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  #1  
Old 11-27-2007, 01:54 AM
texnewb texnewb is offline
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Join Date: Dec 2006
Location: Slowly learning
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Default Semi-OT: Hourly rate and rake, check my calculations?

Hi, just wanted to check if I'm doing this right. Doesn't seem correct, at least, I hope I've stuffed up here somewhere.

Estimates from rakeback.com:
$3/$6 FR LHE, 4-tables, 20 hours/week, 25% rakeback
Weekly rake $640 and rakeback $160

So hourly wage for 2BB/100 winrate with 260 hands/hr
= (2 * $6BB) * 2.6 lots of 100 hands/hr = $31.20/hr
for a 20 hour week
$31.20/hr * 20 hours = $624

After rake and rakeback
$624 - ($640 rake - $160 rakeback) = $144 total profit for the 20 hour week (or, $7.20 an hour)

Tell me I'm screwing up here somewhere.
PS: Apologies if posted in wrong forum
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  #2  
Old 11-27-2007, 02:02 AM
Gib Gib is offline
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Join Date: Aug 2005
Location: I CAN HAS HEINEKEN?
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Default Re: Semi-OT: Hourly rate and rake, check my calculations?

I was going to suggest for u to post this in beginner's but it looks like u've already done that.
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  #3  
Old 11-27-2007, 02:46 AM
ckj ckj is offline
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Default Re: Semi-OT: Hourly rate and rake, check my calculations?

is 2BB/100 at 3/6 4 tabling sustainable? I thought the games were supposed to be quite tough.
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  #4  
Old 11-27-2007, 02:49 AM
Yoshi63 Yoshi63 is offline
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Posts: 668
Default Re: Semi-OT: Hourly rate and rake, check my calculations?

He's assuming 2BB/100 before rake. After rake he's a slightly losing player.

To the OP - most people assume they can beat the game AFTER rake for 1 or 2 BB/100 hands or whatever.
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  #5  
Old 11-27-2007, 07:47 AM
El_Hombre_Grande El_Hombre_Grande is offline
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Join Date: Oct 2005
Location: On another hopeless bluff.
Posts: 1,091
Default Re: Semi-OT: Hourly rate and rake, check my calculations?

Yeah, winrate is after rake.

If you don't beat the rake, you have a loss rate.

It is possible to be a marginal multi-tabler loser and profit a little from rakeback. But its far more difficult than other $6 hr jobs.

If you can get the winrate to .75/bb.......
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  #6  
Old 11-27-2007, 10:24 AM
AbreuTime AbreuTime is offline
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Default Re: Semi-OT: Hourly rate and rake, check my calculations?

[ QUOTE ]
is 2BB/100 at 3/6 4 tabling sustainable? I thought the games were supposed to be quite tough.

[/ QUOTE ]
2BB/100 is definitely possible for those who know how to multiply and divide.
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