(It also seemed rare to not have your credit card blocked for making deposits. So I wouldn't express it as a commonality.)
The industry has been lacking credibility for some time. Players have been pushing to get it regulated to avoid something like this from happening.
Edit as an ex midstakes amateur, frankly I speculate rush is unbeaatable after rake bc the nash equilibrium style is ez and widely known, good players have no edge, bot wet dream. Sent from mobile
I only tried rush poker in passing once. By the time it came around, I had already been out of the online poker game (I pretty much gave it up after PartyPoker withdrew from the market), but if the tracking programs w/ heads-up displays still worked and you could get enough data on the people you were paired with, you could figure out people's pre-flop tendencies enough to probably squeak out an edge. Losing post-flop data hurts though, unless that data was still tracked even though you moved on after folding.
also, for the pros who would normally be 16 tabling, there is only a small uptick in hands per hour in NL rush compared to standard 6 max tables.
- 'Rakeback' refers to the amount of money returned to the players, not to affiliates. FTP had fixed RB at 27%. An affiliate may make a % point or two. Stars returns from 10-60% of rake to the player through their VIP system
Stars didn't pay a dime in rakeback unless you hit one of their VIP tiers via their point system. Vast majority of players, I'd guess, didn't qualify.
- The lowest tier VIP level at pokerstars (that you can achieve from a few hands of poker play) amounts to 8.8% rakeback and more with stellar rewards, freerolls etc. It would be very hard to be a real money player and not achieve bronze star.
- You say stars "didn't pay dime" like pokerstars no longer exists. I can assure you they are still alive and well, and they are actually larger than 1 year ago despite the events of Black Friday.
The way most affiliates incentivize you to use their affiliate link is by giving you a cut of the revenue.
How did you think it worked? Full Tilt giving rake back direct to players just because they signed-up thru some 3rd party link? Why would they do that?
The reason why some people who sign-up can't get rakeback and are told that "their affiliate doesn't support rakeback" is that some affiliates chose to get paid a flat CPA fee of $75-100 rather than a lifetime percentage. This is also how PokerStars, etc, runs their programs.
but we are getting way off-topic. I was correcting the original comment above about what the definition of rakeback was.
Full Tilt, along w/ PokerStars, has long been regarded as a premier destination for online poker. A lot of marketing presence, a lot of players, a large range of games.
They rolled out an innovative way to play cash-game poker where you never had to wait for a hand. Several thousand people would join a, say, $1/2 game of NL Holdem, and as soon as 9 people were ready to play, they sat and formed a table and were dealt a hand. You fold? As soon as 8 other people fold, bam, you're in another hand. In practice, you never had to wait more than 1 second.
They certainly did make millions in profit on a "rake." However they have an aggressive and lucrative affiliate program that would see them paying out as much as 1/3 of a players lifetime rake to the entity that referred them to the site. (aka "Rake Back")
As an American player, until the crackdown earlier this year, I had no problems playing. When I cashed out, they mailed me a check drawn on a US bank. If I had to deposit more, I could do so from my credit card.
This is a big blow for the credibility of the industry IMO.