The house takes all the money.

[IWINORIDIE]

Cash game rake, tournament fees, sngs fees etc are way too much money. $100 an hour + comes off the table in a cash game. 10% of EVERY prize pool goes to the house in tournaments and sit n gos. Its ridiculous. There is no doubt 8 out of 10 players lose in the long run.

Examining the rake/fees closely:

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. Its a joke.

Through this silly card game they are able siphon away massive amounts of money from the average person. It's [censored].

Discuss.

[KamiKatze]

[ QUOTE ]


$100 Heads SNG. Each players pays $5 to the house. You are risking $105 to win $95. 5% disadvantage.

Discuss.

[/ QUOTE ]

Are you seriously serious?

[r0eKY]

i stop playing live because of the rake/tip/food/gas/wait. Nobody can make a living play 1/2nl or less.

[BigBuffet]

[ QUOTE ]
i stop playing live because of the rake/tip/food/gas/wait.

[/ QUOTE ]

The rake and tips are expenses. Same as if you rented a storefront or an office. You buy food and gas whether you drive to an office or a casino.

Although there is an old guy at the Mirage who brings his own bag lunch everyday. I guess he doesn't like getting a free buffet comp everyday [img]/images/graemlins/confused.gif[/img]

[Shagadelic]

5% rake in a SNG?

Try 23% for 120 SNG at Foxwoods, WORST % ever. Almost unbeatable

[PITTM]

I'm gonna take a guess that OP is in the 8/10 category?

[TheChad]

[ QUOTE ]
i stop playing live because of the rake/tip/food/gas/wait. Nobody can make a living play 1/2nl or less.

[/ QUOTE ]

you probably shouldn't be playing for a living if you can't beat anything higher than 1/2nl. shot in the dark. I wouldn't consider it for anything less than 5/10nl.

[IWINORIDIE]

I am not a communist. They should obviously be compensated for providing us with this service, but what they do charge is ABSURD. And I dont want to hear its not that bad because its on a per use basis. Or this is what the market bears. We all idiots for playing.

[popeye18]

IN the game i play i come off as an ass when i tip 2 bucks for a 500 dollar pot cause all the other idiots tip like 2 bucks when they chop a hand.

[jackhigh]

[ QUOTE ]
I am not a communist. They should obviously be compensated for providing us with this service, but what they do charge is ABSURD. And I dont want to hear its not that bad because its on a per use basis. Or this is what the market bears. We all idiots for playing.

[/ QUOTE ]

I pay $75 plus for a lift ticket at Vail. Alternative: Walk up the hill. Conclusion: I will pay the dough (just too damn slippery - that hill!)

You pay 10% profit to a casino or poker site. Alternative: Invite 30,000 people from all over the world to play at your house 24 hours a day, 7 days a week.
Conclusion: Online poker is very convenient - thus you pay (besides, poker players are smelly (the French) and they will eat everything in your fridge -(the Hungarians and or Germans (same thing?) !)

[img]/images/graemlins/smirk.gif[/img]