bad players. Negating rake
Join Date: Feb 2013
Posts: 922
If you played a large mtt or even just a ten seater sit n go and you estimated that 10% of the field were completely ****house/useless at poker and the rake for the game was approx 5%, and your skills were about average, would this 10% body of people effectively negate the rake?
Join Date: Jan 2009
Posts: 5,038
Possibly. Here is a very simplistic approach assuming a 10 seater game with no rebuys and a number of unstated assumptions.
You come out even among the other 8 regs so you’re down the 5% rake. Against the fish, you have to compete with the 8 to get his stack. So, say everbody buys in for 100. Without the fish, you go home with 95. Against the fish you get 1/8 of his stack less 5% or 11.87, so your final take-home is 106.87, for a 6.87 profit.
Note- fish do sometimes win, so above can be considered an upper bound.
Join Date: Feb 2013
Posts: 922
Best answer ever. Thanks stat for the breakdown I was hoping for something along those lines but didn't have the creativity to solve it
Join Date: Nov 2009
Posts: 6,376
Couple small things -- statman, you actually get 1/9 of the fish's stack in a 10 handed game, not 1/8.
Second, as statman noted, the fish sometimes wins. Let's be generous and assume that on average the fish loses 50% of his chips. Then you're competing with 8 other people for only 50 chips, and are making roughly ~5.3 chips from him, which makes you barely breakeven. If the fish loses just 1/3 or 1/4 of his stack every time he plays (which is still a pretty bad result), the game is unprofitable for everyone.
