Star City Poker - rake issues - Sydney, Australia

[BlueBear]

Star City poker in Australia just started 4 new poker tables and it is currently under a trial stage. In a 5/10 holdem game, they charged a fixed commission of 50 cents per player before the hand starts (the resulting pot is not raked). So everybody pays 50 cents, it's like a fixed rake of $5 per hand regardless what the pot size is. (after the commision charge is paid, the game proceeds like a normal limit holdem game with blinds). On the second day of their trials, they increase their fixed commission to 75 cents per player.

The rake/commission structure is terrible but I will like to ask the posters here, what do you think?

[Al_Capone_Junior]

not only is that unplayably high, but it will slow down the game and make it proportionately even higher time wise. I wouldn't play it.

al

[Cubswin]

It sucks.... play online. Less overhead costs and more profitable for the winning player /images/graemlins/smile.gif

[BlueBear]

I love online play and play there 99.9% of the time but I occasionally love a decent B&M game, and need to make a strong stand against this excessive commission as my local casino is the only one and monopolizes the whole sydney area and players do not realize they are getting a poor deal.

[xxxxx]

Is that in Australian dollars or real money?

[timmer]

IS the beer & booze comped ?

[BlueBear]

I wish.

[italianstang]

Even if it is in Australian money (pretend money) it is still a lot proportionally

[xxxxx]

I pay four bucks a hand ($1 to the jackpot) to play $2-$4 in good old American wampom. Since A$5-10 works out to like .04-.08, $5 Australian really isn't that out of line. Of course you can't make any money at it unless you have a couple of maniacs that raise with any two cards.

[Kipu]

This seems like a VERY fish-friendly system. Since a tight player's money would only be raked on the hands he/she plays rather than every hand! A fish, who is seeing every flop, is raked every hand so they benefit from this 'averaged out' rake since they were on the high side of the average in the normal rake system. The good players are the ones making up the difference!

[TomCollins]

I am in Sydney for 2 weeks (well, Nowra during the week). Where is this place?

[BlueBear]

In Pyrmont, near Darling Harbour and near the city. If you would like to get there by taxi, any taxi driver will know the location. (also accessible by a light rail transit system)

[PokerMike]

Is that you Tim? This is Mike(we sat at the table together for a while with Nathan). Didn't know you post here /images/graemlins/wink.gif

When me and Nathan first sat down and were told the commision went from 50c to 75c overnight we(and a few others at the table) made a fuss. The floorperson 'seemed' to be taking our criticisms in, but she was probably just being tolerant.

OK here's the question:
On pokernetwork.com you mentioned having to make 5-7.5bb/100 in order to beat the rake. I'd be really interested to know the exact amount of rake payed in a normal BNM structure situation. Because the BB/100 you make(pure winnings) doesn't take into account the rake you pay.

So in this case you don't calculate total rake payed per 100, which is 7.5BB, and then say you have to beat the game for 7.5BB+/100 to beat the game. 7.5BB/100 is obviously unsustainable(and so is 5BB/100 - which was the original rake/100 before they changed it).

So what i want to know is how much rake does a TAG(har har) pay on a loose-passive table? Then its simple to compare [normal BNM winrate + rake payed per 100] vs [winrate + 7.5 per 100] and see how they size up(or if more info is needed assume a winrate of 3BB/100 and SD of 15BB).

Can anyone help me out?

[BlueBear]

Hello Mike, no this is not Tim, I am a different person.

You are exactly right in bringing up the point that the standard BB/100 calculations normally does not take in the rake in consideration. Hehe, I was just trying to make a point very clear.

Unfortunately, everything I said in Pokernetwork are fairly rough estimates, so far. I will attempt a serious answer at your final question by designing a Excel spreadsheet in order to simulate the effects of rake in various game conditions with the use of PokerTracker in order collect statistical data.

[Granite]

I'm headed to Sydney in Jan, was wondering if they have rethought their structure? Is 5/10 still the only tables?

Hmmm I was looking for an excuse to head to melbourne to play some cards instead.

Granite

[slickpoppa]

unless you are from australia, i would not recommend wasting your time playing poker while in sydney. go to the beach!