Re: Are low stakes games a suckers play at Full Tilt?
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At the lowest stakes (.05/.10) Full Tilt takes a rake of %10 of the pot. Seemingly insignificant, but look what happens often in a game like omaha hi/low...
Players #1-5 enter the pot for .10, so $.50 pot preflop . The flop comes and hits player #1 hard for the low and he pushes all his money ($4.75 into the center)....everyone folds to player #5 who has a lock to the high and so he calls with the rest of his stack (also $4.75) The cards play out so the outcome is just as anticipated: player #1 takes the low, #5 wins the high. However, the $10 is now raked at %10...so both “winners” get to split a pot of $9...$4.50 each...which means they each lost $.35 on the hand!!!!! And the other 3 players in the hand each lost $.10. Full Tilt makes $1.30
So, unless one scoops, how can such a game be profitable?
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This is called the poor man's tax. Very standard.
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