Posted Thu Apr 15, 2004 8:04 pm GMT by saper88aa
In casinos,how do they calculate the rake.Which pot do they take it from.How much is the % from each pot.Just wanted to know.Anything about the rake
Anybody out there know anything about the rake
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Posted Fri Apr 16, 2004 9:36 am GMT by PuckJunkieNY
Casinos take a set percentage from the pot in ring play. That percentage varies, I think in the area of 4-8%. Usually it will cap at a certain dollar amount per hand.
I'm sure someone else with more casino experience will elaborate further.
Perhaps Mr. Vegas himself ...General Sal will comment.
EDIT- ADD ON
Hey, I found this article on the web...You may wish to read it as it pertains to the rake.
Raked Over the Coals
by Steve Badger
In games where rake is taken as a percentage of the pot, the winner’s of pots pay the rake in a very clear way, since if there was no rake those winners would be getting $60 pots instead of $57 ones. But this clear reality isn’t as simple as it seems, especially if you are thinking about the effect of the rake on your play.
Recently a question was posted on the rec.gambling.poker newsgroup: "How do I figure how much I am paying in a raked game?" One way to answer is simply to say add up the amount of rake from the pots you win and you have the amount of rake you paid. But that is just a results-oriented answer. The amount of rake this player causes the house to take because of his actions is more complicated than that.
Rake isn’t taken instantaneously after a hand is completed and before a pot is awarded. The house takes rake incrementally during the course of the action of a pot, before a pot is awarded. At the point rake is taken, there is no winner or losers. There is only pot equity. The taking of the rake reduces the pot equity of each live player. People who end up winning the pots will be the ones who don’t get the money that was raked, but rake is actually paid by the pot, which is its own entity, which more than one person at a time has an equity claim/interest in.
Suppose we have a raked game where the actions of one player consist of entering the pot before the flop, never seeing the river (and so never winning a pot), but always making it so the rake is increased $1 per hand. It's hopelessly contrived, but suppose after ten hands this player has lost $100. His actions led to the house collecting $10 more rake. If you look at it from the perspective of trying to explain to the player who never won a hand how the rake impacts him, it could be said that it didn't impact him at all because he never won a pot, but that doesn’t address how his loose-passive style of play is very costly in a rake game. That extra dollar per hand went down the rake hole because of his actions, even if he was essentially giving his money to the other players.
What needs to be understood here is how strategically bad this player is playing strictly in terms of the rake even though he doesn't actually pay any rake! It would be wrong for this player to think "my playing style led to me not paying any rake that round because I didn't win any pots."
The concept that needs to be understood is that overly loose play leads to a high rake expense, not overly loose play and winning pots. The winners do not get money that is raked, but the too-loose players cause more money to be raked. Put another way, the house is going to look at that loose, never-see-the-river player as a large rake contributor, even though he never actually pays a cent himself.
Suppose John owns a one-table cardroom where the game normally consists of nine super-rocks. One night Harry comes in and fires up the game, raising dark, showing cards, straddling. Suppose after an hour Harry does not win a single hand, but John pulls the rake box and finds that the hourly rake is three times what he normally gets. Who is John going to buy a drink for or comp a meal? To all nine rocks who just out of the blue decide to contribute more rake, or to Harry who won no hands and thus "paid" no rake? Harry’s play led to more house rake being taken. (Suppose even that after an hour that each player including Harry won three pots, and all paid exactly the same in rake. Harry is still going to be the one getting the drink and the meal.)
The rake is taken from an asset that eventually belongs to the winner of a hand. The winners pay the rake. But, if you are going to think about how the rake affects your game strategy, this "winner pays the rake" truth is not very helpful. It is much more difficult to be precise about the effect of rake on a player -- and it is much more important.
END
Posted Fri Apr 16, 2004 11:42 am GMT by Matt T
The gambling boat I play on also takes in money for the high-hand/bad beat payouts. Different from the rake but similar in that it get's taken from each pot.
I realize that the dealers usually get tipped with the small chips but just the other night after this $4/$8 table had been going for only 2 hours or so, the dealer had to reach down and get several more racks of $1 chips out of that carrying case they use. I looked around the table and saw that there were VERY few $1 chips on the table. That's when it really sunk in how much it "costs" to play. 
Posted Fri Apr 16, 2004 12:27 pm GMT by j0sh
the casino i play at just has 6/12 and takes a maximum of $3 per hand, i dunno if thats the average.
Posted Fri Apr 16, 2004 1:49 pm GMT by JacksLose
In the casino I work in, we take 1-3 dollars a hand depending on the the limits and amount of people at the table. We take NO rake from the tournament. However, we are a poker room in a casino, so we dont have to show as big a profit as a poker only business. The slots make enough.
Posted Fri Apr 16, 2004 2:05 pm GMT by JacksLose
Let me just say one more thing about the rake...........
I hear alot of folks complaining about it loudly at the table. This is just unfounded whining as far as Im concerned. We provide a safe, comfortable atmosphere to play cards where there are no arguments about the rules and no cheating! The amount of the rake just barely covers wages and the free buffet we provide every day for the poker players. The casino is providing a service for the players in hopes that theyll maybe play some slots on the way out. Contrary to most peoples beliefs, most casino poker rooms dont make money! If you dont want to pay a rake, just play at home. And THANK YOU to all the generous players in Northern Callifornia for understanding the dealers make minimum wage tipping well! See you at the tables!!!!!!
Posted Fri Apr 16, 2004 2:40 pm GMT by Matt T
I realized my post looks a little like I'm complaining but I didn't mean it that way. Actually, very few folks complain about it on the boat I go on (that I hear anyway). Here in Florida, on the gambling boats the dealers make waiter/waitress wages which is around $2.50 per hour. The tourneys are typically $115 buy-in but $15 of that is for the house. This Sunday is the WSOP SS tourney so it's $330 but lasts two cruises.
Posted Fri Apr 16, 2004 3:04 pm GMT by JacksLose
Matt...... When you say "gambling boat" do you mean cruise ships that go off the coast into international waters so you can gamble? If so, do they leave every day or how often? Im just asking cause it sounds like a whole lot of fun! Ive been thinking about trying to get a dealing job on one of these cruises. Do the dealers get tipped well?
Posted Fri Apr 16, 2004 5:42 pm GMT by mindgame
It may be possible that your casino makes no money on your poker room, but I seriously doubt it. Lets take that wonderful game you spread with its $3 max rake (40% less than my casino's max of $5). You are dealing about 22-27 hands per hour, I suspect. The table is generating somewhere between $66 to $81 each hour. Stick just 12 tables in that poker room and assume that they are occupied an average of 40% of the time 24/7. Work it out: 12 x .40 x 66 = $317 per hour. Times 24 hours is
$7603. Times seven days a week: OVER $53,000 dollars!!!!
Really...How good IS that poker buffet!?!?!?
Yes, I know this is oversimplified and you might get 18 hands per hour and the average rake might be $2.65. But look at this honestly...How many one room businesses with around 1000 feet of floor space can generate something on the order of 1 and a half million to 2 and a half million in gross revenue with no PRODUCT expense--just the wages of the dealers and supervisors and few thousand dollars a month in cold cuts?
Posted Fri Apr 16, 2004 8:04 pm GMT by JacksLose
I guess I needed more background on that post. Our casino is in a remote area. We have very regular crowd with tournaments 7 days a week. The room, however is very small. Only four tables. We take no rake from the tourneys, and rarely have more than one table with real money. The game is fun, the vibe is great, but the casinos not makin any $. They pay the floormen too well. Over 50% of the players play slots, though, and theyd probably never come in the doors if it werent for poker. The managment knows this, thus the buffet is EXCELLENT!
Your right about a bigger room, though. I dont think the poker room at Foxwoods is losing money. 
Posted Sat Apr 17, 2004 11:22 am GMT by saper88aa
Thanks for the info.So it depends on the limit and the casino/card room.
Say i was playing no limit with a say 5/10 blinds.% being smalle 10 being big.How much would the rake be,in say a $200 pot. 
Thanks again for the info.
Posted Sat Apr 17, 2004 2:50 pm GMT by General Sal
rake is 10% with $3 cap
Posted Sat Apr 17, 2004 4:55 pm GMT by groton
i know its not losing money place is a mad house
to bad next week there will be no 3Rd shift poker.
the room is closed all next week 3rd shift.
thay fixing the roof or somthing.
Posted Sun Apr 18, 2004 9:58 pm GMT by MasterShake
As far as casinos go, the only one I've played in is Foxwoods and the only table I played was the 2/4. They rake $1 for evey $10 in the pot capped at $4.
Posted Mon Apr 19, 2004 7:19 am GMT by Matt T
Jackslose, Yes those are the boats I go out on. Two cruises each day and there is about 4 hours of gaming each cruise. I usually play $4/$8 Hold Em or $5/$10 ($4/$8 is the lowest limit table they run). They also have $10/$20 and occasionally NLHE with min. buy-ins anywhere from $200 to $1000. Often the higher limits are Round & Round (HE and Omaha8). On the $4/$8 tables the dealers usually get $1 to $2 per hand, sometimes more and occasionally nothing (not often). Usually 6-9 tables on the tourney nights (live action opens up as the tourney loses players). Tourney players usually tip ~10% of their NET. It is fun! I placed 19th out of 115 in the WSOP tourney yesterday. 10th paid $1100, 2nd paid $6600! Oh well, there's always the regular Monday night tourney tonight.
Posted Mon Apr 19, 2004 9:52 am GMT by Always_Bored
| saper88aa wrote: | Thanks for the info.So it depends on the limit and the casino/card room.
Say i was playing no limit with a say 5/10 blinds.% being smalle 10 being big.How much would the rake be,in say a $200 pot.
Thanks again for the info. |
depends on the casino. At the one i play at its 10%, $5 max. So it would be 5 bucks.
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