Monster Rake at 2/4 FL 6-max |
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Posted Sat Jul 29, 2006 4:38 pm GMT by Phil14312
so...my last 8567 hands, 4413 have qualified for the extra .50 rake (about 50%).
.50 x 4413 = $2206 extra dollars during those hands.
$2206 / 6 players = $368/player per 8567 hands.
368/8567 = $.0429 / hand / player
.0429 100 hands = $4.29 / 100 or a little less than 1.1 BB / 100
Does this seem right? Sorry this is my first shot at trying to calculate the rake effects.
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Posted Sat Jul 29, 2006 5:11 pm GMT by fiezk
You calculation seems correct and is quite alarming. 1bb/100 that is taken extra as rake is not catpiss.
Posted Sat Jul 29, 2006 5:38 pm GMT by crack
I didn't need to work it out to know that the monster promo is really going to shit on the solid cash game players at party. That's why I decided to pull my money out of there and go to a different network.
It was bad not getting any rakeback, but I thought that the volume of players and bad players compensated for that, but this promo is the straw that broke the camals back. A lot of people are pulling out of party too.
Posted Sat Jul 29, 2006 6:16 pm GMT by xDiamond_CutteRx
That is one thing I've hated moving down from the $5/$10 games... the higher proportional rake. That's one reason I've started playing a lot more tournaments--rake in one straight shot, and better ROI on the money I put.
But live, it can be even worse. In one local $3/$6 game, they take $1 jackpot rake and $3 regular rake from every pot, regardless of size. Yeah, just imagine the percentages that can rack up very quickly.
Rake is evil.
Posted Sat Jul 29, 2006 10:47 pm GMT by khaosanroad
You can only count the extra .50 lost on the hands you actually won. If you didn't win the hand then you arent' losing .50 from your pot.
Now, let's say you won 10% of those 4413 hands
4413 x .1 = 441 hands that you won
441 x .50 = 220.5
so the extra rake cost you $220 over those hands.
It still really sucks.
Posted Sun Jul 30, 2006 1:29 pm GMT by Phil14312
| khaosanroad wrote: | You can only count the extra .50 lost on the hands you actually won. If you didn't win the hand then you arent' losing .50 from your pot.
Now, let's say you won 10% of those 4413 hands
4413 x .1 = 441 hands that you won
441 x .50 = 220.5
so the extra rake cost you $220 over those hands.
It still really sucks. |
My calculations assumed everyone won an equal share of the pots proportionally, thats not the case, but everything else gets way too complicated for me.
Posted Sun Jul 30, 2006 2:31 pm GMT by khaosanroad
| Phil14312 wrote: |
My calculations assumed everyone won an equal share of the pots proportionally, thats not the case, but everything else gets way too complicated for me. |
That makes sense for an average.
Posted Mon Jul 31, 2006 10:26 am GMT by suitedaces84
The 1.1BB/100 is quite steep. But you have a chance to win the JP. I don't know why everyone neglects this when determining how much playing the JP tables will cost. Out of the 1.1BB/100 you're paying you can expect to win about .95BB/100 back (this is because party takes 10% of the JP and assumes you play them all the time). If you only play the JP tables when the JP is high you can expect to make more than the 1.1BB/100.
Posted Mon Jul 31, 2006 1:47 pm GMT by Phil14312
| suitedaces84 wrote: | | The 1.1BB/100 is quite steep. But you have a chance to win the JP. I don't know why everyone neglects this when determining how much playing the JP tables will cost. Out of the 1.1BB/100 you're paying you can expect to win about .95BB/100 back (this is because party takes 10% of the JP and assumes you play them all the time). If you only play the JP tables when the JP is high you can expect to make more than the 1.1BB/100. |
This assumes what odds for winning the jackpot? Quad 8's beaten or better? I don't think it would come to very much equity. And not all the JP money goes to the jackpot, some goes the Monster tourney, which I will play if I qualify, but really would rather just keep my extra cash.
Posted Mon Jul 31, 2006 5:33 pm GMT by suitedaces84
| Phil14312 wrote: | | I don't think it the JP would come to very much equity. |
It will. If you're paying 1.1BB/100 and party only takes 10% the equity of the JP is huge. The fact that it's unlikely to be hit is not relevant. It's like asking someone if they want a dollar or a 1 in 10,000 shot at $10,000. You may prefer the dollar, but it's not any more valuable. And the fact that some of the money is used to reseed is also not relevant. This is because money from the last JP was added to one being played. If you win you get some of last guy's money and the next guy will get some of yours.
Posted Mon Jul 31, 2006 6:35 pm GMT by Phil14312
| suitedaces84 wrote: | | Phil14312 wrote: | | I don't think it the JP would come to very much equity. |
It will. If you're paying 1.1BB/100 and party only takes 10% the equity of the JP is huge. The fact that it's unlikely to be hit is not relevant. It's like asking someone if they want a dollar or a 1 in 10,000 shot at $10,000. You may prefer the dollar, but it's not any more valuable. And the fact that some of the money is used to reseed is also not relevant. This is because money from the last JP was added to one being played. If you win you get some of last guy's money and the next guy will get some of yours. |
I would agree with this if all the extra .50 cent rake gets put into the Jackpot. But it doesn't like 1/3 of it gets put into some Monster tourney promotion that I'm not interested in. If i wanted to play at a bad beat jackpot table I would, now, I virtually don't have that option.
Before, Party gave you the option of keeping your dollar, or getting a 1 in 10,000 shot at $10,000 dollars (using your example). Because of their promotion you know don't really have that option, unless you want to play tight unprofitable tables. I know get the option of a 1 in 15,000 shot at $10,000 and a 1 in however many players play these tourney at some amount of money that isn't determined yet.
Posted Mon Jul 31, 2006 7:01 pm GMT by suitedaces84
You're right about the monster stuff. That takes a lot away, especially if you have no interest in playing in it.
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