51
|
Poker Forums / The Rail / Re: Would dropping the rake in £1k+ events influence numbers?
|
on: April 07, 2015, 12:19:25 AM
|
Let's get one thing straight from the outset because so many people seem to forget this. These places are not there for our poker playing pleasure, they're businesses plain and simple and if they fail to make a profit they will disappear.
The costs of running a cardroom will have increased dramatically over the years so why wouldn't we expect the rake to increase?
If we take a nice £100 + £10 comp running ten years ago that nobody would have complained about:
Assume a nice steady 3% inflation over ten years and that £10 rake now needs to be £13.50 to cover the same costs. Unfortunately £100 + £10.30 in year one through to £100 + £13.50 would cause uproar in the poker community so they leave it at £100 + £10 for as long as they possibly can.
There's always been the problem that some comps will subsidise others. As far as costs are concerned a £10 + £1 comp will lose a small fortune, a £1000 + £100 will make a small fortune and at a guess a £200 + £20 will about break even. A place like DTD gets around this a little bit by having the £5 minimum rake.
If you look at a typical good night at DTD. 150 runners paying £5 each so approximately £750 going in to the DTD coffers..... You think that covers the cost of opening the doors for the 8 hours the comp runs for? Of course it doesn't but they still do it because somewhere down the line there will be a festival, a grand prix or a UKIPT etc. that will subsidise it.
During these festivals I'd imagine that DTD does very well and makes a good profit as long as it hits its guarantees. During the rest of the year it won't fair anywhere near as well.
Every business has to make the most of the good times so that it an ride out the bad times. Festivals are good times so I'm afraid they have to subsidise the bad times.
In direct response to the original question the answer is a resounding NO!!
Agree with this completely.
|
|
|
57
|
Poker Forums / The Rail / Re: MicroMillions anyone?
|
on: March 29, 2015, 07:21:48 PM
|
Must be a few punting today, I'm currently in the plo8 $3.30rb, going ok, going to give the storm a miss but will definitely in for the main.
|
|
|
58
|
Poker Forums / The Rail / Re: MicroMillions anyone?
|
on: March 28, 2015, 11:37:33 PM
|
Not going so well so far, but its NL 5PLO8 so anything can happen, bit of a luckbox phase to get through, I've passed the non nut best hand a few times to stupid sized bets/calls but hey ho... Approaching bubble with a few bounties in the $11 prog so might get something worthwhile out of the day yet
|
|
|
60
|
Poker Forums / The Rail / Re: MicroMillions anyone?
|
on: March 28, 2015, 01:18:24 AM
|
I'm running out of these to win quite quickly now. sb completes I check QQ in bb like a boss and see an AKJ flop fml I peel a flop bet and fold when he doesnt slow down on the turn, thoughts on how bad that line was please! Next hand I 3bet shove AKdd into the bb AA gg. 352nd for $37.
|
|
|
|
|
| |