Quote:
Originally Posted by Keezy
The guy who runs the game doesnt play and the game is held in his bar currently closed due to covid. I dont really have a problem with the rake as the avg player i would consider bad like maybe 3 out of the regs have done any studying what so ever. And only the open is double the antes the rest is straight plo.
6-handed PLO seeing maybe 20 hands an hour, so he's raking $100/hour off the table - seems like a great game for the guy running it!
Making the open double the antes de-stabilizes the game entirely - if it was regular PLO at $2-$5 the open would be $15 and a 3-bet would be $60 (or at $5-$5 the open would be $20 and a 3-bet would be $70). With the version you are playing the open is $60 and a 3-bet is $150. Post-flop SPR will always be 1:1 to or worse so we can't ever fold after any 3-bet it would seem (outside of the most outrageously bad flops).
You said people buy in for an average of $300-$500 - this means every pre-flop 3-bet people will be committing 30%-50% of their stack. Since it's 6-handed you're pre-flop 3-bet range needs to be wider (and as there is an ante instead of blinds we are bleeding $30 a round instead of $7 or $10).
Basically this game is designed for pure gambling and to fill the pockets of the guy running the game in his bar. Nothing wrong with that as long as you are aware those are the situational dynamics.
It doesn't sound like a good game outside of the fact that a few players are terrible. That doesn't have as much value when the betting structure is so odd that everyone will just recklessly gamble and there is no fold equity. Add to that the rake and it's really unattractive - lets say the 6 of you start playing at 6pm and pay until 2am (8 hour session). Everyone buys in between $300-$500 so we will say average is $400; 6 x $400 = $2400. At the end of the night there is $1600 on the table; 1/3rd of the money at play going off the table.
I'm sure with the re-buys and what-not it's a smaller portion Maybe he's only taking $800 from $5000 if everyone rebuys, but that's still a significant percentage of the money in play.
Hopefully you've got such a significant player edge it's worth it - I would probably play super-tight and look to squeeze in position if I did play, but in this type of game you just need to run good more than anything. No fold equity, low SPR, going to be a whole lot of shipping going on.