Quote:
Originally Posted by DalTXColtsFan
Forumites,
It's a widely-held belief that $4/$8 limit hold'em is next to impossible to beat because of the deep gouge the rake takes out your profits. In fact there was a thread where several posters did some math and showed that even at tables where the opposition is so bad that every pot goes off 5 to 7 ways it's STILL hard to even win 1 or 2 big bets an hour.
Does the same apply to FLO8 at low levels like $4/$8? My first intuition is to say it's probably even WORSE because there are so many split pots where nobody wins except the house. But at the same time, the average pot is probably bigger due to people being willing to play more hands.
Thoughts?
I play and beat a $3-$6 limit hold'em game with a full kill. The game runs high hand bonus/promotions, which makes it somewhat worth it. Here are my numbers from last year and so far this year. House rake is maxed at $5; $3 for the house/ $2 for the PSJ.
Profit: $3.61/hr without bonuses; $15.66 with bonuses
Sample Size: 331 Hours
And I play a regular O8 $4-$8 with a half kill; which if it wasn't the only game running at those times I'd likely avoid. This game has bonus money for Steal Wheels and Royal Flushes (no bad beat). With the hours I've put in I'm pretty much break even. House rake is maxed at $5; $4 for the house/ $1 for the PSJ.
Profit: $1.19/hr without bonuses; $3.51 with bonuses
Sample Size: 399 Hours
Thoughts:
As far as Omaha 8 (without a kill or half kill) goes and based on my numbers... I'm pretty certain I couldn't beat it since I'm barely above break even at my current game. And I'm almost certain I'm the only player in the green overall among my opponents.