POKER TO RETURN TO BETCOIN.AG

Poker will return to Betcoin.ag the week of 26, January 2018 with no restrictions.

by Betcoin on January 17th, 2018

In our attempt to calculate and repay Bad Beat Jackpot contributions precisely to those players that contributed them it was determined that each contribution cannot be determined with 100% accuracy. Without this 100% transparency and accuracy we believe the redistribution was unacceptable.

During this review process we consulted poker executives and players and all confirmed that the most transparent and best way was to open poker back up and lower the requirements of the bad beat jackpot until it is earned by the players. Our goal is to do the right thing and remain fully transparent therefore poker will open back up to everyone and the bad beat jackpot requirements will be lowered. As a result of this change in direction, some Staff members will be leaving the company and will be replaced. Players will have full access to ring games, table games, jackpots, tournaments and more.

We are modifying the rules of the BBJP in order to make sure they are crystal clear and we expect a posted update to the rules by Monday, 22, January 2018 and we expect poker to resume in full the week of the 26, January 2018.

We want to thank everyone for the great feedback and assistance in this matter. We are dedicated to making Betcoin.ag the best place in the world to play.

 Filed under: Poker

148 Comments

Gobiboom: Fixed now, thanks. Now I can
Fri, 01/19/2018 - 02:18

Fixed now, thanks. Now I can downvote plo8's gaslighting PR nonsense.

kevin31100: Players
Fri, 01/19/2018 - 09:06

I feel like the biggest idiot!

moonshibe: I've got faith
Fri, 01/19/2018 - 10:38

Never had a support ticket to date that didn't get delt with and i opened quite a few. I got faith in these guys still... don't let me down. Let's turn it into a 100 btc guarantee starting stack is your action to the bbj hehe

gingerbeer100: Hahaha and the gravy train
Fri, 01/19/2018 - 12:56

Hahaha and the gravy train continues. Im no longer holding my breath. I have an outstanding ticket near reaching 2 months as always check back in a few weeks. :D It's ogre folks there is no BBJ payout and the fact it's up for winning again should show that . Proof of stake Betcoin show us the Jackpot ............

Total Tool: Solution
Fri, 01/19/2018 - 15:16

I have my HH and everyone should in their Betcoin folder. You can scroll and find how many hands the table contributed, divide that by the number of players and the table then BLAM! How about this betcoin, If I send you my HH and my calculations of the BBJ I contributed, YOU CREDIT MY ACCOUNT WITH THE FUNDS! Simple and leaves the calculations up to the player and your staff can verify. Thoughts? And don't say you dont have the staff to review it, that's not our issue. Your site, your labor problem.

Total Tool: number of players AT the table
Fri, 01/19/2018 - 15:18

i ment @ the table not and

SickMetaGame: Correct...
Fri, 01/19/2018 - 16:25

You are right hands were stored in the hand history folder in your Betcoin folder but the problem here is that a lot of the players don't have their full history in order to calculate it and it wouldn't be fair if only some players get their share while others don't.

Reasons for not having hand history could be playing on a browser, changing computers, reinstalling etc.

SMG

_Hermes: Withdrawal fee
Fri, 01/19/2018 - 16:18

Why is there now a $50 fee to withdraw Bitcoin from the site? This is BS, you cancel poker, promise the BBJP, can’t figure it out, bring poker back AND add a Withdrawal fee? This is BS.

BigThangz: use alt coin
Fri, 01/19/2018 - 18:53

everyone knows BTC fees are higher then ever, use LTC or ETH if u want cheap fees and faster transactions when moving coins around

ipath: player free rolls
Fri, 01/19/2018 - 17:13

I wonder how many players would be opposed to using some of the BBJ prize pool to fund some tournaments. How cool would it be to take 5-10 btc from the BBJ and use it for a tournament series freerolls for VIP members like their use to be. silver+ .5 btc gold+ 1 btc etc. These used to run somewhat often and i think its a very fair way to distribute a percentage of the BBJ in a different was to engage the community. This would be pretty excellnt publicity for betcoin running super hig GT freerolls to distribute a portion of the BBJ and allow some of the busto/retired players to actually have a shot at earning a nice pay day themselves for years of loyalty. Let me know what you guys think.

cycovizion: @ipath Freerolls open to all
Fri, 01/19/2018 - 20:16

@ipath Freerolls open to all contributors would make a lot of sense, but they clearly are trying to get people to deposit more money to their site to chase winning that jackpot. OR they do not even have the funds to distribute it.

ipath: yea
Fri, 01/19/2018 - 20:20

Its kind of confusing. Obviously the rake generated by the high amount of cash game play that will happen during this "promotion" will help cover some costs. I think the players are owed some Thank you VIP free rolls. Its an excellent chance for betcoin to make alot of players happy and bring some excitement.

spaced: i literally hate this freeroll idea
Sat, 01/20/2018 - 00:07

don't give poker players money to the casino players period.

spaced: as a matter of fact if you ever decide to run anymore freerolls
Sat, 01/20/2018 - 00:13

set them up in such a way where you have to actually play poker to gain entry into them, not some retarted system of which people are required to schill on forum posts or some other dumb shit. Make the poker room and all promotions to do with poker locked in a way where you have to play poker to gain any of the benefits from such promotions.

anjack: That smell...
Fri, 01/19/2018 - 18:24

You’re in a real catch 22. You want us to believe that you can’t accurately determine how much every player contributed to the bbjp, and that the best solution is for us to deposit more money.

At best, you are completely inept and should not be trusted.
At worst, the money is not there, you are criminals, and should not be trusted.

Any fool that puts more money in this site is going to get exactly what they deserve.

Thanks for making the choice to leave this site extremely easy.

methagame-BTC: few questions
Fri, 01/19/2018 - 20:39

am i the oly obe beig happy to get the poker back ?

you saied tournaments as well ? is it a mistake or is it true ? last question , will you stop pojer once BBJP is clear or you are panning to let it run ?

Betcoin: The response has been very
Fri, 01/19/2018 - 21:57

The response has been very very good and there have been many messages of excitement and thankful comments to us and the staff. Tournaments will run. It's true. The plan is to continue with poker after the BBJP is exhausted, however an assessment will be made at that time. Thank you for your support.

twitchyseal: Pretty disappointed overall
Fri, 01/19/2018 - 21:39

Pretty disappointed overall with how my negotiations with Betcoin have turned out. It's certainly better than them just taking it, or doing some non-transparent payout.

We went from:
Lets figure out how to return entire Jackpot to players based on how much they contributed ==>
Lets figure out how to reopen the room, fix the rules and get the Jackpot payed out quickly and fairly ==>
Lets just change the minimum requirement, leave the other rules the same and let the BBJP get hit 10 times, including a 10% house fee for each hit

Currently the way I interpret the rules, the cut of the entire Jackpot is determined by the stakes of the table , 20% for .10/.25 and lower, 50% for .25/.5 - 2/4 and 100% for 5/10+ ( http://www.betcoin.ag/files/betcoin/images/bbjtablelimits.PNG ) The same BBJP fee is taken from all tables, so it should all be the same.

The biggest issue I have with how the rules are is that each hit will almost certainly only payout 20% of the total, since it will be at 25NL or lower.

Of that 20%, the house will take 10% off the top for themselves, another 20% to put back into the jackpot, and the remaining 70% (of the 20%) will go 70% to winner, 20% to loser and 10% to other players at the table.

Assuming each hit happens under 50NL, this is what the first three payouts would look like (not including any added funds from hands played after reopening)

Jackpot 34000

20% = 6800

House - 680
Reseed - 1360
Players - 4760
Loser - 3332
Winner - 952
Other Players - 476

New Jackpot 28560

20% = 5712

House - 571
Reseed - 1142
Players - 3998
Loser - 2799
Winner - 800
Other Players - 399

New Jackpot 23990

20% = 4798

House - 480
Reseed - 960
Players - 3359
Loser - 2351
Winner - 671
Other Players - 336

New Jackpot 20152

Betcoin: The BBJP will be paid out
Fri, 01/19/2018 - 21:53

The BBJP will be paid out precisely how the rules have been set since the beginning and it will be fully transparent. Many players have participated in funding the BBJP under these rules and the payout rules will not be changed. The qualifying hand will be lowered and based on the fact that most will play low stakes this will give several players a chance to win a significant share of the BBJP. We believe this is the fairest and most transparent way possible to distribute the BBJP and is 100% inline with how it was created and how it would have paid out had it continued. We thank everyone for their feedback and look forward to bringing poker back next week!

twitchyseal: Are you guys going to let it
Fri, 01/19/2018 - 22:07

Are you guys going to let it hit 10 times and then payout the tenth winner the reseed money?

That's how I understood it.

Betcoin: That is still in discussion
Fri, 01/19/2018 - 22:10

That is still in discussion exactly as to what number it will be but yes the reseed funds would be distributed at whatever point the final winner wins. Again, we don't know the number of winners yet as that is still in discussion as we were having with you in a ticket and we really wanted to finalize it and be crystal clear before announcing what it will be but we certainly want to respond to these great questions.

Mentat: Well
Fri, 01/19/2018 - 22:25

If players are no longer active, it would certainly be an incentive to play more especially since the BBJP is 40+ coins.

However, loweing the requirements does take a bit of equity away from people who contributed whom may no longer be active (((or are not currently active)))

Therefore as some others have mentioned, I do think it would be kind to consider appropriating some sort of portion of the BBJP to players who, again, contributed, but will no longer participate under the altered formats, which DOES affect the equity of their initial contribution.

Either way, hearing that the requirements will be lowered should help with getting the games going and I wish that I was one of the people that could be in those games, when poker returns.

Alas, I am not.

twitchyseal: "The BBJP will be paid out
Fri, 01/19/2018 - 22:20

"The BBJP will be paid out precisely how the rules have been set since the beginning" <---You should probably not say this then.

sevzor82: so let me get this straight ,
Fri, 01/19/2018 - 22:20

so let me get this straight , you are gonna jerk us around for a few more weeks , then we get nothing. Or better yet some bs ticket system that wont even pay out what we are rightfully owed ? What a joke and a scam. Thanks for nothing betcoin. Really amazing way to treat your long time loyal customers. I guess its your last eff you to us, after youve made untold amounts off of us. REALLY CLASSY !!!!

oOBehindYOUOo: Make it exclusive to existing players that contributed.
Sat, 01/20/2018 - 02:01

Please consider excluding anyone that took advantage of the free registration damage that lost us wpn in the first place. Also consider 1. This would not exactly be fair for who were here to build the bbj 2. anyone new having a chance is not exactly fair. Maybe just make a tournament series so it can be controlled and fair? I dont know, whatever just bring back poker please and ill be happy.

_Hermes: Player Voted System
Sat, 01/20/2018 - 09:37

Hey Geniuses,
How about coming up with 4-6 payout options, that you can actually accomplish. Submit them IN CLEAR LANGUAGE for a vote by players.
Allow 1 week.
Follow through w/i a week.

Betcoin: Poker to return the week of
Sat, 01/20/2018 - 14:36

Poker to return the week of 26th of January, 2018. Please check the forum for updates. Thank you to everyone for your feedback.

Betcoin: Poker Update
Thu, 01/25/2018 - 00:55

Poker is set to return under the full management and control of a highly experienced poker group with many years experience in the industry. In order to maintain the highest level of security, the poker site is being completely separated from Betcoin.ag. This will facilitate the process and help to ensure against collusion and fraud. All player accounts will still be fully accessible, but the new poker site will have separate balances and deposit addresses. Both sites will maintain the highest level of customer service, while continuing the tradition of a great rewards program and fast withdrawals. Programming is still hoping to have this completed by Friday, January 26, however due to some complications, it may be the following week, at the latest. We will keep you updated throughout the week with regard to the progress as well as the updated rules on the Bad Beat Jackpot. We are excited to return poker to you. It will be a much improved experience and thank you very much for playing with us.

Oldstuff: lol show of hands? Who didn't see this delay coming?
Thu, 01/25/2018 - 18:09

breeding so much confidence.

twitchyseal: Who will be in charge of
Thu, 01/25/2018 - 01:06

Who will be in charge of Poker Operations.

MoneyCoin: Poker Update
Thu, 01/25/2018 - 11:11

I think BBJ that you need to play in freerolls, in which only players who have formed BBJ.

1PEPPER1: Confused
Thu, 01/25/2018 - 17:15

Im confused, is this seperate poker site going to be a new download or are we still going to access it from Betcoin with all our info and wallets intact. If its going to be 2 totally seperate entities I assume a forced deposit will be a part of that, as to be seperate, our wallets as they are now on Betcoin will be void for poker??

BigBadMan: DeJaVu
Fri, 01/26/2018 - 18:01

Anyone else get the feeling that they've been here before ?

Certainly rings a bell with me & very similar to a few exits... I have found myself caught up in over time !

FukSocietyy: Unacceptable and unreasonable way of handling this.
Fri, 01/26/2018 - 20:15

I find this whole thing ridiculous..Why can't you guys be transparent? What do you mean by a group of people ( why can you name them????? If they are so reputable??? Till this day we don't even know which new management took over the site??? How do we even trust you guys at this point where you guys are not even putting names or trying to build any reputation???? It's like selling a car without a brand???? How do you guys in management find this acceptable.. no one even can answer and tell me if WPn tournaments are coming back yet... It's like everything is a hush hush topic... I find this whole thing dealt in such a horrible manner.. all time frames all promises being missed yet ...you are trying to be better than the previous Management.... Till now I didn't uttter a word but enough is enough...

LetsGumbol: If it bothers you so much
Fri, 01/26/2018 - 22:31

Just don't play here if its getting to you this much. Simple as that. I surely won't be.

moonshibe: Updates
Fri, 01/26/2018 - 21:29

Any?

zzzzzz: Nothing official afaik
Fri, 01/26/2018 - 21:37

They are bringing in a new team to manage all of the poker.

From what I understand:
- "its an experienced team" so I can take some guesses as to who... but that would only be a guess.
- Yes WPN shared tourneys will be back
- No you will not be "forced to deposit" though the wallets will not be associated with your betcoin balance (it will be different but your player history and balance would still be associated).

Nothing official, just gathered this from the thread and player chat... (remember, I am just a forum moderator so my information is very limited).

Mentat: I'm a little puzzled by them
Sat, 01/27/2018 - 19:42

I'm a little puzzled by them taking such a course of action. Closing down the poker room and then coming back to WPN? odd ..

Mentat

Mentat: what
Mon, 01/29/2018 - 21:03

what

Betcoin: Poker Update - Very Close to Launch
Sat, 01/27/2018 - 22:58

Poker is very close to it's return and we had hoped to have it available this weekend however we are very certain that it will launch EARLY next week. We apologize for any inconvenience and we will certainly keep you updated.

trump2017: That's great news
Sat, 01/27/2018 - 23:24

That's great news and I am looking forward to it , but I just realized all My bonus poker chips are gone. I had over 74 and now I got 0. Can someone please look into this and let us players know what happened because I don't think it's right to just take them when poker is returning..............

EyeWonBTC: Poker Bonus Chips were a promotion that ended.
Sun, 01/28/2018 - 00:13

I can't find the thread but when asked, Betcoin stated that Poker Bonus Chips were a promotion that ended. According to the rules/terms it could be ended at anytime without notice.

twitchyseal: Their terms basically give
Sun, 01/28/2018 - 00:29

Their terms basically give them permission to whatever they want.

As players, all we can do is keep track of the decisions they make and let others know.

If they want to take everyones bonus chips, fine.

If they want to steal the BBJP, fine.

If they want to throw a no collusion freeroll and then allow a bunch of colluders to play in it, fine.

It's up to the players whether or not each of these decisions is in their best interest, which will affect their future decisions.

twitchyseal: I'd also like to add, while
Sun, 01/28/2018 - 00:53

I'd also like to add, while it's up to the players to hold Betcoin responsible - being a 'site pro' and NOT holding Betcoin responsible == being complicit. (ahemm...plo8monster...ahemmm)

twitchyseal: bbjp rules
Sat, 01/27/2018 - 23:42

"We are modifying the rules of the BBJP in order to make sure they are crystal clear and we expect a posted update to the rules by Monday, 22, January 2018"

You guys are really doing everything possible to keep the bar as low as possible when it comes to player expectations.

Wonder if the whole "everyone's bonus chips are gone" will be another multi-month drama.

PS - Please ask plo8monster to turn down the shilling - he's telling players you guys are working 24/7 on making things right, which is obviously nowhere close to the truth. Honesty is the best policy.

Betcoin: Bonus Chips: We are informed
Sun, 01/28/2018 - 01:01

Bonus Chips: We are informed bonus chips will show in your bonus chip balance as exactly what they were when poker was terminated. We are getting very very close. Thank you.

twitchyseal: Can we talk to whoever told
Sun, 01/28/2018 - 01:39

Can we talk to whoever told you this?

Mentat: what
Mon, 03/19/2018 - 14:12

what

yankani: Bonus Poker chips
Sun, 01/28/2018 - 16:51

hey were of no use anyhow. I had 14 of them but couldn´t use them. You can not play with them.

Would be nice, free them in order to play for the BBJ

oOBehindYOUOo: bonus chips are released at a rate of 2 per 15.
Sun, 01/28/2018 - 17:07

tards.

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