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How to calculate the amount of rake you've paid

MeRunGood Posts: 16Subscriber
edited November 2014 in Poker Goals and Challenges
Does anyone know a formula or method to estimate the amount of rake paid over a period of time. IE how much rake did I pay last year based up hours played and/or amount won?

Comments

  • RDF Posts: 183Member
    There's about 15 full-raked pots per hr of live poker.
  • MeRunGood Posts: 16Subscriber
    Yes but what I'm after is as a winning player how much rake I'm actually paying. The 15 full raked pots is what the casino is making and what the table is paying. However, if I don't win a pot in that hour I didn't pay any rake.

    I can see how to kinda estimate some of the rake I paid based upon total winnings and average pot size. However, I don't know how to factor in the rake paid winning pots during a losing session.
  • MikeG Posts: 989Subscriber
    Combined rake taken at a table divided by number of players will approximate it. If you're winning less pots than average, you can discount it. If you're winning more pots than average, you'll have to figure in a premium.

    I've figured that I'm paying approximately $14/hr in drops and then I can multiply that by hours played. However, Live Poker has various kinds of rake back which includes things like comped meals, other comps, free slot play, jackpots, promotions (high hand, etc), and various other things.

    For me I get something like this:
    $25,000 paid in rake
    1,800 in food
    1,550 in freerolls actual (900 in EV)
    900 in promotions
    500 in table share jackpot
    200 in concert tickets
    150 in free slot play (~135 in EV)

    Altogether, it means I've paid approximately $20,000 to play poker this year.
  • MeRunGood Posts: 16Subscriber
    Thanks for the info. I was hoping there was a better more accurate way to figure it. In general I probably win less but bigger pots than average so that method would be a high end rake figure for me.
  • MikeG Posts: 989Subscriber
    Well, if you want more precise answers, you're really only going to be able to do this by recording data and then extrapolating.

    So, for example, you could record every pot you've won over a 1-2 week period and then multiply that by 52 or 26. That would give you a fairly accurate answer. Beyond that, I don't think that is a more reliable way than taking averages.
  • MeRunGood Posts: 16Subscriber
    I think that is what I'll do for the next month or two. Thanks
  • BartBart Posts: 6,080AdministratorLeadPro
    Just out of curiosity what does it really matter?

    If you truly are just curious thats one thing and for me with the LA drop structure of 6+1 after the flop it would probably lead me to some sort of depression to figure out how much I've paid. But usually when people inquire about rake paid they are thinking that they can take this as some sort of business deduction which is not the case since its already worked in your wins/losses.

    Bart
  • workinghard Posts: 1,573Subscriber
    To help offset the cost I don't tip small pots where i win only 20 or so from opponents. I won 500 high hand in Florida and ddidn't tip anything sincei was uupset that the hard rock takes a ddollar preflop. If they can be stingy, so can i
  • MeRunGood Posts: 16Subscriber
    Hey Bart. It really doesn't matter. I've always just considered it the cost I pay (when winning pots) in order to have someplace to play poker. But I have a buddy who was telling me how much rake he figured he payed so far this year and the method he used and amount he claimed didn't make sense to me. So this discussion has pretty much confirmed what I thought :-) Thanks.
  • AbeLimonAbeLimon Posts: 860Member
    I paid $40,000ish in 2008. easy to calculate as the casino charged $20/hr and i didnt eat the free swill..errrr...food. I think $40k is pretty standard for a full time mid/hi player. ouch, makes you think about who the real "pros" are in the gaming industry...
  • reedmylipsreedmylips Posts: 1,146Subscriber
    It sounds like the casino always wins. It's a wonder any of us beat the game with how much money comes off the table.
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