Question on Dutch Boyd's - Rakefree.com

I had recently heard that his idea had gone bust but haven't really been able to find any information as to when/why/how it failed. I went to his site and read over his business plan. I have to say that I think it's a pretty good idea and I think that with the success of online poker that most current players would at least give this type of thing a shot since most decent players know about the rake factor and how much they are paying in rake per session. He has some pretty lofty marketing idea, some of which are a little far-fetched. However, the basic structure of the rakefree site itself is an interesting concept.

Anyway, I was just curious about the forum member's thoughts on this subject and if anyone has any articles about it. Thanks!

well I just went on the site, and it it looks a lot better from how it used to look, so I'm guessing he is actually going to go through with it. I'm guessing the success he and his friends had at the wsop helped to push this along.

Will be interesting to see what he will do if this site is successful considering the pokerspot issue.

The problem with the Rakefree idea is that it appeals to good players. The genius of Party Poker is that they target, market and tweek their games for the fish knowing everyone else will follow.

enough advertisements and i'm sure weak players will sign up sooner or later

The rakefree idea is very interesting but there are several hurdles. For one thing a lot of people are still upset about the way his last venture ended up.

yep, and i'm sure people who have lost money on pokerspot aren't happy that Dutch Boyd is playing 10k tournaments and such..

I think the idea will be implemented by someone either by Dutch or someone else. I think someone will be able to bankroll the idea, only $10 million, nowadays that is nothing. If I can raise 1.5 million for a driving range/miniature golf course they will be able to raise more than 10 million. Like I said either Dutch or somoene else. I agree with Fnord to some extent, though I think after a short time websites would have to institute the same or they would lose out. If this idea is brought to the market, people will leave the rake sites in droves. Soon there would be very little action at those sites such as Party, Paradise, and PokerStars, thus the exodus would continue. Sure it will depend on how they institute it. (ie marketing, advertising, software, pay-ins & payouts) I dont think I will be the 1st in line but maybe the 10,001st. Just my 2 cents.

That is if I ever win anything at poker again. I'm telling you this is more than a slump. It is unreal. Im going to play at the B&M tonight maybe that change will work.

I'll take a win anyway I can get it. Yes, with the way it is going I'll take charity. Thanks Smile

If you're already a losing, "action" player, why do you care about rake? Wouldn't you rather see a Bad Beat Jackpot?

How many times would you get a bad beat jackpot, almost never. Four of kind beaten?? I would certainly perfer $2 in every pot I win. That adds up!! You could play forever and never win a badbeat jackpot. Its the fricken lottery. Do you play that?

Are you suggesting fish make rational value decisions? Isn't their lack of ablity to think like this what makes them fish?

If you really want to see rakes go down, there is only one thing you can do about it. Write your Congressmen to get some national level regulation and legalization of online poker. The grey-market status of online poker right now drives up the costs and scares off potential competition.

With a legal green light Hanna, Circus Circus, etc. could run Party into the ground overnight.

BTW, played at the BBJ table this morning. ~250 hands, net -$30 mostly via my stupidity. Missed a couple value bets and chased around 3 hands I should have dumped. Amazingly soft table.

BTW2, I have it from a good source that Party will bring in over $500 million in revenue this year. They have found the best license to print money since Microsoft.

But why would they get rid of the rake? It works for them. They have the money to totally dominate the "little" guys(PartyPoker) on software, marketing, etc. But no reason to get rid of the rake. I agree it would take a while but if they were able to educate people on what the "rake" is people would change their habits. Like I said I would be the 10,001st player not the first. Waiting for the fish to move up stream. Staying around the normal sites until the play dried up or they changed thier rake structure.

BTW Being almost conservative to the point of liberatarian. The less the fricken goverment has its hands on the better.

Has aggressive competition lowered the rake in Vegas? They all have an agreement on what it should be, and all enjoy the profits. It takes new and different ideas to bring about change not government intevention. Also with how anti gambling the Republicans and Democrats are becoming there is very little chance of the federal government becoming less restrictive probably only more restrictive.

I know approx 1 billion (and growing) little rea$on$ the government will reconsider given time... Also, the competition in Vegas (or any local area) isn't as aggressive as the competition would get if online poker rooms opened up in the US.

I get it so the government could take their "rake". Are you trying to get me to flip out? Laughing

I think maybe some government competition would help lower their "rake". Their "rake" is way to big. Boy after the Presidential poll I'll probably hear it now.

Hey scgolfer - You seem in a little better spirits today. That's good. Did you calm down over night?

No not really but I'm trying the "Serenity Now" approach. Serenity now, Serenity now. The problem is that damn Fnord is getting me worked up over this thread. Just kidding. The overwhelming slump is not over yet, but hopefully tonight. Thanks for asking.

I agree with that analysis. I just dont see it getting easier to gamble, only harder. Once again my feeling is less government = good. Personal responsiblility = good. So you know my feelings. I think we agree on most of these political ideas though. Because the way the rake structure is now, the players lose the online company wins big, which I dont have a problem with in theory.
The whole thing reminds me of telephone bills.. Used to be a per minute charge then someone came up with a monthly unlimited plan. Now everyone uses unlimited use plan. I can assure you that everyone thought no way that would work.

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Question on Dutch Boyd's - Rakefree.com