US Online Poker MTT Profit | Loss Report (October 2013)
US online poker room multi-table tournament profits and losses, indicating a room's strength or relative weakness in maintaining player traffic and MTT offerings.
In this report, ProfRB.com compiles monthly data on all US-facing online poker rooms in terms of whether or not their multi-table tournament schedule produces a profit, or a loss of money. This report includes US-facing online poker rooms Bovada (Bodog Network), Carbon Poker (Merge Network), ACR Poker (Winning Poker Network), Intertops and Juicy Stakes (Revolution Network), Pokerhost and Full Flush Poker (Equity Poker Network), and BetOnline Poker (Chico Network). Note: BetOnline debuted in our July 2014 report, while the Equity Poker Network debuted in our May/June 2014 report.
Every US-facing network offers its players a daily MTT schedule - we track tournaments from guarantees of $1,000 to $5,000 and higher - and we take player totals from these tournaments to determine if the room or network makes or loses money on each event. While common thought in the online gaming world is that tournaments are mostly 'loss leaders' and a miniscule portion of a gaming company's overall bottom line, you can tell by the data presented below just how strong (or not as strong) these rooms and networks are at attracting players to their sites.
A couple of notes before we dig into the numbers. The figures we report do not include freeroll or tournament ticket entries into these MTT's, so the numbers you see below are what we call "precise estimates". To see each individual US-facing online poker room's tournament schedule, full results, the amount of overlays they produce, prize pools, and more, check out our MTT Overlay and Player Traffic reports here.
OCTOBER 2013 PROFIT | LOSS REPORT
Monday through Friday schedule
Sept 2nd "Double Up Labor Day": +$6,458
Sept 2-6th: +$40,590
Sept 9-13th: +$40,768
Sept 16-20th: +$39,986
Sept 23-27th: +$38,323
Sept 30th: +$7,936
Saturday and Sunday schedule
Saturdays (Sept 7th, 14th, 21th, 28th): +$38,922
Sundays (Sept 8th, 15th, 22nd, 29th): +$146,658
GRAND TOTAL: +$359,641 in profit
Bovada continues to show why they are a strong option for US players with a meaty MTT schedule ripe with soft players and big fields. Overlays across the board are light and infrequent, meaning Bovada is reaping the benefits of an approach that is working in spades. Consistency is their key - other than some minor tweaking, their MTT scedule both during the week and on the weekend has stayed the same over the past few months. Players grow to depend on consistent offerings, and Bovada leads the way in this regard in terms of US-facing operators. Clearing $359,000 in profit during the month of September on MTT's may not seem like much in terms of how much money is made overall by the company. But it is clearly a sign of strength and continued durability - and if it ain't broke, why fix it?
If you're interested in taking advantage of Bovada's soft fields and large MTT offerings, consider signing up with Professional Rakeback!
Monday through Friday schedule
Sept 2-6th: +$28,389
Sept 9-13th: +$26,253
Sept 16-20th: +$13,967
Sept 23-27th: +$26,402
Sept 30th: +$6,843
Saturday and Sunday schedule
Saturdays (Sept 7th, 14th, 21th, 28th): +$14,908
Sundays (Sept 8th, 15th, 22nd, 29th): +$55,480
Poker Maximus VI series (Sept 8th-22nd): $218,489
Note: We included all 85 events of PMVI, regardless of GTD amount)
GRAND TOTAL: +$390,731 in profit
Merge actually cleared more in profit than higher ranked Bovada in September - however, this is thanks largely to the success of Poker Maximus VI, their premiere yearly MTT series. Still, taking PMVI out of the equation, The Merge Gaming Network earned over $170,000 on their monthly MTT offerings indicating an ability to operate tournaments north of the profit/loss line. Again, this is peanuts in terms of the type of money these networks make in a month's time. But anything in the green is better than bleeding red, and with Merge experimenting with a new MTT schedule for October, every little bit helps.
If you're interested in playing on Merge Network skins Carbon Poker, Aced Poker, and/or Pokerhost (independent cashier system), be sure to contact us!
Monday through Friday schedule
Sept 2-6th: +$8,661
Sept 9-13th: +$7,106
Sept 16-20th: +$7,354
Sept 23-27th: -$4,308
Sept 30th: +$1,305
Saturday and Sunday schedule
Saturdays (Sept 7th, 14th, 21th, 28th): +$1,755
Sundays (Sept 8th, 15th, 22nd, 29th): +$16,946
M2 Weekend (Sept 6th-9th): -$7,737
GRAND TOTAL: +$31,081 in profit
The Winning Poker Network is one that's on the rise in the US-facing market, and aside from a bit of a slip with their "M2 Weekend", they operated their September MTT schedule in the green. Clearly indicative of their new scheduling initiatives was a blip during MTT play from September 23rd through the 27th, where WPN let about $4,300 slip through the profit cracks. However, they are starting to find a balance moving forward, and that could mean a few more overlays as things shake out over the coming weeks. Sometimes you have to spend money to make money, and WPN has shown some resiliency while getting their poker operations on the right track.
If you're interested in playing on Winning Poker Network skins ACR Poker, Black Chip Poker, and/or True Poker, be sure to contact your friends at Professional Rakeback!
A note about MTT's tracked on Revolution - Intertops Poker, the only reliable and ProfRB.com recommended room on this network, segregated themselves from all Revolution MTT's with a guarantee of $1k or greater in August.
Monday through Friday schedule
none**
Saturday and Sunday schedule
Saturdays (Sept 7th, 14th, 21th, 28th): none**
Sundays (Sept 8th, 15th, 22nd, 29th): -$15,959
**= As per our Revolution MTT Overlay report, Revolution does not currently have any MTT's running Monday through Saturday that clear our $5k GTD amount or higher tracking threshold.
GRAND TOTAL: -$15,959 in losses
The Revolution Network continues on, mired in losses from lack of traffic, lengthening payout timeframes, and general lack of service or attention to their players. One would think some kind of change would be on the horizon, as no company can continue to sustain their poker operations with red coloring all over the books. September's losses - as many as can be reported on since our tracking now only covers MTT's on Sundays - are actually a lot less than losses recorded from MTT's in the past few months.
Though their MTT offerings are limited at the moment, Intertops Poker remains the only reliable and steady option on the Revolution Network. Ranked in a tie for second on our own October Cashout Report, Intertops continues to pay players well within their 5-7 business days timeframe. If you're interested in playing on Intertops, be sure to contact us at your convenience.