zackzk I didn't believe it either. But I heard from very good sources that those numbers were real. I guess if you have that many people playing legitimately, that you could rake in that amount of coin. I am quite envious, but the numbers are the numbers. I am just hoping to hit my teaser this sunday. Millions are not in my vocabulary.
Rio, do you work for rio sportsbook?
Email me cowboys31a@aol.com
Email me cowboys31a@aol.com
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by STRUT888/FISHHEAD:
They currently have over 23,000 people playing right now.......do the math!!
Monstor site!<HR></BLOCKQUOTE>
Maximum number of money players in 24 hour period is over 5,000. Say average is 3,000 per 24 hours. Conservatively that's 300 tables dealing 50 hands per hour and raking $1.50 per hand. That's over $500,000 a day.
They currently have over 23,000 people playing right now.......do the math!!
Monstor site!<HR></BLOCKQUOTE>
Maximum number of money players in 24 hour period is over 5,000. Say average is 3,000 per 24 hours. Conservatively that's 300 tables dealing 50 hands per hour and raking $1.50 per hand. That's over $500,000 a day.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Rio Shill:
How is this possible? that makes sportsbook revenues seem like a farce. WOW! Serious $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$<HR></BLOCKQUOTE>
of course they do isn't that what they said!
How is this possible? that makes sportsbook revenues seem like a farce. WOW! Serious $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$<HR></BLOCKQUOTE>
of course they do isn't that what they said!
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by FunkSoulBrother:
they are a little slow on payouts...other than that very good site.<HR></BLOCKQUOTE>
Agree with that also. I guess with the # of players, it may take a handful to process.
they are a little slow on payouts...other than that very good site.<HR></BLOCKQUOTE>
Agree with that also. I guess with the # of players, it may take a handful to process.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by The General:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by FunkSoulBrother:
they are a little slow on payouts...other than that very good site.<HR></BLOCKQUOTE>
Agree with that also. I guess with the # of players, it may take a handful to process.<HR></BLOCKQUOTE>
I played with PP before the explosion caused by the WPT broadcasts and advertising. Even then Party and the other large poker sites (Stars, Paradise) were slow to process cashouts. A minimum of a couple of hours. The fastest by far was WSEX.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by FunkSoulBrother:
they are a little slow on payouts...other than that very good site.<HR></BLOCKQUOTE>
Agree with that also. I guess with the # of players, it may take a handful to process.<HR></BLOCKQUOTE>
I played with PP before the explosion caused by the WPT broadcasts and advertising. Even then Party and the other large poker sites (Stars, Paradise) were slow to process cashouts. A minimum of a couple of hours. The fastest by far was WSEX.
The 182 million in revenue (not profit) is probably in the ballpark. My guess would be that is a annualized number based on a run rate and they will probably rake less than that this year since the MAJOR traffic didn't start until well after the year began.
With that said, I would LOVE to have a piece of this site.
With that said, I would LOVE to have a piece of this site.
After thinking about this a second I thought about running a few #s..let's see...
- 182 million/365 = 498,630 per day
- Max Rake $3 - call the average 1.5 (poster above)
- Raked hands per hour per table - 50 (for a full game, more for shorthanded)
- 1.5 X 50 = 75 bucks per hour per table
- Tables run say 20 hours of solid action
- 75 X 20 = 1500 revenue per table per day
- 498,630/1500 = 332 tables
I could see it. If you include the effect of short-handed tables, single table tournaments, multiple table tournaments I would not be shocked is they were able to rake 182 million.
Just a thought here, I'm not sure how long that can last though. The money has to come from somewhere and with people busting out and the rate of new customers added slowing down, I can't see the site generating those kinds of numbers for the long haul. Regardless, they will still rake in a bunch of cash though.
On the profit side, I bet the MARGINS are HUGE!!! Customer service is run out of India, hardware is cheap, and I cannot imagine that they have too many highly paid executives. VERY NICE BUSINESS!!!
- 182 million/365 = 498,630 per day
- Max Rake $3 - call the average 1.5 (poster above)
- Raked hands per hour per table - 50 (for a full game, more for shorthanded)
- 1.5 X 50 = 75 bucks per hour per table
- Tables run say 20 hours of solid action
- 75 X 20 = 1500 revenue per table per day
- 498,630/1500 = 332 tables
I could see it. If you include the effect of short-handed tables, single table tournaments, multiple table tournaments I would not be shocked is they were able to rake 182 million.
Just a thought here, I'm not sure how long that can last though. The money has to come from somewhere and with people busting out and the rate of new customers added slowing down, I can't see the site generating those kinds of numbers for the long haul. Regardless, they will still rake in a bunch of cash though.
On the profit side, I bet the MARGINS are HUGE!!! Customer service is run out of India, hardware is cheap, and I cannot imagine that they have too many highly paid executives. VERY NICE BUSINESS!!!
