Re: How can fish NOT know about rake? Outrageous true example.
 

I've said before, and will continue to maintain, that (insert any adjective describing ingnorance here) will tend to remain so despite overwhelming evidence proving that they are.

It's true in almost all avenues of life, with some exceptions - but the exceptions are just that: exceptions.

Re: How can fish NOT know about rake? Outrageous true example.
 

[ QUOTE ]
[ QUOTE ]
How can a fish not notice when he wipes someone out and ends up with less money than he started???

[/ QUOTE ]

Was that a freudian fish .... er I mean slip......

[img]/images/graemlins/smirk.gif[/img]

[/ QUOTE ]

Yeah, LOL, freudian fish.

But seriously, I was happy to bust that guy out, but then it was tempered by the fact I lost 2 bucks in the process. Made me think hard how these low limit players can continue at those tables. Sure, most don't play heads up, and most don't play at sites that take a cent out of every dime in the pot, but still, rake at low limits is EXTREME. So fish are being preyed upon by the sites no matter how you cut it. Which is not a good thing for anyone.

Re: How can fish NOT know about rake? Outrageous true example.
 

Back when I propped stud 8 for ACR I had this experience numerous times. I would sometimes bust players through several buy-ins and often still wind up somewhere around even. The only thing that made it worthwhile was that I was also being paid by the hand.

Re: How can fish NOT know about rake? Outrageous true example.
 

[ QUOTE ]
I thought most rooms do not rake 2 and 3 handed games at full tables. Or am i just on crack?

[/ QUOTE ]

You're on crack. Nothing's for free, unless there's no flop.

Re: How can fish NOT know about rake? Outrageous true example.
 

[ QUOTE ]

But seriously, I was happy to bust that guy out, but then it was tempered by the fact I lost 2 bucks in the process. Made me think hard how these low limit players can continue at those tables.

[/ QUOTE ]

So you finally found out how much money you pay in rake?

[img]/images/graemlins/tongue.gif[/img]

Re: How can fish NOT know about rake? Outrageous true example.
 

[ QUOTE ]
I thought most rooms do not rake 2 and 3 handed games at full tables. Or am i just on crack?

[/ QUOTE ]

Point proven, end of thread.

Lori

Re: How can fish NOT know about rake? Outrageous true example.
 

the problem is that alot of people cannot grasp the concept of long term equity. an example of this would be trying to tell someone that playing in tournaments is -ev because if you win you are forced to pay taxes on the money but if you lose you cannot deduct your buyins because you have no income to report anyway. i have heard so many times from so many people "but who cares if you pay taxes on a tournament win, winning something is better than winning nothing." an advanced concept of why tournaments are -ev is because if you win a large tournament you are put in a high tax bracket but if you deduct your buyins from your income youre deducting from a lower tax bracket making the proposition -ev if your ROI is less than the tax differential.

they just dont get it.