Author Topic: RAKE ON BIG GAMES  (Read 4949 times)

casacubana

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RAKE ON BIG GAMES
« on: February 08, 2012, 10:01:03 AM »
hi all,
i am hosting few games next month( 25$-50$)(50$-100)(100$-200$)no limit holdem+pot limit omaha, and i have no idea what's the going rake( by time or by the hand)the brand new casino i work for is located in indien reserve if that helps to give me some guidance,any info will be highly appreciated,thank you in advance
regards
laura

chet

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Re: RAKE ON BIG GAMES
« Reply #1 on: February 08, 2012, 11:58:13 AM »
First I suggest you take a look at the compact between the Tribe and the State, it might have something to say about how much you can rake and whether or not you can utilize a time charge. 

Second you might want to do some research on existing, if any, "Big Games" in your geographical area, your room charges have to be competitive.  Get out of line and you will lose your players to your competition.

As to my immediate experience, I am in the Mid-West and the "biggest" game I know of is 30-60 at Canterbury Park in Minnesota.  You might want to contact them directly. 

K-Lo

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Re: RAKE ON BIG GAMES
« Reply #2 on: February 08, 2012, 12:20:36 PM »
First I suggest you take a look at the compact between the Tribe and the State, it might have something to say about how much you can rake and whether or not you can utilize a time charge. 
Second you might want to do some research on existing, if any, "Big Games" in your geographical area, your room charges have to be competitive.  Get out of line and you will lose your players to your competition.

This is good advice!    8)

JasperToo

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Re: RAKE ON BIG GAMES
« Reply #3 on: February 16, 2012, 04:47:16 PM »
I have never been in a game bigger than the 25/50 but that level of player has a tendency to prefer a time rake (if it is allowed, good advice earlier to check the regs)..  but I think regardless of the size of the game the dealers and the tables only cost so much (certainly in the minds of the players) so that if you can charger $5 a hand at a 3/6 game there is no reason to charge more for the bigger game.  UNLESS you are providing a very special room and food (even then not so much) and pretty girls or whatever..

So if your dealers are very special and can squeeze in 30-35 hands an hour @ say, $4 a hand that's a $140 an hour.  divide that by 9 players at a table is something around 15-16 $ an hour per player/hour.  Charge them at the top of every half hour $7 or $8 and they will be happy and you'll fill up the drop box....

just my 2 cents

Nick C

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Re: RAKE ON BIG GAMES
« Reply #4 on: February 16, 2012, 08:44:58 PM »
Hello Laura,
  I'd like to add my input having experience with the Seneca Casinos. If you are having full tables use the time session fee. $7 or $8 per half hour is appropriate. If the number of players is only six or seven handed I would consider a percentage instead. The nice thing about collecting time is: the dealers take time on their first hand, so you don't have to worry about counting the pot. You must have good dealers though because players will complain about not seeing enough hands if the dealers are slow.

 Omaha takes longer to deal, so collecting time might be the way to go.

Another option you might consider, although I haven't seen it in a long time, if the limits are real high (as yours are), you can take the rake from a "time pot."
Players find it less painfull if "time" is taken from the ante's and blinds from a specified pot.

Spence

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Re: RAKE ON BIG GAMES
« Reply #5 on: February 24, 2012, 11:06:21 PM »
To stay profitable I'd say your goal should be to make around $150 an hour on each cash game. This will mean finding out what works best for you. As JasperToo said if your dealers are capable of 30+ hands per hour then rake is the best way to go. Most casinos are charging $5 per hand for 1/2 no limit. Only smaller structured limit games get a break on the rake. A game like 3/6 limit might only rake $4. You should see rake increases as your hands per hour would decrease. If you are running a 5/10 No Limit you might only be seeing 25 hands per hour. Thus a $6 rake would be fair to ensure you are maintaining your $150 goal. As well Omaha is a premium game and should be raked accordingly. $6 at medium stakes would be fair. Don't run seven card stud. It just isn't relaistic unless you have a huge population of players who really want the game. The game is slow and the players are slower. ,
If you know your room average is only 25 hands per hour then the session fee is the best way to go. $7 at lower stakes and $8 at higher. You will get your $150 per hour no matter what but may hear some complaints over hands per hour. For the most part though unless you are waaaaaay off the mark I find that the majority of players are not that rake aware and will let you take just about anything from them.
Just as one side note, if you choose to do choose a pot system then do not let players run it twice unless your are raking twice. Under session fees adding that rule may make your big games more enticing to the players who understand why you would run it twice. If your governing jurisdiction will allow it then you may want to do a combination of both. On your biggest game do a session fee that they are willing to pay and let them have a bit of freedom in how they run the game. I would only do this during special events to entice some pros or if you know you have some regulars in your area looking for a big game. When I say big I'm talking around 25/50 No Limit or higher.
I get the feeling that some TD's will disagree on creating a second set of "privilege" rules for some players and not others but in my eyes it's just good business.

casacubana

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Re: RAKE ON BIG GAMES
« Reply #6 on: February 29, 2012, 10:23:14 PM »
thank you all for your advice
laura