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gross v net?

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Chopper

06-14-2007, 02:09 PM Post subject: gross v net?

#1 (permalink)

Straight Flush

Join Date: Dec 2005

Location: St. Louis, MO

Posts: 4,255

i always figured that rakeback was only what "you" contributed...meaning, it only comes off of pots you won, since thats the only time "you" pay any rake.

but, am i seeing this correctly? there is a difference between gross (where all players split the rake evenly) and net (where you only receive what you paid in)?

if so, i assume absolute is net (contributed) and crypto is/used to be gross (dealt)?

can anyone clarify? and also tell me which one FTP is?

many thanks.

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Miffed22001

06-15-2007, 12:46 AM

#2 (permalink)

Straight Flush

Join Date: Jun 2005

Location: Marry Me Cheryl!!!

Posts: 8,181

Contributed rakeback is where you are given a percentage of any rake you contribute.
If you play a ten handed pot that got raked $3 you get 30cents.
On a gross rake deal you get 30% of any rake taken (i thnk)

However, youll find the industry standard is contributed and nearly all sites have moved to it. The big movers that started it were prima who killed off all the awesome prop deals they did and ap followed pretty qucik with UB.

Chopper

06-16-2007, 02:42 AM

#3 (permalink)

Straight Flush

Join Date: Dec 2005

Location: St. Louis, MO

Posts: 4,255

so, if i watch my rake in PT, i will show a different number?

i am playing AP right now, and i cant see the credit they are giving me matching up to what i have paid according to PT.

the rakeback is less. 30% of $4 is $1.2o.

however, the site watching my numbers says my "revenue" is $2.10 and my 30% is $.61.

it seems to me that if i were getting a share of what i contributed, i would be getting more, not less, than what i showed in PT that i paid through winnings?

what am i missing?

LHE is a game where your skill keeps you breakeven until you hit your rush of random BS.

Nothing beats flopping quads while dropping a duece!

biondino

06-16-2007, 10:30 AM

#4 (permalink)

4-of-a-Kind

Join Date: Apr 2005

Location: Putney, UK; Full Tilt,Mansion; $50 NL and PL; $13 and $16 SNGs at Stars

Posts: 3,170

Chopper, I think you're mixed up. As far as I am aware, Crypto is still not "contributed" rake. The new change is that an admin charge of 22.5% is being taken away from your gross rake, so the rakeback you get will be 22.5% less than before (as per their new tiered structure.

So in practice, I usually get 30%; from now on I wil get 23.25%. Sucks.

Miffed22001

06-16-2007, 04:43 PM

#5 (permalink)

Straight Flush

Join Date: Jun 2005

Location: Marry Me Cheryl!!!

Posts: 8,181

PT is a fulty piece of shit when it comes to doing rake calculations.
I doubt youre PT numbers are right to start with

Chopper

06-16-2007, 07:26 PM

#6 (permalink)

Straight Flush

Join Date: Dec 2005

Location: St. Louis, MO

Posts: 4,255

cool.

seems like the industry is trying to change the way they are calculating rakebacks anyway. i assume the same "admin charge" crap has happened at AP and UB, too.

so, affiliates can advertise 30%, but effectively, its a good bit less?

anyplace thats better than AP?

im open to suggestions.

LHE is a game where your skill keeps you breakeven until you hit your rush of random BS.

Nothing beats flopping quads while dropping a duece!

biondino

06-16-2007, 11:18 PM

#7 (permalink)

4-of-a-Kind

Join Date: Apr 2005

Location: Putney, UK; Full Tilt,Mansion; $50 NL and PL; $13 and $16 SNGs at Stars

Posts: 3,170

My affiliates have all made it clear that the real rate of rakeback (at the level I play) will be 23.25% from 1st July. The terminology they use is confusing, though:

GROSS RAKE means all monies paid in rake. NET RAKE means gross rake minus this new 22.5% admin charge.

We are still receiving 30% rakeback; but the difference is that while previously it was 30% of gross rake, it's now 30% of net rake, which is obviously less, and amounts to 23.25%.

Chopper

06-17-2007, 12:01 AM

#8 (permalink)

Straight Flush

Join Date: Dec 2005

Location: St. Louis, MO

Posts: 4,255

i guess we should be happy we are getting anything at all. it seems to me that we all are starting to bitch about "the way it used to be" in an ever-changing industry.

some are better than others, obviously, and we, i guess, should focus on those sites.

LHE is a game where your skill keeps you breakeven until you hit your rush of random BS.

Nothing beats flopping quads while dropping a duece!

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