Quote:
Originally Posted by chillrob
The $2 is a promo drop, not rake. 20% rake increase is accurate.
Those bonuses and jackpots would come out of the promo money.
Regardless of where the rake goes adding $1 to a prior $7 rake is 14.2% not 20%.
When you win a pot and $7 gets taken do you think to yourself oh the rake was only $5? Playing at whatever level the total rake is, is what matters. It can determine whether or not you will chop pre-flop. And it can also determine how tight you need to be playing.
The other problem with pretending that $2 promotion is not part of the rake is acting like the money will all come back to the players. But interestingly the casino gets to gain interest on all of the promo rake until it has to be paid out. And not all promotional $ end up being distributed to players. In some bad beat cases the casino will always keep 20% in the "pot" so that the promo will continue to look decent. In some cases the casino stops the promotion and distributes it in a particular way that affects certain games but not all players. And if the casino goes under, I have seen bad beat jackpots disappear as part of the bankruptcy proceeding.
In the case of bad beat jackpots, its like playing the lottery. Do you consider that you are not spending money on lottery tickets because the money (or 80% of it) will come back to all people who are buying tickets? [I have never been at a table where a bad beat jackpot was hit]
In the case of best hands jackpots (like for $200) which occur every hour it has less to do with how much is being collected and more to do with how many players are there (like tournaments with guarantees that haven't been hit). But even then the point of the promo isn't that it is costing nothing but that there will be players playing hands like 52s for preflop raises and figuring out who they are (they often include me)
Last edited by Mr Rick; 01-16-2024 at 11:35 PM.