Grey Snow Poker
Iowa Tribe launches rake free online poker site that charges by the buy-in, not the hand.
Grey Snow Poker Net Worth
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.
Greysnow Poker Android
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. 390 Followers, 461 Following, 548 Posts - See Instagram photos and videos from Grey Snow Poker (@greysnowpoker). This is a discussion on Grey Snow Poker within the online poker forums, in the Poker Rooms section; I plan to register there soon. Anyone play there? What can you say about him?
Rainer Kempe’s personal statement regarding joining us at Grey Snow Poker: ‘I’m very excited to announce that as of today I’ll be partnering with GreySnow Poker. After meeting with the Chairman of the Iowa Tribe of Oklahoma and other esteemed representatives of the Tribe I’m feeling incredibly honored by the trust they put in me. The trials and tribulations of Grey Snow Poker date back many years but specifically to 2015 when the site was called Poker Tribe. The Iowa Tribe of Oklahoma had gone to the US District Court to obtain the right to launch an online poker site that would cater to players in regulated states in America as well as possibly to airline and cruise.
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.
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”.
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.
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.+
Play Canadian Texas Hold'em, Legally, in 2021
Party Poker Canada, the most trusted Canadian gaming destination, and our editor’s pick for two years, now offers a wide variety of popular card games: from Texas Hold’em, to Omaha, to 7 card stud, to Limit Hold’em and even casino games like blackjack. Play for fun, for free, or play for real, for real money that is ! Our editorial pick for 2020.
