Don't be fooled!! The Rake is ......

veresov · #1 05-11-2005, 11:18 AM

I play 5-10 hold'em and recently looked at what I am paying in rakes per month and let me tell you, it is sickening what the house is charging to play poker!!!

I play about 6 hours a day, 5 days a week and last month spent over $2400.00 dollars to PartyPoker!!!!! Even with those stupid rake rebates of 27% off, I would have paid more than $1700. per month to play at a 5-10 table.

I am a good player, but now I see where most of my profits are going. They are absolute crooks!!!!

My mortgage isn't $2400.00 dollars.

Just curious if any of you have done the math and found out what you paid in rake fees last month??

iluzion · #2 05-11-2005, 11:20 AM

Look at how much money you made total playing $5/10 last month. Would you have made that money if the site didn't charge an assload of rake to let you play there? No.

Homer · #3 05-11-2005, 04:43 PM

[ QUOTE ]
Look at how much money you made total playing $5/10 last month. Would you have made that money if the site didn't charge an assload of rake to let you play there? No.

[/ QUOTE ]

This is a silly argument.

veresov · #4 05-11-2005, 04:53 PM

So tupid these arguments for paying a huge rake!! Thanks Homer!!

iluzion · #5 05-11-2005, 05:02 PM

[ QUOTE ]
[ QUOTE ]
Look at how much money you made total playing $5/10 last month. Would you have made that money if the site didn't charge an assload of rake to let you play there? No.

[/ QUOTE ]

This is a silly argument.

[/ QUOTE ]

What I meant was, "If the site didn't charge you money, they wouldn't be in business, if they wern't in business, you would make zero money."

eastbay · #6 05-12-2005, 10:32 PM

[ QUOTE ]

What I meant was, "If the site didn't charge you money, they wouldn't be in business, if they wern't in business, you would make zero money."

[/ QUOTE ]

That's absurd. They could charge 1/10th and still be getting fabulously wealthy.

eastbay

imitation · #7 05-11-2005, 11:23 AM

Hahah I made almost that much in rakeback in a month dude....

veresov · #8 05-11-2005, 11:28 AM

If you made that much back in rakeback, what must you have paid in rakes???? Think about it! The highest rakeback programs pay 35%.

And as far as them providing a site for me to play, they are charging entirely more then they need to manage a poker table!!!

How can you think it is okay to pay $2400.00 to play poker??? Are you for real??? You think they need to charge that much to stay in business? They could reduce those fees and still make a fortune. They have 70,000 active players.

Hellmouth · #9 05-11-2005, 11:32 AM

[ QUOTE ]
If you made that much back in rakeback, what must you have paid in rakes???? Think about it! The highest rakeback programs pay 35%.

And as far as them providing a site for me to play, they are charging entirely more then they need to manage a poker table!!!

How can you think it is okay to pay $2400.00 to play poker??? Are you for real??? You think they need to charge that much to stay in business? They could reduce those fees and still make a fortune. They have 70,000 active players.

[/ QUOTE ]

I think that that was his point. He knows how much he paid in rake and it is worth it. He also knows how much $$$ he has made.

Do you think that there is any business out there that knowingly undercuts their potential profit to be nice?

If you don't like Capitilism, move to China. You won't even be told how much you pay in sales tax there.

Greg

Beach-Whale · #10 05-11-2005, 03:32 PM

[ QUOTE ]
If you don't like Capitilism, move to China. You won't even be told how much you pay in sales tax there.

[/ QUOTE ]

Raw capitalism is in no way better than a totalitarian state. The death of capitalism has been predicted. A free market, kept on a very short leach by community (government) regulations, has proven to be a winning recepy though.