mark76
02-12-2005, 04:12 PM
Hi,
I live in Sydney (Australia) and was excited to learn that the Sydney Casino Star City is finally offering live poker.
It looks like there is about 8 tables and they offer all the popular variations of poker. Holdem, 7stud etc.
Limit games range from 5-10 to 40-80 and there is also pot and half pot available.
Unfortunatley they are using an unusual rake structure.
They make the player pay a fee for every hand they play.
Its 75c on the 5-10 $1 on the 10-20 and 20-40 and $1.25 on the 40-80. I think the pot and half pot are either $1 or $1.25 per hand.
A full table of nine players runs at 30 hands per minute so In a 5-10 game each player will roughly pay 30*.75 $22.50 per hour. Professional players usually claim their win rates to be 1-2 big bets per hour ($10-$20 in this game) which means their no point in playing. Its just been reduced to a dumb casino game.
At the other extreme the $40-$80 might be worthwhile 30*1.25 = 37.50 per hour against a possible win rate of $80-$160.
The other factors are that with only a couple of players at the table the number of hands might double to 60 per hour and this would cut profits down even more.
Star Cities rate structure punishes good players. In a game where the winners pot is cut its the poorer players who are in every hand who end up paying most of the rake.
I'm not sure how to caculate the effect of the rake on the pot and half pot games. The blinds are $5 $5.
So ...
Can anybody help me to calculate the pot and half pot ?
Also..
Its my logic correct for this rake structure. Any comments or advice ?
Thanks,
Mark
I live in Sydney (Australia) and was excited to learn that the Sydney Casino Star City is finally offering live poker.
It looks like there is about 8 tables and they offer all the popular variations of poker. Holdem, 7stud etc.
Limit games range from 5-10 to 40-80 and there is also pot and half pot available.
Unfortunatley they are using an unusual rake structure.
They make the player pay a fee for every hand they play.
Its 75c on the 5-10 $1 on the 10-20 and 20-40 and $1.25 on the 40-80. I think the pot and half pot are either $1 or $1.25 per hand.
A full table of nine players runs at 30 hands per minute so In a 5-10 game each player will roughly pay 30*.75 $22.50 per hour. Professional players usually claim their win rates to be 1-2 big bets per hour ($10-$20 in this game) which means their no point in playing. Its just been reduced to a dumb casino game.
At the other extreme the $40-$80 might be worthwhile 30*1.25 = 37.50 per hour against a possible win rate of $80-$160.
The other factors are that with only a couple of players at the table the number of hands might double to 60 per hour and this would cut profits down even more.
Star Cities rate structure punishes good players. In a game where the winners pot is cut its the poorer players who are in every hand who end up paying most of the rake.
I'm not sure how to caculate the effect of the rake on the pot and half pot games. The blinds are $5 $5.
So ...
Can anybody help me to calculate the pot and half pot ?
Also..
Its my logic correct for this rake structure. Any comments or advice ?
Thanks,
Mark