Quote:
Originally Posted by pfapfap
I see more than a mild difference between $210/hr and $650/hr, but then math was never one of my strong suits.
Oh wait, yes it was.
I guess tips don't leave the table to get $210/hour.
I keep forgetting the tip money is magic and doesn't have an impact on the cash on the table and sustainability of the game when it goes to a non-player.
I certainly see the difference in rates -- but you asked where they find people willing to pay those rakes. I answered:
The same places casinos do.
There's plenty of non-US casinos raking 10%
or more per pot, often uncapped!. And there's no shortage of people willing to play in those games. Those sort of rakes likely reach the $2000 in three hours the OP mentioned -- although I suspect there's some hyperbole in his post...
The OP's game's smallest chip is $5, and the game is 5/5NL. Since a 3/6LHE game can have $250+ an hour leave it at a B&M game and still have an endless supply of suckers
^H^H^H^H^H^H^Hplayers at it, I imagine a 5/5NL can support that rate in much the same way. It's possibly even a
smaller rake when expressed as a percentage. He mentions a $50 rake on a $500-$1000 pot -- which means the game has $1000 pots. The $55 lost there (rake+tip) is in the 5-10% range. That's just like losing $6 on an $80 pot at 3/6LHE.
[Game sounds like 10%-max 50, 5/5NL with plenty of action. It's comparable to many B&M games in not-Las Vegas.]