Maryland’s four brick-and-mortar poker rooms generated a combined $3.5 million in revenue last month, according to figures released Monday by state officials.
Sep 24, 2013 A Look at House Rules: The Rake and Time Pots. And even if you have played in a casino poker room, you may have been so wrapped in the action, the players, and conversations — not to mention keeping track of your own hands and betting — that you didn’t even notice the dealers sticking their fingers into the pot to make chip change.
The amount was a 29 percent increase compared to the $2.7 million raked in the same month last year, per the public data from the Maryland Lottery.
The rooms raked $37 million through the first 10 months of this year. Rake was $28.5 million through October of 2016, which reflects a 28.4 percent year-over-year gain.
This is a discussion on Best Poker Site?(Rake) within the online poker forums, in the Poker Rooms section; Hi all I currently play on pokerstars, however i have noticed the take alot in rake is. Sep 27, 2011 Do casinos make any money on poker rooms? What I would wonder is how much poker players actually bring to the casino's other profit centers. In Poker Rooms, the rake brings in some money but when you add up comps, tournaments, bad beat prizes, is it a break even situation? Poker players bring spouses who may play the slots or something. Holland Casino. Feb 19, 2015 Rake on Cruise Ship Casino Games. About 8 years ago I did an Alaska cruise and there was a 2-4 limit poker game. I think the rake was uncapped 10% but even so I was able to play for many hours and leave a winner at a fun, social game full of horrible players. At that time the poker boom was in full swing and there was a lot of interest from.
Maryland had three poker rooms up until December 2016, when the 39-table room at the $1.4 billion MGM National Harbor casino complex opened for business and drastically grew the state’s live poker market. Though it grew the market overall, it did take a bite out of revenues at its in-state competitors. Maryland has 122 poker tables in total.
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“The market is going to grow,” MGM National Harbor Poker Room Manager Johnny Grooms told Card Player earlier this year. “We felt that there was an under-served population in Southern D.C. and Northern Virginia, and in the more expansive area down to North Carolina. Our competitors to the North have done a good job, but traffic patterns here dictate where and when people go do things.”
In just about four years, Maryland has established itself one of the top poker markets in the country. Maryland didn’t allow live dealer games until 2013. Around that time the casinos also obtained the ability to stay open 24/7, which is crucial for poker.
Here’s a look at a year-over-year comparison based on poker room through October:
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2017
MGM National Harbor: $17.5 million
Live! Casino: $13.9 million
Horseshoe Baltimore: $4.6 million
Hollywood Casino Perryville: $969,000
Live! Casino: $13.9 million
Horseshoe Baltimore: $4.6 million
Hollywood Casino Perryville: $969,000
2016
Live! Casino: $20.5 million
Horseshoe Baltimore: $7.4 million
Hollywood Casino Perryville: $930,000
Horseshoe Baltimore: $7.4 million
Hollywood Casino Perryville: $930,000
(Redirected from Rakeback)
Rake is the scaled commission fee taken by a cardroom operating a poker game. It is generally 2.5% to 10% of the pot in each poker hand, up to a predetermined maximum amount.[1][2] There are also other non-percentage ways for a casino to take the rake. Some cardrooms will not take a percentage rake in any community card poker game like Texas hold 'em when a hand does not have a flop. This is called 'no flop, no drop'.[1]
Poker is a player-versus-player game, and the house does not wager against its players (unlike blackjack or roulette), so this fee is the principal mechanism to generate revenue.
It is primarily levied by an establishment that supplies the necessary services for the game to take place. In online poker it covers the various costs of operation such as support, software and personnel. In traditional brick and mortar casinos it is also used to cover the costs involved with providing a dealer (though in many places tips provide the bulk of a dealer's income) for the game, support staff (from servers to supervisors), use of gaming equipment, and the physical building in which the game takes place. The rake in live games is generally higher than for online poker.
To win when playing in poker games where the house takes a cut, a player must not only beat opponents, but also the financial drain of the rake.[3]
- 1Mechanism
Mechanism[edit]
There are several ways for the rake to be taken.[4] Most rake is a fixed percentage of the pot, taken on a sliding scale, with a capped maximum amount that can be removed from the pot regardless of pot size. Less frequently, rake is a fixed amount no matter what the size of the pot.
Pot rake[edit]
A percentage rake is taken directly from the pot. In a live casino, the dealer manually removes chips from the pot while the hand is being played and sets them aside to be dropped into a secure box after completion of the hand. When playing online, the rake is taken automatically by the game software. Some software shows the rake amount next to a graphical representation of the dealer and takes it incrementally between the rounds of betting, whereas other software programs wait until the entire hand is over and then takes it from the pot total before giving the rest to the winner of the hand. This is the prevalent method of collecting rake in online poker.
Dead drop[edit]
The fee is placed on the dealer button each hand by the player in that position, and taken in by the dealer before any cards are dealt.
Time collection[edit]
Time collection (also 'timed rake' or 'table charge') is a set fee collected (typically) every half-hour during the game. This form of rake is collected in one of two ways:
- Player time: A set amount is collected from each player.
- Time pot: A set amount is collected from the first pot over a certain amount.
Time rakes are generally reserved for higher limit games ($10–$20 and above).[citation needed]
Fixed fees[edit]
The fee per hand is a fixed rate and does not vary based on the size of the pot.
Tournament fees[edit]
The above examples are used in ring games, also known as cash games. The rake for participation in poker tournaments is collected as an entrance fee. This may be displayed by showing the tournament buy-in as $100+$20, with the $20 being the house fee or 'Vig'. Other times they will show they buy-in as $100 and list the percentage they take for expenses.
![Casino poker rake Casino poker rake](/uploads/1/2/5/1/125191286/143077832.jpg)
Subscription fees[edit]
Some online cardrooms charge a monthly subscription fee, and then do not rake individual pots or tournaments.
Rake free[edit]
Some online poker websites have done away with the rake altogether. These 'rake free' poker rooms generate revenue by increasing traffic to the company's other profitable businesses (such as a casino or sportsbook) or by charging monthly membership or deposit fees. Some sites are only completely rake-free for frequent players, while offering reduced rake instead for other customers. Due to high fixed costs of operating a poker room, such as marketing, few online poker rooms have been successful in offering rake-free game, often going bankrupt or sustaining themselves by exploiting loopholes in offshore jurisdictions to refuse to honor players' cash withdrawals. However, some financially sound poker rooms have on occasion offered rake-free games to entice new sign-ups or to encourage players to try out new game formats.
Rakeback[edit]
Rakeback is a player rewards method that began in 2004, whereby some online poker sites or their affiliate partners return part of the rake or tournament entries a player pays as an incentive for them to continue playing on that site [5]
Rakeback in cash games can be calculated using two different methods: dealt and contributed. The dealt method awards the same amount of rakeback to each player dealt into a hand, and the contributed method rewards players based on their actual contribution to the pot. In poker tournaments, rakeback is deducted from cardroom's entry fee. Rakeback is similar to comps in 'brick and mortar' casinos.
As online poker becomes more mainstream online poker professionals have begun using rakeback as a means of increasing profits or cutting their losses. Depending upon the stakes the player is playing, how many tables they are playing at once, and the number of hours played daily, online poker pros can earn thousands of dollars in rakeback every month. This gave rise to so-called rakeback pros, players using a less intensive losing strategy at many tables simultaneously while offsetting their losses through rakeback.
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Not every online poker room offers rakeback. Sites such as America's Cardroom, Intertops and Grand Poker allow affiliates to offer rakeback as a direct percentage of rake and tournament entries paid back to the players. Other card rooms such as PokerStars, PartyPoker, Ongame Network and the iPoker Network forbid affiliates to give rakeback. Instead they offer in-house loyalty programs that gives cash and other rewards to players based upon how much they play.[6] At such networks, rakeback deals are sometimes cut between an affiliate and a player without the poker operator's knowledge. Such deals, if discovered, tend to result in the expulsion of either offending party, and, sometimes, in penalties for the poker operator, if they are part of a bigger poker network.
In brick and mortar rooms, the floorperson may offer a rake reduction or rake-free play to players willing to start a table shorthanded.
Legality[edit]
Casino Poker Rake
In most legal jurisdictions, taking a rake from a poker table is explicitly illegal if the party taking the rake does not have the proper gaming licences and/or permits. The laws of many jurisdictions do not prohibit the playing of poker for money at a private dwelling, provided that no one takes a rake.
See also[edit]
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Notes[edit]
- ^ ab'Poker Rake - Calculate Poker Room Rake - Calculating the Rake'. www.pokerstars.com. Retrieved 6 August 2017.
- ^'View The Rake and Blind Structure For Cash Games at partypoker'. www.partypoker.com. Retrieved 6 August 2017.
- ^Raked Over the Coals: Poker Rake, archived from the original on 2015-10-15, retrieved 2017-02-13
- ^'Poker Article: The Effects of the Rake or Time Charge on your Bottom Line By: Dave in Cali - The Poker Forum.com'. www.thepokerforum.com. Retrieved 6 August 2017.
- ^'Is Rakeback Legitimate?'. ProfessionalRakeback.com.
- ^flopturnriver.com (2010-01-13). 'Make Thousands by Playing at PokerStars in 2010'. Flopturnriver.com. Retrieved 2010-01-29.
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