Raking the game

Extracted Attributes

• Maximum

  Up to a predetermined maximum amount (capped rake)

• Purpose

  Primary revenue mechanism for cardrooms; covers operational costs (dealers, support staff, software, equipment, venue)

• Definition

  A scaled commission fee taken by a cardroom operating a poker game

• Policy Variation

  'No flop, no drop' (no rake if hand doesn't reach the flop)

• Typical Percentage

  2.5% to 10% of the pot

• Comparison (Live vs. Online)

  Rake in live games is generally higher than for online poker

• Legality (Molly Bloom's context)

  Illegal

• Molly Bloom's motivation for raking

  To mitigate the high risk of giving players credit, taking rake in lieu of interest

Timeline

• Molly Bloom's illegal decision to rake her high-stakes poker games, reportedly to mitigate credit risk, led to an FBI investigation and raid, followed by prosecution by the United States of America through the Southern District of New York, and asset forfeiture of her life savings. (Source: Related Documents)

  Undated

Rake (poker)

Rake is the scaled commission fee taken by a cardroom operating a poker game. It is generally 2.5% to 10% of the pot in each poker hand, up to a predetermined maximum amount. There are also other non-percentage ways for a casino to take the rake. Poker is a player-versus-player game, and the house does not wager against its players (unlike blackjack or roulette), so this fee is the principal mechanism to generate revenue. It is primarily levied by an establishment that supplies the necessary services for the game to take place. In online poker, it covers the various costs of operation such as support, software, and personnel. In traditional brick and mortar casinos, it is also used to cover the costs involved with providing a dealer (though in many places tips provide the bulk of a dealer's income) for the game, support staff (from servers to supervisors), use of gaming equipment, and the physical building in which the game takes place. The rake in live games is generally higher than for online poker. Some cardrooms will not take a percentage rake in any community card poker game like Texas hold 'em when a hand does not have a flop. This is called "no flop, no drop". To win when playing in poker games where the house takes a cut, a player must not only beat opponents, but also the financial drain of the rake.

Web Search Results

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• Understanding the Rake Baseball Term: Your Ultimate Guide to ...

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• Rake Definition | How Casinos Make Money on Poker - PokerNews

  The rake in live games is generally higher than for online poker. Some cardrooms will not take a percentage rake in any community card poker game like Texas hold'em when a hand does not have a flop. This is called "no flop, no drop". Some cardrooms offer rakeback as a loyalty rewards program. ### How to Pay Rake in Live Poker [...] According to the film Molly's Game, Molly Bloom started raking her games because the risk of giving players credit was becoming to high and she took rake in lieu of interest. No, there is no maximum rake in poker. Although, poker rooms try to compete in their rake structures not to lose customers. However, most casino poker games have a capped rake, meaning the house can't rake more than a specified figure. [...] More casually, the rake can refer to any money taken by the casino,cardroom, or poker club. Including tournament fees and hourly rates. ### How is Rake Calculated in Poker? How the rake is calculated varies from game to game and casino to casino. Usually, a poker room will have a set percentage of the pot from each hand go to the house. Generally, anywhere from 5% to 10% of the pot in each poker will be taken for the rake.

• What Does Rake Mean In Baseball? - YouTube

  careers, showcasing their impressive hitting skills. Additionally, we’ll touch on some fun traditions and awards associated with 'raking,' including unique recognitions given to standout players. Whether you’re a lifelong fan of the game or just starting to learn about baseball terminology, this video will give you a clearer understanding of what it means when someone says a player is 'raking.' Join us for this engaging discussion and subscribe to our channel for more helpful content about the [...] What Does Rake Mean In Baseball? In this video, we’ll break down the meaning of the term 'rake' in baseball and how it reflects a player's performance at the plate. We’ll discuss how this term has evolved over the years and the significance it holds within the baseball community. You'll learn about the origins of the term and how it relates to a player's ability to hit effectively across the field. We’ll also highlight some examples of players who have exemplified this term throughout their [...] ⬇️ Subscribe to our channel for more valuable insights. 🔗Subscribe: #Baseball #Raking #BaseballTerminology #Hitting #BaseballSkills #BaseballFans #BaseballHistory #PlayerPerformance #BaseballAwards #HittingTechniques #BaseballCommunity #BaseballPlayers #SportsTalk #BaseballKnowledge #BaseballLife

• Rake (poker) - Wikipedia

  A percentage rake is taken directly from the pot. In a live casino, the dealer manually removes chips from the pot while the hand is being played and sets them aside to be dropped into a secure box after completion of the hand. When playing online, the rake is taken automatically by the game software. Some software shows the rake amount next to a graphical representation of the dealer and takes it incrementally between the rounds of betting, whereas other software programs wait until the entire [...] Rakeback in cash games can be calculated using two different methods: dealt and contributed. The dealt method awards the same amount of rakeback to each player dealt into a hand, and the contributed method rewards players based on their actual contribution to the pot. In poker tournaments, rakeback is deducted from the cardroom's entry fee. Rakeback is similar to comps "Comps (casino)") in "brick and mortar" casinos. [...] which the game takes place. The rake in live games is generally higher than for online poker.