I have seen many new crypto-based poker platforms mushrooming up in recent times. Not even one of them is doing well except 7XL, which is a skin of the GG network. What could be the reason for that? Why is it very hard to compete with GG Poker despite lower rake structures and massive promotional offers?
One promising prospect which I can think of is Stake.com, which recently introduced poker into their platform. New startups might learn a thing or two from Stake.com, as they are offering regular $500 freerolls which are now starting to show results, especially in their cash tables. Will it be sustainable if they stop those lucrative freerolls? That is the question, as we have seen many startups die after stopping freerolls.
What could be the reason behind such failures? Is it because poker, in general, is on the decline?(collusion, solvers etc.). Even most traditional fiat-based established poker platforms are not doing well, except GG.
But why is GG showing impressive growth and on the verge of claiming monopoly? Is it because of their massive investment in software? Or is it because they are collaborating with famous poker players? In my humble opinion, this can't be the reason, as PokerStars has been doing that for much longer, but their player base is declining rapidly.
What are your thoughts on this matter and what do you think is the secret sauce of success in this field?
You raise some interesting points. Especially in ongoing promotions like freerolls, I think it's the main reason why new crypto-based poker platforms are struggling. Even with reduced rake and attractive offers. Another is the difficulty of gaining long-term player confidence and maintaining a player base, GG Poker not only admits this with its excellent reputation and marketing, But it also provides a stable, reliable and attractive environment for both casual and professional players. Their software placement is top notch. At first it may not seem like a luxury. But it will greatly improve the user experience and certain things like bots or collaboration.
Another important factor is money. GG Poker has a large player base. Therefore, players are guaranteed to perform at any time of the day. The return on this investment is extremely important. And many smaller platforms struggle with it. Because when the new promotion ends There will not be enough players to sustain the game which will ultimately lead to a decline.
For Stake.com if they want to compete in the long term they must not only focus on the basics like freerolls. But it also needs to maintain a strong player experience and retain those players after the embargo ends. It's not just about attracting players. It's about storing data.
It's still got the own audience probably new players are not much attracted to it as before due to the availability of wide range of choices for them but still it's a classic game that never fades away in my opinion. Providing freebies can attract but it's not sustainable method so casinos had to choose what's best for them because they need to make profits and can't give freebies all the time if their intention is to make profits.
You're right, poker, specifically the original kind. It still has a core audience. Problem is how to attract new players. Specifically with so many other game modes, you said. Though offering freebies like freerolls will most certainly attract new players. Though it can't be kept up for long as a solution. The focus needs to shift at some point The position needs to be one that you want to hold and the experience. Not the bump.
Platforms like GG Poker have found that balance by investing heavily in player engagement. Not just through bonuses But it also makes the poker experience easy, reliable and fun, this consistent quality is what keeps players coming back for more. Even if the fuse is dry. I think smaller platforms and startups should focus on building the same player loyalty by enhancing the user experience. Focus on game variety and guarantee the quality of the game Promotions can attract people. But there are long-term benefits to keeping them.
This is an interesting topic and it touches upon not only the reasons for GG Poker's success in a dying poker market, but also the reasons for the decline of poker itself. In general, there is no single reason for the decline of poker. Just as there is no single reason for the temporary heyday of GG Poker. Poker. Just like cryptocurrencies, it develops in waves, and accordingly, interest in it changes over time. In order for a new round of interest to arise, many things must coincide. New promising platforms like GG Poker must appear, the economy must produce a large amount of printed money, as was the case during this covid-19, and some kind of push must occur, as during the formation of the last poker bubble.
The rise and fall of poker platforms appears to follow similar interests. Like many other phenomena in the world of gaming or finance, GG Poker may benefit from a perfect storm, strong software. Clever marketing and special times like COVID-19, when people are increasingly looking for fun online.
I also agree that poker the same applies to cryptocurrencies. There are fluctuations due to extraneous factors such as the state of the economy or market trends. However, I feel that is what makes sites like GG Poker stand out, even though returns are diminishing. It is the ability to create a culture and engage employees. Whether through the motivation of strong players, well-designed competitions, or even a collaboration with poker influencers, they managed to stay relevant and thrive when most others were flailing.
If a new startup wants to compete They want nothing more than promotion. They must understand these value chains. and create a strong platform that can climb up and down.