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The Rake

 
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jbharshaw



Joined: 26 Feb 2006
Posts: 102
Location: Tokyo

PostPosted: Fri Apr 07, 2006 8:32 pm    Post subject: The Rake Reply with quote

Just had this put up, Thought some may be interested.

http://gaminginvesting.com/featured_story.html

jb
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SurferJon



Joined: 03 Apr 2006
Posts: 13

PostPosted: Sat Apr 08, 2006 9:20 am    Post subject: Reply with quote

The casino I play 4-8 at while in school used to drop $1 for jackpots and then drop $1 of rake for each $10. I went in the other day and they were not only taking out the $1 for jackpots but $3 anytime the players took a flop! Since the games are generally quite loose this means a rake equivalent to the big blind is taken out on the flop. Bleah! I'm pretty sure I can still beat this game. Adjusting means tightening up more on starting hands and only coming in on the button when the pot looks to get big. $3 gets taken out of most of my pots anyway so the hit is probably $2-3/hr - is this estimate wrong? I've stopped tipping my ~$1/hr as another adjustment. Even so, this makes me seriously consider playing online. Looking at the link above Paradise Poker may be the go. Comments please!
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Mark
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Joined: 01 Mar 2005
Posts: 101

PostPosted: Sat Apr 08, 2006 12:04 pm    Post subject: Reply with quote

Hi Jb,
This is an excellent article. Most players have no idea how severely the rake impacts their profits. Even the rakes mentioned as fair are pretty brutal. In the short-handed games, they border on prohibitive. If is only whent the limits get very high that rakes like these become relatively unimportant.
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Mark
Site Admin


Joined: 01 Mar 2005
Posts: 101

PostPosted: Sat Apr 08, 2006 12:23 pm    Post subject: Reply with quote

Jon,

If you assume you get 40 hands per hour and that you win between 5% and 10% of the pots, you would win at least 2 pots per hour, so the rake may well be over $8/hr for you.

Here's a question to ask yourself:

Would you play in a $10-$20 game where an average of $10 was taken out of two thirds of the pots? That's only about $270 per hour taken off the table.

Would you play in a $30-$60 game where $30 was taken out of two thirds of the pots? That's only about $800 per hour taken off the table.

Would you play in a $100-$200 game where $100 was taken out of two thirds of the pots? That's only about $2700 per hour taken off the table.
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jbharshaw



Joined: 26 Feb 2006
Posts: 102
Location: Tokyo

PostPosted: Sat Apr 08, 2006 6:55 pm    Post subject: Reply with quote

That California law that prohibits a rake based on the pot size, is really just a way to really screw the players. Instead of a smaller rake because of a small pot the rake is the max every hand. Things could be worse. When poker first got to the casinos in Europe, They some times raked 10% of the pot no Max. Although the games were hugh, the rake would destroy everyone in short order.

Jon the biggest advantage for online play is the reduce vig. Rake is usually maximim of only $3. Additionally no dealer tip or waitress tip. Both can quickly become a major leak in your EV, especially if she smiles a lot. I might suggest you check out the site reviews at www.bestpokerguide.net

Bad beat Jackpots are bad for poker. If given a choice the skilled player should avoid jackpot games like a $2 hooker. The extra juice isn't worth the price.

jb
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SurferJon



Joined: 03 Apr 2006
Posts: 13

PostPosted: Sun Apr 09, 2006 1:41 pm    Post subject: Reply with quote

Add to that gas, additional food... I tried Paradise Poker for a bit but there aren't that many games and they are pretty tight. I moved to Party Poker and although I don't like the rake at evey 5 small bets the games are better and there are more of them.
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Wizard



Joined: 05 Nov 2005
Posts: 111

PostPosted: Sat Jun 10, 2006 11:09 am    Post subject: Reply with quote

if you want a loose online poker room, id reccomend doylesroom.com the players there are loose, and there is plenty of traffic. its my favorite poker room
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