True Value on Microgaming Poker Network

True Value on Microgaming Poker Network
http://winsgame.com/poker/uk


From 1 July, 2012, a new method of rake allocation, called True Value, will be live on the Microgaming Poker Network.


True Value allocates rake to players based upon their historical activity. A player will be assigned a rank that changes as he wins and losses in cash games. A new player will generate a greater-than-average amount of rake. 


Poker players will continue to clear their rakeback and bonuses based on the Weighted Contributed rake allocation method. Additionally, the rake structure does not change. No more or less money will be raked out of pots. This is just a change to who around the table has the rake credited to them in the reporting systems. 


Note that True Value only operates on cash games; no change is coming for SnG and MTT fees, or for Casino in Poker revenue. 


Microgaming Poker Network Prepared To Release Its New Rake Allocation Method - True Value
6/15/2012


ISLE OF MAN – The Microgaming Poker Network is poised to release a revolutionary new rake allocation method called True Value.


True Value works in two ways. Firstly, it allocates player rake to operators based upon volume, activity and win/loss ratio, as opposed to traditional methods, which only work with volume. Additionally, it gives greater value to new players, thus encouraging operators to acquire, retain and reactivate recreational players. Importantly, this new valuation is achieved in such a way that the players themselves will remain unaware.


In order for True Value to not impact players, it will be implemented using a dual layer system, which lays one rake allocation method directly on top of another, both working in real time and supported by data in operators’ business solutions. The end result is a method that values players correctly without alienating them.


Lydia Melton, Head of Network Games at Microgaming, comments: “This is our biggest release thus far this year, and we believe it is one of the most important releases in online poker.


“What sets True Value apart from other networks’ solutions to the valuation problem is that it uses a dual layer system, which does not impact the players themselves. Any players earning rake-based promotions, like bonuses, will clear those promotions at the same rate on True Value as on the current method.


“We are firmly on a path to creating a new type of poker network, and this is one vital step on that path, and follows on from the formation of the industry’s first Network Management Board last November.”


True Value will go live on 1 July 2012 across all operators on the Microgaming Poker Network.


-ENDS-