Quote:
Originally Posted by BigBritches
So you think RECs and newcomers do consider rake when they play?
I see once again, we're dealing with a vague definition of what a "REC" is. I still think it stands for recreational player, as a REC, I'll say that some of us know more about these things than you're giving us credit for. Because of that, I'd like to parse out your question a bit before answering it.
Newcomers: no
RECs: it depends
Right or wrong, for better or worse, I can honestly say that I didn't worry much about rake when I played online. I wasn't unaware of it, mind you, but I had just accepted it as the (literal) price of playing poker. When I go to my favorite watering hole, I know I'm paying twice as much for my Macallan neat than I would if I made it myself at home. I could extend this to food or coffee or oil changes, too -- to me, it's a mark-up that I was willing to pay for having the service rendered to me.
My most common online game was (and still would be) low-stakes SNGs. I won't get into why, but that's just what it was. With those games, the sites are pretty up front about rake -- even to a total beginner -- as they appear in the lobby as $10+1, $20+2 and so forth.
It didn't take long for me to notice the effects of rake, even if only qualitatively. I was fortunate enough to be mild winner in those games over the years. But looking back, given my overall ROI, I realize now that it would take me an average of 25 buy-ins worth of $20 STTs to generate $100 in net profit for myself. So the sites had pulled $50 and rubbed it on their tittays for every Benjamin that went to me.
Is that wrong? Exorbitant? Some of you seem to say yes, and looking back on it, it IS rather annoying to see what percentage of my earn went to Ray Bitar's lobster dinners. But I accepted it, for reasons I've already discussed.
Now that I'm stuck to live poker in California, I'm even more aware of rake. Tournament juice runs in the 20-25 percent range for lower buy-in events. And those who are familiar with my state's gaming laws know how ridiculous the rake is in a $1-3 NL game here. While I'll paid little mind to rake in those glorious days before the DOJ took the ball away, I am very aware of it now because its effect is more noticeable.
And again, I've been fortunate enough to come out ahead in the B&M era, both in cash and tourneys. I think about how far ahead of expectation I've had to run, or how many other "RECs" were winning players overall but came out in the red because of the rake, or how many losing players bowed out sooner than they otherwise would have had to -- well, suffice to say, I haven't set foot in one of my local card rooms in almost a full year.
So yes, some of us DO think about the rake, as it's the one thing that has kept me from playing more in the post-BF era.