Originally Posted by theskillzdatklls
there is no question that a poker site could charge 1% cash game rake and 1% tournament entry fee and still make obscene profits. if i didn't have plans in the near future for a professional school i'd get some vc money and push that business plan forward. i mostly wonder how larger companies like pokerstars and fulltilt would react if it took off the ground.
I think the idea you want to think about is a kinda napster of poker. Suppose we had some way of settling the bets that went outside of the poker software itself. So for example, suppose we had some freely available software to run, say a tournament. The software can be easily written and should be open source (although I admit it is hard to make a rng that is uncrackable). Now lets suppose we have an account system that allows any one person to organize a tourney. This can be anything, like a paypal
account, or otherwise. The person in charge can organize the tourney for free, or for whatever he wants to charge. This person, is then responsible for distributing the winnings. Alternatively, one can set up a "bank" to deal with entry fees and price money. Someone could operate the bank for profit, or otherwise.
So yes, I agree, it ought to be possible to play poker online for next to nothing.