Quote:
Originally Posted by Kelvis
That's a pretty arbitrary statement that comes close to "your opinion". Any reason why someone would not express rake as a percentage of the money that goes into the prize pool?
Rake does not go into the prize pool, it comes out of it. Whereas sales taxes does not come out of the cost of an item, it is added to the cost. So rake is expressed as the % taken out of the total cost to buyin, and sales tax is expressed as the percentage added on to the price of the good being sold.
Think of a cash game with 10% rake. If the pot is $40, they take a $4 rake. That is 10% of $40. The ending pot is now $36. You would not say "well the real rake is 4/36 or 11.11%. Just like a tournament. The total buyin is 300+65=365. The rake portion is 65. So the rake is 65/365 not 65/300. 65/365 is calculated the same as 4/40 = 10% above.
also, look at 100% rake. if buyin was 365 and rake was 365, under your method the rake would be 365/0 = infinity as 0 is going to the pool. Under the correct method it would be 365/365 = 100% .
Last edited by RedOak; 03-12-2017 at 03:05 PM.