Quote:
Originally Posted by ThaKingOnerz
I know that 50bb max buy in stinks and that 10% capped at 20 is insanely bad. But ... unless someone comes down here soon and starts up their own card room then it's really my only option.
Imagine you were stranded on a deserted island. With a big coral reef nearby. Unfortunately, the only food on the island was arsenic. And you thus reasoned, as it was food, and you had to eat food, that even though it smelled like garlic (arsenic oxidizes to arsenic trioxide) and was an insanely bad idea, you would eat the arsenic.
Do you see how this is not a product of rational thought?
Okay.
My 1-2 games have a rake of 5%, capped at $5, with a table max of $400. The dealers have told me they take in $120/hr in rake. On average, then, they collect $12 per person per table hour. That means playing at that table costs the average player $12/hr.
Your 1-2 games have a rake of 10%, capped at $20. Twice the rake, 4x the cap, and 1/4 the buy in. Now, I don't know what the exact amount your table is collecting each hour. However, I think it would be safe to assume it is somewhere between 2x and 4x the $120/hr my casino is taking in. So, lets say it's 3x.
$360/hr
Each player at a full table, on average, is paying $36/hr in rake. That's the amount you have to make in your game just to break even. Or to put it another way, the casino is taking nearly four max buy-ins per hour off the table.
***
I short stack my games. Have done so for years and thousands of hours. I pay $12/hr in rake, and I make about $24/hr. We can say I make $36/hr with 1/3 of that going to rake.
If my casino raked as yours did, I would make no money.
However, you do not have access to my games. Your games have 1/4 the max buy in of mine, twice the rake and 4x the cap. You will NEVER make $36/hr at your games to cover the rake. The Titanic is sinking and all you are doing is bailing water with a 16 ounce Slurpee cup from 7-11.
Got some high end GTO play? Okay, now you are bailing water with a Venti Latte cup from Starbucks? 20 ounces.
It doesn't matter. This ship is going down.
***
The rake is not just a nuisance that some solid play can overcome. After the casino takes its cut there is no money left to win. And what does change hands is an illusion, like on a roulette table. Over time, there are no winners.
The house edge is immutable.
You will not beat this game.
You will never beat this game.
You will not build your bankroll off this game.
The best poker player in the world couldn't beat this game.
Some games are simply unplayable.
And friends don't let friends eat arsenic.
All the best,
Flux