Re: Sahara Tournament?
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My thoughts on the Sahara tournament are that you get a lot of bang for your buck. However, you have to realize that when they take out like a third of the money out of the payout, that overall the tourney is not exactly a winning proposition. Still, the players are generally bad, so that it can be EV neutral. I have seen dealers having to explain the rules over and over again to players. But again, please look at the payout and the number of players entering and do the math: the poker room takes out a huge chunk of money out of the payouts.
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You guys keep harping on the "high rake". It's a low buy in tourney and overall the casino might make 25-40% in the rake from this tourney as they would if they had cash games going for the same amount of time/tables.
Basically, if a casino takes a rake of less than 10, they automatically lose money on every player that enters the tourney. Equipment costs, dealer costs, floor costs, drink costs, ect.. all factor into that $ amount. And not all of the so called "rake" is actually rake. You can ask how much of this the house actually takes and how much is a save for the staff.
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