Grey Snow Poker, the first real money online poker room owned by a Native American Tribe (Iowa Tribe of Oklahoma) is now open for business. Operated and licensed out of the Isle of Man, it is not open to residents of the United States. The site, called PokerTribe in a previous incarnation (the new name is cooler, if you ask me), has a long and odd history, but that is not what we are going to discuss today. Instead, let’s take a look at the site’s primary differentiator other than its ownership: its rake structure.
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Fee Instead of Rake
On its homepage, Grey Snow Poker touts something called “FairPlay.” At first glance, it is certainly an attention-grabbing title, as “fairness” has become a focus of the online poker industry in recent years. Diving deeper, FairPlay is promoted by Grey Snow as a rake-free system for its online poker site.
Rake free? Though it has not worked when other sites have tried it, it is intriguing, since we would all like to play without having to pay the house. But alas, though Grey Snow Poker might technically not charge a rake, it is not a cost-free site.
Rather than take a rake from every pot, Grey Snow Poker uses a “service-fee model.” It is fairly simple: when a player leaves a cash game table, they are charged 3 percent of the amount of money they leave with. Thus, if a player sits down with $50, has a great session, doubles their money, and stands up with a stack of $100, they are charged $3 by Grey Snow.
Players who completely bust out are charged nothing since they have nothing when they leave the table.
An Attempt to Help Rec Players
The idea behind this is to add another obstacle that sharks need to hurdle to take advantage of novices or poor players. Grey Snow tries to put a scare into players in its explanation, talking about how “Artificial Intelligence” is used by pros against recreational players (we assume they are talking about HUDs and seating scripts are specifically mentioned), and while the site doesn’t explicitly say if third-party software is banned, it does use an auto-seat lobby, not allowing players to choose their own tables.
What the service fee aims to do is reduce the incentive for players to sit down, see that there are no “fish” to pick on (or conversely, see that there are a bunch of strong players at the table), and then leave. No matter how long a player sits, they are going to be charged 3 percent when they quit. People are incentivized to come to play poker, to stay for a while, as the longer they play at one table, the more value they get out of the fee.
Players are also refunded 1 percent of the amount of money they bring to the table once they leave.
It is an interesting idea and I definitely see what Grey Snow is trying to do, but I see a couple possible problems. First, the goal is to protect casual players, but casual players are generally going to want to play shorter sessions than pros. Thus, the fee could hurt casual players more than pros – something that Grey Snow likely did not intend. Second, it unnecessarily punishes players who get disconnected or who perhaps have to logoff sooner than planned (speaking from experience, dog pukes five minutes into my game). Third, it really screws over players who join a table only to have it break soon after they sit down.
Grey Snow Poker Net Worth
Fourth and lastly, how does it work if someone busts and then reloads? If a player buys-in for $50, loses it all, then leaves, he pays no fee. But what if that player buys-in for $50, busts, then reloads for $50 and runs that stake up to $60 before leaving? He is still down $40 overall, but it sounds like he will be charged $1.80. I suppose it’s possible that Grey Snow took this into account, but there is no indication of that on the website.
Iowa Tribe launches rake free online poker site that charges by the buy-in, not the hand.
Remember a few years back when the Iowa Tribe of Oklahoma was building PokerTribe.com, an online poker site it promised would revolutionize the world’s legal, real-money internet poker scene? Yeah, don’t worry, that epic failure is not what they’re touting the launch of this week.
Instead, they’ve gone live with a poker site they call “Grey Snow Poker”. It’s got a unique profit system that claims to operate on a no-rake online poker structure.
Grey Snow Poker
Rake Free Online Poker Site
Although its creators say Grey Snow Poker is “rake free”, don’t take that too literally. It’s not really “free”. They just don’t charge what all other poker rooms define as a “rake”.
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Technically speaking, a rake is a percentage of each pot that goes on to see at least a flop, collected by the host of the game as a means of profit. The average rake is 5%. So, a typical $0.01/$0.02 NLHE hand that reaches the showdown with $5 in the pot would be raked at $0.25. The hand winner gets $4.75, the poker site rakes the other $0.25 off the top.
At Grey Snow Poker, instead of charging a per/pot rake, the Iowa Tribe makes its money by charging a flat fee based on the buy-in to each cash game table. They call it a “service fee”, collecting 3% of the buy-in from every player who joins a cash table.
Managing Director George McIntosh explains:
“This means that if two players sit down with $100 each in a cash game, the total service-fee will be $6 regardless of how many hands or hours are played.”
So, each player immediately coughs up $3 of their $100 buy-in, then plays for as long as they like—or as long as their remaining $97 allows. Kind of sounds like a tournament fee, doesn’t it?
The Tribe believes this particular poker model will appeal especially to recreational players. “We think that this, coupled with random seating, will make the playing environment more fun, more thrilling and a more level playing-field than other sites,” said McIntosh.
Grey Snow Poker for Grey Market Players
(That Means You, Canada!)
When the Iowa Tribe first began working on the now-defunct PokerTribe.com in 2012, the concept was to build an online poker site that could legally cater to US and international players. Many years and lawsuits later, that site—which never did reach real-money availability, and eventually died off as a free-to-play poker room—clearly wasn’t the answer.
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For now, at least, Grey Snow Poker is not open to US players. It’s licensed by regulators in the Isle of Man, and currently open only to players in “grey market” regions of the world—places like Canada, Germany and Russia, where the laws don’t explicitly prohibit real money internet poker games.
No doubt, the launch of the free rake online poker site is intended to get some kind of profit rolling in before they look at any other options they may have. If the flat-fee format turns out to be a strong success, then they can start looking at the legality of such a platform in other areas of the world.+
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