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SPetty
10-06-2005, 02:15 PM
How do the casinos make money from the poker players? How do they get their cut?

catscradle
10-06-2005, 03:17 PM
<blockquote><font class="small">Quote SPetty:</font><hr> How do the casinos make money from the poker players? How do they get their cut?
<hr /></blockquote>

They take a piece of every pot regardless of who wins, so the more that is bet the more they take. That's why it is harder to win at a casino, you have to win enough to cover the casino's take.

JPB
10-06-2005, 06:36 PM
As the poster above said, the usual method is a rake. however, as the stakes go up, a time charge is collected. Sometimes each player pays time, sometimes there is a time pot. I don't know the details as I've never played higher than 20-40 or small pot limit. Time charges start at somewhat higher limits, I'm not sure where the cut off usually is, and it depends on the casino.

sack316
10-07-2005, 09:37 AM
ah, one of the great debates going on lately is the rake/cost of playing in live casinos versus that of playing online. Generally in a casino, say at a low limit table, the rake as a rule could be roughly 10% up to a max of around $4. This can vary from casino to casino, and from various limits. Add on top of that you are supposed to tip the dealer after a winning session too, gets kinda expensive, but covers the cost of running a brick and mortar casino so it's hard to complain. Also you may pay for time as someone else mentioned (can be in addition or instead of rake, again depending on the place and how they do it).
Obviously it is much "cheaper" to play online, as the rake is generally much less, you don't tip, etc. Where the debate comes in is that the cost of running an online poker room is obviously much less than a live casino. So although the cost of playing poker online is less, many players question whether they are being taken advantage of, since online poker sites are really taking more than their fair share considering the operating costs (or lack thereof), and the sheer quantity of hands that are able to be played. The debate will wage on, but thus far most serious players have come to the conclusion that average Joe doesn't care about the rake, so why would they start charging less?
Hope that helps some, I know you didn't ask for all that!
sack

catscradle
10-07-2005, 10:35 AM
<blockquote><font class="small">Quote JPB:</font><hr> As the poster above said, the usual method is a rake. however, as the stakes go up, a time charge is collected. Sometimes each player pays time, sometimes there is a time pot. I don't know the details as I've never played higher than 20-40 or small pot limit. Time charges start at somewhat higher limits, I'm not sure where the cut off usually is, and it depends on the casino. <hr /></blockquote>

Interesting I didn't know they did that. Is that in addition to the rake or instead of the rake?