Skip to forum
iPoker network chan...
 
Notifications
Clear all

iPoker network changes in detail

74 Posts
30 Users
0 Reactions
22.6 K Views

Hi highyeah,

Technically speaking points can also be received when using tokens. However not all poker rooms have this activated for tokens. So it depends on each poker room how they are handling that. Best is to contact your poker room.

Cheers
Hannes


Reply
Quote

Hey guys,

Some more details about the new STEP SNG promotion and a few last minute changes:

1. The new STEP SNGs will already launch on December 19th and not as initially planned on January 13th.

2. The STEPS SNG fee structure has been aligned with the SNGs and MTTs structure.

3. Existing USD STEPS tokens will be changed by iPoker in EUR tokens. Instead of 3 month the new EUR tokens will be valid for 1 year. The token value will be rounded up where applicable.
As soon as the tokens have been replaced you will get a message in the poker client. These tokens can also be used for Sit and Gos or Multi Table tournaments.

Please let me know if you have any questions regarding the STEPS SNGs.

Best regards
Hannes


Reply
Quote

Are you saying that if I had 10 x $1.10 tokens, they would be replaced by 10 x 1euro tokens??


Reply
Quote

bad news... why this happened?


Reply
Quote

Hey guys,

Quick update on the STEP promotion. The EURO Steps went already live. Also all Euro tokens haven been issued and replace the USD tokens.

The tokens have been changed according to the numbers below:

$0.16 => €0.50
$0.55 => €0.50
$1.10 => €1
$3.30 => €3
$11 => €10
$33 => €40
$55 => €75

Originally posted by groingbang
Are you saying that if I had 10 x $1.10 tokens, they would be replaced by 10 x 1euro tokens??

Yes, that was the case. You should have received a message in your inbox.

Good luck on the tables!


Reply
Quote

So if my main rooms on ipoker network and I want to make a new e-wallet (netteller or skrill) then I should open in euro instead dollar?

Is there disadvantage if I open e-wallet in dollar? about how much?


Reply
Quote
Super Moderator
VorpalF2F
Joined: 02.09.2010
Oldschool Grinder

Interesting question.

Even though I play on iPoker, which will shortly be all Euros, my e-wallet is in $CAD, since that matches my bank account.

My iPoker preferred currency is also $CAD -- it is just the tables that are in Euro.

I don't know how I would go about having an e-wallet account in a currency that did not match the bank.

--VS


Reply
Quote

Originally posted by patszerdonk
So if my main rooms on ipoker network and I want to make a new e-wallet (netteller or skrill) then I should open in euro instead dollar?

Is there disadvantage if I open e-wallet in dollar? about how much?

I would always advice to have the same currency, especially when you transfer often between the room and your e-wallet. Otherwise the e-wallet will charge you each time for the currency exchange. Fees are on Skrill up to 2.99% and Neteller 2.95%.


Reply
Quote
tonypmm
Joined: 11.01.2009
Oldschool Grinder

Open the account in the same currency as the wallet to avoid the wallet's fees. To be more comfortable with iPoker rounding top-up amounts always to their favour, perhaps set the auto top-up to be triggered only if the stack falls below 90% of the initial BI, to lower the frequency of top-ups; if you still want to top up manually in addition to that, do so only when you're in the SB (except HU) because it's +EV to be shorter OOP than IP :f_biggrin: I used this workaround until it was announced that dollar tables will be gone; it had an additional benefit of regs deeming me a bigger fish than I am and hence not taking seats on my right, leaving them to true fish :f_biggrin:


Reply
Quote

Originally posted by tonypmm
To be more comfortable with iPoker rounding top-up amounts always to their favour, perhaps set the auto top-up to be triggered only if the stack falls below 90% of the initial BI, to lower the frequency of top-ups;

Please see here:

Originally posted by HannesZ
There is no disadvantage for you as a player when your USD balance gets converted to EUR / GBP when joining a table, buying in to a tournament or doing a rebuy. Your wallet and all the pop-ups just show 2 digits after the dot. However way more digits are used, but only 2 digits are displayed. Just test it yourself when joining and rebuying to a table. You will be positively surprised. ie. do 3 times a 1 Eurocent rebuy, the popup will tell you each time that 2 USD cents have been taken, however when you check your balance it is 5 and not 6.


Reply
Quote
Super Moderator
VorpalF2F
Joined: 02.09.2010
Oldschool Grinder

That is comforting to know HannesZ!

Long ago I made sure that my e-wallets, and bank accounts were in the same currency.

On each iPoker room, I make sure my "preferred currency" matches.
That way, I am NEVER paying exchange fees.

All of the non-iPoker rooms I have dealt with also have a way of transferring money to/from the e-wallet w/o Exchange fees on transger.

I can't speak for all rooms, but the ones I've dealt with also converted currency and a fair rate w/o fee internally.

Thanks again,
--VS


Reply
Quote

Congratulations for the significant rake increase in ST 4 max SNGs. I guess that is why until now there was no information in these pages about them.


Reply
Quote

LOL rake has changed to lower in lobby since 1 hour ago...still a bit bigger than before.


Reply
Quote
arthurbentley
Joined: 12.10.2010
PokerStrategist

I am sick of saying this, but the blind structure of the SNGs is the worse by far online. Making the games crap shoots. But still no changes as of yet.

The 'On Tap' SNGs have a good structure, the non-turbo that is, but the 9 and 6-man SNGS are pants!!! Pokerstars have got it right and guess where I will be playing SNGs in the near future?


Reply
Quote

Can't see the double or nothings for 10 players in "normal" speed anymore on iPoker. Are they gone forever?


Reply
Quote
Glopslart
Joined: 19.05.2008
PokerStrategist

Really, what is the sodding point?

I logged into 770 today and found that the HUSNGs have been converted from $US fees to Euro [€]fees. At the basic levels where I [and most of us?] play, the rake structure has also changed.

Previously, the rake was a uniform 5%.
1] The rake for the basic entry level €0.92HUSNG is now €0.08.
2] The rake for the basic Turbo €0.93 HUSNG is now €0.07.
3] The rake for the basic Hyper € 0.94 HUSNG is now €0.06.

Mutatis mutandis, the same goes for the next level up, and doubtless applies further up the food chain. I have not looked at other I-poker sites, but would guess that the fees are uniform across the Playtech empire.

What this means in plain language is that there has been a 50-60% increase in the price for playing this format on I-poker. From what I understand, the rake was already lower on other platforms.

Now the site has to make a profit, or the site would not be there at all. The scale of the rise - on this format at least - indicates, however, that the rise is not there for profit maintenance, but that it is instead a shameless heist. This underlines my suspicions about the rationale of the currency switch from $US to €. Those of us with long memories will recall that when Great Britain switched to decimal currency from pounds, shillings and pence over 40 years back, the business community used the switch as a vehicle to thkrew the public with price rises. Same old, same old.

The poker community is a pyramid. The bottom levels of the pyramid do not make a profit. The question has always been: just how far off the bottom of the pyramid do you have to be in order to make a profit? I-poker has now made a decisive change to the answer to that question, so far as the HUSNG format goes.

An exercise that every player may find salutory is to look themselves up on Sharkscope, and check just how much total rake they have been paying over the course of their relationship with a particular site. When I checked this out, the answer was startling and indeed troubling, even before the currency switch - and I am essentially "only a recreational player", and funded by PS to boot.

How the folks using their own pennies, and even attempting to make serious profit from this insane game, might feel about what has happened to I-poker, is a matter best left to the imagination.


Reply
Quote
arthurbentley
Joined: 12.10.2010
PokerStrategist

An articulate and thoughtful post, Glopslart. :spade:

At the moment I am playing cash games on ipoker, but I also enjoy playing SNGs, but sadly, not on ipoker. At the microstakes, because of a bad blind structure and high rake, they are more, or less, unbeatable.

However, I do like playing small field MTTs and the 'On Tap' MTT games will get all my lovin' attention soon. :f_love: With a good structure and fair rake these games should prove to be profitable. So there is some light at the end of the ipoker microstakes tunnel.

Overall, ipoker has left a bitter taste with their obvious rake grab, and charging 14% rake for turbo DoNs is taking the proverbial.

Lastly, if you like playing cash games, the PL games are much much looser than NL.


Reply
Quote

Originally posted by HenriDeS
Can't see the double or nothings for 10 players in "normal" speed anymore on iPoker. Are they gone forever?

I hope not. But I also can't see any 10 player Double or Nothings. All the DoNs are 6 and 4 players. And I really don't want to make the switch to those, as I believe they play very different...


Reply
Quote
tonypmm
Joined: 11.01.2009
Oldschool Grinder

As you'll have to learn a new variation anyway, come play jackpot SnGs. The Russian mafia needs DoN regs as we're running out of recreationals :f_mad:

Or email your skin begging for 8-man DoNs. I'm not sure if they'll be running a lot, though.


Reply
Quote

Any plans to change that more tab in the lobby?

There's no more turbo tables and it'd be nice to filter out the 50BB and anon tables.


Reply
Quote
Share: