Matt Sludge
05-01-2005, 04:20 PM
I'll give this guy one thing: He can dream with the best of them.
Oh yea, if you scroll down a little further you'll see this:
For investment inquiries, please email investorrelations@rakefree.com.
BWAHAHAHAHAHAHAHAHAHAHAHHAHA
(From rakefree.com website)
Online Poker Without the Rake... Coming Soon
A few years ago, while working as a prop in a Northern California
cardroom, I started comparing notes with the other player-employees at
the casino and discovered something startling... not a single prop was
winning at the 2-4 limits. We were beating the higher limits just
fine... but 2-4 was unbeatable for us. I wondered why this should be
the case. The answer is simple.
When you play low-limit poker, your real opponent is the house. A
standard cardroom in California spreading a 2-4 holdem game takes a
rake (i.e. the fee that cardrooms charge to play) of $3 from every
pot. This adds up quickly to about $100 an hour. In games where the
average buy-in is often only $40, it's not uncommon to see the same
ten players throwing chips around for a few hours and all of them
coming out of the game a loser.
I'll give this guy one thing: He can dream with the best of them.
Online Poker Without the Rake... Coming Soon
A few years ago, while working as a prop in a Northern California
cardroom, I started comparing notes with the other player-employees at
the casino and discovered something startling... not a single prop was
winning at the 2-4 limits. We were beating the higher limits just
fine... but 2-4 was unbeatable for us. I wondered why this should be
the case. The answer is simple.
When you play low-limit poker, your real opponent is the house. A
standard cardroom in California spreading a 2-4 holdem game takes a
rake (i.e. the fee that cardrooms charge to play) of $3 from every
pot. This adds up quickly to about $100 an hour. In games where the
average buy-in is often only $40, it's not uncommon to see the same
ten players throwing chips around for a few hours and all of them
coming out of the game a loser.
In online cardrooms, the rake is slightly more favorable than in
bricks and mortar cardrooms... the standard rake structure is 5% of
the pot in $1 increments up to $3. But online poker is much faster
than bricks and mortar cardrooms, which means that an online site is
actually raking more per hour from each table than it's land-based
counterparts. An average 2-4 player online will pay about $12/hr to
the house, while a higher-limit player pays about $18/hr. This really
adds up. A high-limit poker professional playing one table for forty
hours a week, fifty weeks a year, can expect to pay about $40,000 to
the house. No wonder so many people are losing at poker.
It is our goal at Rakefree.com to make poker into as close to an even
sum game as possible by offering all of our poker games without a
rake. We are currently in the development phase of this project, so
please check back for updates. You can also sign up to our mailing
list to receive updates by emailing list@rakefree.com
- Dutch Boyd
Oh yea, if you scroll down a little further you'll see this:
For investment inquiries, please email investorrelations@rakefree.com.
BWAHAHAHAHAHAHAHAHAHAHAHHAHA
(From rakefree.com website)
Online Poker Without the Rake... Coming Soon
A few years ago, while working as a prop in a Northern California
cardroom, I started comparing notes with the other player-employees at
the casino and discovered something startling... not a single prop was
winning at the 2-4 limits. We were beating the higher limits just
fine... but 2-4 was unbeatable for us. I wondered why this should be
the case. The answer is simple.
When you play low-limit poker, your real opponent is the house. A
standard cardroom in California spreading a 2-4 holdem game takes a
rake (i.e. the fee that cardrooms charge to play) of $3 from every
pot. This adds up quickly to about $100 an hour. In games where the
average buy-in is often only $40, it's not uncommon to see the same
ten players throwing chips around for a few hours and all of them
coming out of the game a loser.
I'll give this guy one thing: He can dream with the best of them.
Online Poker Without the Rake... Coming Soon
A few years ago, while working as a prop in a Northern California
cardroom, I started comparing notes with the other player-employees at
the casino and discovered something startling... not a single prop was
winning at the 2-4 limits. We were beating the higher limits just
fine... but 2-4 was unbeatable for us. I wondered why this should be
the case. The answer is simple.
When you play low-limit poker, your real opponent is the house. A
standard cardroom in California spreading a 2-4 holdem game takes a
rake (i.e. the fee that cardrooms charge to play) of $3 from every
pot. This adds up quickly to about $100 an hour. In games where the
average buy-in is often only $40, it's not uncommon to see the same
ten players throwing chips around for a few hours and all of them
coming out of the game a loser.
In online cardrooms, the rake is slightly more favorable than in
bricks and mortar cardrooms... the standard rake structure is 5% of
the pot in $1 increments up to $3. But online poker is much faster
than bricks and mortar cardrooms, which means that an online site is
actually raking more per hour from each table than it's land-based
counterparts. An average 2-4 player online will pay about $12/hr to
the house, while a higher-limit player pays about $18/hr. This really
adds up. A high-limit poker professional playing one table for forty
hours a week, fifty weeks a year, can expect to pay about $40,000 to
the house. No wonder so many people are losing at poker.
It is our goal at Rakefree.com to make poker into as close to an even
sum game as possible by offering all of our poker games without a
rake. We are currently in the development phase of this project, so
please check back for updates. You can also sign up to our mailing
list to receive updates by emailing list@rakefree.com
- Dutch Boyd