Re: Party Responds - Hilarity Ensues
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Latest calculations:
Average rake taken (per raked-hand) at party 3/6 full appears to be $2.09
Average players = 9.2
This is 22.7 cents contributed per raked-hand.
For this bonus I am getting 4.7 cents per raked-hand.
This is the equivilent of getting 21% RB from party.
If I did this for 6 of the weeks then it would end up being 23.6%.
It is still worth considering afterall.
I was previously playing 6-max though and this percentage wouldn't be nearly as high on those games.
avg rake = 1.78
avg players = 5.48
32.6 cents contributerd per hand.
at 4.7 cents in value per RH = 14.4%
I'm still thinking about it.
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Not to tempt you over to the dark side, but to give you even more to think about, equivalent numbers from Absolute ($3/6 6 max):
Average rake per hand: $1.158
Contributed rake per hand: $0.2657
Raked hands = 74.3%
Note: These are the contributed rake numbers as reported by the General page in PT. AP always reports 20-25% higher MGR, so that's good for me, while apparently not increasing the rake taken per hand. Don't ask me how they get their numbers, I just collect the extra. [img]/images/graemlins/grin.gif[/img]
Net results are thus:
Bonus collected per hand = $0.07435
Rakeback per hand (28%) = $0.07440
Total per hand = $0.14875
If you exceed $2000 MGR per month, better deals can be had. You know where to shop.
So, not only does AP pay more per hand, they collect less rake on top of it. Look at your net cost per hand, there's a VAST difference here. Plus, AP doesn't punish you for not making it, you can scale up or down at your leisure.
I'll be the first to admit that Absolute is not for everyone, the game selection is sometimes limited, and the games can be tougher. But the cost per hand, assuming your numbers are accurate, is massive. That alone should have you looking elsewhere.
I've also run numbers on Stars and find their cost per hand, after you subtract out the VIP program, is just a little higher than AP, about 15%. Not bad, way better than Party, plus no minimum play requirements, good game selection. Doesn't pay back in cash though. But isn't a lower rake structure the best rakeback of all?
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