Is there anything in the world more expensive than internet poker?

[Dudd]

Party had something like a 50% profit margin when they first went public. There are few if any other industries that can boast that kind of profit margin, and almost certainly none with the kind of volume that online poker sites generate. If basic economic theory is correct, then the price of rake will have to come down. Of course, that assumes a rational consumer, and sadly I really doubt that losing players act rationally.

[econophile]

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I agree that the sites need to make money, but I think they can cut the rake in half and still make plenty.

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then move to gibraltar, open a site with lower rake, and make millions.

[silly_monkey]

Holy [censored], have have you ever played poker in a B&M casino?

[tomahawk]

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I agree that the sites need to make money, but I think they can cut the rake in half and still make plenty.

[/ QUOTE ]

then move to gibraltar, open a site with lower rake, and make millions.

[/ QUOTE ]

sigh

[econophile]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I agree that the sites need to make money, but I think they can cut the rake in half and still make plenty.

[/ QUOTE ]

then move to gibraltar, open a site with lower rake, and make millions.

[/ QUOTE ]

sigh

[/ QUOTE ]

good answer. if running an online poker site with no rake, or with less rake than party, is so lucrative, then why isn't every venture capitalist jumping at the opportunity?

[bernie]

Wow, what a revelation.

What next? The total cost of tipping a dealer over a month?

Welcome to poker outside a home game...

b

Btw...

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This guarantees, it is a mathematical certainty, virtually all low limit players lose all their $$$.

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Virtually all players lose all their money. Regardless of rake.

[byronkincaid]

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I pay @ $10k/month in trading commissions.

[/ QUOTE ]

You wanna get yourself a rakeback deal

[ShakeZula06]

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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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I haven't heard of any rake free poker sites. Are those like home games are something?

[kutuz_off]

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EVERYONE IS DUMB

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Anyone who isnt a rake nit, has no sense in their head

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Also, I think it's really weird how people here frequently react to questions about rake with so much anger and contempt

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Yeah...really weird.

[ShakeZula06]

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"Also, I think it's really weird how people here frequently react to questions about rake with so much anger and contempt, like the people asking questions are labeled "unwanted troublemakers" or something. "

THANK YOU!! Jesus christ, its about time someone said that.
People or corporations in positions of authority can do no wrong in some peoples minds.

[/ QUOTE ]

It's not that we hate questions about rake, it's that we don't like trolls.