The Rake

[KJ o]

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I do expect competition to reduce our effective rake, though. The margins must be awfully high at the current rake level in a space with low barriers to entry and low marginal costs.

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I am probably in a minority here, but I don't see the low barriers to entry. Writing a truly good poker client/server system handling 10K+ simultaneous players is not a walk in the park. And marketing costs are huge.

I do see the high margins and the low marginal costs, though.

[Rudbaeck]

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Writing a truly good poker client

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This bit hasn't even been done yet!