Re: 10% of poker players are winners???
Rake percentage being discussed here is wrong. People say if .50 is taken out in rake at a 5.00 pot it is a 10% rake. However, when you figure out your rake cost on a net basis, the pot less your contributions to the pot, your fee to play and win that pot is more than 10%.
For example, if everyone folded to the blinds and both blinds contributed 2.50 to the pot for a total of a 5.00 pot then the winner will receive back a net winning of 2.00 from that pot after a rake of .50 is taken. Therefore rake is equal to 25% of his net winnings in this case.
Playing low limits at places like Party who charge such high rakes is a tough road to hoe. Unless you only play there to hoe.
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