Party Poker Increases Cash Rake Cap
Party Poker has made a number of significant changes to the way in which rake is deducted from cash games on its site.
The changes, which are being introduced tomorrow – August 24th – will have a significant effect on players´ ability to redeem their Party Poker bonus and take advantage of the Palladium Rewards program but, more importantly, will result in a bigger deduction from the pot for mid-high stakes players.
Party Poker Introduces Contributed Rake
The first change will see Party Poker awarding Party Points for the rake a player contributes to the pot, rather than dividing the rake equally between players seated at the table irrespective of whether they were involved in the hand or not (“dealt rake”). This move will reward more active players, and may act as a disincentive for tight “nitty” players from multitabling half a dozen tables and never getting involved in the action.
Party Points Remain Unchanged
Players will still be awarded Party Points at the rate of 2 per $1.00 raked from a cash game or paid in tournament entry fees, only now the award will be on how much an individual personally contributes.
Under the old scheme if there were 10 players seated around a table and $1.00 rake was taken from the pot, each player would be credited with 0.2 Party Points.
With contributed rake, if two players on the above table were solely responsible for generating the pot (and the $1.00 rake deduction) each would now be awarded 1 Party Point with the remaining players receiving nothing.
Higher Rake Caps Mean Bigger Rake Deductions
The amount of rake deducted from pots in No Limit Hold´em cash games remains unchanged at 5 per cent, however at stake levels between $3.00/$6.00 and $15.00/$30.00 the cap (upper limit) of how much rake will be deducted from a hand is increasing from $3.00 to $5.00 for 6 max and full ring games, from $2.00 to $5.00 for four-handed tables and from $1.00 to $2.00 for heads-up tables.
What this means for players playing (for example) $5.00/$10.00 NLHE is that yesterday a $100.00 pot was worth $97.00 to you and from tomorrow it is worth just $95.00. Over an hours play, you could be paying an extra $10.00-$20.00 in rake to Party Poker. Let´s hope the 4 extra Party Points are worth it!
How Party Poker´s Rake Cap Compares With Other Poker Sites
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At a time when most of Party Poker´s competitors are trying their hardest to attract poker players left orphaned by Full Tilt Poker´s demise, we find it extraordinary that they would penalise good mid-stakes players in this way while at the same time changing their rake structure to reward loose players. Maybe Party Poker believe that by encouraging more fish onto their site, they will also attract more sharks. That´s not going to happen while they still offer one of the lowest poker bonuses in the industry.