Pokeraces wants to balance online poker’s playing field

Pokeraces wants to balance online poker’s playing field

A new way of thinking about how to make online poker more entertaining and rewarding is at the center of an upcoming site, Pokeraces, that is still under development but is planning to launch in the next several months. Pokeraces promises to upend the current state of online poker by taking on many of the game’s largest problems head on, based on the new Web3 technology developed by software startup i3Soft.io that features plenty of experienced poker-industry talent.

Online poker has become a playground for those with plenty of resources, money and tools to bring to play, due to the proliferation of real-time assistance and botting software, as well as the manufactured and pro-favoring edges that extended late registration and unlimited re buys provide. The fun, thepoker experience that drew millions of players to the game has gone for many players. Some of the earlier balance might be restored by Pokeraces.

At the very least, that is the plan. In a twist on what might be a casual player’s expectations, how Pokeraces will deal with the proliferation of solvers and bots and other forms of artificial intelligence is to embrace some of those tools, but to use them in a way that is markedly different from what today.

i3 Soft is chasing the online poker trifecta

i3Soft, the platform behind the Pokeraces startup, is a development entity formed at the start of 2022, that already has 40 people working to bring its new online-poker concept to life. The two were joined by a long-time associate of Williams at Parlay Games, Inc., Scott White, and the trio quickly began putting their plans into action.

According to Williams, Caldwell shared some stories about i3Soft searching for online poker’s Holy Grail. The three most important variables for online poker are game speed, player skill, and big payouts. You can have a skilled player hit a 10x payouts, but it will take a while. You can have a fast game that uses skill, but it will not pay much. Bob and I had a question about how to solve all three while maintaining a fun-first slogan.

Late registration periods that last for hours and pathways that cater to the top-of-the-mountain players are some of the changes that have been made to the online poker site. For us, online poker stopped being enjoyable a long time ago. There are five hours of late registration for a $50 poker tournament. C’mon man, please! Does our time as customers have anything to do with value?

It was clear that coming up with a new direction for online poker was no simple task. The two of us spent a lot of time on the problem-solving program. Sometimes we would have a huge breakthrough, and it felt like a real victory, complete with a sense of accomplishment and relief. Bob would say something like, ‘Wait!’ when I asked for a break to celebrate our triumph. The other massive problem has to be solved as well. Right now, right now. I would like to punch Bob in the face.

The 40% solution was used

The reality of how online poker tournament payouts are distributed was one of the near-intractable hurdles that the i3Soft founders faced. Due to their contacts and business experience, they were aware that once a tournament reaches the money, a player’s relative stack depth in relation to his opponents has a significant impact on how well they do over the long term in online tournament play. According to an i3Soft insider, heavy-pocketed players are going to cash for 40% greater rewards on average since they have several opportunities to buy in, risk it up, and develop a deep stack. That is the difference between a profitable and a losing online tourney player.

i3Soft is creating a new format that incorporates both in-house artificial intelligence and the implementation of non-fungible token. As the approach will be implemented at Pokeraces, the late-registration period disappears for most tournaments. Each player who enters will choose from a large pool of virtual players with the same skills.

The NFT aspect of the equation hasn’t been fully detailed by i3Soft or Pokeraces, but at least part of that fits into authenticating the player as it enters and performs in Pokeraces tourneys. NFTs have been little more than an adornment, a digital stamp added to also-digital collectibles in the hope of generating static revenue from poker fans and consumers. Pokeraces has partnerships with firms such as Disney and Mercedes-Benz, as well as a noted NFT developer called Polygon Studios.

Polygon has a partnership with Pokeraces, a platform that is bringing the fun back to online poker, as well as a partial tease. But that is not the only thing!

The phrase about taking just minutes to get to the money is related to getting rid of the late- registration imbalance. The site-assigned players will square off in several levels of computerized play against each other, which will take just a couple of minutes to complete. The real-life players on whose behalf the artificial intelligence players will battle wait for the results of those early levels, receiving a highlight reel featuring the most important hands.

Some players will make money in a tournament, while others will not. It will happen according to a random distribution, with deep stacks going to all players over time, not just those who could afford a lot of buy-ins over a lengthy late-reg period. The player has the option to play it out once in the money. With lots of poker play left and all the money still to be awarded, control over the poker play can be given to the actual users themselves, meaning that there is still a significant skill element involved. The skill element is present almost immediately, as viewed from a player’s perspective.

The online-poker status quo is coming to an end

Is it possible that it will work for Pokeraces? It is too soon for any predictions regarding a novel approach. The pending site will have some marketing work to do, as it attempts to sell the concept downstream in the poker world to the millions of recreational players who might agree with i3Soft’s founders that online poker isn’t much fun in modern times. Since the industry channels that cater to poker players often cater to the types of pro grinders that might view Pokeraces’ new approach as something to be challenged rather than embraced, it will be difficult to connect with many of those millions.

Pokeraces is one of the most interesting concepts that have come to light recently. Pokeraces has launched a Discord server, where players and other poker people interested in the site’s pending birth can keep track of ongoing developments in the coming months.

Summary:

Pokeraces, an upcoming online poker site, is planning to launch in the next several months. 40 people are working to bring a new online-intractable concept to life for Pokeraces, which is being developed by software startup i3Soft.io. Pokeraces will use artificial intelligence to deal with the proliferation of solvers and other forms of artificial intelligence.