Thanks. Those things mostly make sense. I’m still not understanding how the rakeback affiliate works. More than 99% of my lifetime poker play has been live.
Here is what I am imagining.
To get a player on to your poker site, you can offer them some rakeback
However if they sign up through 2+2, then they can get even more rakeback
This extra rakeback is split between 2+2 and the player
The poker site will offer more rakeback through 2+2 because 2+2 can deliver them more players.
More or less. IIRC most sites only offered fixed sign-up bonuses (mostly based on percentages of deposits, up to a certain amount) if you registered directly. Rakeback was only available through affiliates at the major sites.
Poker sites say we will give your 30% of the revenue of anyone who signs up from your website expecting regular affiliate people to go out and sign up new players. Never intending players to even know about it.
Rakeback sites have the smart idea of offering players 25% of their rake back if they sign up via their site and keep the 5%.
Rakeback sites give Mason $1000 to sell this idea to probably the most eager specific market in history.
Thanks for all of the responses. I’m sure the dude is doing fine, but even so, if I were in his spot, I’d be physically ill just thinking about all the money I left on the table.
I’m sure Mason is physically ill thinking about all the extra employees that he could have hired because of that extra income that he could have then fired in protest of Obamacare.
Thanks. Didn’t seem likely, but as you can tell from above, my knowledge of what went on in online poker back in the day (or even now for that matter) is severely deficient.
Phil’s name on 2p2 is jman28. I don’t know what all his handles were online - probably he’s Phil Galphond now online, but he was also OMGClayAiken. I think he was jman28 on Party back in the SNG days.
At the beginning all the Poker players went to 2/2 even if they didn’t have an account, by the time I told folks about the site in my small city it was 100% the most popular site out there for poker news etc…
2/2 had a wide variety of clients from all aspects of the Poker world from micro to ballers.
They were pointed in the right direction many times and refused to go that route… When the Poker world was not so trustworthy, 2/2 had a decent reputation imo that was 1 off the few sites that actually looked after each other in the murky gambling world.
I reckon at least a billion $ was lost on easy revenue through sponsored affiliate programs.
They could have had a site of there own too with a little ambition.
In addition to everything else that was already mentioned I think the biggest missed opportunity was not expanding 2+2 beyond gambling. 2+2 had a user base with many smart and often well-off posters that also liked to discuss a wide range of topics: movies, sports, politics, health, the economy, books, celebrity gossip, video games, religion, travelling, philosophy etc. Instead of building on that foundation to create a site that could have been reddit. Even if he spectacularly fails and only ends up with 1% reddit’s success that’s 1% of $3b.
I actually think I remember this thanks to his well (which was an amazing thread back in the day)–I think 28 was his number in HS football, where he played running back
So TIL that Honor Blackman, who I’ve known since childhood was one of the three people who played Catwoman on the Batman TV show, didn’t play Catwoman on the Batman TV show.
Cardinal George Pell’s conviction for child sex offences was overturned by the High Court of Australia. Basically they ruled that the jury should have had reasonable doubt. I wondered if this would happen. While I think he probably did it, I didn’t see how you could convict on the evidence presented.
