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Micro2Macro
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07-15-2010, 08:50 AM
Post subject: Rake structure
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#1 (permalink)
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There's a game near by at the casino running: 2/5 NLHE 100min 500max.
They charge a collection for rake of $6 every half hour.
I don't have much live experience so I don't really know what other casinos are charging. I'm curious if this is an ok rake or if its ridic high, and if so, what would be more reasonable.
It seems alright but that plus say an average of $3/hour for tips will end up being $15/hour out of our pocket. That's 3bb and hour, and assuming 33 hands an hour played we're looking at 9bb/100 hands of expenses (4.5ptbb) off our win rate. Of course I imagine that 20bb/100 before rake and tips is doable since the play is so atrocious.
Would like to hear what you guys think. Feel free to talk about the rake structure in your game too.
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Fnord
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How big is the game playing?
What are the stack sizes? How big is a typical pre-flop raise that gets action? How often are people re-buying or cycling in? How bad is the play.
Short answer, this sounds like a very reasonable rake structure. Certainly better than California.
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KoRnholio
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At a ten player table that's just $120/hr. At say 35 hands per hour, that would be about $3.50 rake per pot. Seems decent to me, it probably helps create some action too compared to a standard rake structure.
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paratrooper99
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Straight
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6$ per half hour .. I that per person?
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dranger7070
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I'm pretty sure yes, per person paratrooper. So $12/hr per person. At 33 hands/hour, that's 36c raked/hand. Not that bad.
At my local casino, (1/2) the rake is capped at 10%, $5 max or some shit + a $1 drop for the BBJ which is if any pot sees the flop.
I'd say the average pot is raked $3-4. (Including the BBJ.) Almost every hand sees a flop. Say 25 hands see the flop, * $3 = $75-$100 taken off the table per hour.
That's a little less than what you're getting raked, but you're also playing a limit higher. Seems reasonable.
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oskar
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If they don't have a bad beat or high hand jackpot or something like that, it sounds beatable. I wouldn't say it's reasonable, but it should be beatable 
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KoRnholio
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Quote:
Originally Posted by oskar
If they don't have a bad beat or high hand jackpot or something like that, it sounds beatable. I wouldn't say it's reasonable, but it should be beatable |
BB/HH jackpots are essentially neutral EV and won't affect if a game is beatable or not. If anything they probably add a little EV as it attracts more fishies/gamblers. I noticed this in Vegas this summer when the BBJ at Orleans was some crazy amount, there were many more tables going = better game selection.
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Some days it feels like I've been standing forever, waiting for the bank teller to return so I can cash in all these Sklansky Bucks.
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dev
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6/half time collection is std or a little low for a 2/5nl game.
That's what foxwoods had before the woods switched to rake when mohegan sun opened up it's room. The rake is a laughable $4/hand at 10,20,40,60 (I think). The BBJ is pretty high right now so I'm at the 1/2s for better game selection (and the chance to hit the bbj ldo).
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oskar
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Quote:
Originally Posted by KoRnholio
BB/HH jackpots are essentially neutral EV and won't affect if a game is beatable or not. If anything they probably add a little EV as it attracts more fishies/gamblers. I noticed this in Vegas this summer when the BBJ at Orleans was some crazy amount, there were many more tables going = better game selection.
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That's essentially true. depends on terms and conditions, but even in the best case scenario you have to play an insane amount of hours to expect to break even with a bbj. - where it stops being a gambol. You know with stdv and whatnot.
If everyone buys in for the minimum it becomes a rake trap. The less than quarter stack min buy-in would be a bit of a turnoff for me. Beatability depends how many players will shortstack.
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dev
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I'd estimate that most 1/2s have a mode buyin of 100 and a mean buyin of around 120-150.
Players generally aren't taking their stacks into account when they bet and raise, giving us some more edge to work with. If you don't use headphones you can even hear people talk about whether this is their last buyin or whatever, which is very useful information.
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