888 is taking 63% of my profits! Demoralizing!

Lostmyhouse

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I am obsessed by the sick rake on 888 and i am seriously thinking about taking my cash and run. Tried to just neglect it and keep grinding but it's really really hard and i have come to a point.

I will contact 888 on email and ask them about their thoughts about taking 63% of the people's profit. Will post any respons here in the thread.

I put 20 dollars in the account and have so far made 85 dollars, which of i get 32dollars on my own!!!That is around 37% of the profit!!!!!!! 63% goes to 888.

That is just so wrong in every way. Sure there need to be a rake but seriously taking 63% of the profit is just insane.

Keep grinding especially when you are running bad when you know that the site is taking 63% of your profits is just impossible to me..
I am basically working for a site to take other peoples money. I bet they have lower taxes in Cuba.

http://postimg.org/image/lnqv3refl/

I have been thinking about this in a couple of weeks, hadn't played any SNG on this jokesite last week but thought about changing that. Played some today and ran bad and this graph is just so demoralizing to me..

Sure the competition is harder on pokerstars but atleast you get your fair share.
AND you can actaully move up and getting up to 60-80% rakeback at the higehst level, at 888 do they offer you a whoping 27% rakeback at the highest limit. :mad:
 
Lostmyhouse

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rake too high then move site?

Played my first two games on Stars right now. I guess we all end up there sooner or later. More regs sure, but what's the point of playing on a site with fishes if the rake is so extraordinarily huge that you feel anxiety every time you look at your graph because you know that there is a blue line and it's is not pretty.
 
BluffMeAllIn

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So you took 20$ up to 52$ and paid 33$ in rake along the way......we all know that 888 has a higher rake than stars but you could easily come back and see the exact same thing happen on stars.

The question is how many hands did it take you to get from 20 to 52 and at what stakes, all of this determines the rake amount.....you make reference to them taking your profit however if you were losing they are still getting their rake so then would you complain that they are attributing to your losses?

Give some details that mean something to determine the rake in that situation, add up all the pots both wins and losses from your point of view all being positive (so you win 5$ and you lost 5$ then we have a value of 10$)......you need to base the amount of rake attributed on the amount of money bet not what you profited....so as an example if going from 20 to 52 you had wagered (so wins + loses) 500$ and paid 33$ in rake then you paid only 7% roughly in rake.........not the huge #'s your spitting out.

Anyhow, gl now grinding on stars with the lower rake.

edit: just saw the screenshot, still doesn't really give much and by the looks of it all that means is that you paid 50$ in rake grinding out the 350ish games, so about 13c a game...... sounds like you are grinding sng's and have never grinded much anywhere before because it's going to be the same anywhere really. Looks like you have about a 10% ROI if looking 1$ games, if thats 9 man stt's its an ok ROI and this is just the nature of the beast everywhere. Go play a few thousand games, break even or end up with a loss and have a look at how much rake you paid....or better yet don't because it might tilt you to lose more than the house.
 
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Lostmyhouse

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So you took 20$ up to 52$ and paid 33$ in rake along the way......we all know that 888 has a higher rake than stars but you could easily come back and see the exact same thing happen on stars.

The question is how many hands did it take you to get from 20 to 52 and at what stakes, all of this determines the rake amount.....you make reference to them taking your profit however if you were losing they are still getting their rake so then would you complain that they are attributing to your losses?

Give some details that mean something to determine the rake in that situation, add up all the pots both wins and losses from your point of view all being positive (so you win 5$ and you lost 5$ then we have a value of 10$)......you need to base the amount of rake attributed on the amount of money bet not what you profited....so as an example if going from 20 to 52 you had wagered (so wins + loses) 500$ and paid 33$ in rake then you paid only 7% roughly in rake.........not the huge #'s your spitting out.

Anyhow, gl now grinding on stars with the lower rake.

*Clearification on former post.
Have been playing on Pokerstars over 2.5k games so not like i opened an account. Tried out 888 because they said the competition was softer and sure it is.. but the rake!
*

Hey man
.
Have been playing 1dollars 9man SNG on 888. Or should we call them 666..

Fee on those one is .15dollars
This is already higher than all the other sites, pokerstars starts at .12dollar per 1dollar.

Have been playing 316 SNG
316* 0.15
=47.6
47.6 dollars in fees/rake to 666 sorry 888

Same amount with a fee at 0.12 per 1dollar would sum up to 37dollars in fees

My actually profit 32+47=79
Exactly what is shown on the graph i added to my first post in this thread.

THE RAKE THE SITES are charging you are money which is deleted from the "total pot" the 9 players are playing for.
I don't really know how you make it sounds so complicated.

Response on EDIT:
1. The fees on 888 is higher. 0.15 or 0.12 makes a
30dollars change over 1000 games!

2. RAKEBACK!
Effective rakeback on 888 is 2.5-4% on the lower limits.
27% on the highest and this level will you pretty much never reach if you are playing SNG.

Pokerstars. Already at Gold do you get 25% rakeback. This is huge compared to 4%..

Ex.
1000 games

Pokerstars
0.12*1000=120
Rakeback
0.25*120=30
120-30=90

90 dollars to Pokerstars for the people on pokerstars to do stuff you do at pokerstars

888 (also called 666)
1000*0.15=150dollars
Rakeback (lets say bronzelevel 4%)
150*0.04=6
150-6
=144

Difference between 666 and Pokerstars 144-90=54dollars

54dollars is huuuge
 
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Daniel72

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I did not look at the cash games but at least in tournaments i see around 10% fee and not 63%
looks normal
and 888 has more bonusses & promotions than other sites
plus softer games
 
BluffMeAllIn

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If you want to do a true comparison of the two you would have to factor in your winrate/ROI as well.

Over the 1k game samples you indicated above if for example you have an 8% ROI on stars vs a 13% ROI on 888 this wipes out the difference between the two (since you would profit 80$ on stars vs 130$ on 888 on the 1k sample if were all 1$ games...which we know stars don't have lol). The difference you would obtain between the two in ROI will often offset the difference you pay in rake, and often can compensate to mean you are making a better return even with higher rake on 888 vs stars.

As for taking rakeback into effect its not a fair comparison considering as you mentioned your at the bottom on 888 vs being goldstar on stars, obv stars has a better rakeback/vip scheme than 888 but again it all comes back to the ROI you can obtain from a softer site that can easily offset the higher rake and lower vip rewards.

I think the biggest factor typically when people are chosing between the two would be volume, if they are mass multitabling than stars is likely the only place if playing only one site where can put in the most volume.........anyhow I'm just trying to point out that what you are getting frustrated over could be nothing if you don't have a relatively significant sample on both sites for your comparison which would have to include your own winrate to determine if you are in fact more profitable on one vs the other.

There are always many variables in play that need to be considered.
 
BluffMeAllIn

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I did not look at the cash games but at least in tournaments i see around 10% fee and not 63%
looks normal
and 888 has more bonusses & promotions than other sites
plus softer games

yes this as well, almost every week you can deposit on 888 and get free tickets for games.....i think typically deposit 165 or something like that and get free tickets for 7$ mtt's (i don't recall the exact numbers offhand)..........consider any winnings + entries from those into a "rakeback" if you would and could easily end up with more rewards/rakeback when taking advantage of all the promos on there vs other sites.
 
veltins

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888 got so many promo offers whole week + many more . i like pokerstars the most , but 888 has def better promo deposite offer
 
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T&C guys, we are all accepting all that crap and all their changes on site (including the rake values) or whatsoever before it even happens...it's not like someone is inviting us to play...
Anyway, good luck on stars buddy
 
BentleyBoy

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The observant cynic might say that had you read the terms and conditions prior to deciding to join, or having joined decided to continue to play following a change of conditions which you also read, then you decided to take on the terms and conditions as accepted, no matter how unfavourable they may be to you.

It sounds like you have now reached the point where you have realised the consequences of the conditions set by 888 and have decided that you no longer wish to accept them ( regardless of whether you knew them originally or subsequently). The prerogative is now yours. However, one piece of advice, to prevent future disappointment; read the terms and conditions of any new site that you join and decide before joining whether you are going to be happy with them. It's a big like buying a car that does 20 miles to the gallon when fuel is $5 a gallon, only for the price of fuel to go up to $7 per gallon.
 
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I dont agree with the "they are taking my profit".
When it became "your profit". Its just the fee, you were informed about it.
Its like complain at restaurant about cost of the food. You dont like it? Go elsewhere, there is no monopoly.

I was also complaining about 888, because of the currency exchange rates. But the end it was my mistake. They are not bank, so yes, exchange rates are bad.
At next chat during deposit, I just asked support in chat to adjust my account currency. No problem, done in 2 minutes, no exchange rates anymore.

So yes, 888 has more expensive fees, just select room with best fee vs. quality ratio.
 
Lostmyhouse

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The observant cynic might say that had you read the terms and conditions prior to deciding to join, or having joined decided to continue to play following a change of conditions which you also read, then you decided to take on the terms and conditions as accepted, no matter how unfavourable they may be to you.

It sounds like you have now reached the point where you have realised the consequences of the conditions set by 888 and have decided that you no longer wish to accept them ( regardless of whether you knew them originally or subsequently). The prerogative is now yours. However, one piece of advice, to prevent future disappointment; read the terms and conditions of any new site that you join and decide before joining whether you are going to be happy with them. It's a big like buying a car that does 20 miles to the gallon when fuel is $5 a gallon, only for the price of fuel to go up to $7 per gallon.

I did reach a point, it was unbearable to be looking at the graph so i just stopped, am currently playing on a swedish site and will play all my SNG at Pokerstars.
I really dont think that the easier competition on 888 makes up for the absurd rake.
And the idea that you someday atleast can get ok rakeback at Pokerstars is enough.

Giving the dedicated levels on 888 higher rakeback would do it. But they actually decreased the rakeback at the highest level from 36 to 27%. Huge
They made it to give the recreational players a boost, well the lowest limits got like 0.5% higher rakeback.. But well the are pretty much saying F@ to the grinders so i guess it is in the favour of the recreational players. If the only know the rake this site takes...
I am not going to be the one taking the money from those guys to give it to 888.
 
Lostmyhouse

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Today did i withdrawl every penny from this site.. Even the withdrawl had bad conditions to it.. I transfered some money form one account to my main and guess what.. because of this misfortunate action from my side couldn't i withdrawl the whole amount. Nooo, dont let the peasant withdrawl his hard-earned 37%, nooo. Lets make up some crazy conditions about it. They actually demanded me to play more to even withdrawl my hard-earned 37%.

Now i am taking my money and running as fast as i can. Byee 888. 37% for ever. please get off my back.

This very pleasing picture sums up 888 in a very good way.

https://www.google.se/search?q=leak...dbH_NbQxgIVI3VyCh3ZCA6-#imgrc=0BIBFx6VpnVo5M:
 
BluffMeAllIn

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Well here is my advice, don't multiaccount. :p
 
Lostmyhouse

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Well here is my advice, don't multiaccount. :p

This site (888) is messed up. They dont care about the players. Alteast not serious players. Even if those guys are the suckers they drain up the most of their money from. Emailed and asked in their official thread on another forum what they think about taking around 60% of the poor guy's profits, they just answered that you can get nice prizes and advantages if you are dumb enough to climb their advantageous and juicy monkeyladder. Well guess what 888. Giving 27% rakeback to the most dedicated peasants SUCKS.

Greedy 888 you have lost this peasant.
 
8

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Today did i withdrawl every penny from this site.. Even the withdrawl had bad conditions to it.. I transfered some money form one account to my main and guess what.. because of this misfortunate action from my side couldn't i withdrawl the whole amount. Nooo, dont let the peasant withdrawl his hard-earned 37%, nooo. Lets make up some crazy conditions about it. They actually demanded me to play more to even withdrawl my hard-earned 37%.

Now i am taking my money and running as fast as i can. Byee 888. 37% for ever. please get off my back.

This very pleasing picture sums up 888 in a very good way.

https://www.google.se/search?q=leak...dbH_NbQxgIVI3VyCh3ZCA6-#imgrc=0BIBFx6VpnVo5M:
So how many 888poker accounts have you got may I ask?
 
V

vic75

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Simple play somewhere else or create a site and make your own rules for rake looks like you shot yourself in the foot with this thread.
 
DaveE

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Simple play somewhere else or create a site and make your own rules for rake looks like you shot yourself in the foot with this thread.

Agreed and lol:)
 
NightFun

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Myself, I like 888. And if you have more than one account sir, you will be lucky to get any money at all! that's a big no-no... everyone knows that. 888 should say good bye to you..
 
dopeddrgn

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888 blows since they changed the SNG formats. Wicked rakes, lower payouts, higher blinds and hardly anyone playing anymore. I grinded a very nice BR from next to nothing due to the fish and donks but its gotten to the point where its almost not worth playing SNG's on 888. 888 is in fact pushing a lot of players away from their site these days. The promos are garbage too unless you like having a million tickets for 1000 buck freerolls with 10000 players playing them. F 888.
 
zarzar78

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That's the bussiness of all pokersites, for pokerstars for example this year; i have make more than 480$ ( 2200 fpp ) and have make around 30$ profit !!.
The best solution is to have a rake back deal or to take advantage for special promotion in maximum, other way, it's so hard to make some money.
 
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I quite like the way 888 is set up in terms of free rolls and variety of tournaments and SNG's but their software is inconsistent between devices (quite poor on ipad) and they have some serious reliability issues. I've been playing on that site or over 2 years and have just decided to draw a line under my bad experiences (connectivity) and move elsewhere.
 
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