Join Date: Jul 2017
Posts: 17
I recently took a look at the rake in the daily $60 NLHE tournament at Hollywood Park in LA. The casino takes $23 out of every $60. buy-in; however, rebuys are not raked. So, assuming that 2/3 of the players rebuy, it means that the casino rakes $23 per $100 in entries. In addition, they expect the winners to tip. Assuming a 5% tip rate, it amounts to a 28% effective rake. Is there anyone who believes that this can be beaten in the long run?