Ring Rake vs Tourney
I'm a tourney guy. But on occasion foray into ring because some very well respected folks say it is more profitable.
I used to be able to say straight faced that I sucked at ring games. Truth seldom requires a wink. Since July 1 that seems to no longer be the case, but by no means am I gonna spend a lot of time in the ring yet.
Yesterday, while 3 tabling I missed being profitable over maybe 400 hands by one hand in particular, where the pot ended up being split, but the rake was enormous. It ended up huge because I had the nut straight, and was trying to stack the villain, who also had the nut straight.
In a tourney, this situation is a large exciting non event, wasting only time, in ring this was costly. Total rake on that hand was in the $2.50 range!
That was NLHE, in Omaha the rakes can be devastating (imo). Especially when it is O8 and there are split pots.
Possibly the largest issue with rake is how it screws up odds
calculations. Few are going to factor in a rake situation when determining a raise or a call, yet over time it becomes a critical factor.
So I'm looking for some 'handle' that will help me understand and factor in rake.
The tourney equivalent of the (usually) 10% is a one time fee paid up front win or lose, and from that POV, the tourney fee is a much better deal than a 5% (or in some cases 10%) rake off the top of (almost) every pot.