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I assume they'll keep raking the same increments, which means rake will essentially go up 40% .

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So 0.05EUR per 1EUR pot is a higher percentage than 0.05USD per 1USD pot? right
I think what you mean is, the stakes go up 40% - then yes, the rake also goes up 40%, if people keep playing the same stakes.

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the cap goes up 40% also.