Quote:
Originally Posted by chillrob
The temporary low rake may temporarily revive the game, but if they eventually go back to full rake + promo, that will be taking a lot more money off the table than previously and very likely it will start dying again.
I think I disagree.
My thinking is as follows. Assume 7 handed on average, 30 hands an hour. Previously the 20 was hugely robust while time was $14/hour per player ($98/hour to house). If they were to rage $4+1 for jackpot, it would take $150/hour off table. But $30 is going back to the players (and predominately to the biggest gamblers), so it’s really $120/hour in rake, or $22 more than time was, or $3/hour per player. The winning player who makes $40/hour isn’t going to notice, nor the break even player who was already losing $14 hour to time, nor the action player already losing $60 an hour.
In fact it’s less noticeable than time charges to most players so it’s less objectionable. What most players care about more than a few bucks more an hour in rake, is whether they can count on games running when they want to play, and that they can get in them without long waits. If you like playing 20 and you can be confident a game is always running you’ll play more often. If you love to gamble you’ll love jackpots.
To that end, not to come off like Daniel Negreanu but I think they should do something like $4+$2, so jackpots are paying off constantly. And then I’d hire some props to start and keep games going short handed. Pay $20/hour, maybe costing $25/hour with benefits, but since they pay rake it only costs the house $8/hour to have a prop in a game. And I’ll bet the game runs far more often on more tables this way, generating more net rake in total.