smart idea to be up and running and establish by the time WSOP starts. Pretty awesome that they have their own software to invest and develop its software in the future. Whats taking the other casinos so long to get going.
smart idea to be up and running and establish by the time WSOP starts. Pretty awesome that they have their own software to invest and develop its software in the future. Whats taking the other casinos so long to get going.
Before a few hours ago, the largest hurdle was that of approval by the state.
Ultimate Poker charges a small fee (known as rake) on most pots as well as a small entry fee on most tournaments. Tournament fees can range from 0-10% of the tournament buy-in, depending on the tournament. The Ultimate Poker Ring game rake is calculated as a true percentage which uses two components: percentage of the pot (%) and cap.
The rake is defined below for each game we host:
No Limit Rake: 4.5%
All number of players refer to the number of players dealt into the hand, not the number seated at the table
Stakes % Rake 2 Player Cap 3-4 Player Cap 5+ Player Cap
$0.01/$0.02 4.50% $0.30 $0.30 $0.30
$0.05/$0.10 4.50% $0.50 $1.00 $1.50
$0.10/$0.25 4.50% $0.50 $1.00 $2.00
$0.25/$0.50 4.50% $0.50 $1.50 $3.00
$0.50/$1 to $3/$6 4.50% $0.50 $1.50 $3.00
$5/$10 4.50% $0.50 $1.50 $3.00
NOTE: Ultimate Poker does not charge rake if a hand ends on the first betting round (before the flop).
Fixed Limit Rake: 4%
Stakes 2 Player Cap 3-4 Player Cap 5+ Player Cap
$0.05/$0.10 $0.04 $0.04 $0.05
$0.10./$0.20 $0.10 $0.10 $0.10
$0.25/$0.50 $0.15 $0.15 $0.15
$0.50/$1 $0.40 $0.40 $0.40
$1/$2 $0.50 $0.70 $0.80
$2/$4 $0.50 $0.70 $1.20
$5/$10 $0.50 $2.00 $3.00
$10/$20 $0.50 $2.00 $3.00