Online cardrooms rake too much for their own good

[Derek in NYC]

Or think about rake differently. Party Poker is rumored to have grossed $500M last year. Let's suppose that in the course of a year, Party Poker has 600,000 active players.

This seems like a reasonable estimate since at any given time, let's say the average number of players on party poker is 25,000. If the average player plays 1 time per day, and the average poker session is 1 hour long, in order to maintain a constant 25,000 players online, you'd need a pool of 600,000 active players, each cycling through for 1 hour per day.

If you assume there are 600,000 players total paying $500M in rake annually, each player on average will pay about $833 per year in rake.

How many of you would happily pay $833 without having it having a material impact on your performance? I probably gross 10-15k annually from poker, so 833 is a real hit on my results.

Now add to this the fact that I am a winning player, but the losers must not only pay the rake, but also pay out in losses to winning players who multitable.

Online poker has the real potential for overfishing.