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celtic
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« Reply #495 on: May 19, 2016, 11:54:48 PM » |
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Its always been fairly clear they've been looking to transition their revenue from poker to sportsbook type themes. One of Baazov's opening statements mentioned how large and loyal Pokerstars consumer base was to allow them to offer "new and exciting" platforms. I'm sure a point in time will come when Pokerstars name becomes "Betstars" as the revenue streams cross and Pokerstars becomes more irrelevant, how quickly times change...
In five years poker won't even be their major income stream. Might even be quicker than that. Poker is dying. Why don't people realise this? the pro's have spent ten years teaching the mugs how to play via training video's etc. Now if you don't watch the videos you can't win, casuals will just play casino or sports because you don't need training videos to bet on them its more fun. They know they will lose long term but they will lose slower on these products and get more bang for their buck. People have been saying for 5 years or so that poker is dying. When will it actually die? |
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« Last Edit: May 19, 2016, 11:57:13 PM by celtic »
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Keefy is back  But for how long? |
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doubleup
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« Reply #496 on: May 20, 2016, 12:25:27 AM » |
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I work with some guys who operate multiple mulit, multi-million pound grossing poker/sports/casino platforms, poker is an almost completely risk-free and very steady stream of income for them but pales utterly into insignificance compared to the profits generated from sports and casinos.
And these guys are 0.1% the size of stars.
With the player database they have turning pokerstars into an online sportsbook and casino will almost without fail be a move worth many billions of dollars.
That is their spin, but their sportsbook is pretty mediocre and I imagine that they are only getting action because poker players have money with them and its convenient. If poker players go the plan fails. |
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Rexas
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« Reply #497 on: May 20, 2016, 12:27:56 AM » |
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Its always been fairly clear they've been looking to transition their revenue from poker to sportsbook type themes. One of Baazov's opening statements mentioned how large and loyal Pokerstars consumer base was to allow them to offer "new and exciting" platforms. I'm sure a point in time will come when Pokerstars name becomes "Betstars" as the revenue streams cross and Pokerstars becomes more irrelevant, how quickly times change...
In five years poker won't even be their major income stream. Might even be quicker than that. Poker is dying. Why don't people realise this? the pro's have spent ten years teaching the mugs how to play via training video's etc. Now if you don't watch the videos you can't win, casuals will just play casino or sports because you don't need training videos to bet on them its more fun. They know they will lose long term but they will lose slower on these products and get more bang for their buck. People have been saying for 5 years or so that poker is dying. When will it actually die? Online NLHE is tough, and is only going to get tougher. Live poker seems a long way from dead, although maybe I'm just privileged. |
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humour is very much encouraged, however theres humour and theres not.
I disrepectfully agree with Matt |
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Doobs
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« Reply #498 on: June 23, 2016, 11:46:10 AM » |
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amayastars currently puttig a 4% margin on currency transactions from the central rate on xe due to a "phase of uprecedented volatility".
For those unaware the pound has moved less than 1% against the dollar in the last 24 hours, and stars obviously gets moves both ways.
Such a thinly disguised money grab.
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Most of the bets placed so far seem more like hopeful punts rather than value spots
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arbboy
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« Reply #499 on: June 23, 2016, 12:18:10 PM » |
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amayastars currently puttig a 4% margin on currency transactions from the central rate on xe due to a "phase of uprecedented volatility".
For those unaware the pound has moved less than 1% against the dollar in the last 24 hours, and stars obviously gets moves both ways.
Such a thinly disguised money grab.
Embarrassing |
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vegaslover
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« Reply #500 on: June 23, 2016, 12:27:17 PM » |
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amayastars currently puttig a 4% margin on currency transactions from the central rate on xe due to a "phase of uprecedented volatility".
For those unaware the pound has moved less than 1% against the dollar in the last 24 hours, and stars obviously gets moves both ways.
Such a thinly disguised money grab.
Embarrassing Saw this when I logged in this morning. Sums up their customer service attitude pretty good imo |
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rfgqqabc
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« Reply #501 on: June 23, 2016, 12:58:39 PM » |
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Seems like a reasonable business decision. Always other places to go and play poker instead if you don't like it.
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[21:05:17] Andrew W: you wasted a non spelling mistakepost?
[21:11:08] Patrick Leonard: oll
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Doobs
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« Reply #502 on: June 23, 2016, 01:20:26 PM » |
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Seems like a reasonable business decision. Always other places to go and play poker instead if you don't like it.
It isn't a reasonable business decision. They are a big company with huge daily foreign currency transaction both ways, and can surely deal in seconds at near mid market rates if there is an imbalance in their currency flows. The 4% is just monopoly profiteering from those who don't realise there is little justification for it. |
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Most of the bets placed so far seem more like hopeful punts rather than value spots
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The Camel
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« Reply #503 on: June 23, 2016, 01:21:12 PM » |
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Seems like a reasonable business decision. Always other places to go and play poker instead if you don't like it.
It isn't a reasonable business decision. They are a big company with huge daily foreign currency transaction both ways, and can surely deal in seconds at near mid market rates if there is an imbalance in their currency flows. The 4% is just monopoly profiteering from those who don't realise there is little justification for it. I think (hope?!) Adam was joking. |
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Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
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Doobs
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« Reply #504 on: June 23, 2016, 01:37:00 PM » |
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Seems like a reasonable business decision. Always other places to go and play poker instead if you don't like it.
It isn't a reasonable business decision. They are a big company with huge daily foreign currency transaction both ways, and can surely deal in seconds at near mid market rates if there is an imbalance in their currency flows. The 4% is just monopoly profiteering from those who don't realise there is little justification for it. I think (hope?!) Adam was joking. maybe been spending too much time on facebook. Must do something productive this afternoon. |
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Most of the bets placed so far seem more like hopeful punts rather than value spots
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Ledders
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« Reply #505 on: June 23, 2016, 01:48:48 PM » |
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They're now charging to move money between the wallets in your own account?
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The Camel
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« Reply #506 on: June 23, 2016, 01:50:49 PM » |
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They're now charging to move money between the wallets in your own account?
Yes, 4% |
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Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
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Ledders
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« Reply #507 on: June 23, 2016, 01:52:14 PM » |
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Hilarious, fucking jokers.
Although having just logged in and read the message, I do actually believe them that it will just be a temporary thing. More the fool I am probably.
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DropTheHammer
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« Reply #508 on: June 23, 2016, 02:23:50 PM » |
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Well that's annoying since I was going to empty my stars account of dollars as soon as Bremain was confirmed. I don't play on there any more and dislike many decisions that the company has taken over the last couple of years.
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strak33
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« Reply #509 on: June 23, 2016, 02:41:44 PM » |
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Seems like a reasonable business decision. Always other places to go and play poker instead if you don't like it.
Bwhahahahaa love this |
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