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Old 12-10-2012, 04:04 AM   #76
lgold
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Re: Is the rake at Crown the worst in the world?

Re: Here you go; all commissions for all Australian Casino's as of 21/11/12

Treasury info is not up to date.
2/4 has been replaced by 2/3 10% capped at $12.
2.50/5 is now 2/5.
Games changing 1/1/2013 to be pretty much the same as Crown but without seat charges or time charges.
I understand 5/5 will be 5% capped at $20.

Last edited by lgold; 12-10-2012 at 04:07 AM. Reason: clarification
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Old 12-10-2012, 01:07 PM   #77
Dragon-Ash
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Re: Is the rake at Crown the worst in the world?

Quote:
Originally Posted by PKRReborn View Post
The Grovsner Victoria casino in London is 10% Rake at the £1-£1 game, with a max of £5. That's pretty high. Their £1-£2 game is 5% rake with a max of £10. Out of interest which do you guys think would be better to play on if you had £200?
Yeah, pretty standard for London. The Fox used to rake the £1/1 game at 10% capped at £7.

Regarding your question of which is better, 10% max £5 or 5% maxed at £10, do the math:

The 1/1 game will be fully raked at 10% for every single pot up to £50. And given that most 1/1 games in London will have half the table populated by degenerate short-stacks sitting there with £25 trying to double up, you're not in enough big pots to take advantage of the lower cap.

Let's look at an example: You raise to £6, two callers, blinds fold, the pot is £20 on the flop. You c-bet to £15, one caller; on the turn pot is £50, goes check/check on river and you're good. So the final pot was £50. Of that, £21 was your own money, so you really only 'won' £29. Over 17% of your winnings disappeared with the £5 rake; worse if they take another £1 for any rake race/BBJ etc, in which case now it's a 20% tax. Unless the 1/1 game is juicy and the entire table is really deep, it's pretty much unbeatable.

For the same £5 rake, the 1/2 game raked at 5% pot would have to be £100. Let's double our scenario from above: Raise to £12, two callers, blinds fold, pot is £39. You c-bet £30 on the turn, one caller, pot is £99, check/check river and you're good. Of the £99, you put in £42, so you won £57, so now less than 9% of your winnings goes to rake (10% for the extra £1 for BBJ etc). And to hit the £10 cap in 1/2, you'd have to be in a £200 pot. If you were heads-up, you contributed £100, so you'd 'win' 100. Again, about 10%, which is still about the same as the effective hit if you were in a 1/1 game with a £100 pot.

The 1/2 hit on your win rate is effectively half the hit at the 1/1 game. Basically you should never play 1/1 if a 1/2 is going.

The cap is meaningless; ignore it - the lower cap is to trick the clueless into paying more rake at 1/1. The only reason the cap would come in to play is if both games played huge. Obviously if the 1/1 had the entire table playing 300bb deep and most pots were over £100, then yes - you want the lower cap. But that's not how the games play. The 1/1 games tend to play very short, not many people deep, and not enough big pots to take advantage of the lower cap. Instead, you're paying the full 10% rake almost every pot.

Play £1/2. At least here in London the games don't play -that- differently.

Should also add: The Fox was a pleasant place to play but I don't think I've ever seen a worse-run operation in any field. No surprise that they went out of business today.
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Old 12-10-2012, 07:46 PM   #78
winadil
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Re: Is the rake at Crown the worst in the world?

Lassiter's in Alice Springs - Does have poker but i do not know the rake for here as i have not played here..... Does anyone know it? Just to complete the list
is 5% commission on $20 in units of $1 up too a max of $25

darwin closed there poker room a few months back it did have a few 2.5-5 running
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Old 12-10-2012, 08:49 PM   #79
czechpete
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Re: Is the rake at Crown the worst in the world?

How much is fee on mtt tourney?
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Old 01-07-2013, 07:39 PM   #80
King Of The Donks
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Re: Is the rake at Crown the worst in the world?

Quote:
Originally Posted by kerr View Post
Game changes as of this week:
  • $1/$2 - 10% capped at $20 ($20-$80 BI)
  • $1/$3 - 10% capped at $12, plus $5 one-off sit-down charge ($50-$200 BI)
  • $2/$4: 10% capped at $12, plus $5 one-off sit-down charge ($200-$400 BI)
  • $5/$5 - 10% capped at $10, plus $10 one-off sit-down charge ($300-$700 BI)
  • $5/$10 - no rake, $25 hourly charge ($600-$2000 BI)
Coke now $3.00 from a waitress (usually a long wait), or $3.50 if you go up to the bar in the poker room. Cannot order a glass of water from a waitress any more, small bottle is $2.

So, what does everyone think now? Try to contain your laughter.
This is close to criminal. Are the games 5/5 and under beatable to the point you can make a living off them despite the cash grab from Crown? Absolutely appalling.
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Old 01-21-2013, 01:23 AM   #81
tedjam
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Re: Is the rake at Crown the worst in the world?

Quote:
Originally Posted by King Of The Donks View Post
This is close to criminal. Are the games 5/5 and under beatable to the point you can make a living off them despite the cash grab from Crown? Absolutely appalling.
yeah does anyone have an idea if 1-3 is beatable
no way is 1-2
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Old 01-21-2013, 03:34 AM   #82
louiethefly
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Re: Is the rake at Crown the worst in the world?

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Originally Posted by tedjam View Post
yeah does anyone have an idea if 1-3 is beatable
no way is 1-2
I've played 1/3 at crown and fair bit and the rake on it is definitely beatable. (I cant Understand why so many people refuse to believe It is) There's a lot of bad players who re-buy after they lose all they're money. Plenty of bad regs who make the table talk unbearable though
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Old 01-21-2013, 08:02 AM   #83
hockeyhero31
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Re: Is the rake at Crown the worst in the world?

I remember playing at Conrad jupiters a few years back and they would rake side pots!!! I remember vividly one hand where there were three separate pots of $500 + and when the hand was finished, the dealer scooped $20 from each pot. It was absurd! Despite this and the prelfop raking, the game was still beatable cuz of lolaustralia players.
Oh ya, there Tourneys they would run ran with no commission because apparently they forgot to incorporate the rake when the Queensland govt wrote up the rules and regs of Hosting a MTT. #headexplode!
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Old 01-21-2013, 10:55 PM   #84
tedjam
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Re: Is the rake at Crown the worst in the world?

Ive played at crown and don't dispute the softness, but is the rake too
high to make say 25hr, which at around 1dollar a hand seems pretty high
really 33/100bb win rate?
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Old 06-04-2013, 05:38 AM   #85
jt000
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Re: Is the rake at Crown the worst in the world?

Quote:
Originally Posted by tedjam View Post
Ive played at crown and don't dispute the softness, but is the rake too
high to make say 25hr, which at around 1dollar a hand seems pretty high
really 33/100bb win rate?
you could still make 25hr if you're really good and dedicated since the players are so bad. But 2/4 has the same rake with max BI double 1/3 so its much better
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Old 08-28-2013, 09:55 PM   #86
revolio
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Re: Is the rake at Crown the worst in the world?

winadil: looks like they are still playing @ Alice Springs. (tournaments too....as well as Omaha if their homepage can be believed)

http://www.lasseters.com.au/whats-on...ker-tournament
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Old 01-10-2018, 05:21 PM   #87
Trumps hit
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Re: Is the rake at Crown the worst in the world?

Any update on Alice Springs poker?
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