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Originally Posted by TheGodson
Was just looking at a poker room that I've used to play at. They have increased their rake from 5%ish to 8%ish and this got me thinking. Why do we even have rake?
We have rake because:
a) people are prepared to pay rake
b) It covers the site's running costs, pays the shareholders, pays the employees' salaries
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Okay, so for live poker you pay rake as a contribution to the business that is running the poker room and also to the dealer for dealing hands, but over the internet this should be completely free.
Why would it be completely free?
An online poker site has a number of costs. They have to pay their software engineers, developers, marketers, customer support staff, electricity costs, shareholders, the CEO's salary. You think all these things cost nothing and people are just prepared to work for free?
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It seems like it would be a good idea for someone to create a poker room that has no rake at all. The code runs on its own and does not need any technical support. Why hasn't this been done before?
Even if code does not require technical support (which it always does btw), what about all the other costs outlined above?
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Perhaps I could be the one to create it. I'm a bit of a dreamer though so it isn't likely to happen.
Go for it. Let us know how it goes.