Rake poker rooms are casinos that have a set cost for playing poker online. Several factors help keep casinos afloat such as the house edge, comps, and handles. When you are playing poker, have you wondered how much it costs to turn a poker room? Poker players are all looking to outperform each other rather than playing against the casino, so how is the house making a profit on poker? Well, that is where the rake in poker comes in.
Online poker rake is a commission that the casino makes from poker games. This commission helps the online casinos pay for software, casino personnel, and providing facilities. Rake is taken from each hand played as payment to the casino for running the game. Without the rake, poker sites wouldn’t be able to make money. Players would have to be above average players to be able to make a profit. American players who are aware of the rake, how it works, and how casinos charge rake will be able to keep their costs down and possibly break even.
Rake is a small amount or percentage taken from the pot after most hands. It is usually taken at the end of the preflop bet. Low rake poker rooms take a rake from the final pot in cash games. In terms of tournaments, the entry fee players pay is the rake.
Online Poker Rake Calculations
You are probably asking yourself how casinos calculate rake. The most common rake amount is 5%. We are going to user lower rake poker rooms as an example. If the USA poker room charges the standard 5% rake per $1 pot that will mean casinos make $0.10 per $1.
There is also a rake cap which is a set maximum amount that can be raked per pot. If the cap is $10 then the casino will only rake ever taken is $10, no matter how big the pot is.
Taking a rake in poker tournaments works a little differently. Poker card rooms list tournaments stakes using a $XX + Y format. Don’t worry; this isn’t an impossible maths equation to solve. The XX is the tournament buy-in, and the Y is the entry fee. For example, if a poker lists a tournament as $20 +2, the buy-in is $20, the entry fee is $2, and the rake would be 10%.
Casinos that offer no rake poker use this as an incentive to get players to return to the poker and eventually move on to more profitable table games. Rake does affect whether or not players make a profit. Apart from the no rake alternative, there is another global rake poker alternative that players will come across in high stake games. The time collection rake charge is usually made every half an hour of play. The online poker rake should not be the players’ only strategy, and a side note: remember that the casino needs to be paid someway.