You need to be logged in to your Sky Poker account above to post discussions and comments.
You might need to refresh your page afterwards.
is this game over for all non black market poker sites offering games to the UK?
Doubleme
Member Posts: 1,529
in Poker Chat
https://shareprices.com/news/uk-government-eyes-white-paper-on-gambling-reform-in-coming-weeks-8l8sgfhcwkc2ma9/
Online Casinos will be limited stakes to between £2 and £5 if you cannot stake more then £5 on a poker game you cannot realistically hope to make much consistent profit or if your just punting hope to win much.
If the max stake I can buy in to a tournament sit and go or cash game is £5 I am headed to the black market. Some people may point out a lot of my games are £5 etc, few points on that.
Firstly technically its £5.50 here which may seem pedantic but that's not because that stake is gone its over £5. maybe £4.40 games become the norm on here? I do play higher stake games with these though and if just £5 games would need a lot of them.
Further if the regs are pushed out of higher stake games a certain percentage will move down most will quit or go the black market but a small number however many will move down stakes. this will mean the £4.40 games of the future will be much more reg intense so ROI will go right down.
Further still it limits the chance to improve profit potential. Right now my ROI on £5 games is around 50% last time I checked but in the more reg filled £4.40 games 20% may be more realistic how much more ROI could I then get by improving my game or how much more hourly could I get by managing more tables? Fact is in this new climate it would be very rare and difficult for someone to make much more then a Shelf Stacker at Tescos.
This is from multiple sources so I guess long term I am going over to the black market sites.
Online Casinos will be limited stakes to between £2 and £5 if you cannot stake more then £5 on a poker game you cannot realistically hope to make much consistent profit or if your just punting hope to win much.
If the max stake I can buy in to a tournament sit and go or cash game is £5 I am headed to the black market. Some people may point out a lot of my games are £5 etc, few points on that.
Firstly technically its £5.50 here which may seem pedantic but that's not because that stake is gone its over £5. maybe £4.40 games become the norm on here? I do play higher stake games with these though and if just £5 games would need a lot of them.
Further if the regs are pushed out of higher stake games a certain percentage will move down most will quit or go the black market but a small number however many will move down stakes. this will mean the £4.40 games of the future will be much more reg intense so ROI will go right down.
Further still it limits the chance to improve profit potential. Right now my ROI on £5 games is around 50% last time I checked but in the more reg filled £4.40 games 20% may be more realistic how much more ROI could I then get by improving my game or how much more hourly could I get by managing more tables? Fact is in this new climate it would be very rare and difficult for someone to make much more then a Shelf Stacker at Tescos.
This is from multiple sources so I guess long term I am going over to the black market sites.
Comments
I can't imagine illegal marketing online everything seems so regulated and why would you risk your cash on an online black market poker site seems a bit dumb
I think you're over exaggerating things again
This was when I used a normal debit card in my name. I felt reluctant confirming identity at this point with them as seemed well dodgy. So I did not which makes me wonder how I will cash out there?
So yeah I definitely would prefer to stay in the regulated market. I want to be wrong on this one, I really do. However as far as I am aware Poker is considered a Casino Game. So if online casinos have max stakes of between £2 and £5 that means poker. This is been stated by multiple sources so is likely to be true.
I am not cashing out my balance and heading to the blackmarket now, I will wait until this is confirmed in the white paper then legislation before I make any moves like that.
However this really does not look good.
I think you are getting ahead of yourself here Mr Me & getting confused between Casino Games & Poker. "Online Casino" is NOT Poker.
The White Paper has not even been published yet, then there follows the consultation process, so all this is speculation.
The rumoured £2 to £5 limits refer to "Casino Games", which is Industry parlance for, typically, Slots, Roulette, Blackjack etc. These are games played against the House, whereas Poker is not played against the House, it's played between the players with the House simply taking rake/reg fees. It's entirely possible that poker may be affected by "limits", but it certainly won't be limited to £5 maximum games.
More of a concern is the Regulatory requirements (KYC, SoF, RG) all of which are already being pre-empted in most cases. This already is & will continue to have an effect of traffic levels, but for the standard recreational they are not really a problem.
All imo, of course.
The best we can hope for is that they leave poker out of this, which is highly unlikely, because why would they do that, but they could be incompetent. The next best thing is that they make cash limits in blinds rather than buyins. MTTs would be doomed for pros.
There are very busy, and very safe, unregulated poker sites out there and most pros would certainly end up there.
This is an absolutely huge deal with potential to be similar to Black Friday.
Just as prohibition fuelled a boom in criminality to feed a need this has the hall marks of something similar.
You cannot legislate against dependancy and stupidity. People have a right to spend their money how they choose.
Next up will be a 2 drink limit per person per day to combat those with alcohol problems, then maybe a 1 takeaway per week limit to combat obesity.
However is poker not considered a Casino game? would the white paper really say all casino games except poker?
people in the uk flocking to the black market is already seeing vast growing numbers how do they think getting more draconian will stop this?
If they want to stamp out the black market they will likely need to spend a lot more then any tax revenue they take from gambling right now.
Well it's probably best to wait & see. The White Paper has not even been published yet, and beyond that there's a very long road of consultation & debate before any changes take effect.
For once, it's good that things take so long to get through Parliament before they're implemented. Meanwhile the Betting & Gaming Companies are being pretty pro-active in staying ahead of the Curve
This is the absolute best we can hope for not the worst case scenario now. and With Bojos majority and his determination to get things through this will likely go through within weeks not months or years.
I hate to admit this but I really struggle to win on blackmarket sites have tried it the standard is a lot higher might be small sample size?
life poker would be cash which would be adapting to a new format but maybe I try step up game volume whilst I still can to build a cash bankroll. I do not have a lot of experience playing cash so this will be a new learning curve. The standard I saw in london cash games a few years back was simply absymal however with all the online pros turning to either the black market or live I question whether it will be that easy after changes comes in?
we very likely have a month or two left that is if we are very lucky.
It looks likely the white paper will be released 5th of sept or there abouts so we have an end day for regulated online poker in the UK.
Maximum stakes is a really stupid idea but it looks like it is happening and it looks like we will be restricted to £5 games if we are very very very lucky. most likely £2 games.
there is actually a way a poker site could get round this.
Simply have all in sats with no rake which dont win money but win entry to another tourney which has the value of £5 or £10 or higher but you dont buy in for that you have a ticket for that. Of course whilst technically a loop hole if a site does this they will likely be lynched. So I guess its grind the money up to try and make it life and or on the black market.
the fact is it is highly highly highly probable that regulated online poker will be killed as an income revenue possibility. If bookies were offering odds on this I think right now we would be able to get at least 20/1 on that. and before anyone asks me if I want to bet on this no I am not rolled for it and I wouldnt want to bet for something I really dont want to happen or bet for something which i think very unlikely unless there is very good odds on it.
Live poker may be an option there are live cash games I am more then confident I could beat but then with all the pros who dont go to the black market or move country etc coming to live poker this very may well not be the case in the future.
Plus will need a much larger role.
There is the black market sites but these are much much tougher then regulated sites mainly because they are filled with many pros who cant play on regulated legal sites where they are and they all get congealed there. I would literally say a $2 or $3 tourney on the black market sites plays to the same sort of standard as a £22 tourney on sky. Which either means sky is very soft or those sites are very tough maybe a bit of both?
One thing is for sure if I want to continue in poker for any reasonable profit in the future my game is going to have to get a lot lot lot better.
In the meantime I should focus on building my roll as much as I can as I guess for the standard I will be facing in the future I will I hate to say it once again be a fish and trying to learn to play better. I guess my plan will be to start at the micros there and just study hard so that I dont lose too much.
In the meantime whilst I can still beat the poker I can play grind it up.
Or your view is wrong?
maybe I have just had bad luck so far but ACR definitely seems like a very tough site compared to SKY.
2. Every site has its own nuances, and differing styles of play. You need to be able to adjust. I will never play on an Unregulated site. For the simple reason that if they choose not to follow the Laws of the Land in which they operate, then far far more likely to fail to give me my money
Please stop scaremongering. And, if you want a simple tip, I suggest that, if you are worried, then don't withdraw balances you hold on sites for the next 3 months. Because everything so far has centred on deposits. So-for example-any future poker-related splurges from winnings etc could wait a while.
I do not deposit to any sites more then the initial deposit and then I act like the money I have on the site is the last deposit I will ever make I dont think it is necessary to never cash out within the next 3 months I am more then rolled for the games I currently play unless I go on my worst run ever on sky poker I will not go broke and say I do keep losing until I have only a few hundred left then I will drop down to doing £2 dons if I have too. My issue is if the loss figures dont let you write of loses against winnings eg I am up more then £1000 this month If I play more then 20 days within a month losing £100 at some point in that period is highly likely but is even more likely I have won a lot more then that loss. I guess then it would be what does and does not pass an affordability check I am not giving my bank details to a site so I guess it would me been done. If loses is based on deposits then no need to worry this will not affect me at all.
I think the major thing that worries me is the max stake limit but it is unclear whether that applies to all Casino games or just games against the house. That is what really worries me.
I dont intend to scare monger I guess I just get anxious.
The way I look at this staking, it's a way of preventing problem gamblers from spending loads of money in such a short space of time as they hope for a big prize. In poker that's really hard because a gambler would have to late reg every MTT and play them all on screen playing them for hrs as they try to win that big prize. In SnG they'll have to register the tournaments then sit about waiting for others to join and again spend an hr playing it to win small prize, or shove all in hand after hand after hand for the chance to win just double their cash amount (if we excluded rake)
In sports betting, roulette, slots and black jack staking is needed because it's so easy for gamblers to spend loads of money without any effort for the chance of a big prize by doing multiple bets with massive odds, repeatedly spend money on slots for the chance of a big prize, spread their money about on the roulette table repeatedly to get the lucky number or repeatedly put money on all the black jack bonuses as they try to hit the jackpot.