Re: ✅ SwC Poker ♣️ BITCOIN POKER ♣️ Hold'em✅ PLO✅ Mixed✅ MTT✅ ♣️ BBJ🌟 ♣️ BIG BTC🏆
RE: Recent Rake Increase, April 2023
I understand that the increase or decrease in rake caps is may be necessary due to a dramatic rise or fall in the price of Bitcoin, but a change in the rake percentage represents a huge fundamental change in SWC rake policy. A change in the percentage has nothing to do with a change in the price of Bitcoin. Can you please explain why you are making these changes to the rake percentages?
The archived SWC rake is here: https://swcpoker.club/old-rake
I will post a few examples of the changes made to SWC rake policy
NL PL Games:
10/20 and under April 2023 to present: 5%
25/50 and up April 2023 to present: 4.5%
-------------------------------------------------
10/20 and under Jan 2021 to April 2023: 4%
25/50 and up Jan 2021 to April 2023: 3.6%
-------------------------------------------------
Too many rake changes from Aug 2020 to Jan 2021 to mention
There was a lot of confusion by SWC team regarding how to make changes
This is when the 1st fundamental shift in rake percentage policy takes place
A lot of very angry players
-------------------------------------------------
10/20 and under Nov 2018 to Aug 2020: 2.5%
25/50 to 500/1000 Nov 2018 to Aug 2020: 2.5%
-------------------------------------------------
I looked around the internets and found an old rake chart from SWC in 2016 where the NL/PL rake was 2.5% for all stakes.
As you can see from the no limit and pot limit rake changes listed above, over the course of approximately 3 years the rake percentage has doubled. Why? The limit games rake percentage has also increased substantially. I will post regarding those separately.
Here is a quote from SWC 2019:
We don't adjust rake %, only the cap. If we never changed the rake cap and bitcoin increased significantly we would no longer have the lowest rake in the industry. The inverse is true when the price falls, if we didn't raise the cap we wouldn't make enough to pay our bills.
Most players won't ever notice these changes because SwC is committed to always offer games with rakes much lower than the industry.
What happened to SWC in 2020? Can you please justify this dramatic shift in policy?
I understand that the increase or decrease in rake caps is may be necessary due to a dramatic rise or fall in the price of Bitcoin, but a change in the rake percentage represents a huge fundamental change in SWC rake policy. A change in the percentage has nothing to do with a change in the price of Bitcoin. Can you please explain why you are making these changes to the rake percentages?
The archived SWC rake is here: https://swcpoker.club/old-rake
I will post a few examples of the changes made to SWC rake policy
NL PL Games:
10/20 and under April 2023 to present: 5%
25/50 and up April 2023 to present: 4.5%
-------------------------------------------------
10/20 and under Jan 2021 to April 2023: 4%
25/50 and up Jan 2021 to April 2023: 3.6%
-------------------------------------------------
Too many rake changes from Aug 2020 to Jan 2021 to mention
There was a lot of confusion by SWC team regarding how to make changes
This is when the 1st fundamental shift in rake percentage policy takes place
A lot of very angry players
-------------------------------------------------
10/20 and under Nov 2018 to Aug 2020: 2.5%
25/50 to 500/1000 Nov 2018 to Aug 2020: 2.5%
-------------------------------------------------
I looked around the internets and found an old rake chart from SWC in 2016 where the NL/PL rake was 2.5% for all stakes.
As you can see from the no limit and pot limit rake changes listed above, over the course of approximately 3 years the rake percentage has doubled. Why? The limit games rake percentage has also increased substantially. I will post regarding those separately.
Here is a quote from SWC 2019:
Bitcoin fluctation price should not affect to rake. Rake is paid based on a % of the pot so the price of bitcoin in $ have no relation..
We don't adjust rake %, only the cap. If we never changed the rake cap and bitcoin increased significantly we would no longer have the lowest rake in the industry. The inverse is true when the price falls, if we didn't raise the cap we wouldn't make enough to pay our bills.
Most players won't ever notice these changes because SwC is committed to always offer games with rakes much lower than the industry.
What happened to SWC in 2020? Can you please justify this dramatic shift in policy?
Oh wow, I didn't see there was another rake increase yesterday. Thanks for pointing that out!
20-25% more rake is ...... , well I don't even find words.
This time they raised the % AND the cap, what a greedy move.
Even before the raise they were by far not the lowest rake in the industry after all those rake increases in the past.
Raising the rake/or cap would only make sense ( be necessary for swc as a company ) of the price of bitcoin goes down and the earnings are not enough anymore.But even then it's not an argument to explain rake increases with the change of bitcoin price. One thing has nothing to do with the other.
Guess they will loses 2 or 3 players of the 200 people player base now.
