[viennagreen]

with that logic, you must consider the "worth" of each prize pool paid out at each step.

step 1-- $ collected= $110, prizes awarded= (2) entries to step 2 = $110........... Party gains $0

step 2-- $ collected= $550, prizes awarded= (2) entries to step 3, (1) step 2 entry, and (1) step 1 entry + $3 cash = $499...... Party gains $51

step 3-- $ collected= $2150, prizes awarded= (3) entries to step 4, (1) step 3, (3) step 2, (1) step 1 + $3 cash = $2049... Party gains $101

step 4-- $ collected= $5350, prizes awarded= (4) step 5, (1) step 4, (3) step 2, (2) step 1 + $8 cash..= $4998... Party gains $352

step 4-- $ collected= $10650, prizes awarded= $4500, $2500, $1800, $1200 = $10000... Party gains $650

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I don't see any other way to calculate Party's Rake on the STEPs tourneys than to calculate what they make on each individual level. And on each level, Party's rake appears to be less than 10% (except for Step 2, where the rake is 10.2%). At least by my quick and dirty math... So STEPs appears to be a very good deal for the player.

Someone correct me please! I have heard that these STEPs had a horrible rake, but never thought about it until now.