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#1
11-20-2007, 11:47 PM
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Re: What is a Fair Rake?
[ QUOTE ]
Also along these lines, I have always wondered how much more rake I should be willing to pay if the room is underground. I think it is fair for them to charge more since they are taking a larger risk than a legal room. [/ QUOTE ] The players are assuming a lot of risk too. I think it should be lower. If one had a choice between an underground and a B&M, what would make one prefer the club? 
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#2
11-20-2007, 11:54 PM
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Re: What is a Fair Rake?
[ QUOTE ]
[ QUOTE ] Also along these lines, I have always wondered how much more rake I should be willing to pay if the room is underground. I think it is fair for them to charge more since they are taking a larger risk than a legal room. [/ QUOTE ] The players are assuming a lot of risk too. I think it should be lower. If one had a choice between an underground and a B&M, what would make one prefer the club? [/ QUOTE ] Both the players and the operators face bigger risks in a black market game. The former reduces demand, the latter reduces supply. The effect on price (rake) could be either way, depending on which effect is more important. In practice, my understanding is that rake is indeed generally higher at underground games. This matches my intuition, since the increase in risk assumed by the players (loss of cash on hand due to robbery/raid, very low risk of actual legal trouble) strikes me as less important than the increase in risk assumed by the operators (loss of cash on hand due to robbery, loss of all proceeds from business due to civil forfeiture, significant risk of going to jail).
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#4
11-21-2007, 09:52 PM
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Re: What is a Fair Rake?
Agreed.
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#5
11-21-2007, 11:54 PM
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Re: What is a Fair Rake?
$1/hand? Wow if only... I'm also in TX and we take our underground poker at the price it is offered unfortunately.
That means a 1/2 game with sometimes less than $1k total on the table and $5max 10% rake + $2 of jackpots for $7/hand possibly coming off the table. Not counting the jackasses that tip $5 when then win a big pot. Yep, possibly > 1% of the money on the table gone each hand due to rake + tip - brilliant. I go to OK and they have $6max on 2/5 and it feels like a friggin sale.
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