I see two common misconceptions here that exaggerate the influence of rake. It's good to be aware of the problem and seek solutions to it (fwiw I prefer pushing 2p2ers who're creating new poker sites like
Bitpoker and
PocketRockets to experiment with lower PLO rake, I've posted links to the PLO petitions in their threads
), but it's bad to tilt because of it and manipulate facts to make others tilt.
Myth 1: rake affects in-game decisions dramatically.
Quote:
Originally Posted by Loctus
If you get it in as a constant 52/48 favorite at plo10 you actually lose money. If villain has a $5 stack (so total pot is $10), your EV in the hand is $5.20, but the rake is $0.50
Even if you get no rakeback of any kind, rake is subtracted from your winnings not always, but only if you win the pot, i.e. your expected additional loss from rake is $0.50*52%=$0.26, not $0.50. The correct way to do equity calculations is to subtract the rake from the pot at the very beginning, i.e. in your example $5 is invested to win a $9.5 pot.
Moreover, if e.g. you have 26% RB (Gold Star), $0.50*26%=$0.13 is eventually returned to you
regardless of whether you win the pot. Hence you even show a profit: $9.5*52%+$0.13-$5=+$0.07.
It's unfair that the rake cap is $2 always when 5+ players are dealt into the hand -
it should depend on the number of players who saw the flop imho (alternatively, who put money into the pot), as that's when rake starts being taken - but mind that all-in decisions are based on money that is already in the pot, so when e.g. SPR~13 (typical of single-raised pots) one needs like ~48% to stack off. Getting it in as a favourite is almost always correct despite rake (I don't mean stupid arranged -EV flips between HS players).
Myth 2: rake at ante tables is way worse than at normal ones.
Quote:
Originally Posted by pastoral
Playing LAG style 43/31/15 at 25plo deep ante tables paid the following amount of rake:
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34bb/100 is pretty grim. Also, pretty hard to beat despite a good amount of saturday mouth breathers
Of course drawing winrate conclusions from a 4565-hand sample is laughable, but it's not the main flaw. You should realise that, for stat purposes,
ante PLO25 250 bb deep is equivalent to normal PLO42 150 bb deep, as 2.5 bb are posted in a round on average instead of 1.5 bb (because there are 5 players dealt in on average). The difference is that ante tables play looser and (at P*, unlike FTP) 1.5x deeper, so a bit higher rake and winrates in 'bb'/100 ('bb'~$0.42) are expected. Effectively rake is nowhere close to 34 'bb'/100 - in essence it's 34*3/5~20.5 'bb'/100 - an industry standard in wild micro games with a loose style.
Last edited by coon74; 02-10-2013 at 06:31 PM.