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Silly Question - Fri Dec 30, 2011, 09:58 AM
(#1)
Jcrondps's Avatar
Since: Jun 2010
Posts: 147
I was reading a post on the web today and someone was discussing rake. They stated that $0.85+$0.15 is ~17.6% rake. This is true if you divide the actual rake by the prize-pool portion of the buy-in. However, I've always thought of it as a percentage of the total buy-in. In this case, of the $1 buy-in, 15% of it is rake and 85% of it goes to the prize-pool.

I look at the poster's example as an incorrect way of thinking given that you can't calculate the prize-pool portion percentage using division (you would need to subtract %rake from 100) via his method.

This seems like a silly question and maybe I'm over thinking it but which is (more) correct?

Thanks
 
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Fri Dec 30, 2011, 10:48 AM
(#2)
topthecat's Avatar
Since: Nov 2007
Posts: 1,962
Hey Jcronps,

I am by no means a maths expert but how would you calculate it if the buy in was $1.00 and the rake $0.15?

Cheers,

TC
 
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Fri Dec 30, 2011, 11:16 AM
(#3)
mtnestegg's Avatar
Since: Feb 2011
Posts: 1,336
.15 is 15% of a dollar top and is an "entry fee" and has no effect on the prize pool of $1.00 X # of entrants
.15 is 17.6% of .85 and also has no effect on the prize pool of .85 X # of entrants but this is not a 1 dollar tourney it is an .85¢ tourney w/ a 17.6% entry fee
Dont know if this is what your asking exactly but there it is anyway
 
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Fri Dec 30, 2011, 11:17 AM
(#4)
Jcrondps's Avatar
Since: Jun 2010
Posts: 147
Quote:
Originally Posted by topthecat View Post
Hey Jcronps,

I am by no means a maths expert but how would you calculate it if the buy in was $1.00 and the rake $0.15?

Cheers,

TC
That's actually a good question. My perception of the rake changed because of the even $1.00 prize-pool portion. However, if I stick with my original calculation, it's $0.15/$1.15 = ~13%. Also, $1.00/$1.15 = ~87% would be the prize pool portion.

Alternatively, if you look at it from the other perspective, it's 15% and 85% respectively.

Does anyone know which is viewed as correct?

Thanks
 
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Fri Dec 30, 2011, 11:19 AM
(#5)
ralphrob's Avatar
Since: Jun 2010
Posts: 98
Quote:
Originally Posted by topthecat View Post
Hey Jcronps,

I am by no means a maths expert but how would you calculate it if the buy in was $1.00 and the rake $0.15?

Cheers,

TC

$1.15 buy in (including fee) is 15/115 = 13%

$1.00 buy in (including fee) is 15/100 = 15%

But it is NOT a rake in a tourney - It is an "admin" fee

Last edited by ralphrob; Fri Dec 30, 2011 at 11:20 AM.. Reason: punctuation
 
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Fri Dec 30, 2011, 11:19 AM
(#6)
Jcrondps's Avatar
Since: Jun 2010
Posts: 147
Quote:
Originally Posted by mtnestegg View Post
.15 is 15% of a dollar top and is an "entry fee" and has no effect on the prize pool of $1.00 X # of entrants
.15 is 17.6% of .85 and also has no effect on the prize pool of .85 X # of entrants but this is not a 1 dollar tourney it is an .85¢ tourney w/ a 17.6% entry fee
Dont know if this is what your asking exactly but there it is anyway
Thanks for the clarification, mtnestegg.
 
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Fri Dec 30, 2011, 11:25 AM
(#7)
mtnestegg's Avatar
Since: Feb 2011
Posts: 1,336
Ya dont calculate entry fees into it because no one ever sees that $ again but stars bankers
 
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Fri Dec 30, 2011, 11:52 AM
(#8)
JWK24's Avatar
Since: Jun 2010
Posts: 24,833
(Super-Moderator)
BronzeStar
Quote:
Originally Posted by mtnestegg View Post
Ya dont calculate entry fees into it because no one ever sees that $ again but stars bankers
+1


Super-Moderator



6 Time Bracelet Winner


 
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Fri Dec 30, 2011, 12:28 PM
(#9)
XXChris123's Avatar
Since: Jul 2010
Posts: 1,512
BronzeStar
if it takes a $1.00 to buy in then i must make a $1.00 back to break even
to me its that simple
the rake just generates VPP's and other points
 
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Fri Dec 30, 2011, 01:12 PM
(#10)
mtnestegg's Avatar
Since: Feb 2011
Posts: 1,336
Quote:
Originally Posted by XXChris123 View Post
if it takes a $1.00 to buy in then i must make a $1.00 back to break even
to me its that simple
the rake just generates VPP's and other points
And you fogot profit for the house...
 
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Fri Dec 30, 2011, 02:20 PM
(#11)
XXChris123's Avatar
Since: Jul 2010
Posts: 1,512
BronzeStar
not really I knew it
its just that most of my answers take a whole page
I am trying hard to behave
 

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