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DATE: May 26 2012
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Poker.co.uk - Poker News Archive

Thursday 6th April 2006

Play Poker without a Rake

The World Poker Exchange yesterday announced a new pricing initiative which could completely transform the $5.5-billion online poker industry. Called �No Rake Poker�, the World Poker Exchange plan poses a direct challenge to standalone poker rooms that do not have access to additional revenue streams.

Currently most poker rooms obtain their revenue by making a rake charge from every pot, which can easily reach $10 to $25 per hour per player. Obviously, this can frequently prove quite expensive for the average player.

Under the World Poker Exchange�s �No Rake Poker�, the rake for both cash games and tournament play will be completely eliminated and rake charges will be refunded to players� accounts at the end of each week.

WPE�s Managing Director Haden Ware said, �We�re fortunate to have a great strategic position, due to the extensive crossover between our sports betting and card room businesses. While no-rake isn�t an option for most companies, we�re confident that free poker will deliver major new traffic to our other businesses, including sports wagering, live betting, horse racing and casino wagering.�

According to poker professional Max Pescatori, 'For those of us who like to play high-stakes tournaments online, it makes no sense to play anywhere else. The savings will be huge.'

Source: OnlineCasinoNews

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