Quote:
Originally Posted by BillyBoy5885
Let’s assume the average pot is $40 and we get 30 hands per hour...
I’m obviously picking Twin River because the rake is a flat $5 max per hand.
Twin River - $5 max + $0
$4 ave rake/hand
30 hands/hr
10 players at the table
($4 rake x 30 hands)/10= $12/hr per person
Encore - $6 max + $2
$7 ave rake/hand
30 hands/hr
9 players at the table
($7 rake x 30 hands)/9= $23.33/hr per person
I’m not saying that Encore is or isn’t worth an extra $11.33 an hour. I’m just stating that “the cost to play” is significantly higher than other places. Obviously the room is nicer, the drinks are free and the games are generally better. But, is it worth paying an extra $80 over the course of a 7 hour session? That’s for you to decide.
The issue I've always taken with this math is always the number of hands. Relatively few dealers can even pitch 30 hands an hour, especially on your average "I think I'm on tv so I'll tank my Queen high call" table. At 1-3, though not too common, there are more than a few raise and fold pots with no rake and lots of limped pots that barely get close to $20. I think 25 raked hands is generous, 20 hands more likely with about 80% being max raked.
(16 x $5) + (4 x $2) = $88 ÷ 10 = $8.80
(16 x $7) + (4 x $2) = $120 ÷ 9 = $13.33
At that point you're talking an extra $4.50/hour (and you can argue the $1/hour comp offsets that to $3.50). But the other problem is you're comparing a room with promos to one without. I don't personally care for promos and I don't play specifically for them, if they're running and I pick one up, cool. But I'd rather have no promo at all. However, there is SOME added value to playing during promos in that you will win one here and there, not to mention it can make the tables softer and the pots larger. Regardless, if trying to actually do an apples to apples comparison, you shouldn't include promo rake in this argument. With that in mind:
(16 x $6) + (4 x $2) = $104 ÷ 9 = $11.55
Now we're down to $2.75, $1.75 if you're accounting for comp dollar (hate to keep including that as I have yet to use any of my comp dollars, just prefer to keep them for some day when they have a decent show or I go out with friends rather than just eating alone during a poker session, but they do have value when comparing one room to the other.) So that same 7 hour session you mentioned is probably closer to only costing $12 to $20. Add in gas/wear to drive to the competition, depending on where you live/work, and that difference becomes pretty negligible.
Then add in the not-as-relevant to rake items like Twin being a pretty awful venue or Encore being the busiest. Or the time one loses driving that extra distance to any of the competitors (assuming they aren't centrally located between Encore and something else), then I think even with the added $1 it isn't enough to persuade someone to give up Encore, even if they understand the rake discussion. Also, though Everett isn't ideal, it is a hell of a lot closer to things one might want to do/places you want to eat then Twin is.
As for "fungus infesting the NH rooms," I can't say what each NH room does, but the new rake at Encore isn't far off what Chasers has done for a while either. They're at $5+2 even when no promo runs. And the $2 comes out at $20 instead of $1 at $10 and $1 at $30. It makes it pretty tough to compare each location, but I think the bottom line from my perspective is the same. If players want to reduce the impact of rake and promos, they need to push the stakes to increase or at least move up themselves. 1/3 is an excellent example as it could easily be a $150 minimum and $400 or $500 max.