Re: how beatable
If the players are half-decent, or even just a little tight, the game is going to be very hard to beat. suggestions about stealing blinds or "one bet on the flop" might happen in such a game, but those aren't the beatable games with this rake.
If the players are horrible in the loose-passive-chasing sense, you'll be paying max rake on nearly every pot you win. Let's assume 12BB/100 as a guess for a very good player's winrate before rake, and do some math:
100 hands is about 3 hours, so divide by three for hourly: 4BB=$24. It's 10-handed, so winning 7-8% of hands would be reasonable to assume-- that's 2.5 hands per hour. You only pay rake/tip when you win, but you're paying $7/win. Let's say $6.50, since some pots won't make it to $50 or you'll not like the dealer and not tip once in a while. Thus, you'll pay $16/hr in rake and tips. That leaves $8/hr as a best-case scenario.
note that dropping winrate to 9BB/100 changes the after-rake winrate to $2/hr. Another way to put it is the rake is 7.5 BB/100 in your game, so you need to win at more than this rate to make anything. If you can beat 1/2 full online, I claim you can beat the rake at this game, but it's hard to say you expect to make 12BB/100 pre-rake-- that's near-expert skill.
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