Assuming it is legal...I think the standard B&M rake is like 10% up to $4/hand for the limits we are talking about... by those terms the proposed rake here is pretty low if pots will be frequently more than $10 (which they should!). Will he rake if the blinds are chopped? (Answer should be no). All that being said, I still do not think it is a good idea. What is your (you and your fellow players) incentive to play at a raked game? Why not just get together yourselves at these limits and play rake free?