A review of low stakes no limit rake and rakeback

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Description

FirstTimePokerPlayer, 10.000 hand histories each from 2nl, 5nl, 10nl and 25nl 6-max games at Full Tilt Poker with 6 active players in the hand and a flop being dealt. With these hand histories it is possible to calculate the true distribution of pot sizes at the different low limit games as well as the exact differences in the amount of rake charged between rooms when calculated using their own rake structures. At these higher pot sizes a difference in pot size increments from which rake is taken does not have a great influence on the average rake charged. This is the result of the larger pot size increments from which rake is taken compared to FTP's rake structure ($0.01 rake for every $0.20 in the pot).The average pot size at 2nl turned out to be $0.52 or 26 big blinds. At Full Tilt Poker the average amount raked at 2nl is 5.8%. This means that on average 5.8% x 26bb = 1.5bb per hand is taken from the table. With this move to PokerStars you would instantly be winning 29.6 - 21.8 = 7.8 bb/100 hands extra due to paying less in rake. That's $7.80 per 1000 hands or 1 full buy-in every 1282 hands. Poker is not like a regular job where if you show up for X amount of hours you get paid X amount of money. Then do a few calculations with the total number of hands to find out how many you are earning per 100 hands. If after 100 hands of play your stack was $220, then you would have a profit of 10 big blinds. Something crazy like 95% of all online poker players lose money, so be thankful that you’re good enough to be in this elite group. That obviously isn’t ideal, and many people would probably accept a much lower salary to get a steady biweekly paycheck instead. So, a 200k hand sample for a solid NLHE 6-max reg is going to turn out pretty well almost always. That’s obviously pretty useless; an 8 bb/100 range is the difference between a slight fish and the best players at mid stakes, and a 4 bb/100 range is the difference betweeen a decent grinder and the best player. You could, for example, take a group of players that you think all are of a similar skill level to you and all play in the same games as you and take their combined winrate over the past couple months. But, both of these require you to estimate your own skill level and the skill level of others. What this means is that you should be very cautious when you predict your future earnings. Always make sure that you’ll be ok financially if your winrate turns out to be much lower than it has been AND you run really bad over the next 100k hands. That’s already pretty gross, but a 1 bb/100 winner loses 28.9% of the time over 250k hands. That’s just brutal. So, if you’re a very marginal winner in these games, you should probably move down or do something else if you like your sanity. In contrast, if you’re crushing small stakes at 10 bb/100 (a.k.a. 5 PTBB/100, which a few people still manage), life’s pretty sweet. PLO, HU, FR, LHE, and STTs. I also plan to talk about bankroll requirements at some point. Maybe I’ll do BR stuff for MTTs and 6-max cash next and then worry about the other games. Card Player Account. Please do not post any private information unless you want it to be available publicly. You can also find here poker player profiles, tournament poker results, poker rules, poker strategy articles, poker books, poker magazines, poker tools and poker training resources.

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  • This money is making break even poker players into winners. Rakeback can help offset losses during down weeks and can really top off your winning weeks.

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  • Full Tilt Poker and the European Poker Tour. These brands collectively form the largest poker business in the world comprising online poker games and tournaments, live poker competitions and poker programming created for television and online audiences.

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  • Once there, they are provided with a dealer and table alongside up to 9 other players. Jerry introduced me to the game runner, the guy in charge. He told me no drinking too much, no drugs, no getting out of order, or I’d be taken back to my car. I agreed.