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The second
method, and the one that will not be discussed in too much
depth here, is what is known as a ‘time charge’. The house will
collect a certain amount of money every half hour or hour from all
the players playing. The time charge method is usually not used
for the lower limit games, and even in the mid to high limit
games, it is not always employed. From here on out ‘the rake’ is
only going to refer to the rake that is collected from individual
pots. This is the standard method that most poker players are used
to and will be the focus of the rest of the article.
Live poker
rooms can have different requirements of when they rake the
pot and at what percentage. For live poker rooms the percentage is
usually 10% and, depending on the poker room, can have a maximum
of $3-$5. Some poker rooms also have a minimum rake that they take
from each pot, regardless of the size. For example, if there is a
1/2 NL game and the blinds are $1 and $2, they might take up to $3
from the pot on the flop. This means that if everybody folds to
the small blind, he/she calls the big blind, and the big blind
checks, the house will collect up to $3 (depending on their
policies), even though they are heads up and the pot only has $4.
The house will then take another dollar once the pot reaches $40
(10% of $40 is $4, but they have already taken $3) and, if there
maximum is $5, they will then take another dollar at $50.
Because
most players realize that contributing $2 in order to win $1 is a
tough proposition, most poker rooms will allow the small blind and
big blind to ‘chop’. This means that they can both receive their
blinds back if they both agree that it is acceptable. This has to
be done before the flop and no other players can be in the hand.
Poker rooms that do collect rake no matter how many players there
are if there is a flop, usually have a ‘no flop, no drop’ policy.
This means that if there is no flop, no matter how many raises or
how big the pot, the house will not collect any money from the
flop. It needs to be remembered that not all live poker rooms
collect rake if there is a flop. This is sometimes regional, but
can also vary from poker room to poker room in the same region.
Online
poker rake differs in several ways. The first is that the
percent of rake that is usually taken is 5% and this is almost
always capped at $3. Not only is there usually a maximum $3
collection, but there is almost always no minimums. In some games
the pot will need to be as large as $30 before the house collects
their percentage. In games where the house collects 5%, because of
simplicity, they can divide the amount they collect into ‘cents’.
This means on a $20 pot there can be a rake of $0.50. For online
games, there is not an option to chop if the small blind and big
blind are in the hand before the flop.
The above
descriptions of how live poker rooms and online poker rooms
calculate and collect rake are the most common methods employed.
As was mentioned, the rules will vary, but a majority of poker
rooms use the above rules and using them as guidelines can help
the poker player (whether a novice or beginner) decide which
version offers the highest return. There are many other factors
that determine the profitability of a poker game and it would be
foolish to base game selection solely on the rake collected.
It is
fairly obvious that the maximum rake that the house collects in
live games is a significant amount higher than online. Even if it
was assumed that they only charged a maximum of $3 the minimums
are much higher than online poker rooms. Seeing a flop with three
people and $9 in the pot ($6 after the rake is taken), for
example, creates a negative expected value that is fairly tough to
overcome. It is also safe to deduce that one pays more per hand in
rake in a live setting as opposed to online.
Even though
more is raked per hand in a live poker game, the amount that is
paid per hour is comparable. In a live game, if the average rake
per hand is $3, but there is only 30 hands an hour, the house will
collect $90/hr. When playing online there is an average of 70
hands an hour. If the average rake collected per hand is $1.50,
the hourly collection from the table is $105.
Using the
above as guidelines (based off of 2/4 limit games) the table as a
whole will pay more per hand in live games, but more per hour in
online games. This is due to the amount of hands that are possible
per hour per table online as opposed to live.
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