What is Rake in Poker?
Casinos are business entities and they would have to get some profits off of their games, among many other things. In a live casino, a lot of people are going to want to play poker. The game uses many terminologies, but a Poker Rake is just a term that is used to refer to the fee that is charged by the dealer to the player.
You see, casinos will require a lot of money to operate and improve their services. Whether it is an actual casino or an online one, you can expect these business entities to get money from you in some way or another.
In today’s article, I will delve deeper and explain what the Poker Rake is and other details that are pertinent to the matter.
What is It?
As mentioned earlier, a poker rake is essentially the fee that is charged by the dealer before you sit down and play a game of poker. This is a way for the casinos to earn money, among many other things of course.
The Different Types
The poker rake actually has a lot of different types. Here are some of the most popular ones:
During a game where cash is involved and placed in a pot, a small portion of the money will be removed by the dealer every time a hand is completed. Different casinos use some variation of this but the concept is still the same.
However, if the hand makes it to the flop, then there will be no money that is going to be taken from the pot.
Unlike the previous type where only the winning player will pay the rake, the dead drop is where all of the players are required to pay the same rake fee before the start of the game.
As the name implies, this is similar to a dead drop in some way where all of the players are required to pay the same rake fee, albeit, the fee is collected at set intervals (for example, every 30 minutes).
Most of the rake fees are based on percentages. This type just makes it so that the dealer will actually get a fixed rake fee as opposed to relying on a 5%-10% cut. That being said, this is quite common in high-stakes poker games where the money that can potentially be won by players is much higher than a casual game.
Players who frequently join poker tournaments will be very familiar with this one. Players are required to pay a flat 10% fee of the tournament buy-in and it will drop considerably once the buy-ins get larger and larger.
The tournament fee is a bit high because it covers a lot of things, including tournament referees, the chips that are going to be used, the dealer costs, and the general costs that go with such a high-stakes event.
As the name implies, there will be no rake fee that is going to be collected from the players. Online poker rooms offer this as a perk.