FLORIDA ALLOWING POKER GAME STAKES TO BE RAISED IN JULY!

[Hellcard]

Hello everyone, new user here, i had heard from the track that i play at they were gonna start doing cash games...this made me pretty excited so i came online to look it up. after reading all these comments i am amazed at the fact that there seems to be alot of people saying that a 1/2NL cash game is not going to be any good...ARE YOU NUTS! that is so perfect...you have an oppurtunity to get into a hand with a two dollar blind and have a potential pot of 900 dollars...now i know that wont ever happen. but if you are any kind of a decent player and know how to wait and get a good read on your table, the oppurtunity here is absolutely huge...in a 12 hour session you should be able to win 12 decent pots. if there is only 50 bucks in each of those pots thats 600 bucks. and you also have the oppurtunity to flop the stone cold nuts and have three people bet 10-20 bucks into you. i mean this is incredible, anyone who says this isnt good for poker in florida cause the rake will be too high or the limit just isnt high enough is crazy and shouldnt even be playing poker. this is a step in the right direction and i think we should all embrace it and get ready to make some freakin money off some donkey ass tourists. thank you

[Truthiness24]

I'm still waiting to see who these donkeys are. From the sentiment in this thread, everyone thinks that they will be able to quit their jobs and make a mint in the cardroom.

[NY60]

I have to agree.

However, I can see the point that all the other posters are making as well. By mid-August there are going to be alot of very sorry people who have never had the experience of playing NL cash games especially in person as opposed to online.

If I were a betting man (how ironic is that), I would say that there is going to ba a windfall for about six weeks so get your seat cushions ready its going to be a wild ride with a short window of opportunity until things settle down a bit.

[dag221]

I agree with the previous two posters. I play at the Jacksonville card room and everyone there seem to be licking their chops at all the money they are going to make. Not a single person has yet said " Oh no I am going to lose money faster once the limits go up".

I did hear someone say the states cut of the tournament rake was going to be HIGHER than it is even now so I don't see any relief of playing a higher buy-in tournament. Remember a high rake is still a high rake no matter how much the buy-in is. I have heard numerous players complaining about low stakes buy in for the tournament but these are the same players who don't hesitate to give the house/state 29%-30%
of the money they shell out. It wouldn't surprise me if the percentage of rake goes up for the tournments because the house isn't going to reduce their rake even if they have to
give the state a bigger slice.

Will anyone play a tournament with a 33%rake ( just a number I made up for argument sake). Of course they will..they will line up out the door. And these are the same people who think they are pros and are going to fleece everyone once the limits go up. I however will not be paying an increase in rakes as I very rarely play in the tournaments now with the 29% rake.

One more thing to remember. The card rooms are going to spread whatever games bring in the most money. If thats 1/2 No limit then it will be that. If it's the same old 1/2 limit then it will be that. Just because you want to show up and play X game doesnt' mean it will happen. There are lots of people who don't want to play for $5 a bet. But I think there will be plenty of options for everyone.

I guess I could have made this post a bit shorter by simply making the following point. Whats the point of raising the stakes of playing if you are also raising the cost of playing to make it worthwhile. Higher rakes, jackpot rakes,
time charges for low action no limit. Why does everyone assume the pots are huge in no limit? I bet the average pot in a no limit hand is the same or smaller than a decent limit game.Of course there is always the possibility of the one big hand payout that makes it attractive but it's kind of ironic that most pros that make a living playing poker play limit games more than no limit.


I am curious to see how the higher limits affect the Omaha games personally..as thats the game where the real donkeys are and I am going to make a killing.....ooops did I say that????

[facepull]

firsy things first. the card room near me is close to FSU and FAMU . enough said there. second, the regular players at this room JCKC are the worst players I have ever seen anywhere I have played. the raise in stakes will not effect these people's play until they are broke. however that said im not sure if a 6/half hour plus a 1 dollar per pot bad beat rake can be beat if they do what I was told they will do which is limit buy-ins to 100 and say you are at $45 you can rebuy back to 100. as for the tournies well unless they cahnge the structure they can go [censored] themselves but even with all that the morons will flock to play them.

[Russ M.]

[ QUOTE ]
I play at the Jacksonville card room

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What have they been saying? I called there last week and was told they still hadn't decided on what exactly they were going to spread. Are they seriously considering doing rake + time charge? That'd be super lame. I can live with their current 10%/$5 rake structure and the added buck for the jackpot drop but a time charge on top of that would be ridiculous.

And yeah, I have little hope for the tourneys. Since they can't stay open 24 hours they will continue to rape tourney players and idiots who can't wait to play donk-n-goes with 30% vig.

[dag221]

I have heard nothing specific from the Jax Cardroom about rakes....just what I have read on this forum, although I did hear the cardroom manager speak of a time charge as a possibility. However if anyone institutes a time charge THERE IS NO RAKE. The time charge is the rake. Each player is simply paying an hourly rate to play. I find it hard to believe anyone would really instiute a time charge at this level but keep in mind if the rakes drop a certain amount in the no limit games they may change to that. I am not a no limit expert but from what I have seen the games seem to be a bit tighter in no limit and most of the pots would generate lower rakes than in the limit games. I am sure the house would alter whatever rake structure they have in place
for a no limit game so that the rake is at least equal to what they could be getting if they were spreading any other game.But since they are ultimately aiming for $3-$5 a pot I don't think it would be too hard to achieve that.

The increased state cut of the tournament buy-in was something I heard at the Jax cardroom but I have no way to confirm that so don't treat it as fact just yet. I don't treat anything I have read on this forum as gospel to be honest with you. It may stay the same for all I know.
I was merely throwing out some 'what if' scenarios.
Most people are focusing purely on the stakes being raised and not all the other factors that determine whether a game or tournament is worth being played or not.

[soulvamp]

The state has doubled the annual licensing fee for each table in a cardroom, but that has nothing to do with the tourney rake directly. The cardroom might bump up the already-ridiculous tournament rake to help pay for the increased licensing fee, but the state gets no direct take from any tourney fees, which seems to be what you're saying.

[dag221]

Well surely the state does take a portion of the tourney entry fees...even if it's just part of the normal percentage of the cardrooms gross/net revenues. Again this was just something I heard in a passing conversation at the Jax venue. I have no idea how the state and the cardrooms distribute their respective percentages of any of their funds. Lets hope they don't price themselves out of business. I would love to see a $100 buy-in tournament with a 20% house rake only....or better yet leave the rake at the current $13 but I don't see that happening.

[BigRed1]

Lets see,
$100 Buy-in
360 players paying only the top 20
3000 starting chips
50/100 starting blinds
18 min levels.

It's pretty much of a crap shoot now, higher buy-ins may decrease the number of players. As the costs go up a lot of players will start to think about the chance of getting into the money.