PokerShare

Some people have been asking about how the Share element of PokerShare works, I hope this information helps.

When you sign up as a player to PokerShare.com you become a member of the Poker Share Trust.

The Poker Share Trust has been set up to distribute 40% of the profits from PokerShare.com to the players. Simply speaking, it’s what makes PokerShare.com work.

Every 3 months, the Trust distributes its share of the profits to the beneficiaries – that means you, the players of PokerShare.com. When you play on PokerShare you earn Ultimate Points. For every ultimate point you earn, we give you one SHARE POINT (you can check your share points in the My Share section of the website).

Unlike Ultimate Points, your SharePoints cannot be gambled with or exchanged for merchandise, remember, even if you gamble with your Ultimate Points, win or lose, your Share Point total doesn’t change.

At the end of every 3 month period, the PokerShare Trust calculates how many Share Points are in circulation (e.g. 100,000) and divides 40% of PokerShare.com profits (eg.$10,000) by this number  to give each Share Point a monetary value (10c). So if each SharePoint is worth 10c and you have 1000 Share Points, then you are entitled to 1% of the Trust’s profits - e.g. your share will be 10c x 1000 = $100.

If after the next 3 months the total Share Points in circulation has risen to 300,000 (an increase of 200,000, or double the last quarter) as the player base has increased and you again earned 1,000 SharePoints this quarter, then your total SharePoints is 2,000. Your share is now 2,000/300,000 (e.g. 0.66%). Notice your share has dropped, HOWEVER, as there have been more players and twice as many SharePoints earned in total the profit to be released will be higher. Therefore, let’s say the Trust’s profit has increased to $21,000. Now notice this is more than double that of $10,000, this is because the revenue has doubled, but the overheads (costs) have not increased at the same rate.

So this quarter each SharePoint is worth 7c ($21,000 divided by 300,000) and you have 2,000 SharePoints, then you are entitled to 0.66% of the Trust profits – e.g. your divided will be 7c x 2000 = $140

Please note that if you played less than the month before (e.g. you only earned 250 points) then your total share would have fallen. For example in this scenario, each SharePoint is worth 7c, so your dividend will be worth 7c x 1250 = $87.5

So the more you play, the more you earn.

As time goes by and more points are accrued, if you continue to play at the same level your share will reach some equilibrium. Even though your percentage of the profits may well decrease, there will be more money to be divided out.

Please also note that if you do not play a single hand over the previous three months then you are not eligible for that quarter’s dividend. This means that your loyalty to the site is rewarded and your share is not given away to those who play lots for three months then never again!

The first dividend will be paid in early December. We will notify all members well in advance of the exact date.

For more information on Share Points please check http://www.pokershare.com/pages/page370.php

Sign-Up and Transfers

If you have a UB account and open a PokerShare account, and you transfer money between the two, these do not as first deposits and are therefore NOT eligible for bonuses. You must deposit money via conventional means to be eligible for a bonus.

I am glad to see so much interest and enthusiasm for PokerShare and hope I have answered your major questions.

I also hope to see you all on the PokerShare tables, but best of luck wherever you play.

Kind regards

Max Wright

Director of Gaming

Max,

So what is the deal between the UB username and Pshare name?  I thought I remember seeing a post saying you would be able to use the same username on both sites, but if I try and check my share points with my UB name, it says it's not found, but I can log into the PS software with my UB username & password.

Thanks,

Jeremy

http://www.pokernewsdaily.com/news.asp?news=215

Interesting pokershare news.

Bump.  Max you out there?