Quote:
Originally Posted by Monteroy
So how about this theory:
Once every 30-50 hands or so you have dealt a predetermined non action hand.
(snip)
The concept behind this would be it would be a faster than average hand and thus the rake generated per minute would be a bit higher. Multiple that by the volume of tables 24/7 and in theory it adds up.
(snip)
Figure 2 non action hands per table per hour at appropriate stakes generating say on average 2 cents more per hand based on time saved, that is 4 cents per table per hour multiplied by hundreds or thousands of tables.
Small amounts for each one but in theory it should add up. Say 500 tables at 4 cents per table is $20 per hour. $500ish per day. over $150,000 - 200,000 per year.
Curious what the other `shills`think of this.
Well, I can give you some better figures and math that comes closer to the real return I think. But before that, you're talking about altering around 3% of the hands to be no action, by adding 2 hands/hour to an average of say, 70 hands per hour. You would need to be very careful about how those 3% of hands were actually dealt for it to not be an obvious skew in the card distribution. On the other hand, with my numbers we could do just a half percent of hands to arrive at your revenue figure. I'm going to use 1 extra hand per hour.
Let's split the difference of the two top sites, and say we run a 24/7 average of 20,000 cash players. The average table size is 6.8 players, giving us ~2900 tables. One thing you didn't realize is that 90% of those tables are NL, so we'll go with that. And the average stake played is .50/1.00 (take all 2900 table stakes and average them it comes close to this). You can verify these figures yourself, they are real and they are available several places.
So we are cruising along with these tables, with an average pot size of 12 BB, so $12, and an average of 70 hands per hour, and a 5% rake on that $12. Add that up and the rake is $121,800 per hour, or just over $1 Billion a year. That's about right according to industry estimates. Close enough for this exercise.
Now, let's add in 1 extra hand per hour using your scheme, assume for now that they all get to the flop, so $0.10 rake on a $2 pot. The times we don't get to flop will probably be made up by some larger pots. With 2900 tables 24/7, that's $290 per hour or another $2.5 million per year. Maybe attractive, maybe not. Risk/reward.
So the math works, but the big problem remains. You can't just deal 7 trash hands, one good hand, and one hand that entices a call, and expect that to come anywhere near a proper card distribution. Even at 1 hand per hour we're talking about 1.5% of all hands being altered. Starting hands in fact. It will take some thought to figure out how this affects the card distribution, but it won't be pretty. 1 / 6.7 (tbl avg 6.7) of those will be an extra AK, another 1/6.7 will be an extra suited connector, and the other 4.7/6.7 will be non-random trash hands. So we're adding about a quarter percent to the expected frequency of AK, but it's the hands we take away that worry me more. Can you expand on that part?
Once we get this all figured out we should open a poker site. After we spend 10 years to build a billion dollar company, then we can rig it to make an extra quarter of a percent in rake, before expenses. Yeehah. If we had a little million dollar site, this scheme would make us $2500 a year. And that's with altering at least 1.5% of the hands to be non-random, which might get detected.
Monteroy - nevertheless, this is best effort I've seen in this thread, and from a non-believer at that!
Last edited by spadebidder; 10-14-2009 at 10:31 PM.
Reason: this exercise has been helpful