Legend5555
Full House
So here in GA, people have found a way (at least in one county) to run legal cash games combining the TX model and running the room as a Charity.
Right now, one of these (Little Kings and Queens) has been running cash games for about a year. Though they have been running small tournaments for several years. Another is about to open (simply called The Poker Room). Both of them use the following structure:
$10 daily membership (discounts on longer term memberships)
$10 daily fee
$15/hr time rake paid on advance (discounts on buying bulk time)
This applies to all games, though the only games that really run at LKQ are 1/3 $500 max, and 2/5 $1k max.
It's easy for me to see that this structure is better than standard rake at 2/5. But at 1/3 and potentially 1/2 $200 max that might show up at The Poker Room when it opens, it's a little less clear to me that this is necessarily better.
I found this article from 2019 about average rake paid:
https://www.pokernews.com/strategy/the-impact-of-rake-in-low-stakes-cash-games-33298.htm
From this, it seems that with auto shufflers, and counting jackpot money as rake (even though it isn't technically), it seems the average player is paying about $15/hr. When you then factor in membership, daily fee, and hand shuffling, it seems like the GA structure might be slightly worse than standard rake. Though, no money comes off the table. So the money on the table can only increase as long as people don't leave the game. It's hard to tell how big an impact this really has though.
Now obviously the games are likely still very beatable since you it's still possible to beat 1/2 with a $5+$2 standard rake structure.
The question is though, is this membership + time rake structure actually all that better at stakes below 2/5 than standard rake? And if the room ever ran a limit game, what stakes would it need to be to be beatable against the time rake + membership?
Right now, one of these (Little Kings and Queens) has been running cash games for about a year. Though they have been running small tournaments for several years. Another is about to open (simply called The Poker Room). Both of them use the following structure:
$10 daily membership (discounts on longer term memberships)
$10 daily fee
$15/hr time rake paid on advance (discounts on buying bulk time)
This applies to all games, though the only games that really run at LKQ are 1/3 $500 max, and 2/5 $1k max.
It's easy for me to see that this structure is better than standard rake at 2/5. But at 1/3 and potentially 1/2 $200 max that might show up at The Poker Room when it opens, it's a little less clear to me that this is necessarily better.
I found this article from 2019 about average rake paid:
https://www.pokernews.com/strategy/the-impact-of-rake-in-low-stakes-cash-games-33298.htm
From this, it seems that with auto shufflers, and counting jackpot money as rake (even though it isn't technically), it seems the average player is paying about $15/hr. When you then factor in membership, daily fee, and hand shuffling, it seems like the GA structure might be slightly worse than standard rake. Though, no money comes off the table. So the money on the table can only increase as long as people don't leave the game. It's hard to tell how big an impact this really has though.
Now obviously the games are likely still very beatable since you it's still possible to beat 1/2 with a $5+$2 standard rake structure.
The question is though, is this membership + time rake structure actually all that better at stakes below 2/5 than standard rake? And if the room ever ran a limit game, what stakes would it need to be to be beatable against the time rake + membership?
