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Originally Posted by zac2bets
The PSJ as you probably dont know has a 10% admin fee as well. So the true rake at Lil's is $3.30 a hand during promo hours. There is no fee taken in LA casinos unless I miss read the jackpot rules.
I'm aware that WA law allows for an admin fee up to 10%, which is pretty much just a ruse. I haven't researched what different rooms keep. Are you asserting that Lil's and the Hideaway both take the full 10%?
I'm not versed in CA gambling law and have no idea how the jackpot works. Let's assume that it's all paid back to players.
Let's further posit that both bad beats and high hands impose a further tax on good players, because worse players will chase jackpots by playing hands they shouldn't.* Maybe that's another 10%.
So Lil's is effectively raking $3.60 (3 + 0.30 + 0.30) on a $20/40 LHE hand that has a river card. The Commerce is effectively raking $6.30 in the same situation.
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Lil's high hands are not particular easy to hit, I mean, have you hit one?
That's an odd position to take, since one high hand is dealt every high hand period. Or are you referring to Monte Carlos (which in Las Vegas would be called high hands)?
I've hit both, but never hit the HH in the new promotional period when 10-12 tables are going.
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There is no embracing of the PSJ. It is a flawed system that has led to the crash of the Seattle poker market.
If you haven't noticed, no poker market that existed in 2005 is as healthy as it was in 2005. LA and the Bay Area might come closest, but they're drawing from a huge catchment relative to the Seattle area. LA rooms are in love with BBJs. Bay 101 has almost none, IIRC. I wouldn't argue either as a reason why those places do or don't do well.
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Originally Posted by Bighurt52235
Related cause the PSJ (in my example) and rake are significant in the lower spread games.
No one's disputing they're significant! Just that you can't lump PSJ and rake together as though they're the same thing. Higher variance != lower expectation.
If you don't like PSJs then don't play games with them if they exist at stakes you want to play. All else equal I'd rather not have them, but I accept them as the price of getting bad players in.
I'd much rather have something lower variance (high hand of the hour or happy hour) than a BBJ, where one lucky duck takes $20k out of the poker economy at once.
*Something else I love about the Hideaway's happy hour. If the HH is huge and we get dealt the right hand, a weak player is going to play it the same way I will. I'm not giving up jackpot equity by failing to chase with it. If the HH is small, though, there might be rare occasions I'd fold to heavy action but the weak player wouldn't.