Just want to remind anyone who made it this far- I didn't make this post just to prove I got screwed out of some rake back (although I wouldn't blame you for assuming so). I made it because I want everyone to look at the way Betcoin handled this issue and compare it to some of the other issues I've brought up; like the BBJP issue, the No Collusion Freeroll - how they handle cheaters in general, even how they have behaved in this very thread....if a casino as dishonest and non-transparent (opaq?) as Betcoin is able to grow and succeed long term - it will lower the standards of future businesses within the industry. Unregulated doesn't mean unaccountable.
I'd be happy to discuss anything I've posted in any way shape or form. It's tough trying to say everything I want to but avoid wall of text boringness that nobody will do more than glance at...
I've been trying to keep up with all that you've been trying to point out. Some of it is very complicated, some of it can be contributed to the sites "growing pains," and some of it is probably just frustration. This is what I know: when I satellite into WPN tournaments on the MAIN network skins, I do get a rakeback--even if I satellite into them via freerolls. However, here's the problem: the Winning Poker Network has a very complicated structure within in it's own network. On their main skins, their fees are distributed differently...they spend quite a bit of their revenue sponsoring their big tournaments and promoting the network. This is where it gets complicated: Betcoin is in the WPN hierarchy in a very different manner than the main skins. Betcoin's players have the advantage of playing in the Winning Poker Networks pool of players, but the fees generated from those tournaments are controlled by the WPN for allowing us access to play in their pool. So, the distribution of fees and the way they are calculated and distributed in terms of rakeback gets convoluted. Each new skin in the WPN negotiates its own contract, sorta speak, so there's a very confusing hierarchy among the several skins.
I understand your frustration completely....rakeback is a big concern to any serious player in regards to calculating their ROI and managing their bankroll. However, having the advantage of playing in a player pool which is consistently dropping huge overlays in their tournaments is worth that confusion when calculating the value of your buy ins. It's a trade off....see. When we pay $540 to get into a tournament that has a $200,000 overlay, we are getting an extreme bargain!
Anyway, Betcoin is very generous with the funds they receive from the fees generated from their own player pool. Just do some quick calculations and consider the overlay that's dropped daily in Betcoin's exclusive tournaments....that's value!
Yes, you have some very valid and serious concerns. I just think that you're not considering the complicated relationships that exists between the several different skins and the network. The aspect that makes Betcoin unique among all the skins is that it has two distinct pools of players (advantageous to us) which complicates matters in many ways and some answers are too complicated to state simply. Think about that some....
TIP: When you're deciding what network skin to play which specific tournament....take into account the
complications mentioned above and play on the skin that will give you the best value.