Re: Winning players actually get around 55% of the money.
[ QUOTE ]
HOW CAN ANYONE SAY THE RAKE IS NOT MUCH OF A PROBLEM?????? OMG
Low limit cash game. $100 an hour+ comes off the table or more. Say in a 10 hour period there is $4000 on the table. In 10 hours the house has 25% of the money, $1000. And this in just one day. Playing day in day out, the house gets allllll they money.
$100 Sit n go. 10% fee, 9 handed, $990 total $90 for the house. $900 left for the players. The best players are only avg $10 a sng profit these days, while the house took $90 for itself almost all of which is profit. And the majority of the players in these sngs are losing $10 per sng. THE HOUSE GETS ALLL THE MONEY.
$100 Heads up SNG. Each players pays $5 to the house. You are risking $105 to win $95. 5% disadvantage. Those odds are as bad as a roulette wheel.
$100+20 Multi-table Tournament = 17% of the prize pool to the house.
[/ QUOTE ]
Obviously if you want to get rich in poker, the way to do it is not playing the game but owning the poker room. The rate of return for the successful online rooms is phenomenal. And thus, the rake could be slashed and the poker rooms would still practically mint money. All this is true.
But the poker rooms do not compete on price. It would be nice if they did, but they do not.
Other than that, I'm not sure what your rant is all about. We are idiots because we play the game even though the house is cleaning up on rake? Ummm, so? The players go where the games are, and as long as the games continue to be beatable under the present rake will continue to do so. I'm not sure why this makes us idiots.
So:
1. Rake is higher than it needs to be for sites to be highly profitable.
2. Successful online sites make money hand over fist.
3. Games are beatable at these sites anyway.
4. Games are better at these high rake sites than at rake restricted sites.
5. Many players thus choose to play at these high rake online sites.
6. Such players are [idiots / making do with a bad, but not intolerable situation].
So, what's your point, other than we're all idiots?
--Zetack
|