Quote:
Originally Posted by Dilly_
"Most the rake gets paid out by losing players since they play a ton of hands."
and
"You don't actually pay rake unless you in the hand."
Are directly contradictory statements.
Not really. If you play live a lot you know that these fish go on massive swings. The thing that keeps them staying when they lose 5 buyins is the fact that they sometimes go up 5-6 buyins when they get hot. Most of the losing players are vpiping a lot at low stakes. They win more hands on average, but still end up losing over the term of the night.
Quote:
The high rakes are beatable because live players are on average so bad, but to say it's not significant is just incorrect. If you're winning $20/hr at 1/2 with a 5$ cap rake and they bump it to $8, the average rake per player per hour goes from $16.67/hr to $26.67/hr....so you lose half of your win rate.
All those numbers are a little lower since not every hand hits max rake, but doesn't change the fact that seemingly insignificant changes to rake have a noticeable impact on win rate.
Depending on the game, you could have a huge bump in your bb/100 because of how terrible the players are. Players that would get crushed online beat live cash games because of how terrible the player pool is. I mean if a guy is shoving blind every hand are you really going to complain about the rake in that scenario?
All that math amounts to is a base rate fallacy. Because someone's win rate beating live for 10bb/100 is probably much lower than that against any kind of competent player pool. So what seems like a bad deal actually turns out to be a good situation.
I'm not defending the house here, by the way. I'm just pointing out that the situation is not as bad for the winning players as it is for the losing players. The people that probably lose the most in this situation are the barely breakeven players that are losers or the slightly winning players that become breakeven. The crushers in the games are the ones that suffer the least in this situation.