ACR’s 10% Poker Rake Rule for All Deposits Causes Uproar
- ACR Poker faced criticism over its 10% rake withdrawal requirement.
- Customer support mistakenly applied the rule to winnings, not deposits.
- CEO Phil Nagy apologized, clarified the policy, and denied liquidity concerns.
Yet another scandal was stirred up on ACR Poker when a sports bettor ran into a semi-questionable 10% poker rake rule on all deposits before winnings become withdrawable. Did you know there were T&C like this? I didn't, and I wasn't the only one.
Fuel was added to the fire by mistake when the customer service agent demanded 10% poker rake calculated from the winnings, not 10% of the applicable deposit amount like the T&C state.
Like everything on social media, the ball kept rolling and stirred up all kinds of paranoia, prompting a lengthy sitrep from Winning Poker Network CEO Phil Nagy, accompanied by an apology for the mistake.
Is the 10% Rule Crazy? Is There a Liquidity Problem? What Is Happening?
It's possible there's some crisis behind the scenes, like the Full Tilt case where the bosses partied with people's money, but it's highly unlikely. Also, according to the numbers, the latest Venom Series was a success, and cash games are quite active on ACR Poker around the clock.
Could it be corporate greed?
Yes, but it would take some pretty cheap tricks, like offering crazy good odds to drive pure sports bettors to the site and keep them betting by locking their potential winnings behind the 10% poker rake rule.
We've seen something similar at online casinos, where withdrawals get stalled if the KYC isn't completed.
However, the most probable reason is somewhat unfair company policy, because ACR is an online poker room first, one that offers sportsbook and casino services on the side for its poker players. Of course they want to keep the liquidity on the site, and extra services are one of the tools in the box.
This case smells like 90% social media fuzz and 10% actual buzz. Read the terms before depositing.
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