Canterbury Park rake increase
 

I wasn't sure if it's already been posted here or not, but CP raised its rake from 4$ max to 5$ max on the 2/4-8/16 games this morning. The 15/30 and 30/60 still have a 4$ max, but now include a jackpot drop.

Re: Canterbury Park rake increase
 

Where did u hear this?

Re: Canterbury Park rake increase
 

It's posted on the tables on the stakes cards. I probably wouldn't have noticed but i saw the dealer dropping a red chip. Before I could say WTF, i look down and there it is: 5% rake 5$ max. Dealer confirmed it and said they didn't even know about it until 9:30am (it started at 10am).

Re: Canterbury Park rake increase
 

Well I dont personally mind since I never won a jp @ Cbury, but it would suck to play small stakes there now.

Re: Canterbury Park rake increase
 

finally dont have to play 8/16 when trying to win a jackpot when stuck huge

p.s.: this sucks

Re: Canterbury Park rake increase
 

[ QUOTE ]
It's posted on the tables on the stakes cards. I probably wouldn't have noticed but i saw the dealer dropping a red chip. Before I could say WTF, i look down and there it is: 5% rake 5$ max. Dealer confirmed it and said they didn't even know about it until 9:30am (it started at 10am).

[/ QUOTE ]

That sucks.

A somewhat related question: Is Canterbury's 4/8 as easy as it's 3/6? I was considering moving up before hearing this, and this just makes me want to move up more. The only reason I haven't moved up to 4/8 yet is because whenever I observe a game, people always look like they're actually trying, as opposed to 3/6 where people just throw in their chips.

Re: Canterbury Park rake increase
 

Trust me the only thing they are trying to do is lose money.

Re: Canterbury Park rake increase
 

Go directly to 6/12 where the rake is only 5%?

Edit: to answer your question: I don't think the 4/8 is significantly tougher than the 3/6...the variance could be higher due to the 4 chip structure tho...

Re: Canterbury Park rake increase
 

dromar,

Don't worry about any 4/8 game you sit in. If you make an effort to play well, and study the strat forums and analyze your play, then you'll be fine at any stakes below 30/60

Re: Canterbury Park rake increase
 

[ QUOTE ]

Trust me the only thing they are trying to do is lose money.

[/ QUOTE ]

lol

Re: Canterbury Park rake increase
 

they have a letter from randy sampson posted behind the board where the cardplayer magazines are (kind of across from the desk by the cage). it says min wage is up, workers comp, health care costs are all like double. like everything else is up. they've never increased their rake in 7 years. other facilities rakes are up. they want to maintain good customer service, etc.

Re: Canterbury Park rake increase
 

The 15 game has been flourishing lately. I think this might make it even better.

Re: Canterbury Park rake increase
 

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other facilities rakes are up.

[/ QUOTE ]

1) What other facilities? They have a market monopoly, people will pay whatever they tell them to pay (within reason) and they know it. They probably did a market analysis to determine what happens if they lose x% of business first.

2) I predict the vast majority of poker rooms in the US will be $5 max rake (for non-timed games) within 3 years

Re: Canterbury Park rake increase
 

this sucks

Re: Canterbury Park rake increase
 

[ QUOTE ]
this sucks

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Bob, what will be so bad about it? Jp drop for 15 and 30 or you expect the lower limits to dry up?

Re: Canterbury Park rake increase
 

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[ QUOTE ]
this sucks

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Bob, what will be so bad about it? Jp drop for 15 and 30 or you expect the lower limits to dry up?

[/ QUOTE ]


i don't like paying rake. i don't think that in nearly 1 million hands of limit hold i have ever been (or would have been) part of a jackpot.

Re: Canterbury Park rake increase
 

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[ QUOTE ]
[ QUOTE ]
this sucks

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Bob, what will be so bad about it? Jp drop for 15 and 30 or you expect the lower limits to dry up?

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i don't like paying rake. i don't think that in nearly 1 million hands of limit hold i have ever been (or would have been) part of a jackpot.

[/ QUOTE ]

Me either, but after all the money I have stuck down that drop I feel like I am due. I am hopeful that it will drive more players to the higher limits when they realize the lower games will be unbeatable.

Re: Canterbury Park rake increase
 

The BBJ at CP avoids me like the plague. I probably average 4-5 hrs/week for the last 3.5 years. I have been there once when it has went off. I was talking with some 6/12 regulars who said they didn't believe me as they'd been there for dozens.

Kind of funny.

Re: Canterbury Park rake increase
 

[ QUOTE ]
I am hopeful that it will drive more players to the higher limits when they realize the lower games will be unbeatable.

[/ QUOTE ]

retards don't understand rake. besides, for most of them it is not the rake that makes the game unbeatable.

Re: Canterbury Park rake increase
 

If it is true that CP raised the pot rake from $4 to $5, then the rake is as same as Commerce in Los Angeles. Commerce is well-known for its biggest poker room in the world and charges big rake.

It is simple to figure out how much a young man shall pay the life-time rake, who began poker at 25 and finish poker 55 and continue playing 1000 hours every year (say, as a regular player) The $5 rake is equivalent to hourly rake of about $25, for estimated 45 hands per hour. He pays $25K per SINGLE year and WILL PAY total $750K in his 30 years of poker life, except his tipping to dealers.

Therefore, after CP raised from $4 to $5, the young man pay
from $600K to $750K as his total life-time rake. So the difference is $150K.

-Jay

Re: Canterbury Park rake increase
 

This does suck but was probably inevitable with everyone else doing it. I wish they would just dump the Bad Beat Jackpot but I guess it does keep some of the donks coming back for a chance to win the big one. CP definitely enjoys a semi-monopoly now. Maybe when the new Forest Lake card room opens and they get some real competition they will have to provide more incentives to play out there.

Also if anyone knows what is the rake at the indian casinos like Treasure Island and Hinckley?
Is it still the same or will they increase it soon as well?

Re: Canterbury Park rake increase
 

Bah. One more reason for me to stay home.

That and the text messaging "ban", the wireless headphones ban, and the iphone ban. Nazis.

Re: Canterbury Park rake increase
 

wow this blows

Re: Canterbury Park rake increase
 

[ QUOTE ]
Maybe when the new Forest Lake card room opens and they get some real competition they will have to provide more incentives to play out there.

[/ QUOTE ]

Can you elaborate on this? Haven't heard anything of it yet.

Re: Canterbury Park rake increase
 

I think this harness racing track and card room will open sometime next year. From what I have heard, there is some rule that you have to have like 90 days of racing before the card room can open so look for races to begin next spring with the card room opening probably next fall.
I know if Forest Lake, TI and The Grand Casinos have a lower rake I will be playing there a lot more.

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Thank goodness Callerbury has a great comp program [img]/images/graemlins/grin.gif[/img]

Re: Canterbury Park rake increase
 

obv just in time for the fall poker classic

Re: Canterbury Park rake increase
 

[ QUOTE ]
If it is true that CP raised the pot rake from $4 to $5, then the rake is as same as Commerce in Los Angeles. Commerce is well-known for its biggest poker room in the world and charges big rake.

It is simple to figure out how much a young man shall pay the life-time rake, who began poker at 25 and finish poker 55 and continue playing 1000 hours every year (say, as a regular player) The $5 rake is equivalent to hourly rake of about $25, for estimated 45 hands per hour. He pays $25K per SINGLE year and WILL PAY total $750K in his 30 years of poker life, except his tipping to dealers.

Therefore, after CP raised from $4 to $5, the young man pay
from $600K to $750K as his total life-time rake. So the difference is $150K.

-Jay

[/ QUOTE ]

"Touche!"

Re: Canterbury Park rake increase
 

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[ QUOTE ]
other facilities rakes are up.

[/ QUOTE ]

1) What other facilities? They have a market monopoly, people will pay whatever they tell them to pay (within reason) and they know it. They probably did a market analysis to determine what happens if they lose x% of business first.

2) I predict the vast majority of poker rooms in the US will be $5 max rake (for non-timed games) within 3 years

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I dont know about Vegas. Theres a lot of competetion thats keeping the rake down there to extremely low levels for at least 1/2 - 2/5 NL. 5/10 NL rake in vegas is a lot higher (it being $6/half hour)

Re: Canterbury Park rake increase
 

[ QUOTE ]
they have a letter from randy sampson posted behind the board where the cardplayer magazines are (kind of across from the desk by the cage). it says min wage is up, workers comp, health care costs are all like double. like everything else is up. they've never increased their rake in 7 years. other facilities rakes are up. they want to maintain good customer service, etc.

[/ QUOTE ]

[image]http://moneycentral.msn.com/investor/charts/chartdl.aspx?Symbol=ECP&CP=0&PT=8[/image]

It should have been expected. Mo' money, Mo. money, Mo' money.


DUI

MSN Money charts

Re: Canterbury Park rake increase
 

[ QUOTE ]
I wasn't sure if it's already been posted here or not, but CP raised its rake from 4$ max to 5$ max on the 2/4-8/16 games this morning. The 15/30 and 30/60 still have a 4$ max, but now include a jackpot drop.

[/ QUOTE ]

The low limits pay a higher rake then higher limits? How the heck do they get away with that?

Re: Canterbury Park rake increase
 

[ QUOTE ]
[ QUOTE ]
I wasn't sure if it's already been posted here or not, but CP raised its rake from 4$ max to 5$ max on the 2/4-8/16 games this morning. The 15/30 and 30/60 still have a 4$ max, but now include a jackpot drop.

[/ QUOTE ]

The low limits pay a higher rake then higher limits? How the heck do they get away with that?

[/ QUOTE ]

Arent the blue ($1) chip games 10% and the yellow and higher 5%? Sounds like they are trying to push the lower limit players up into yellow. Should make them more...interesting. Plus yellow chip games are the most lucrative for the dealers on average?

Re: Canterbury Park rake increase
 

[ QUOTE ]
[ QUOTE ]
I wasn't sure if it's already been posted here or not, but CP raised its rake from 4$ max to 5$ max on the 2/4-8/16 games this morning. The 15/30 and 30/60 still have a 4$ max, but now include a jackpot drop.

[/ QUOTE ]

The low limits pay a higher rake then higher limits? How the heck do they get away with that?

[/ QUOTE ]

Good question. My guess is there's higher demand for low limit games/incentive to keep high limit games going. Not to mention they pretty much have a monopoly here. There's no competition.

Re: Canterbury Park rake increase
 

The higher rake probably won't even drive anyone away.

Any news of rising cost of tournament fees?

Re: Canterbury Park rake increase
 

[ QUOTE ]
The higher rake probably won't even drive anyone away.

Any news of rising cost of tournament fees?

[/ QUOTE ]

Lol, that would be ridiculous. The juice is already astronomical.

P.S. didnt win the jackpot today. Bummer.

Re: Canterbury Park rake increase
 

mini bet poker bites imo....will Minnesota ever go to a nl structure?

Re: Canterbury Park rake increase
 

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mini bet poker bites imo....will Minnesota ever go to a nl structure?

[/ QUOTE ]

Probably not.

Re: Canterbury Park rake increase
 

Well I guess I will going to Mille Lacs and Hinckley untill I can afford yellow chip again [img]/images/graemlins/frown.gif[/img]. Boo for spread poker as well much worse than minibet poker!

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Makes sense to me . $50 in gas to beat the rake and play in those exciting $3-6 games

Re: Canterbury Park rake increase
 

[ QUOTE ]
Makes sense to me . $50 in gas to beat the rake and play in those exciting $3-6 games

[/ QUOTE ]


Welcome to 2+2 Mr. Sampson.