ipoker Bans Rakeback
Posted on January 3, 2010 by John Trevors for Luckyroom.com
Agreements regarding rakeback have been for a long time restricted on the iPoker network, but this formal policy seems to have not convinced various ‘skins’ hosted on the popular European facing poker network from offering rake back deals in order to survive in conditions of fierce competition. The so called “illegal” practice – of the system was meant to attract a large portion of players at the particular site, but as ipoker states a large percentage of these young players are considered to be so called ‘sharks’ who wanted to maximize their profits by taking away the juice from the tables.
The end result was a number of casual players to leave the network as the juice sucking game has became much more tight, less fun and finally a non profitable business for the poker network. In order to address the war on rakeback between rooms of the network, iPoker has imposed severe penalties, to skins which exceed the shark vs fish ratio. In other words, the network tries to impose a policy on the skins forcing them to focus their efforts to attract casual and fishy traffic (possible non-profitable players). Several players playing under the Victor Chandler brand received an e-mail from the site, which reported that they will not have access to cash games, as they have been punished for earning too much money! Players seeking to read about the Fish Vs Shark ratio can reach out a previous post through the previous link which clearly explains the consequences of this new policy.
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