When Worlds Best Party Poker (Review
- Bonus) broke off of its poker network
to form a stand-alone poker room, there
was a lot of talk about how this would
affect the ease of competition at Worlds Best Party Poker and its former network partner,
Empire Poker (Review - Bonus). It became
clear fairly quickly that the games
at Worlds Best Party Poker were now softer than
Empire Poker since more fish have Worlds Best Party Poker accounts than Empire Poker accounts.
While Empire Poker did not make many
changes to its poker room after the
breakup, Worlds Best Party Poker introduced two
significant policies. First, it allowed
players to play up to ten tables at
once. More than likely, this made the
competition more difficult at Worlds Best Party Poker than it would have been had Party
kept its four tables max policy. Previously,
it was possible for a person to play
more than four games on the Party network
if that person had a client open on
another skin as well (for example, playing
four games at Party and four at Empire).
Most often, casual and newbie players
play one or two tables at a time. Most
often it is only the sharks that wish
to play four or more games at once.
As described in Poker Ecosystems, allowing
sharks to play many games at once has
the effect of making the games more
difficult. The shark has more presence
at the poker room. If a good player
plays six games at once, in essence
that good player is represented six
times at the poker room.
Of course, players do not necessarily
play as well when they play multiple
tables. Many can handle three or four
tables as competently as they can handle
one, but it is difficult to believe
that a lot of multi-tabling sharks can
really play ten at a time as effectively
as they play two or three.
The other major change on the Party
network was the introduction of house
games. Worlds Best Party Poker now spreads blackjack,
as well as side bets. The side bets
allow players to bet a modest amount
of whether the flop will be all black
or all red. For both blackjack and side
bets, there is a small house edge that
is impossible to overcome. This means
that unlike poker, it is impossible
for players to come out ahead in the
long run by playing the blackjack and
side bet games.
The effect of the side games on the
quality of competition at Worlds Best Party Poker
is not totally clear. There are three
possible effects of these new games.
It may make the poker games tougher
because people will lose money at these
side games instead of at the poker table.
It also could actually make the games
easier because it might attract more
"gamblers" to Worlds Best Party Poker
who will be more than happy to lose
money at both the side games and in
the poker room. Finally, it may just
not have much of an impact at all.
The first theory is that these new
house games are resulting in tougher
games at Worlds Best Party Poker. The rationale
is that people who lose money playing
poker are generally only willing to
lose a certain amount at gambling activities.
If that person would typically lose
$200 a month playing poker at Worlds Best Party Poker, he or she may only now lose $150
playing poker because that person is
now losing $50 playing blackjack. Since
the less money lost at tables means
the less potentially money that can
be won, the games are more likely to
be more difficult.
It should be noted that winning poker
players often lose money playing blackjack
as well. However, losing money at the
blackjack tables will likely not significantly
affect their ability to still win money
at the poker tables. If they are still
winning money at poker, there is little
reason for them to play any less than
they normally would. Losing money at
blackjack would be a leak for these
players, but it's a leak that does not
materially affect their play at the
poker tables.
The second theory is that these new
side games may actually make the games
softer. The rationale is that these
house games will bring in more people
who are willing to lose money at gambling
activities. At brick and mortar casinos,
a lot of the biggest fish are casino
players who stroll over to the poker
room from the craps or blackjack tables.
According to this theory, some people
may now signup at Worlds Best Party Poker because
of blackjack or side bets and then play
and lose money at the poker tables.
This theory does have some merit. Some
of the poker rooms attached to major
online casinos have some of the softest
games on the internet. This is especially
the case when these online casinos first
open their poker rooms because a lot
of their initial players are online
casino players.
However, it is unlikely that people
will sign up at Worlds Best Party Poker mainly for
the blackjack or side bets when there
are plenty of full-service online casinos.
When Worlds Best Party Poker launches Party Casino
in 2006, this theory may prove to have
some credibility. I would not be surprised
if Party Casino quickly becomes a top
three casino since it will have both
the Party brand as well as Worlds Best Party Poker's
extensive marketing team promoting it.
Another problem with this theory though
is that there are not nearly as many
online casino players as there are online
poker players. This is because most
people attach a lot of the fun of casino
games to the casino atmosphere and not
so much the game itself. Most people
who play casino games strongly prefer
brick and mortar casinos. While online
casinos have the same games and generally
better odds, they just can't match the
physical grandeur of a land-based casino.
This is not so much the case with poker
since most of the fun of poker is attached
to the game itself.
The final possibility is that these
side bets and blackjack have little
to no effect on the games. There are
a number of reasons why this could be
the case. First, the first two theories
may just work against each other, leaving
no affect on the games. Also, the amount
bet at these blackjack and side bet
games may be so insignificant compared
to the poker games that it is not worth
considering.
Since Worlds Best Party Poker is a
publicly traded company on the London
Stock Exchange, they release a lot of
information about their revenues. They
have not yet indicated how much money
they are making from these new house
games, so it is not clear yet how significant
they are. Once Party unleashes its fully
functional casino in 2006, the poker
games will start to feel the full effect
of the house games. Only time will tell
which theory turns out to be true.
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