ITH Poker Forum

[the_hawk]

I'll try and help here...

the rakeback seems really high and better than bonuses, but that's because their rake is really high.

Ohhh... I getcha. What is the rake structure compared to Empire? Do you know off the top of your head?

It's a pretty standard structure - 25c per $5 pot, capped at $1.50 for 1/2 (full ring) and $3 for higher limits (full ring).

This, I don't understand. Why does the rakeback make a difference on my earnings?

Well, your PT earn rate is net of rake, so if the rake taken is high - even if you eventually get it back - your base earn rate will be lower, everything else being equal.

However, my 1/2 FR data doesn't square with fep's in terms of where WPEX stands in terms of total rake taken. I have it right in the middle of the range - less than Party, a bit more than Stars but not much, and considerably more than Prima or Crypto. The amount of rake taken obviously depends on the structure and the nature of play. The tiiiiiiiight-ass tables at Crypto, in particular, with lots of hands not seeing a flop, goes a long way to explaining the considerably lower overall rake there.

[fep]

Ohhh... I getcha. What is the rake structure compared to Empire? Do you know off the top of your head?

The big difference in rake that I can dicern at 2/4 and up is when the site starts taking the rake and what increments they take the rake in. The rake is 5% at both WPEX and Empire,

At 2/4 - 10/20 Empire doesn't start raking until $20 and rakes $1.00 at $20 and 0.50 increments every $10 thereafter capped at $3.

Wpex on the other hand rakes 0.25 every $5.

I wrote up a comparison.



The difference in rake is most pronounced at 2/4 where maybe 60% of the pots are less than $20 and don't get rake at all at Empire but do get raked at WPEX. At 3/6 I have about 40% of the pots being less than $20, so it's still a big difference but not as much as at 2/4.

On one level this doesn't matter as you play WPEX for free after the rakeback, so WPEX is great.

But when considering your PT earn rate compared to Empire or an Empire bonus compared to WPEX rakeback it can be misleading. A hypothetical example (not real numbers):



So it would be incorrect to say, I played 3,000 hands at WPEX and got $240 in rakeback and I played 3000 hands at Empire and I got $100 in bonus. Therefore I was better off by $140 playing at WPEX.

The correct statement is I played 3,000 hands at WPEX for free. I played 3,000 hands at Empire and it cost me $62. Therefore I was better off by $62 playing at WPEX.

That's the main point I was making, when comparing sites you shouldn't compare the bonuses/rakeback to each other you really should compare the net costs of playing after bonus/rakeback

Another hypothetical example:



Here is an example where you earned the same before rake at both sites but PT is telling you that you did worse at WPEX. You didn't really do worse, it's just that PT deducts rake and the rake was higher at WPEX.

So, things are not always what they appear.

But the bottom bottom line is you get all the rake back at WPEX, and that's pretty much as good as it gets.

[cybrarian]

Great post fep. I hadn't looked at it like this before. I heartily agree with your bottom line, as well.

[the_hawk]

Minor woot!

Having had my latest batch of rake hit the account I am, for now at least, and for the first time, a winning player at WPEX Still getting my ass handed to me before rake overall, but we'll see about that in due course. WPEX... the site that turns donks into winners

[cybrarian]

Here's a strange WPEX story.

I wanted to cash out to neteller this weekend, as I have done on numerous previous occasions, but I noticed that they required my neteller email address to be the same as my WPEX email address. Now the two have never been the same, and I have never had trouble cashing out, so I guess this must be something new.

Anyway, it turns out that in order to change my email address at wpex over live support (the same is true over the phone, I was told) I have to supply all my account details, includiing current email address, user name, postal address, and, get this one - my password.

I told the support person there was no way I was giving out my password like that. She said that it was ok, because we were chatting securely. What I didn't say was that I don't care how secure the chat is, there is at least one person in the chat who does not currently know my password, and to whom I am no way going to give my password to.

So in the end, I had to change my password to something arbitrary and temporary, then give her all the details, including this new password, in order to change my email address so I could withdraw to neteller; something I'd been doing with no trouble for months.

[Old_Red]

That must be new, I did a cash out to Neteller last Thursday and I didn't have any problem.

[Fenris78]

Minor woot!

Having had my latest batch of rake hit the account I am, for now at least, and for the first time, a winning player at WPEX Still getting my ass handed to me before rake overall, but we'll see about that in due course. WPEX... the site that turns donks into winners

*signed*
I lost 50BB playing mostly $2/$4 FR there, but the rakeback was more than 100BB during the same period making me a "winning player"

I was berated for being a fish on two occasions (funny sidenote: once for "folding too much", once for "calling too much"), but frankly dear, as long as I am winning I don't care

This week is starting even better. Not only am I actually winning at poker, I am also gaining rakeback

At the moment I don't see a reason to ever go back to another poker room

€: Cashed out end of August, without any problems...money hit my Neteller account 2 hrs later

[taz115]

Hey all,

I started playing last week. I've been primarily playing at the 5/10 tables (mostly shorthanded). The rakeback is great but the level of competition is definatley steep. I figure this will likely become my main site to play at after my trial week but we will have to see how everything goes. Playing against these aggressive players 3 and 4 handed is going to be super swingy.

Just thought I'd add my little bit of excitment in about the site. I figure that even with the small amount that I play I can likely make $1k a month in rakeback if I played there all month.

taz115

[Paulie]

I just made my first deposit there. One thing that is bothering me a little, I went into the cashier from the lobby and I noticed that under the "Personal Information" it only shows my username, city and country. My email address, real name and street address are NOT shown, is this the same for you guys?

[Old_Red]

That's what mine shows also, it's normal.

[ResumeMan]

Anyway, it turns out that in order to change my email address at wpex over live support (the same is true over the phone, I was told) I have to supply all my account details, includiing current email address, user name, postal address, and, get this one - my password.

I just noticed this after the thread got bumped. That is seriously messed up! No way would I stand for that. I would have escalated that to her manager before I would do something like that.

I hope you changed it to something really obscene! "OK, I have my new password, are you ready? It's Pig****er." and wait for the reaction

[Paulie]

Within my first hour of playing on WPEX I got disconnected 4 times and experienced constant lag. I stopped playing and suspected that this software needs 2 specific ports opened and forwarded to a static I.P. for better performance and stability, and the ports are likely blocked by my ADSL router. I know PokerStars needed port 443 and 26002. I checked with my port software and WPEX is different, it needs to have port 1111 and 3334. So I opened these ports and forwarded them to my static I.P. on my ADSL router and presto! the WPEX software is running MUCH faster and smoother now, with no disconnects
If you're currently having a lot of connection problems with WPEX it might mean that those ports I mentioned are blocked by your router. In that case you will have to set up a static I.P. for your router and get ports 1111 and 3334 forwarded to the static I.P.
www.portforward.com has a lot of info on port forwarding, it has instructions on how to set up a static I.P. and how to open ports for your specific router, I found instructions for my Speedtouch router there

[Old_Red]

Another thing that helps WPEX run a bit smoother is changing the priorty from normal to above normal. This helps a lot if you have PT running doing auto imports.

[KEVBO]

WPEX is the shizznitts! O.K....I'll admit the software is plain and there is the occassional disconnect, but the free rakeback is the fashizzle. I've been there almost exclusively now for several months.

The players there do tend to be better as a whole, but once you adjust for their style of play (typically a little over-aggressive) these games can be killed. I've never been much of a limit player, but used WPEX as my training grounds and couldn't be happier with the results. ( + I was getting bored and needed a break from NL) Anyway, I've improved quite a bit especially at short handed (my preference). Since PT started tracking hands, I've got just under 40k hands and rippin' it up at a clip of 3.11BB/100.

That's where I'll be playing for the forseeable future.

- KEVBO -

[Mowgli]

I like it here. Especially the rake back. Now a question. Whats the score with Poker Tracker. I download my history files and all i get is Player1, Player2, etc.

Is there a work around like handgrabber or something.

Cheers guys.