Hey, I think you guys forgot to announce that SWC changed the house rules and is no longer covering the transaction fee for withdrawals. Are there any other changes that players should know about?
I hear that you started raking rebuys and add-ons sometime in the last few weeks, too. I couldn't find any mention of that on the website, though. How much are rebuys and add-ons being raked now? When was the change made?
Withdrawals are free for players. SwC covers the transaction fee. Players receive the full amount of bitcoin requested. This has not changed.
There is also no limit to the number of free withdrawals a player may request.
Thank you for pointing this out so that this line can be removed.
Yes, rebuys and addons are charged an entry fee. As shown on the website, scheduled tournaments with a guaranteed prize pool will have a total entry fee of 6% or less. This has not changed.
You are correct that this should have been made more clear to explicitly include info about rebuys and addons.
This will be updated, and in the future we will make sure that everything is made clear and communicated to players via all channels.
So, can a "normal player" as you call him now decide who and who doesn't qualify for promotions? You really need to clear this up. He is still defrauding people daily on your site.
No. As mentioned many times higherhighs is not an SwC employee and is not in a position to decide anything regarding SwC. Their only role is as a player that has volunteered to help send in reports regarding chat rules and to forward suggestions from players. They have no authority that any other player does not possess.
All players are also welcome to send in reports, questions, feedback, ideas and suggestions via email, Twitter or here in this thread. Decisions regarding these are then made by SwC management. Many additions and adjustments have come as a result of suggestions and feedback given directly by players.
We are trying to make this as clear as possible. Any confusion about a user in chat having the authority to make these decisions is either a misinterpretation of what they said or a misrepresentation on their part. Official statements will come from official SwC accounts. If you have issues with another user please send an email to support.
ANNOUNCING THE MICRO
BITCOIN SERIES OF POKER!
I think you should make it really easy to figure out how the leader board works and what the prizes are. Make sure the way you calculate points isn't stupid or there will be nonstop bitching about it.
If you want to do something gimicky and interesting you could have 50% of the rake collected go towards the leaderboard prizes.
Also you really should address the rake increase thing before posting anymore big image promo stuff. It looks like you're trying to bury the criticism which will only make things worse. Increasing rake without announcing it is a big nono. You could've announced twice the increase and gotten half the pushback really. Poker players don't like to feel like someone is trying to pull one over on them.
You are right. The intention was for the rake adjustment to take place with an announcement to be posted shortly ahead of time.
The website was updated beforehand to correctly display the new rake schedule but the accompanying announcement was not posted at the correct time. This was an internal miscommunication and mistake that SwC acknowledges and apologizes for. Extra care will be taken to make sure everything is communicated clearly and on time in the future.
SwC has always been committed to being completely transparent with rake adjustments. The current rake schedule, along with comparisons to all past rake schedules, can always be found on the website at this address:
Some of the percentages have seen a small increase but the rake caps for most situations have also been lowered. As Bitcoin value increases we will continue to make adjustments necessary to lower caps to keep them in line.
The prizes for the MBSOP Leaderboard will be posted before the series begins.
The formula used to determine leaderboard points will be the same formula used during the BSOP:
Leaderboard Points= 10 x (√Field Size/√Finish) x (1+Log (Buy-In+0.25))Daily updates of the leaderboard with current point totals will be posted here at the conclusion of each day's events.
The schedule for the next tournament series that includes larger mid and high stakes buy-ins is currently being finalized and will be posted here soon. Expect the kickoff date to be approximately 3-4 weeks from now. There will be a tournament leaderboard for that series also.
If you have suggestions for events that you would like to see please let us know.
What was your favorite event from the BSOP that you want to see again? What do you feel was missing that you would like to see included?
