Quote:
Originally Posted by TeamKB
hello,
would appreciate your thoughts here. my local casino (mohegan sun in ct) spreads a 1/1 game with rake of 10% up to $3 + $1 BBJ. the buy-in for the game is $30-$100.
i wouldn't mind learning the game, while gaining experience playing live, at a smaller game than the typical 1/2 game (the games here are raked 10% up to $4 + $1 BBJ and a buy-in fromm $60-$300)
however, i worry about the effect of that high of a rake, and especially the effect of paying 2.0bb/round instead of just 1.5bb/round at the 1/1 game.
do you think this structure is too prohibitive for profit?
thanks,
kevin
ps. i can afford to play 1/2, so if the structure of the 1/1 game is too poor, playing 1/2 isn't a problem. just wanted thoughts on whether it should be an option.
Assume you play a hand 20% of the time.
Assume all pots are capped (as far as rake is concerned)
Assume you win the pot 50% of the time that are in the hand.
Assume 30 hands per hour.
Assume the average pot size is 50bb (pre rake), of which you contribute 20bb (you can never contribute more than half as someone always has to call your bets, and sometimes you put money into the pot, and fold a later street).
Assume the game is 10 handed.
Assume you tip $1/pot won.
You can change any of these that you think are wrong, but it should give you a good baseline comparison.
At 1/1:
You play 6 hands per hour, you invest 120bb total.
These pots are worth 300bb - rake ($4 * 6) = 276bb. You win 50% of them.
So, you win 138bb - 120bb invested = 18bb profit. Then you subtract out the 3.2 * 2bb / hour you pay in blinds, and subtract out the $1 per pot. 18bb - 6.4 - 6 = 5.6
You are making
5.6bb / hour. Or $5.6 / hour.
(That worked out well.. that's not far from likely for a player in a 1/1 game.)
Lets look at the 1/2 game with similar assumptions:
Assume you play a hand 20% of the time.
Assume all pots are capped (as far as rake is concerned)
Assume you win the pot 50% of the time that are in the hand.
Assume 30 hands per hour.
Assume the average pot size is
40bb (pre rake), of which you contribute
16bb. (We assume a bit less as people fold a bit more and are not quite as likely to pay off your bets.)
Assume the game is 10 handed.
Assume you tip $1.5 / pot won.
At 1/1:
You play 6 hands per hour, you invest 96bb total.
These pots are worth 240bb - rake ($5 * 6 / 2$) = 225bb. You win 50% of them.
So, you win 112.5bb - 96bb invested = 16.5bb profit, or $33/hour. Then you subtract out the 3.2 * $3 / hour you pay in blinds, and the $1.5 / pot for tip.
$33 - (3.2 * $3) - ( 6 * $1.5) =
$14.4 / hour or 7.2bb/hour.
(Also about reasonable for a decent player at 1/2)
The effect of rake and bb's is almost always lessened as the blind structure goes up. Because the rake is capped in terms of raw $'s, and not in terms of BB's taken out, if you think that the games play similar, then you should try and play the 1/2 instead of the 1/1.
Last edited by iraisetoomuch; 03-20-2014 at 12:27 PM.