Re: Ridiculous rake - Starting a legal poker game
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Here's how it will work. Players can buy in for cash, check or credit card. Co-op dues will be collected on each buy-in. 5% on cash buy-ins, and 8% on check/credit card buy ins. You buy in for $500 cash, you get $475 in chips . No pot will be raked.
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Busted
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Club dues you aren't collecting dues, you have a pay to play model go to operating expenses, like rent, playing cards, chips, food. At the end of every quarter, if there is a surplus, the Co-op will host a poker freeoll tournament and give away the excess funds back to its members. In this way, the "house" makes zero profit, only getting its expenses reimbursed.
We do plan to have dealers at the games, who work on tips alone. Perhaps a game girl who works on tips. I would like to hear somebody knowledgeable weigh in on this particular aspect. Can the dealers be said to be profiting?...probably
Thoughts? Will it fly?
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