Suppose you were to go all in for $X, and if you win you win $0.33X.

How much of a "skill" discrepancy do you need to make it profitable?

Well to put this into practice. A local live tourney is $30 + 10 rake + 5 add-on. If you go all in and win. Your stack is effectively worth $60. If you lose, you lose $45. Risking $45 to win $15!!!

That's not taking into account gas, food, tips, etc

Also, those are not big fields. Usually 20-30 people, paying the bubble boy, 5-way chopping.

Please continue playing poker

Why is this a thing?

~3.5

50/50

Exactly this

Umm wat.

sounds profitable

Local tourney a.k.a. Rake and Go?

Rake seems kinda fair

Lots of math fail in the OP

All i see is winning..

#winning

brilliant!

Let's do an actual calculation of rake.

We already know $30 + 10 + 5.

Add the following expenses:

Gas/car amortization : $18
Food + tips: $13
Tips on coffee: $2
Massage: $40

That's $118 out of pocket if you lose. Double up and your equity is worth $60. Double up again and it's $120, or a $2 profit.

You are paying a 5900% rake, or risking $118 to make $2 where you need not one but two double ups! Now I'm not math wiz but to risk $118, needing to win twice to make $2, you need to be 99.2%.

Now believe me when I say, those players are actually close to being THIS BAD. It's like you know what they have and what they will do with it. How long till the deadpool of the human gene gets Darwinized enough to eliminates these low-life games out of my town?

Wanna make $15? At least make the games $100 buy in!

i hope you spontaneously combust.

i dont like the thread title

at least its not as high as what pokerstars rake the games at?

seems like win-win situation

U r bad twollz

You need to win slightly more than 75% of the time to breakeven.

Unless it is a winner take all tournament doubling your stack in a tournament does not double the value of your stack. If you win all the chips, you don't win all the money, right? So each additional chip you win must not have the same value as the chips you started with.



EDIT:

Also, this is not 300% rake. It is a $40 buy-in and $10 of that goes to rake. So it is 25% rake. This changes if you include the add-on. If the add on goes to the prize pool, then it is a $45 buy-in and $10 goes to rake, so it is 22.2% rake. If the add-on goes to rake, then it is a $45 buy-in and $15 of that goes to rake, so it is 33.33% rake.

I don't know where you got 300% rake from.



SECOND EDIT:

People may also look at a $30+$10 tournament as being 33.33% rake because $10 is 33.33% of $30. This says the buy-in is $30 plus a 33.33% entrance fee. How I calculated above says it is a $40 buy-in, 25% of which goes to an entrance fee. Both mean the same thing.

Huh

45 dollar buy in - 10 rake = 300% rake...

Checks out

If you double up early the value of your stack is close to double it was before. ICM hardly kicks in until you have a stack enough to have close to average of the ITM number of players.

I love how OP included massage into rake calculation cost lol

OP i notice you didn't include tip money...oh wait