I am trying to figure the best way to determine how good or bad a rake structure is. Is there a mathematical formula? I realize that there are many different types of 'rake' (i.e drop, time rake, percentage rake w/ cap, percentage rake w/o cap, and not to mention the JP drop) and that you may need a number of different formulas to determine which is best or worst.
Where I live the rake is 5% up to a max of $5 and a $1 JP drop when the pot reaches $50. The cap is reduced from $5 to $3 when 6 or less players are dealt into any given hand. Also, if there is no flop there is no drop. This structure applies to every limit played in the casino, everything from $1/$2 NLH w/ a $300 buy-in cap to $5/$10 w/ a $2k cap. While I only play $1/$2 at the moment, I know the higher limit players ($2/$5 and $5/$10) are getting a great deal but how badly am I being affected by the rake? Should I be more aggressive in moving up limits based on the rake structure alone? Another reason I want to learn more about rake structures is to adapt to them better when playing away from home. Any advice is greatly appreciated.