Quote:
Originally Posted by BigBAllerAces
Hi I wanted to get feedback in regards to rakes in Florida. The casino I play at has a standard 10% rake with a $5 cap. They also take out an additional $2 per pot that go towards the high hand that is rewarded every 30-60 minutes. Would it even be worth playing 1-2 in this particular scenario?
You can pretty much not concern yourself with the $2 promo drop because as you noted, the vast majority of it is just returned to players in the form of high hand promos. For example, I was playing at Hialeah earlier this week and they were giving out $1,000 every 20 minutes. As a full-time player, the promo drop should be theoretically neutral to you over the long term since you'll win your fair share of high hands over the course of a year or years. (Rather than the prospect of maybe winning a once-in-a-lifetime BBJ.)
So what you should concentrate on is how your local room takes the universal $5 rake. Again, as you noted, it is 10% to $5, but some rooms are no flop no drop while others will rake $3 ($1 + $2) at $10 regardless. An absurd example of this is in a $2-$5NL game at Magic City in Miami, if you just steal the blinds, the room takes $3 and gives you the remaining $4.
However, far more important than how the room takes the $5 rake or the neutral ev $2 promo drop, is your ability to play poker. And you really don't even need much ability to be successful (at least in South Florida), you just need to take the game seriously. I am a glorified rec player, playing 12-15 hours/week at some of the worst times to play (weekday mornings and afternoons), and even I do quite well.