, since everyone's currency is now being tracked in €, this means there will be a lot more € tables than $. So overall, people will pay more rake. I just hope people are smart enough to continue to play at the $ tables. But I doubt it.

I am however disappointed at Anna's "misunderstanding" of the situation in this thread. (After all, if you are still getting rb it shouldn't make any difference? lol)

Dave.

C4Queen

Ones RB is calculated on the generated rake so to ME as a player i can live with it, but thats my personal weiuw (sorry cant spell that word know its wrong so you dont have to tell me) and am not a " balla highroller raker", i just generate around 9-11 000 $ a month, but i have respect that for those who generate more it can be costful. Then i would stick to the $ tables.

I cant do anyhting to change Boss Medias rake system, neither can Mermaid chose another rakessytem then they got. What i can do is make sure they know it sucks, no worries. Concider it done.

RoundTower

what? 9k/month is more than I generate, and more than all but 5 or so MAX boardsies generate, so that puts you in the balla highroller raker class for sure. What you COULD do is -- since Mermaid now make 30% more rake -- increase the RB to 50%. You still make more.

C4Queen

Really? so am a balla highroller coooool!!

well thing is Boss set a cap last autum to RB on 30% so we try to do other things for our players instead. Its important to respect the RB cap for all skinns or it gets messy. some skinns got warnings and even penalty.

Cant and wont use this thread to throw out promotions so just ship a mail instead if you want to know more about what Mermaid can do for the player.

I try to respect DeVore ::) he is my absolutley favourite chipcountfetish man!

opr

From just reading this whole thread i am fairly certain that Anna still does not understand what you are trying to point out Dave.

Opr

opr

Did you start a thread on 2+2 about this as i think its disgraceful and should really be pointed out to a wider audience ?

Opr

C4Queen

opr wrote: »

From just reading this whole thread i am fairly certain that Anna still does not understand what you are trying to point out Dave.

Opr

I do understand, but i cant do anything about it, surley you have to understand that?

NONE of the 120 + Skins have been involved in however newtwork will change or not into other currency.

I would as a player (i do play a little bit myself too) be seriously upset if they took away the altenatives to still play at $ tables, but as long as they are there and one can use them that is an option i choose to get not upset.

And isnt it funny, there are several readers and posters in here that works for Boss Media skins, why cant they add their opinion?

Very simply, rake getting higher is a red negative alarm clock so of course noone wants that discussion. At least i clearly tell you my opinon, and i do play my self too and i also say one shall definatley play where one are happy and am fully confident that Mermaidpoker will keep most their players regardless to this change since we do a lot of other things for players and give very personal service 24 hrs a day, after all we are the skinn in the the software that has the absolutley longest "stay" % among players and we have had that for long time.

And once again, play where your happy and feel you get most for your time and invested money, if it is with us, am of course happy, if it is not with us i am happy still, as long as you do whats best for you.
Its really not that complicated.