Re: What is a Fair Rake?
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I don't play blackjack too often, but at 2% edge (basic strat is 1%?), the table would have to produce $5000 worth of bets per hour to be worth $100 to the casino.
I'm sure friday/saturday night this happens, but on average, I see a lot of BJ dealers standing around doing nothing, or dealing HU.
on a per-table weekly basis, I'd take a random poker table over a BJ table or craps table, and even lay odds. Not an expert, but going with my gut here. What do you think?
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I think that you're missing a key element in your analysis. Poker revenue is steady table vs. table. What I mean is, a full table playing "X" size game is going to generate "Y" revenue per hour. If the game is played at 100X size, the casino may realise 1.5Y or even 2Y.
The beauty of gaming as a business model is that it is one of the few (if not the only) endevours where diminishing utility returns don't really apply. If anything, the opposite is true. One's desire to consume (gamble) is in proportion to one's resourses. The more you have, the more you must bet to get that excited feelin' deep in your innards.
The point is, there's a reason you see dead spreads all over the place out in the pit and you see lists that are 20+ names of people waiting to play in the poker room.
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