Quote:
Originally Posted by SGspecial
you realize the winning player's winrate is the post-rake profit, right? To net 3 BB/100 you'd have to win somewhere between 6 & 10 BB/100 before the rake.
Right. That is how the rake is traditionally allocated. But rake, in reality, is paid by the winner of the pot, who most often is not a winning player.
So if we play 100 hands at a 10-handed razz table (I know, I know, razz tables are not 10 handed) that has one winning player and nine losing ones, after the 100 hands the winner has an additional 3 BBs, and the house has taken, 50 BBs (at .5 BB a hand (just pulling a number out of my ... out of the air)), then the 9 losers have to pay the 53 BB deficit and lose 53/9 = 5.9 BB/100 apiece.
That's just what the losers have to lose to make the books balance. Winners, especially newbies, like to imagine that their *real* win rate is actually 53 BB/100 minus rake, but that's clearly not the case.
Tommy Angelo has addressed this and I believe he just estimates the number of pots a winner drags and uses that number to estimate the winner's portion of the rake, a method that is more realistic and still ends up being enormous.
Last edited by Phat Mack; 01-21-2015 at 05:18 PM.
Reason: btw, I understand all this speculation is, at heart, meretricious.