Percentage of Winning Online Players-According to Jackpot Jay

[Stacheman]

Anyone care to try to put a number on this? For every $1.00 deposited on Party, $.x goes to winning players and $.y goes to the rake. No one can be sure, of course, but what are x and y?

[nmt09]

I have to say I'm shocked and surprised that only around 8% of all people who play online make any profit from their play over the course of 12 months.

[Paxosmotic]

It's unfortunate that rake is so high that only 8% are winning. I wish they'd lower it, but what can ya do.

[TimM]

[ QUOTE ]
Anyone care to try to put a number on this? For every $1.00 deposited on Party, $.x goes to winning players and $.y goes to the rake. No one can be sure, of course, but what are x and y?

[/ QUOTE ]

On a site that is not Party, y = 50 cents is what I heard, and believe the source reliable.

[Moonsugar]

Rakes are going to come down, I bet.

[benfranklin]

[ QUOTE ]
Anyone care to try to put a number on this? For every $1.00 deposited on Party, $.x goes to winning players and $.y goes to the rake. No one can be sure, of course, but what are x and y?

[/ QUOTE ]

This doesn't mean anything without further parameters, like what time frame are you talking about, how many more hands the winnning players play, etc.

For example, say a group of $1 slot machines pays back an average of 90% of the money put into them. If 100 people each put $1 into the machines, on average, $90 will be paid out to some of those people. If everyone who won immediately plays that money again, the machines will pay back $81. Repeat, and the machines now have about $27 and the people have $73. Some people win nothing and a rare few hit a big jackpot in the short run, but in the long run, this is what happens. It's like negative compound interest.

At a poker website, you are talking about a lot more people and a lot smaller percentage house rake, but without a constant infusion of new money, the house soon has it all.

[TimM]

Well, I took it to mean that over a long period of time, 50% of the money deposited winds up as rake. If this is a stable average, you don't need to say much more.

[JacksonTens]

Do you think it would be a similar number with live poker? What with the rake being up to 10% in some cases. I play $4-8 which is raked 10% up to a max of $8 and $10-20 which is raked %5 up to a max of $10. Is this too much. (There is no tipping where I play.)

JT [img]/images/graemlins/spade.gif[/img]

[brettbrettr]

[ QUOTE ]
Rakes are going to come down, I bet.

[/ QUOTE ]

Have the rakes gone up recently? Why all of the sudden do people complain? Its still less than live, right?

[mosch]

I heard a similar number (50 or 60 cents, forget exactly) from a reliable source who had access to the numbers.