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griffey24
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11-07-2006, 01:37 PM
Post subject: Rakeback question...
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#1 (permalink)
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Straight Flush
Join Date: Sep 2006
Location: Toronto'ish
Posts: 4,611
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Hey guys,
So I just finished a rather up and down October as far as 100NL goes. As usual, the end of the month comes and I get a nice deposit into my account with my rakeback.
This was the first month where my rakeback was actually GREATER than my poker income. I doubt this is the case, but I was wondering if this is a common occurence for a lot of players?
For a solid profitable player, what fraction of their total poker income (Total poker income = rakeback+poker income) should we expect to be rakeback? 5%, 10, 25%?
While its nice being able to be a breakeven player for a month and still turn a profit, I'd imagine having rakeback being greater than poker earnings isn't a good sign?...
any thoughts?
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bigspenda73
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Straight Flush
Join Date: Jul 2006
Location: Pwnsylvania
Posts: 7,546
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For a NL player I am not sure, however for a limit player playing 2/4 3/6 rakeback is a huge part of income for the month, b/c even running at 1BB/100 in limit is a tough task as some levels.
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griffey24
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11-07-2006, 02:30 PM
Post subject: limit vs no limit
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#3 (permalink)
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Straight Flush
Join Date: Sep 2006
Location: Toronto'ish
Posts: 4,611
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What fraction of a limit players total poker income does rakeback represent?
Should this be more or less for a NL player?
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alias2211
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Flush
Join Date: Mar 2005
Location: U, S and A!!!
Posts: 469
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some months are good, some are bad so i don't think you can assign a percentage or ratio to RB/net profits. i personally take my RB and invest it in other ventures, which keeps my focus on BR management and subsequently better poker. so it's just gravy. i do it like this because even those months where i'm just breaking even i still have a positve, tangible reward for my efforts.
but on good months, instead i take my RB and take shots at huge games and lose it all and don't care. see how that works?
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euphoricism
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11-07-2006, 06:53 PM
Post subject: Re: limit vs no limit
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#5 (permalink)
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4-of-a-Kind
Join Date: Mar 2005
Location: Your place or my place
Posts: 3,610
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Quote:
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Originally Posted by griffey24
What fraction of a limit players total poker income does rakeback represent?
Should this be more or less for a NL player? |
Limit poker, particularly 6max, is heavily heavily raked. For quite a long time, I played poker, mostly broke even, and made 1 to 2k a month purely in rakeback.
In NL, the rake is significantly less, so you'd expect much less rakeback.
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Miffed22001
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11-08-2006, 10:03 AM
Post subject: Re: [url=http://www.flopturnriver.com/Referrals/rake-back.ht
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#6 (permalink)
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Straight Flush
Join Date: Jun 2005
Location: Marry Me Cheryl!!!
Posts: 8,181
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Quote:
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Originally Posted by griffey24
Hey guys,
So I just finished a rather up and down October as far as 100NL goes. As usual, the end of the month comes and I get a nice deposit into my account with my rakeback.
This was the first month where my rakeback was actually GREATER than my poker income. I doubt this is the case, but I was wondering if this is a common occurence for a lot of players?
For a solid profitable player, what fraction of their total poker income (Total poker income = rakeback+poker income) should we expect to be rakeback? 5%, 10, 25%?
While its nice being able to be a breakeven player for a month and still turn a profit, I'd imagine having rakeback being greater than poker earnings isn't a good sign?...
any thoughts? |
Their was a post on 2+2 a few month ago that showed a player who played 5/10 (i think maybe it was 10/20 lhe 6max) on ap with a propping rb deal. He was -0.2bbs/100 or something over like a years worth of hands and turned over enough money in rakeback for t to provide him with a living (i think the numbers were 50k in rb, but i cant be sure)
So yeah, a break even month isnt bad, it happens, and limit sure pays more rake.
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griffey24
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11-08-2006, 02:03 PM
Post subject: limit rake
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#7 (permalink)
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Straight Flush
Join Date: Sep 2006
Location: Toronto'ish
Posts: 4,611
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Wow.. 50k?
What am I doing playing NLHE?... I should be figuring out ways of being a breakeven 5/10 limit player =)
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Miffed22001
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11-08-2006, 02:44 PM
Post subject: Re: limit rake
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#8 (permalink)
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Straight Flush
Join Date: Jun 2005
Location: Marry Me Cheryl!!!
Posts: 8,181
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Quote:
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Originally Posted by griffey24
Wow.. 50k?
What am I doing playing NLHE?... I should be figuring out ways of being a breakeven 5/10 limit player =)
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it really depends on the equivalent of what 5/10 10/20 lhe is. Id love elipsesjeff's thoughts on playing limit vs NL.
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euphoricism
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4-of-a-Kind
Join Date: Mar 2005
Location: Your place or my place
Posts: 3,610
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I played 5/10 6max LHE for quite a while, and I certainly never APPROACHED 50k in rakeback. That is a pretty rediculous claim.
Also, 5/10 is raked harder than 10/20, ergo you get more rakeback at 5/10 than 10/20.
If memory serves, I generally cleared 40k hands a month and about 2k in rakeback at 5/10. To reach 50k in rakeback youd have to play an obscene amount of hands, and while I wont say its impossible, I highly, highly doubt it.
Jeff, by the way, never used rakeback.
RB at NL is no where NEAR as much of a concern that it was at LHE. Remember, at LHE we were very happy to run 1.5bb/100 over a large sample. The gains at NL are exponentially larger, and the rake is significantly smaller. This makes it not much of an issue.
It can't hurt, though. And it IS free money.
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Miffed22001
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Straight Flush
Join Date: Jun 2005
Location: Marry Me Cheryl!!!
Posts: 8,181
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Quote:
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Originally Posted by euphoricism
I played 5/10 6max LHE for quite a while, and I certainly never APPROACHED 50k in rakeback. That is a pretty rediculous claim.
Also, 5/10 is raked harder than 10/20, ergo you get more rakeback at 5/10 than 10/20.
If memory serves, I generally cleared 40k hands a month and about 2k in rakeback at 5/10. To reach 50k in rakeback youd have to play an obscene amount of hands, and while I wont say its impossible, I highly, highly doubt it.
Jeff, by the way, never used rakeback.
RB at NL is no where NEAR as much of a concern that it was at LHE. Remember, at LHE we were very happy to run 1.5bb/100 over a large sample. The gains at NL are exponentially larger, and the rake is significantly smaller. This makes it not much of an issue.
It can't hurt, though. And it IS free money. |
I must be way off with 50k then.
Ill see if i can dig out the post on 2+2.
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bigred
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PROFESSIONAL TROLL
Join Date: Sep 2004
Location: Nest of Douchebags
Posts: 2,184
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rakeback helps me lose less
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LOL OPERATIONS
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euphoricism
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4-of-a-Kind
Join Date: Mar 2005
Location: Your place or my place
Posts: 3,610
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Quote:
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Originally Posted by Miffed22001
Quote:
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Originally Posted by euphoricism
I played 5/10 6max LHE for quite a while, and I certainly never APPROACHED 50k in rakeback. That is a pretty rediculous claim.
Also, 5/10 is raked harder than 10/20, ergo you get more rakeback at 5/10 than 10/20.
If memory serves, I generally cleared 40k hands a month and about 2k in rakeback at 5/10. To reach 50k in rakeback youd have to play an obscene amount of hands, and while I wont say its impossible, I highly, highly doubt it.
Jeff, by the way, never used rakeback.
RB at NL is no where NEAR as much of a concern that it was at LHE. Remember, at LHE we were very happy to run 1.5bb/100 over a large sample. The gains at NL are exponentially larger, and the rake is significantly smaller. This makes it not much of an issue.
It can't hurt, though. And it IS free money. |
I must be way off with 50k then.
Ill see if i can dig out the post on 2+2. |
Well, It depends over what time period he did it. 50k in a month? No way. In a year? Sure.
When I was propping crypto (yes, they use props) I was making almost 3k a week in rakeback. Of course, the game was SO fucking tough, I lost more than 3k a week playing. In fact, even WITH that kind of rakeback, I lost 8 grand on the deal.
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bigspenda73
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Straight Flush
Join Date: Jul 2006
Location: Pwnsylvania
Posts: 7,546
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Eupho, the man who made 50K in rakeback was said to have been "propping" therefore I believe he was receiving 100% rakeback b/c he was sitting on slow tables at smaller sites so that there could be action. That is the only way i can see anyone making 50k a yr in rakeback.
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euphoricism
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4-of-a-Kind
Join Date: Mar 2005
Location: Your place or my place
Posts: 3,610
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50k/year in rakeback is not a huge thing. If you 8-9tables 5/10 LHE you could probably do it on party. I only 4 tabled and did 2k, so 8tabling 4k/month isnt out of reach.
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alias2211
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Flush
Join Date: Mar 2005
Location: U, S and A!!!
Posts: 469
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i'm trending towards $12k in rake this year, depends how much i play over the next 6 weeks. free money. that will be around15% of my poker monies for the year. NLHE rakeback can be significant, too. but there is a point of diminishing relative returns as you start playing higher levels, especially when a buyin starts to be more that you make in RB in a month.
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