Quote:
Originally Posted by synth_floyd
They gave 10% bonuses to people? Yikes, rake must have been astronomical. Do people really not notice when everyone's stack at the table is slowly dwindling? I can't even play low limit games at a casino anymore. When everyone buys in for $100 and $6 is raked per hand, the only one make money is the house.
The rake is astronomical, but what you're describing doesn't really exist in the NYC poker universe. No one is running an illegal game with all the risks that it entails for $6/hand, and no one is buying in for $100. Generally NYC underground games are uncapped or capped very high. People buy in deep. Because there's usually just one or two tables, and people come expecting to make a night out of it, stacks get very deep. Rake is high as well, 1/3 will usually rake 10% with a cap between $10-20. 5/5 and bigger may have a $50 cap. While many games may not be beatable due to rake, these are not games where people sit down and have stacks dwindle to zero. Swings are huge, and people do leave as big winners/losers.
As an example I was playing 1/3 on Saturday in Brooklyn. By midnight there were 6 players at the table, short stack was $800 and the average stack was about $2k.