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tekniq
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05-02-2005, 06:20 AM
Post subject: Poker room
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#1 (permalink)
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Join Date: May 2005
Posts: 10
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Hello, I'm intrested in opening a poker room for the summer with some of the guys and I was wondering if anyone has a resource I could refrence too as far as rake structure and such? Any help is aprishiated.
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eeeee
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Full House
Join Date: Jan 2005
Location: SoCal
Posts: 906
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Sounds fun, but it is illegal.
If you ran your games for free and had no theft, fights, or other problems, you'd probably eventually get away with charging an admission, but a rake requires labor, someone standing over the table running things.
If you insist on rake, you could make it easy and understandable by taking one small chip everytime there are ten chips (any color) in the pot.
The 'quieter', low labor rake is to run a tournament format rather than cash games, shaving some coin from purse for host costs.
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I'm a know-it-all.
No, really.
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tekniq
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Join Date: May 2005
Posts: 10
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Yes, I realise all this. I belive I'm capable of properly calculating things.
I just want to know what the standard is.
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a500lbgorilla
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JESUS TAKE THE KEYBOARD
Join Date: Sep 2004
Location: This room is a good place to be
Posts: 8,379
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There is no standard.
We don't rake home games.
-'rilla
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Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
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Curtis-E
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Straight
Join Date: Apr 2005
Location: Right to the left of you....
Posts: 121
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Quote:
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Originally Posted by tekniq
Y
I just want to know what the standard is.
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The standard is "Screw the Rake" for a home game. That sucks.
Now if you have a keg of beer in the corner, and a $2 tip jar, that sounds like a great fee, and it's a fee I wouldn't mind paying.
As far as paying a rake at a home game, hahaha, do I have to tip the dealer too?
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Grand_MasterB
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Flush
Join Date: Jul 2004
Location: Cincinnati
Posts: 466
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I used to play in a home game of sorts that took a rake. Only way they got away with it was they had tons of free food and drinks (non-alcoholic) for free all of the time. So it wasnt too bad loosing a couple of dollars here and there to rake to get dinner and drinks all night.
other then that i wouldnt pay it
unless free beer and strippers
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tekniq
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Join Date: May 2005
Posts: 10
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It's not a home game.
It's a poker room.
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whileone
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Flush
Join Date: Nov 2004
Posts: 306
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Quote:
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Originally Posted by tekniq
It's not a home game.
It's a poker room.
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I'm pretty sure all of this is coverd in the gaming license application. Just contact your state's gaming commision and see what the permissible limits are. I wouldn't start off with more than 10%, because well, theres lots of casinos around here, no reason to pay a crazy amount of rake.
I think a card room is a pretty tough buisness, you have a lot of overhead with foodservice, space, and staff. do you think you could hit $100/table hour? in any case your state's small buisness administration ought to be able to help you with a buisiness plan, employment regulations and insurance regulations.
before setting up any kind of buisness, i'd take the time to find both a lawyer and an accountant. you probably won't need them right away, but it's much better to have them at your disposal when you have questions, than being stuck needing to find one in the heat of the moment.
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Noooooooooooooooo!!
--Darth Vader
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ChezJ
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Full House
Join Date: Oct 2004
Location: Washington, D.C.
Posts: 1,456
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i would think security would be your #1 concern if you expect to handle substantial amounts of cash.
that and not going to jail.
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Curtis-E
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Straight
Join Date: Apr 2005
Location: Right to the left of you....
Posts: 121
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Quote:
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Originally Posted by tekniq
Yes, I realise all this. I belive I'm capable of properly calculating things.
I just want to know what the standard is.
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Well if it's not a home game then the standard is this.
If you don't know the standard, it seems you probably have no business opening a card room.
Now of course you could find out the standard by asking like you did, but somehow I bet you still are lacking what it seriously takes to run a functional, and legal poker room.
I could be wrong though. Besides playing in a card room is much better than running one. Why would you want to ruin a good time by running the card room and listening to all the whine bags.?
I would just rather sit at the table, down brewski's, and commence to Mad Chip Stackin.
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lonnie
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Full House
Join Date: Aug 2004
Posts: 923
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I think 10% up to $3 would be a fairly standard illegal room rake. No flop, no rake, and don't rake pots that are less than $10. You could also consider taking time instead, a set amount per half-hour from each player.
Just realize that it is illegal and if you get busted you can be charged, all the money confiscated, etc. You also won't have any recourse if you get robbed.
You should probably serve free drinks and food as part of your room, maybe free cigarettes/cigars too. I would make damn sure everyone is taken care of since you are going to be making such a killing from the rake. I would hire a professional dealer to deal the game too.
I don't condone such an operation, and wouldn't run or play in such a game, but it is done all the time. If the people are willing to pay - why not??
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tekniq
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Join Date: May 2005
Posts: 10
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I never said it's legal and where I'm from there arn't any NL casinos around. The only legal one I know is 1.5 hours away. Mind you I am in a major metropolitan city.
This is only for the summer. My phone goes off the hook every day with people looking for games. This will be a invite only place and I got all the security I need. We will be playing for "points".
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Fnord
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Moderator
Join Date: Dec 2003
Location: I'll Do You Like A Truck
Posts: 19,336
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10% up to $3 is standard. No flop no drop. $10 min to rake.
If the game is 6 handed or less, the cap goes down to $2.
If the game is 3 handed or less, the cap goes down to $1.
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tekniq
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Join Date: May 2005
Posts: 10
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Thanks lonnie and Fnord.
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lonnie
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Full House
Join Date: Aug 2004
Posts: 923
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Where do you live?
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tekniq
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Join Date: May 2005
Posts: 10
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^ Eh?
Abooot.
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ChezJ
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Full House
Join Date: Oct 2004
Location: Washington, D.C.
Posts: 1,456
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http://www.wsls.com/servlet/Satellit...=1031782553592
Blacksburg police say Tech student Edwin Park ran Texas Hold 'Em poker games out of his small Terrace View apartment between mid-February and late March of this year.
Investigators believe Park and others took in a "rake," or portion of each poker hand players would bet, making the games illegal.
A district court judge fined seven people, primarily Tech students, police charged with being dealers in the poker games $400 each.
The judge ordered another 14 players in the poker games to stay out of trouble for one year and perform 50 hours of community service, or face a large fine.
Park waived his initial hearing in district court meaning his case would be taken before the next Montgomery County grand jury later this month.
Park is the person charged with a felony.
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ManhattanMan
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Join Date: Apr 2005
Posts: 40
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There are poker clubs in New York City, which are technically illegal, but they operate anyway. Generally, they charge money per hour to play, rather than using a rake. They are still illegal, and I have heard of a few that have been raided (but usually they are also engaging in other forms of illegal gambling). However, I've never been to one and probably never will, as it's too risky, and not worth the trouble.
Also, if someone is charging you $3 per half hour to play 3/6 limit tables (one of the rates I've heard), that's not exactly a good deal. In that case, you need to make 1 BB an hour just to stay even. Depending on the size of the pots, and rake percentage it might be even worse than a rake.
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Chicago_Kid
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Full House
Join Date: Aug 2004
Location: People let me tell you about my best friends...
Posts: 1,132
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Quote:
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Originally Posted by ManhattanMan
There are poker clubs in New York City, which are technically illegal, but they operate anyway. Generally, they charge money per hour to play, rather than using a rake. They are still illegal, and I have heard of a few that have been raided (but usually they are also engaging in other forms of illegal gambling). However, I've never been to one and probably never will, as it's too risky, and not worth the trouble.
Also, if someone is charging you $3 per half hour to play 3/6 limit tables (one of the rates I've heard), that's not exactly a good deal. In that case, you need to make 1 BB an hour just to stay even. Depending on the size of the pots, and rake percentage it might be even worse than a rake.
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Well, I imagine those places are either superior in terms of secrecy or in with the local cops.
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"Been gone so long, forgot how to poker"
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Corey
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Full House
Join Date: Oct 2004
Location: Oklahoma City, OK
Posts: 1,349
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{moved to offline casinos}
looks like this is for a live game moved to appropiate place
-Corey
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Corey
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lonnie
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Full House
Join Date: Aug 2004
Posts: 923
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Is this operation up and running? I'd be interested in seeing pictures. This is a very boiler-room-esque thing you're doing here.
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