@Rahm93
First things, the rake I pay is 14.34bb/100 over ~80k hands. I believe this is roughly a 60% increase in rake paid vs a site like ignition, and roughly a 30% increase in rake paid vs a site like GGpoker. Even with access to rakeback, I believe that the rake is significantly higher on apps. However, I think @fossilkid93 may be selecting too many short handed or heads up tables, and as a result is paying a gross amount of rake.
As a group I believe we don't have good results heads up, this is likely due to the large amount of rake paid. So only heads up to start games, and try to not play for too long.
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Why would a profitable stable choose to only put players in games that are raked between 14-25bb/100
Therefore, this statement is exaggeratory. I never said I was paying anywhere near 25bb/100.
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Obviously there is a threshold to how many players you can add to a pool raked at avg 20bb/100 before players start losing your capital so there needs to be a cap on the amount of players, so whether you accept students or not at one point in time is irrelevant as it only means there is a saturated amount of students at this point.
Good point imo, although the pool of staked players don't pay quite this amount of rake afaik.
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Sure sounds like a selective stable.
For the same reason you just mentioned, by definition this stable is allowed to be selective. Because at some point there will be a saturated amount of students, the stable is incentivized to fill up with players that will win the maximum. I have received a surprising number of DMs from this thread, requesting to be put through the selection process. I believe there is no shortage of poker players looking for a stake.
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a) OP is raking 14bb/100 at $1/2 which seems pretty close to what I've seen in most cases.
Yes I agree, which is why the rake numbers increasing in your posts up to 25bb/100 is a little off. I don't have any speculations on how much rake goes back to the stable.
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I can't blame them from a profitability view, guaranteed stable making you 8.4bb/100 profits is quite impressive given that you only have to make sure they are breaking even.
The napkin math is ok, but I don't think it's reasonable to generalize from all of those assumptions and say they are making 8.4bb/100 if I break even. Maybe they are, maybe they aren't idk.
For me, as long as there is incentive to coach me well and I am improving, I am happy. I don't intend on staying with this stable forever, eventually I will go out on my own. With that being said, as I mentioned earlier, I have been improving at a rate that far outpaces what I would have improved with had I not joined the stable.
My goal is to improve and learn so that when I go out on my own I can grind up to high stakes and crush the games. And make some money while I do that
Their incentive as a business is to operate profitably.
These are not conflicting, given my goals and their business model.
There may be tons of similarities with how you described it, and there may be few similarities, I really don't know. But even on the more extreme ends, I still believe myself to be benefiting from this deal.
I am looking long term. Yes I could leave and pay less rake, and take 100% of my profits. But if I want to be playing 10/20 or higher in a couple years, why not try to get there as soon as possible?