Party Poker Lays the Smackdown on a Number of Its Affiliates
Party Poker has been actively trying to snuff out any affiliates who offer rakeback to their clients over the past year or so, and have taken their battle to new heights over the past couple of days.
It all started with Party Poker saying that as of June 1st, if a player closed an existing account with Party Poker and opened a new account (for the purposes of rakeback or because of other financial incentives), then this new player account would no longer contribute to the affiliate accruals of the new affiliate account that they signed up with. So basically, if you had an existing account, and opened a new account in order to qualify for rakeback, the affiliate that you signed up under will no longer be getting paid for your account. Or, perhaps you were offered some kind of a sign-up bonus for opening up a new account under a new affiliate. Again, the affiliate you signed up under will no longer be getting paid for your playing activity.
Now here's the real kicker. Party Poker, in line with their affiliate terms and conditions, has the right to go back and deduct money from the affiliate for traffic that they deem to be referred through "fraudulent means." Meaning, all of the rake that you generated for your affiliate since you opened up your second account; Party Poker is going to ask for any money paid out to the affiliate back. So if over the last few months, you generated $10,000 in rake total, and the affiliate you signed up under was paid $2500, then Party Poker is going to deduct $2500 from the affiliates account.
For affiliates who signed up hundreds or thousands of players by telling them to close their old accounts and sign up for new ones underneath them, this adds up to a lot of money. Some affiliates are logging in and reporting that they have a negative balance of $100,000+.
What is unknown at this time is if Party Poker will just be keeping any money that they don't have to pay out to affiliates, or if they will be returning any money to the affiliates who had their players poached. We will continue to ask around and update this story as we get more information.
If you are a player who signed up for a second account, you probably won't notice any change. If you are receiving rakeback, then I wouldn't expect any more payouts, as your affiliate most likely will not be getting paid, and likely has a HUGE negative balance that they will never work off.
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There's a new article by Neil Channing: What Is It You Actually Do for A Living
Czarina
from: Mud Butte, SD Post #8972
what a life
Nevitt
from: Ophir, OR Post #8718
Lucky escape on the actuarial front. _________________ Monarch to the kingdom of the dead.
Liat
from: Corinna, ME Post #6352
Actuaries die young.
Sanne
from: Waterford, CA Post #5234
Sick life
Seriously tho you should write a book Neil. Would be a big seller in the poker world
Bink
from: Woodlawn, TX Post #6722
just catching up on the 2+2 pokercast and just listened to the one with neil on. He was the best guest they have had for months and for me was up there with danny robinson. Absolutely hilarious stories and refreshing english honesty to questions that really portrayed a really great character. His ribbing of the camel was merciless but hilarious. the honesty about the early years was amazing.
Another good article as standard and a book should be commissioned. _________________ The next best thing to gambling and winning is gambling and losing.
-- Nick "The Greek" Dandalos
Alcino
from: Braggs, OK Post #6204
darrensprengers wrote: just catching up on the 2+2 pokercast
Can you re-listen to this if i missed it Link pls
Corene
from: Cypress, IL Post #6833
Can you re-listen to this if i missed it Link pls
Marayah
from: Midway, UT Post #7613
Overated wrote: darrensprengers wrote: just catching up on the 2+2 pokercast
Can you re-listen to this if i missed it Link pls
Subscribe to it on itunes.
Maddy
from: Eccles, WV Post #6156
Can you re-listen to this if i missed it Link pls
Subscribe to it on itunes.
Cally
from: Star, ID Post #5956
Subscribe to it on itunes.
Kendyl
from: Keezletown, VA Post #9899
darrensprengers wrote: just catching up on the 2+2 pokercast and just listened to the one with neil on. He was the best guest they have had for months and for me was up there with danny robinson. Absolutely hilarious stories and refreshing english honesty to questions that really portrayed a really great character. His ribbing of the camel was merciless but hilarious. the honesty about the early years was amazing.
Another good article as standard and a book should be commissioned.
Listening to it now. Absolutely brilliant entertainment. Neil could make a mint as an after dinner speaker. _________________ I'narr en gothrim glinuva nuin I'anor
Gurth gothrim Tel'Quessir
Mayen
from: Stanton, TX Post #9233
Listening to it now. Absolutely brilliant entertainment. Neil could make a mint as an after dinner speaker. _________________ I'narr en gothrim glinuva nuin I'anor
Gurth gothrim Tel'Quessir
Brennon
from: Keswick, IA Post #7800
Checkov wrote: Overated wrote: darrensprengers wrote: just catching up on the 2+2 pokercast
Can you re-listen to this if i missed it Link pls
Subscribe to it on itunes.
Sorry but i refuse to pay for things from the internets
You can get practically anything for free these days
Wassim
from: Carriere, MS Post #7581
Can you re-listen to this if i missed it Link pls
Subscribe to it on itunes.
Sorry but i refuse to pay for things from the internets
You can get practically anything for free these days
Penny
from: Hayden, CO Post #9289
Subscribe to it on itunes.
Sorry but i refuse to pay for things from the internets
You can get practically anything for free these days
Nana
from: Somis, CA Post #7664
Sorry but i refuse to pay for things from the internets
You can get practically anything for free these days
Wes
from: Searsboro, IA Post #7305
darrensprengers wrote: just catching up on the 2+2 pokercast and just listened to the one with neil on. He was the best guest they have had for months and for me was up there with danny robinson. Absolutely hilarious stories and refreshing english honesty to questions that really portrayed a really great character. His ribbing of the camel was merciless but hilarious. the honesty about the early years was amazing.
Another good article as standard and a book should be commissioned.
Darren could you post a link to the danny robinson podcast Im sure he had some storys to tell. _________________ Show me a good loser and i'll show you a loser
Danilo
from: Deerfield, MA Post #9977
Darren could you post a link to the danny robinson podcast Im sure he had some storys to tell. _________________ Show me a good loser and i'll show you a loser
Onno
from: Evergreen, NC Post #8887
They are all here. I recommend 1) the Stu Ungar special ep 50 2) Danny robinson one ep51 3) Channing one ep 91/93
the jamie gold one is pretty interesting aswell.
sklansky minutes really piss me off. whose with me
http://pokercast.twoplustwo.com/archives.php _________________ The next best thing to gambling and winning is gambling and losing.
-- Nick "The Greek" Dandalos
Emjay
from: Hudson, IL Post #6383
It used to be called rounders the poker show and can be found here. there is a very good chip reese one.
I think the catman should do an english version of this so we get to hear from more english poker players. _________________ The next best thing to gambling and winning is gambling and losing.
-- Nick "The Greek" Dandalos
Ravey
from: Aubrey, AR Post #9174
Overated wrote: Checkov wrote: Overated wrote: darrensprengers wrote: just catching up on the 2+2 pokercast
Can you re-listen to this if i missed it Link pls
Subscribe to it on itunes.
Sorry but i refuse to pay for things from the internets
You can get practically anything for free these days
It's free on itunes
Nannie
from: Lonaconing, MD Post #7176
Can you re-listen to this if i missed it Link pls
Subscribe to it on itunes.
Sorry but i refuse to pay for things from the internets
You can get practically anything for free these days
It's free on itunes
Chau
from: Fountain Run, KY Post #8138
Subscribe to it on itunes.
Sorry but i refuse to pay for things from the internets
You can get practically anything for free these days
It's free on itunes
German
from: Bolivar, OH Post #7876
Sorry but i refuse to pay for things from the internets
You can get practically anything for free these days
It's free on itunes
Balvina
from: Mount Joy, PA Post #9266
It's free on itunes
Ottis
from: Howardsville, VA Post #9125
funnyname wrote: Lucky escape on the actuarial front.
Qualified actuaries earn a lot.I'd take it over poker any day.
Leilani
from: Sabina, OH Post #8432
Qualified actuaries earn a lot.I'd take it over poker any day.
