re: Poker & WTF is going on at MERGE?
Originally Posted by waz666
Big overlays show a sign of weakness in the business model. In any other business if your selling something for a loss, you'd panic. If I were on Merge (which admittedly I'm not) I'd cash out whatever I didn't plan on playing in the next 1-2 weeks. Probably a good rule of thumb for all US poker rooms. Hopefully it's just an anomaly, but better safe than Full Tilted.
Not sure at all it is a weakness in the business model, but it is an error in the business execution. These games with late registration, and guarantees, used to be rebuys and add-ons, and they generally all covered the guarantees. Someone set these games up to fail, favoring the players. Hopefully this is not some new norm. Unfortunately, we players are not stupid and realize that if the biz fails, we lose many outs.
Cashouts via merge have been a royal PITA. This is largely due to UIGEA, but Merge could have done other things. The biggest effect FT would have on Merge is to entice players to move out of the US. If I could find a 3rd world , English speaking nation, with warm temps, and great internet, I would retire there in a heartbeat.