Quote:
Originally Posted by RobFarha
It certainly does.
All your gonna hear from these nit regs is "zomg 8k a year, this is poker not the lottery, I hate it".
What they don't realize is this helps them a ton because it brings clueless jackpot fish in the games (the only type of player dumb enough to pay these clowns off).
Boy, do I disagree. I really do hope you're right, but I sincerely doubt it.
(Guess this makes me a nit reg and a clown....
)
In gross terms, FW is currently raking roughly $3-3.5M/year for HE BBJ (you can estimate this from how much the JP goes up each day). FW is taking out 5% for "Admin.", and returning (eventually) the other 95% to the players, minus about 25-30% in taxes (depending on your state, income bracket, etc.).
So FW + IRS are netting out roughly $1M /year from the poker players here, and the whole thing is roughly 30% -EV for the player pool as a whole. By itself, this is certainly not a good thing.
I'm estimating that the 2/5 BBJ rake will be roughly 25% of the current 1/2 + LHE BBJ rake, or an additional $2-3,000/day on average, adding roughly 25% to the numbers above. Annual net loss to player pool increases by roughly $200-300,000.
FW, of course, will make the extra 5% Admin on the additional BBJ rake from 2/5. I'm guessing this will be about $40-60,000 additional income/year from the 2/5 players to the casino itself.
Adding the BBJ to 2/5 can only be good if it really does bring in
lots of weaker players to 2/5 (or if you hit it)... It will certainly do this to some extent, but (IMO) not nearly enough to offset $3-4/hour/player (more if you're a winning player) in extra rake.