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#1
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The house takes all the money.
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. |
#2
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Re: The house takes all the money.
[ 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? |
#3
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Re: The house takes all the money.
i stop playing live because of the rake/tip/food/gas/wait. Nobody can make a living play 1/2nl or less.
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#4
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Re: The house takes all the money.
[ 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] |
#5
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Re: The house takes all the money.
5% rake in a SNG?
Try 23% for 120 SNG at Foxwoods, WORST % ever. Almost unbeatable |
#6
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Re: The house takes all the money.
I'm gonna take a guess that OP is in the 8/10 category?
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#7
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Re: The house takes all the money.
[ 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. |
#8
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Re: The house takes all the money.
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.
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#9
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Re: The house takes all the money.
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.
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#10
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Re: The house takes all the money.
[ 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] |
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