Re: What is a Fair Rake?
I always bought into the 'loss leader' crap. Then I started thinking...
How much money does a $10 blackjack table make?
Assuming a huge 2% house edge and 6 people at the table, 80 hands per hour (estimating), gives us $96 per hour this table makes in EV for the casino.
Add to the fact that poker is 0 risk to the casino (poker cheaters cheat each other, not the casino), these $5+$1 rakes at 30 hands/hour is awful. Dealers dont get $1 tip after I win a $15 hand at blackjack either.
I'm going to go riot now, who's with me!!!!
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