Wow

[hardkorbeatz 0]

Dear World Poker Exchange Client:World Poker Exchange is about to turn the online poker industry on its head. Starting today, we'll be completely eliminating the rake from the real-money games in our poker room, regardless of table limit or game type. This makes World Poker Exchange the world's only venue where it's completely free to play poker-and yes, that includes tournament play as well.The house rake is poker's silent killer, and depending on how much you play you could be losing hundreds or even thousands of dollars a month. Use our handy rake calculator to see how much money you've been leaving on the table.To start receiving the benefits of No Rake Poker, just sit down and start playing. Each week, we will simply tabulate the total amount of rake that you contributed (including tournament fees), and return 100% of that amount to your account. As before, you can transfer funds seamlessly between your poker account and sportsbook account at any time.We believe poker should be a fun, free service available to all our customers, rather than a means to "rake" them over the coals. With the advent of No Rake Poker, World Poker Exchange is now the only place where it truly pays to play.Best Regards,World Poker Exchangewww.worldpx.comthe software isnt so bad either..takes some getting used to tho

[custom36 4]

There's always a catch. How will they make their money?

[hardkorbeatz 0]

thyre a sportsbook to i guess they realized theyll never win any1 over to their small room so theyre killing it for every1 else. or mayb some1 at pp pissed em off i dunno. i got a feeling ill be depositing there soon tho

[Yoda 1]

Why collect the rake in the first place if they are going to give it back? Probably a limited time promotion to grow membership. Something is definitely fishy.

[hardkorbeatz 0]

No Rake » How Can We Do It?It seems to good to be true—how can we offer no-rake poker? Why aren’t other sites doing it? What’s the catch? The answers are actually quite simple. Most online poker sites have a single revenue stream: collecting upwards of 5% out of every winning pot. In today’s growth-driven industry, it’s simply impossible for them to reduce, let alone eliminate, their single source of income. World Poker Exchange, however, has many sources of revenue, including World Sports Exchange, one of the most successful sportsbooks on the Internet. We’re confident that no-rake poker will deliver major new traffic to our other businesses, including sports wagering, in-running betting, horse racing and casino wagering.Now, with 100% of the rake being rebated to your account every week, you’ll only have to worry about outfoxing the other players at your table, rather than having to beat the house as well. This will give all our players a much greater opportunity to achieve a net profit at the tables and will allow them to save hundreds, if not thousands, of dollars a month. We can’t think of any better way to mark World Sports Exchange’s tenth year in business.When you realize that this is not too good to be true, you won’t want to waste your money at anyone else’s tables.

[custom36 4]

Play for a couple of weeks and let us know if they give back the rake. I have an email to send to make sure they follow through.

[custom36 4]

It's legit, guys. I just had a great conversation with support. The details are posted below.** You are now speaking with Byron, Poker & Casino. **Byron : Hello. How may I help you?custom36 : I had some questions about it that I was hoping you could answer.Byron : Sure. Ask away.custom36 : Sorry, my keyboard froze for a second....custom36 : My first question is, if you're not taking rake from your poker room, why not just not take it? Why are you taking the rake and then returning it to poker accounts?custom36 : Wouldn't it be easier, and more logical, to just not take it in the first place?Byron : Yes. It would be. But, from a technical standpoint, it would mean a complete overhaule of our software from square one. The rake system is built into our software and we would have to do some serious "re-adjustments" in order to change that. The second reason is...Byron : That we want to be able to show our players how much they are saving. We understand that it may be more practical for us not to take the rake in the first place, but we feel that players would enjoy receiving a "refund like" gift at the end of each week.custom36 : That makes sense....custom36 : Now, is this deal permanent or is this a temporary, promotional deal? What I mean is, will your site be returning to taking rake in the near future?Byron : Well, definately not in the "near" future. We have not been given a date of termination and as far as we know, this program may not be terminated at all. I am not even sure if the managers themeselves know if we will be keeping this program. But, one thing is for sure, the No Rake program will be around for awhile.custom36 : I'm looking at depositing money on the website because of this deal. For those creating new accounts on your website, will they need to enter any bonus codes or promotional codes? Or, is this deal open to everyone?Byron : This deal is open to absolutely everyone. No gimmicks at all. You just sign up and start playing (sorry about the delay in response. We are running a bit slow tonight).

[custom36 4]

Just as a quick review based on an hour of play:The software isn't great. Kinda a prima poker look combined with a noble poker look. Not real pretty to look at.Not many players online, but that's expected with a new site. Those that are online don't seem very good, though.A TON of freerolls and guaranteed tournaments.This site is brand new, so you guys shouldn't be expecting too much out of them. That said, though, they're managing it perfectly right now. Congratulations to these guys for launching a good product.

[mrdannyg 274]

thanks for looking into those (detailedly) and posting this stuff here custom. will be sure to check 'er out.

[ahosang 0]

I've been playing there for 2 days now - it's OK so far.The players are averagely good and the software is satisfactory.The idea of 100% rakeback every week is too good to pass up!!

[ahosang 0]

OK, here we go!!After a delay of 12-18 hrs from deadline, people are being paid the rakeback from WorldPX(WSEX). This can be seen at various 2+2 threads.I have received mine. I'm not a great LHE player, but played $0.50/$1 there, and yes, the games are tightish(because of 2+2er's), but I lost 20BB in poker play, but have received 71BB in rakeback(3000 hands). If this keeps up(they claim they will review the success of the rake-free stance at year-end), I'll probably never play online poker at another site apart from to play 5CD(or 7-stud at the Boss network).Make your own decision. Try it out or not, but the rake-back has been paid.If you are weak at LHE, it's not for you right now, but if this site can attract more custom, then this will probably be the place to play, unless other sites follow suit and lower rake deductions...There was also a goodish $2/$4 O8 table going on and off .Also, there is a link in a 2+2 thread to an independent review website that rated hundreds of online sportsbooks. WSEX rated an A(security, stability etc) and was in the top 10.

[wilheldp 0]

I have a feeling that they are still collecting the rake, then rebating it for another, profit-driven reason. If they collect the rake over an entire week, and keep a rolling balance in a bank account that yields an interest payment, then they are still making money from the rake. It certainly won't be much until volume picks up, but I can guarantee you that at the usage rates they have at Party Poker, one week's worth of rake would yield a hell of a lot of interest even at a low interest rate.I'm sure that they honestly aren't trying to make a huge profit on the poker room, but the interest will probably pay for the additional cost of having a poker room at all...plus they will see increased traffic (read: profit) in their sportsbook as a result of having the poker room.

[ahosang 0]

I'm sure that they honestly aren't trying to make a huge profit on the poker room, but the interest will probably pay for the additional cost of having a poker room at all...plus they will see increased traffic (read: profit) in their sportsbook as a result of having the poker room.

Yes, they have actually stated this as their reason for this decision(the attraction of customers to the sportsbook). And of course they will still make interest on your deposits.

[Abbaddabba 0]

I dont see why anyone would play anyone else with a deal like this.How active are the 2/4 through 5/10 tables?Also - what is with the bonus code? Do they offer bonus dollars on top of 100% rakeback? :oedit:Wow indeed... these games are terrible. No 2/4 should be as tough as the one that ive been watching...

[ahosang 0]

I dont see why anyone would play anyone else with a deal like this.How active are the 2/4 through 5/10 tables?Also - what is with the bonus code? Do they offer bonus dollars on top of 100% rakeback? :oedit:Wow indeed... these games are terrible. No 2/4 should be as tough as the one that ive been watching...

1) exactly my point2) 5/10 is always going, 2/4 usually as well3) no code needed - and of course there's no bonus on top of 100% rakeback4) the games can go through very tight patches - however 2/4 is between 4BB and 8BB right now. The top end of that range is not too bad. 5/10 is quite tight...5) they actually have a little O8 action and some godawful stud8/b players who have no idea what they're doing. The stud8/b doesn't always go, but when it does it's a 'candy from a baby' job!

[Abbaddabba 0]

The 2/4 tables have maybe one or two "live" ones that would otherwise be considered average in an evening party game.Maybe i just went on too early...Even still, it's like an extra 2BB/100 tacked onto your party winrate (when not clearing bonus). That's basically how much rake accounts for the small stakes games (2/4 through 5/10).There were a few other forum members who were starting up at absolute poker because of their rakeback + bonus offer... but that only works out to roughly 80-90% rakeback, i calculated. So this is even better, plus you dont have to go through the hassle of redepositing every week to be constantly taking advantage of their new reloads. What it comes down to is which place has better tables.... and i think it's close between these two sites. Im more concerned about hte 5/10's though. I dont want to sit at any of the ones i saw. They play like midstakes games (10/20 through 20/40). Everyone is at least competent.

[Wingmaster05 0]

I'm excited, i was just about to put some money on prima for rakeback...guess not.

[PokerZombie 0]

WorldPx is not bad. It is very prima like. It has a few things that could be improved in the interface but otherwise not much problem. I can see they scoped out their competitors when making their software.My only complaint is the traffic. It's little low for my limit e.g. 2/4, 3/6 and 5/10 NLH. I think the business model is not bad, since even I being a non-sports bettor have considered making some bets. The RB is excellent (ofcourse) and paid weekly. You could probably earn 2k in RB a week 3 tabling 2/4 NLH 5-8 hours a day i.e. 300 hands / hr, if you can get enough traffic. Limit traffic is good. If you play 50/100 NLH then you're in luck! lots of tables.