Re: Is there anything in the world more expensive than internet poker?
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You can pay as much $5,000 per month to play cash games on the internet. Here's the math:
$3 rake per pot X 1/10th person X 50 hands per hour X 8 tables at a time X 40 hours per week = $4800.00 per month
If you play $500 SNG's, 50 per day X 20 days per month, you are paying $30,000.00 per month in juice! Here's the math:
$30 Fee X 50 SNGs X 20 days per month=$30,000.00
Here's a realistic example, of a non-pro internet poker player. 2 tables a night, for 4 hours, 4 nights a week:
$15 per hour per table X 2 tables X 4 hour X 4 nights =$480 a week.
And 90% of you are playing low limits. You are risking $30 to win $27 in $60 pots. 5% of every pot is being taken. This guarantees, it is a mathematical certainty, virtually all low limit players lose all their $$$. Your edge is not larger than 5% on average.
Here's a very clear example the effect of rake in low limit games. There are 10 players at the table each with $100 playing $3-$6 limit holdem. We'll assume every pot is raked the max of $3. In one hour the house has raked away $150. (50 hands per hourX$3)In 6 hours the house will have raked away $900. Do you see? Collectively, those 10 players have $100 left. THE HOUSE IS GETTING ALLLLLLL THE $$$$$.
This is the best business model and also the biggest fleecing of the masses ever. Gambling truly is a tax on dumb people. There is no reason we should pay this amount of $$$ or anywhere near it. WAKE UP, people!! Poker should be a near even sum game, a 3rd party shouldnt be charging us a fortune to play cards against one another. IT SHOULD BE A NEAR EVEN SUM GAME, we can all enjoy.
I AM EMPLORE EVERYONE TO SIGNUP AT A NO RAKE SITE IMMEDIATELY, AND TELL EVERY SINGLE INTERNET POKER PLAYER YOU KNOW TO DO THE SAME. It is time we brought down the cost of poker. The fleecing of poker players cant stand.
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your low-limit assessment is simplistic. you assumed every pot was raked 3 dollars and you assumed that the same people would be there the whole time. neither would ever be the case. 3 dollars is the max rake.
i have made quite a bit of money at 2/4 and 3/6 over the year. i guess you'll just have to assume i'm telling the truth.
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