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stuck
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08-20-2004, 07:39 PM
Post subject: rake & pot-odds
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#1 (permalink)
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Flush
Join Date: Aug 2004
Posts: 586
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Do people ever take into account the rake when calculating pot odds? I'd imagine not, because it tends to be a relatively small portion of the pot, but with marginal pot odds, the rake could turn it into a -EV situation.
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Krapp
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Flush
Join Date: Aug 2004
Posts: 313
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I dont. Maybe in some poker rooms where they rake $1 on a $3 pot preflop. I honestly never had paid attention to online rakes. I am remembering the rakes were under 3-5% of pot so not too significant to change betting strategy.
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Aceofone
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Flush
Join Date: Jun 2004
Posts: 497
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I believe the rake is not considered in a pot because a Pot is a short run situation; in the long run however, any leaks on income can become an issue.
ie. Short Run: You finish 1st in a 20+2, you just made 78$ net profit.
Long Run: You've played 5,000 20+2 SnGs and have averaged winning 15$ net / per SnG. Your total profit would be: 75,000, however, without the rake it would be 85,000 (5,000 * 2=10,000), in laymens terms the rake represents ~11.7% of your total income that has "leaked" from your overall wealth.
I think I got that right, if I didnt, then I really dont want to see my Economics exam results.
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Fnord
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Moderator
Join Date: Dec 2003
Location: I'll Do You Like A Truck
Posts: 19,333
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Quote:
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Originally Posted by Krapp
I dont. Maybe in some poker rooms where they rake $1 on a $3 pot preflop. I honestly never had paid attention to online rakes. I am remembering the rakes were under 3-5% of pot so not too significant to change betting strategy.
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Online is about 5% until you get to a high enugh limit that it regularly caps out at $2-$3.
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