Are my rakeback calculations right???
Ok I am just trying to work out how much money I can make from rakeback alone at the busiest times at the weekend. Can someone please tell me if these are correct figures?
5nl, Average pot at absolute peak times: $0.90
Average hands/ hour 4 tabling: ~1000
So rake is 6.666%
So for every hand on average my rake is $0.90*0.0666 = 6c
So my rake for 9 hands is 54c
So my rakeback for 9 hands is 27% of 54c = 14.5c
And I pay 7c/9 hands on blinds, so I'm making 7.5c/9 hands???
= $8.33/1000 hands
What am I doing wrong because this can't be right??? Can it??
*Edit: before anyone says it, I know this is not what poker is about. Trust me I don't wanna play this forever but I'm trying to work out a schedule for when I can move up to 10nl again.