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  • Silly Question

    I was reading a post on the web today and someone was discussing rake. They stated that $0.85+$0.15 is ~17.6% rake. This is true if you divide the actual rake by the prize-pool portion of the buy-in. However, I've always thought of it as a percentage of the total buy-in. In this case, of the $1 buy-in, 15% of it is rake and 85% of it goes to the prize-pool.

    I look at the poster's example as an incorrect way of thinking given that you can't calculate the prize-pool portion percentage using division (you would need to subtract %rake from 100) via his method.

    This seems like a silly question and maybe I'm over thinking it but which is (more) correct?

    Thanks
    4 Time Bracelet Winner



  • #2
    Hey Jcronps,

    I am by no means a maths expert but how would you calculate it if the buy in was $1.00 and the rake $0.15?

    Cheers,

    TC

    Comment


    • #3
      .15 is 15% of a dollar top and is an "entry fee" and has no effect on the prize pool of $1.00 X # of entrants
      .15 is 17.6% of .85 and also has no effect on the prize pool of .85 X # of entrants but this is not a 1 dollar tourney it is an .85¢ tourney w/ a 17.6% entry fee
      Dont know if this is what your asking exactly but there it is anyway
      May the tinfoil protect you. MT

      Comment


      • #4
        Originally posted by topthecat View Post
        Hey Jcronps,

        I am by no means a maths expert but how would you calculate it if the buy in was $1.00 and the rake $0.15?

        Cheers,

        TC
        That's actually a good question. My perception of the rake changed because of the even $1.00 prize-pool portion. However, if I stick with my original calculation, it's $0.15/$1.15 = ~13%. Also, $1.00/$1.15 = ~87% would be the prize pool portion.

        Alternatively, if you look at it from the other perspective, it's 15% and 85% respectively.

        Does anyone know which is viewed as correct?

        Thanks
        4 Time Bracelet Winner


        Comment


        • #5
          Originally posted by topthecat View Post
          Hey Jcronps,

          I am by no means a maths expert but how would you calculate it if the buy in was $1.00 and the rake $0.15?

          Cheers,

          TC

          $1.15 buy in (including fee) is 15/115 = 13%

          $1.00 buy in (including fee) is 15/100 = 15%

          But it is NOT a rake in a tourney - It is an "admin" fee
          Last edited by ralphrob; Fri Dec 30, 2011, 06:20 PM. Reason: punctuation

          Comment


          • #6
            Originally posted by mtnestegg View Post
            .15 is 15% of a dollar top and is an "entry fee" and has no effect on the prize pool of $1.00 X # of entrants
            .15 is 17.6% of .85 and also has no effect on the prize pool of .85 X # of entrants but this is not a 1 dollar tourney it is an .85¢ tourney w/ a 17.6% entry fee
            Dont know if this is what your asking exactly but there it is anyway
            Thanks for the clarification, mtnestegg.
            4 Time Bracelet Winner


            Comment


            • #7
              Ya dont calculate entry fees into it because no one ever sees that $ again but stars bankers
              May the tinfoil protect you. MT

              Comment


              • #8
                Originally posted by mtnestegg View Post
                Ya dont calculate entry fees into it because no one ever sees that $ again but stars bankers
                +1umbup:
                Super-Moderator



                6 Time Bracelet Winner


                Comment


                • #9
                  if it takes a $1.00 to buy in then i must make a $1.00 back to break even
                  to me its that simple
                  the rake just generates VPP's and other points

                  Comment


                  • #10
                    Originally posted by XXChris123 View Post
                    if it takes a $1.00 to buy in then i must make a $1.00 back to break even
                    to me its that simple
                    the rake just generates VPP's and other points
                    And you fogot profit for the house...
                    May the tinfoil protect you. MT

                    Comment


                    • #11
                      not really I knew it
                      its just that most of my answers take a whole page
                      I am trying hard to behave

                      Comment

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