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Tournaments tax the bad players (x-post)
I posted this in reponse to something about the zero-rake site. But I thought some people here might be interested. I am pretty sure my thoughts are correct - but if anyone can see any holes in my thinking, please point them out.
__________________ As a tournament player I am surprised that you don't recognise the practicality of a zero-rake policy. All tournaments are effectively run on a zero-rake policy. Rather than taking a percentage of the prize pool they take an equal amount from all participants, whether they win or lose. The alternative would be to simply take 10% of the prize pool and nothing at buyin. This would penalise the winners more than the losers. In fact I am amazed that none of the poker rooms run their tournaments like this. For example: __________________ 2 players play 10 heads up $10+1 SnGs at Poker Stars Player A wins 9 for a profit of $70 ( 9 * 20 - 11 * 10 ) Player B wins 1 for a profit of -$90 ( 1 * 20 - 11 * 10 ) Total rake = $20 __________________ __________________ If instead Poker Stars said they would take 10% of the winnings and charged no rake. Again 2 players play 10 heads up SnGs: Player A wins 9 for a profit of $62 ( 9 * 20 * 0.9 - 10 * 10 ) Player B wins 1 for a profit of -$82 ( 1 * 20 * 0.9 - 10 * 10 ) Total rake = $20 _________________ It is not quite the same; tournament fees penalise those who win less, whereas the zero-rake site penalises those who play less. But it is a very similar concept. It is just considered more palatable in tournaments, because that is the way it has always been done. If zero-rake were to be run on ring games as $x flat fee per 100 hands (i.e. somewhat equivalent to a seat charge) then it would be exactly the same as playing in a tournament. So basically you can set the rake tariff however you like depending on who you want to tax the most. If you want to tax the bad players: For ring games you set a flat rake per hand. For tournaments you have a buyin, just the way it is now. If you want to tax the good players: For ring games you have a rake from the pot, just as you do now. For tournament you have a rake taken as a % of the prize pool. If you want to tax the players who play a lot: Don't have a flat fee. If you want to tax the players who don't play very much: Have a flat fee. Just some thoughts Tim |
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