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Old 09-25-2007, 04:29 PM
magoo magoo is offline
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Join Date: Mar 2004
Posts: 648
Default Re: Canterbury Park rake increase

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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

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"Touche!"
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