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RE: What It Was Like to Win $1,500,000 in a Poker Tournament at Age 22

in #money8 years ago

can't reply to other comment, reached maximum depth level already. but interesting that the private games have lower rake there. In America, lots of times when you play a private game it's uncapped rake. The players are usually much worse, but it's still hard for many people to overcome playing 5k pots where they sometimes take out hundreds of dollars. Small stakes in a casino is rough too since not many pots exceed the rake cap. The rake is just always too high :(

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Geez. The thing is, Crown has a near monopoly on legal games in Melbourne. Even Sydney only has two casinos, last time I counted anyway. So the private games sorta have to compete against Crown, so they lower their rake.

When decentralised poker becomes a reality, rake might get very close to zero
http://www.ibtimes.co.uk/etherpoker-raising-stakes-ethereum-1551331