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Poker Forums => The Rail => Topic started by: snoopy1239 on August 09, 2007, 01:17:21 AM



Title: Methods of Rake
Post by: snoopy1239 on August 09, 2007, 01:17:21 AM
At the Broadway the other week, I was shocked to learn that sessions at the cash table were £8 per person. £80 an hour sounded a little steep for a dealer and table for my liking, but I was subsequently told that the future may see a percentage taken from the pot instead, which would work out more expensive.

From what I understand, taking percentages on average normally works out to be more costly, but there is something more soothing about this method for some reason. I'm not sure why it is, perhaps it's because you can fold and not pay.

What are the pros and cons of this method and is it as simple as working out which system provides the casino with more money per hour to calculate which works out best for you as an individual?


Title: Re: Methods of Rake
Post by: bone1986 on August 09, 2007, 08:20:34 AM
I much prefer to pay rake as long as its capped at a reasonable level, most of the games that I played in while in Vegas capped their rake at 10% up to a max of $4. On top of this there was the obligatory tip to the dealer, but again I don't find this a problem.

 This suited me as I felt that I was paying for a service when I entered pots rather than just renting a chair. As I was playing fairly long sessions, 10 hours plus, and having long card dead periods these cost me nothing but then I don't play as many pots as some people.

(http://www.suelebeau.com/images/rock.gif)


Title: Re: Methods of Rake
Post by: fearisthekey on August 09, 2007, 09:20:55 AM
Mostly psychological, I suppose. Fixed hourly rate encourages action, people want to cover their fixed cost. Percentage rake easier to swallow: "Hey I just won a thousand bux, who cares that I lose 150 of it to the house".
Rakes on split pots however  ;grr; ;grr; ;grr; ;grr; :redcard: Sit and wait for a hand, flop the nut straight, end up putting in £300, and lose money because some monkey catches up to split it with you.............


Title: Re: Methods of Rake
Post by: bone1986 on August 09, 2007, 09:54:06 AM
Spot on that is why the rake needs to be capped at a reasonable level, if it isn't then it becomes very difficult to beat the rake over a long period.

 Who knows if this would happen in this country as the casinos are currently more interested in profits, quite rightly they are a business, than looking after the long term player pool which attends their establishment.

The max rake in the US seems to have been set at about the correct amount, at least in the rooms that I have played in. This may be down to more competition or a tradition of raking at a certain level, but I just prefer to pay a reasonable rake than an hourly charge.


Title: Re: Methods of Rake
Post by: AlexMartin on August 09, 2007, 09:59:25 AM
Unless cardrooms are sensible when they bring in rake in September, we could see the death of live cash. I know the grosvenor chain has left it to individual cardroom managers to sort it out and lets hope they are sensible. Low internet rake is one of the reasons its so popular.


Title: Re: Methods of Rake
Post by: Karabiner on August 09, 2007, 10:02:31 AM
Unless cardrooms are sensible when they bring in rake in September, we could see the death of live cash. I know the grosvenor chain has left it to individual cardroom managers to sort it out and lets hope they are sensible. Low internet rake is one of the reasons its so popular.

 ;iagree;

Some casinos will no doubt kill the golden goose by greedy irresponsible raking.


Title: Re: Methods of Rake
Post by: AndrewT on August 09, 2007, 10:13:50 AM
Unless cardrooms are sensible when they bring in rake in September, we could see the death of live cash. I know the grosvenor chain has left it to individual cardroom managers to sort it out and lets hope they are sensible. Low internet rake is one of the reasons its so popular.

Indeed. Not only is it low compared to live cash, but many players don't even notice it leaving the pot. They do notice it when they see a live dealer push a chip through a slot in the table.


Title: Re: Methods of Rake
Post by: vegaslover on August 09, 2007, 11:47:12 PM
Unless cardrooms are sensible when they bring in rake in September, we could see the death of live cash. I know the grosvenor chain has left it to individual cardroom managers to sort it out and lets hope they are sensible. Low internet rake is one of the reasons its so popular.
And then there's the rakeback, not going to be seeing any of that at the casinos.


Title: Re: Methods of Rake
Post by: dik9 on August 10, 2007, 02:41:51 AM
I was subsequently told that the future may see a percentage taken from the pot instead

Are you sure they mentioned the word instead?


Title: Re: Methods of Rake
Post by: Jinky04 on August 10, 2007, 07:13:18 AM
I think fixed hourly rake is less distortionary and thus better.
 Think about it, a hypothetical hand where on the river you believe believe you are somewhere between 0-20% ahead of your single opponent. That implies, in the long run (max n/~ scenarios), you win 50-60% of the pot. 10% uncapped rake (or capped rake where the pot is small) surely turns what should be a solid call into a fold as your probable equity is eaten up?

Or am I talking absolute pish?



Title: Re: Methods of Rake
Post by: The Nomad on August 10, 2007, 09:08:41 AM
Poker players in the UK are in for a shock on this .Since when have casinos not been in the business of not making the maximum per sq ft.The rake will be far higher than the US capped at around4 dollars .Paris it can go over 10euros,we are playing 1/2 nl here.....The real screwing happens when the pot hits 31 deduction 3 jackpot 1 tip 1 now thats well over 10%.  On some small buy in tight games you can actually see the money dissapearing before your eyes.   As usual it will be the smaller games that get raked the most. Now heres the Joke so it will be left to the card room managers now they have to gets results overheads to cover etc they will take as much as the are legally allowed, the player doesnt even come into this scenario.well he does but you have to think   Victim....same as the Roulette and BJ....   The only way the rake will be kept under control is if there are market forces at work but before any of this goes down they will all get together and and come to some chummy agreement.I shall watch this with interest content in the knowledge that it cannot be more savagly raked than a joint I played in last summer game 2/4 limit holdem flop 2 turn 2 river2 jackpot 2 tip min 2 oh and they were scalping the pot as well  and you guys think they over do it in Amsterdam....Poker tables can make a lot of money for their operators with no financial risk they are not run for the players benefit that is something you may have to get used to in the UK. If you happen to play the game for enjoyment you can look on it as a price increase.If you play to win your game will have to improve to cover the Larger Nut...If you play for a living well we are back to game selection, nothing changes.  Ps that 2/4 game makes over 2k a night and its still running.


Title: Re: Methods of Rake
Post by: kinboshi on August 10, 2007, 11:15:49 AM
Will be interesting to see how DTD approaches this when/if they get the all clear.


Title: Re: Methods of Rake
Post by: londonpokergirl on August 10, 2007, 02:11:33 PM
personally i prefer 5% rake taken out of the pot, but with a maximum cap in force

Hourly charges are a pain in the bum, and come collection time, do you want to stay 1 more hour??  1 person who drops out could effectively ditch the game

Rake and everybody seems to want to play longer and leave whenever


Title: Re: Methods of Rake
Post by: The Rivercard on August 10, 2007, 02:49:12 PM
I think you all may be surprised. Casinos want attendance levels and if poker brings players in and takings go up in the bar and at the tables then I believe the rake will come down. They want you in the casino so if the main groups start fighting over your business then the rake is the best place to start.


Title: Re: Methods of Rake
Post by: matt674 on August 10, 2007, 03:00:33 PM
big items first, then leaves and finish with grass


Title: Re: Methods of Rake
Post by: fearisthekey on August 10, 2007, 03:33:32 PM
big items first, then leaves and finish with grass
sadly for you, your mind works like mine  rotflmfao
good effort.

At first I thought it was a tasty monkey dinner recipe you were sharing with us.


Title: Re: Methods of Rake
Post by: owen1923 on August 10, 2007, 03:43:20 PM
I think that the issue of rake will be dependant upon the number of card rooms in your locality.  If you happen to live in a town where there are a number of options to play then I feel that there will be plenty of choice fpr the player, therefore competition for the card room, this wil l be the thinking behinf Grosvenor leaving it up to the individual card rooms.

The people who will suffer will be those who live in areas where they only have one card room, so no competition.


Title: Re: Methods of Rake
Post by: kinboshi on August 10, 2007, 03:45:45 PM
Or how closely they 'competing' card rooms align their rakes.  Not that they'd work together to do anything to restrict competition of course.