Originally Posted by Makwa
You might have something there.
Lets see a business plan that accounts for overhead and can make it work.
Could call it TwoPercenters.
Might run into some kinda cybermob tho....
Actually is a very good idea Why has nobody done this?
There is no doubt that the theory of lower price = higher demand has been tried. In this case my thoughts of why this would be very hard to achieve is this:
Running game online is very cheep compared to an actually casino. A network of hardware would be needed to process the information. Sort of like servers for a game, but probably more complex.
The start up cost for a project like this would be a lot. The legitimacy of this program would have to be top notch. This would need a professional development team not so basement programmer. So like the first replier, a large start up capital would be needed.
Also let's say that a program is pushed through and it's totally legit and working. Without mass advertisement at start up, gaining even 1% of market share would be close to impossible. Of course word would get out and a slow and steady customer base would follow, but by the time that happens, the company would most likely be in the far net gross negatives.
From as far I can see right now, online poker rooms are like oligopolies which means the market is dominant by a few number of producers. Putting a new poker room with micro rake out there on the market would force competition for other producers. With such a small market share from the start up micro rake company, the other companies with dominant market share would most likely find some way to drive it out. So the new guy wouldn't want to try a new micro company. It could be best to just charge the same rake and work from there.
Hahaha I guess I sort of argued against my idea. Well I would love to see more ideas guys!