alonelywriter

We all know that casinos make the amount of money on a daily basis. Be it online casinos like yourbetkings.com or land-based ones, every casino makes a lot of money. Every game that you see in a casino be it blackjack, baccarat or slot, gives a financial advantage to the casino that is called the house edge. Normally, the edge is around a few percentage points (depending upon the game) which guarantees that after some time, the casino will make a profit. Let’s see an example, for each $1000 bet on roulette, the house would make nearly $30.

But the same is not the case with poker

Be it online or land-based, the game is never played against the house. Each player plays against others to win money that they have invested or others win from you but definitely not from the casino.

It might interest you to know that casino is least interested in knowing how won or who lost the game and the dealers are there just to make other plat the game and to keep a track of the game. so the question is how do casinos make money and what makes organizing tournaments and keeping cash game table going beneficial for them?

The answer to this question is simple and it plays a crucial part in the overall poker economy and it is called RAKE.

The meaning of rake in the world of casinos is a percentage of money that a casino takes from almost every cash game pot or event like a tournament entry fee, similar to that of a tax.

The basics of rake in poker

Normally a usual player doesn’t care much about how a casino makes money from poker. The main motive of the player is simply to come, enjoy and leave. This information is not very important to know but it is good to understand.

Hourly rates

There are many casinos that charge on an hourly basis to sit on the table. If you are playing games in such a casino then it means that there will be no money taken from the pot when you would play and also, you will be paying a fixed amount of fee.

Tournaments

In tournaments, players compete for chips and try to outlast others in order to win money and this makes tournaments a bit of a different game format. The point here to know is that chip pots don’t have monetary value and casinos can’t get rake in the same way they do is cash games. Tournament rake is paid before time as a part of the buy-in.