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30 June 2011
| News> Archive> 2006> April> No More Rakes for Wagering Fans |
No More Rakes for Wagering Fans
30 Apr 2006
If you love wagering online, and your favorite game just happens to be poker, then the online wagering world has something new for you. Last time you won a hand of Texas Hold'em at your favorite online wagering site, did you notice that the casino took money out of your winning pot? Yes, it is certainly annoying, but a practice that all wagering sites partake in; until now that is! That seemingly small "rake" schedule that wagering online sites remove from every pot can add up to quite a bit of money.
Some wagering site has decided to remove rakes from their poker rooms altogether. Why? Well, there reasons are pretty simple. For starters, these casinos are trying to get new players, and by removing the rake schedules they have devised an incentive to bring these gamblers in. Their other reason, and most important one, is that they want to get their existing poker players to cross-over to other games. Crossing over in online wagering terms means that gamblers who generally play poker see that they are saving money on the site and will try other games offered by that specific casino.
If crossing-over occurs, which it does, these casinos make money from the other games, and thus do not need to charge a rake fee. Now we know that you think that that $1.25 you get taken out of your winning $12 pot when you play at $1/$2 rooms is minimal, but how many hands do you win a month wagering online? 50? If you won 50 pots a month, you would be losing out on $62.50 every month. Now multiply that but 12 (for the full year), and you are out $750. That's a lot of money you could be using for all your wagering pleasures!
