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Calculating rake as a %

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  • Calculating rake as a %

    Hi not sure where to put this but I want to work out how much rake is charged in each tournament as a percentage.

    Is my maths correct?

    $1.50 STT charge 21 cents rake so (21/ 1.29) * 100 gives me 16.2%.

    I'm looking to create a quick glance table for working out VPP's etc. and I want to add the percentage to the table.
    Bracelet Winner

  • #2
    *** Moved *** Hi Ovalman, There is some info here on how rake is calculated for ring games. I do not know how the rake is worked out as percentages for Tournaments but I'll try to find some info for you and post back when I have more details. Raiser umbup:

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    • #3
      They're usually around 10%. Sunday Million, under ($15 for $200 in prize pool), Storm exact ($1 for $10), etc. Ones I play (45ers), 23 cents in pool, two rake, so just under.

      So it looks like $1.50 ST sngs are raked a bit more, yes. But the $3.50 STs, $3.30 in pool, .20 in rake, way less than 10%, so go figure

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      • #4
        It's closer to 16.3%

        That's horrendous. Note to self. NEVER play one of these.

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        • #5
          My maths is correct (got it confirmed on another forum)

          $1.50 regular is 16.2%
          $1.50 turbo is 13.6%
          $3.50 regular is 11.8%
          $3.50 turbo is 9.7%
          $7.00 regular is 9.5%
          $7.00 turbo is 8%
          $15 regular is 8.7%
          $15 turbo is 7.7%
          $30regular is 8.7%
          $30 turbo is 7.7%
          $60 turbo is 7.7%
          $100 turbo is 7.2%

          I'm not knocking 16% because many other sites are charging 20% for micro stakes but it does show how hard rake eats into your profits at micro stakes. If you know your overall ROI in a decent sample it may be more beneficial moving up a level where the standard might be a little higher but it might be offset by lower rake.
          Bracelet Winner

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          • #6
            It's $0.21 on $1.50 (not $1.29), therefore 14% They take .21 on the 1.50 Personally, I don't care about the rake, it's the bottom line that counts, PROFIT I don't play those, but maybe I should Most good players might not touch those high rake games, therefore leaving the games to the fishes and donkeys. So why not take advantage of it? P.S. There's a HUGE rake on cigarettes, but people still smoke P.P.S. I just saw your numbers Ovalman, you'll need to change them, still, it's very revealing umbup:

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            • #7
              $3.50 has different formats

              Originally posted by Don B. Cilly View Post
              So it looks like $1.50 ST sngs are raked a bit more, yes. But the $3.50 STs, $3.30 in pool, .20 in rake, way less than 10%, so go figure
              The $3.50 format that Don refers to is a 'Turbo Knockout' game.

              The regular format $3.50 SNG STT 9 MAN game that compares to the same type $1.50 game has a 39-cent rake. The rake % for the $3.50 game is around 12.5% compared to its sister game of $1.50, which is 16.3%.

              The rake is still much cheaper than a 'live' rake. I recently played a MTT (83 entries) Turbo in Atlantic City that was $150 + $30. The rake 'live' was 20% compared to the $60 buy-in MTT 45 MAN Turbo and 180 MAN Turbo 'on-line', which are only 8.6%; on-line games also save on expenses.

              Even though the average on-line player is getting better, if you can hold you own against a given buy-in level, the rake isn't bad; as an added bonus, the rakeback on-line is better than the comps at a casino.
              .
              "May the cards be with you!"

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              • #8
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                "May the cards be with you!"

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                • #9
                  Way I see it, rake on the entry fee still beats the pumpkins out of rake on every single hand you see a flop on. Last cash ring game I played, I got so pissed off with splitting the pot four hands in a row... well, four pots in a row I got involved with, you know, rake makes more than you do and you haven't even lost it, I gave up on them

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                  • #10
                    Originally posted by Sandtrap777 View Post
                    It's $0.21 on $1.50 (not $1.29), therefore 14% They take .21 on the 1.50 Personally, I don't care about the rake, it's the bottom line that counts, PROFIT I don't play those, but maybe I should Most good players might not touch those high rake games, therefore leaving the games to the fishes and donkeys. So why not take advantage of it? P.S. There's a HUGE rake on cigarettes, but people still smoke P.P.S. I just saw your numbers Ovalman, you'll need to change them, still, it's very revealing umbup:
                    I hope you're better with odds and outs

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                    • #11
                      Originally posted by Darkman61 View Post
                      I hope you're better with odds and outs
                      ?????
                      I see you're better at 1 liner comments than explanations

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                      • #12
                        The rake is also lower on the 45+ man SNGs as you are not contributing to the battle of the planets prize pool.
                        3 Time Bracelet Winner


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                        • #13
                          I only gave stats for the 6 man Limit STT's I play, I didn't check any other games.
                          Bracelet Winner

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                          • #14
                            Originally posted by Sandtrap777 View Post
                            It's $0.21 on $1.50 (not $1.29), therefore 14% They take .21 on the 1.50 Personally, I don't care about the rake, it's the bottom line that counts, PROFIT I don't play those, but maybe I should Most good players might not touch those high rake games, therefore leaving the games to the fishes and donkeys. So why not take advantage of it? P.S. There's a HUGE rake on cigarettes, but people still smoke P.P.S. I just saw your numbers Ovalman, you'll need to change them, still, it's very revealing umbup:
                            Originally posted by Darkman61 View Post
                            I hope you're better with odds and outs
                            Originally posted by Sandtrap777 View Post
                            ????? I see you're better at 1 liner comments than explanations
                            Dman,it's 14%. .21/1.50 = 0.14 You take the .21 from the whole--the $1.50,not from the remainder--the $1.29,as you must be doing to arrive at 16.3%. If you were to calculate what percentage 3 is of 10,for instance would you divide 3 by 10 thus arriving at 30%,the correct answer or subtract 3 from 10 and then divide it by the remainder,7,thus arriving at roughly 43%,most definitely the incorrect answer. That's the same formula you and oval are using to arrive at .21 being 16% and change of $1.50. Hope that helps.
                            Last edited by Moxie Pip; Tue May 01, 2012, 12:02 AM.

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                            • #15
                              Sand, Mox. You know I luv you guys. But before you carry on you really should forget about poker and concentrate on a bit of basic math.

                              The game fee is $1.50. $1.29 goes in the pot, 21c is the rake. Divide the 21c by 1% of what goes in the pot ($0.129c) and the rake (registration fee) is 16.279%.

                              Now I'm sure you could argue many a point with me and it would invariably come down to a matter of opinion, but math is math

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