Topic: How Casino make money on Poker (Read 269 times)

I am not a poker player but I see a similarity of how it's being charged from the other card games that I see. It's like we will need to pay for renting the table and the cards that we are using. Both fee per game and per hour has their own pros and cons. Per game fee must be easy in the pocket but it can be annoying to some. Whilst the per hour fee isn't annoying because it's a one time payment only but the ones that will annoy you is the cost.

It's like the fee had stacked. Slots on the other hand is much easier, enjoyable, and profitable, so it's no surprised that casino favors them. This is also the reason why the house edge for it are higher than most games.

I have no idea how the share goes to the casino but that's for sure is a win for them regardless of how much is on the table for every game. But it is one thing for sure aside from poker games, they're raking profits through fees and commissions from the other games that they have and that's why most of the casinos are successful because the house always wins at the end of it.

Yeah, that's just kind of upsetting when you're being charged hourly on your stay on the table. That just doesn't feel so good when you're also taking care of yourself as there will be a lot of times that you need to fold and need to wait for checking. Those are time-consuming actions and decisions and the casino will earn from that honestly. But as someone who don't like to be charged hourly, it's just better to get into those poker tables that they're getting fees for the pot in the table for every round.

That and the fact that when you play either online or at a brick and mortar casino you can change your game up.  Home games are fun and usually not a lot of money exchanges hands.  You can play massive $ dollars in a casino and not feel bad about winning money.  Playing for too much at home causes friendships to fracture.

I don't know what kind of poker you're talking about, but the poker that everyone knows is that, you're not trying to beat the casino but you are trying to beat your fellow poker players.
So, yeah this absolutely applies to online casinos too.

Rake is the usual way for the casino to make money against the players, I don't find it convenient when you are charged an hourly fee for how long you're sitting at the table, because this fee might going to make you upset for the thought about the fee being part of the accumulated losses. That's just my opinion as I don't want to get charged after I gamble, it's always better to charge me while I am still playing.

All the games which are player vs. player, the gambling site has less profit from those games because in those games one player loses the money while the other player wins but the casino does not get anything expect the fee they charge in conducting the game. There may be different forms and names for that fee. In poker, they term it as rake.

Also, in this case, the casino also does not lose anything if a player wins. So this point should also be taken into consideration. The rake (fee) may be less but it is sure shot profit.



This is the new global definition to include everything in the casino site, so people do not move to other sites to play/bet on anything which is not available on the current site. I wonder if these sites will include more features like limited trading (Options trading) etc to attract more people towards their sites.

The fee in every game was the benefit of the casino in the game,because if both player had deposit the amount of 10 dollars each,So the winner will get the maximum of 15 dollars.So the five dollar in the game was the profit for the casino.So manage of the game was the big task for the gambling site.So the casino will earn huge money,since 500+ types of the game in the gambling site.The gambling site will get some dollars in each on every game.If the gambling site had got 10 dollars from one game per day,So in 500 game the gambling site can make easily of 5000 dollars per day.

The dice was the favourite one for most of the gambler,because it won’t need any special knowledge for the game.The poker player won’t play the dice game and dice player won’t play the poker mostly.The reason behind was the player need more knowledge about the poker to get avoid of the loss.Every card was the important in the game,Don’t lose your hope in the game,because hope will make you win in some day.Poker game will give you more win compared to the dice and slot game in the gambling.

Why do we need to discuss this? Only because of the other topic?

Online casinos and land based casino all have a rake man. It's a % of the money that all the players put in the pot, usually capped at a certain amount. If you have a fast paced game, fast dealer, and players that make quick decisions you can see a table play 35-45 hands per hour. Casinos around me have a max rake of $6 per hand, so if a casino had an average of 35-45 hands per hour that were all capped rake, you would see $210-$270 per table and most pokerrooms have minimum 15 tables going.

It's mostly rake, isn't it? I haven't experienced an hourly charge (well at least in the past before) so it's a rather new thing for me. I reckon they'd profit off of it more plus players can much more easily leave the game whenever they want without wasting any money in scenarios where fees are charged by the hour.

But they are a business? A business where entertainment is being offered so naturally they have some sort of form or method to earn profit. House Edge is the number one example of that. In addition, it's more of a quantity thing rather than a quality thing. They offer their services to a huge number of users instead to a small amount of rich users so even if you consider how one single game, in this instance poker, only generates a small amount, in the entire day it can be rather substantial if we assume that it's always filled with players.

The question you are trying to ask in this discussion is quite interesting. Basically a casino is a place of entertainment, but thanks to the question you asked, it seems like this can change my thinking that a casino is a business that needs to make money from its customers to be able to make a profit.

And if we talk about the profits obtained by the casino as a provider of gambling facilities, it is quite large and this is also comparable to the taxes that must be paid so that the casino's operating license can continue. However, if you look at the type of poker game, the profits obtained by the casino are not that big compared to other types of games. Because the profit they get from the game is only from renting tables, exchanging chips and from a tournament if the casino organizes it to keep it full of visitors.

I guess it's good to make a list on which casinos charges their customers with a fixed fee and then with an hourly stay for most of their poker players.

It's said that they're making more money with the fees, so the more players are there playing poker together then they're raking more profit through it. And with those poker websites that has lesser players, it means lesser income also to them and that's why there have been a lot of solid marketing being imposed to many gamblers just for them to try poker or try the platform itself for known poker players and offers interesting promos for them just to be retained.

Probably its more about the fees that they are imposing since poker players are being treated well and of course the casinos will not offer a game that they will not benefit. Let’s not make this as our problem, we all know that the casinos will always win and for sure since there’s a lot of poker tables in casinos, they are making a lot of money from this too, I just don’t know how but I’m sure there’s still profit from it.

Every casino certainly provides tables for its players, so the more full the tables are, the more profits the casino can make. And this is what requires casinos to continue to carry out promotions and sometimes they also hold tournaments so they can keep the tables full of poker players. Apart from that, casinos can also gain benefits by using chips as a medium used for betting in every game, including poker.
And indeed, when compared to other games, poker games are not very profitable for a casino, so this is what encourages every casino to provide other games that can provide more profits.

You are right, personally, whether poker or any other game, I can never play a game where the casino will charge me for every hour I spend playing the game, it makes absolutely no sense and feels very unprofessional to charge players in such a manner, regardless of the outcome of the players games, whether he or she is winning or losing, and also knowing that during withdrawals, the player will still have to pay withdrawal fees.

I have never played poker before though, both offline and online poker, so I do not know how the fee structure is, but the sure thing is, its better for the casino to set a flat fee for players, rather than charge a player every hour. such structure can discourage players from such game.

I'm pretty sure they don't cheat at all, because big casinos earn so much from these rakes that they don't have to risk their reputation trying to cheat you
That said, I feel the same about playing against the house, which is why I always play live poker which feels more normal and more real.
Also this is probably the most popular live game along blackjack. If you want to play against the house without live dealers, there's pretty much every other casino game to choose from.

If you think about Poker on any casino, it's like those passive generating income to them as each game doesn't last long and then earn with each game whether the players lose or win. Since, poker isn't player vs casino but rather a player vs player type of game so it's always a win for the casino.

I'm not sure about casino charging by the hour as I've never experienced or visited local casinos that offer these charges based of time of gameplay.

Poker is different than games like dice/slots where the player bets against the house while in poker it's mostly between versus another player so the house doesn't lose anything but charges some amount from the winnings which vary from one casino to another and compared to other games casinos probably make less money on poker. However, poker players most likely play big hands compared to other games so it may compensate for the difference.

Nowadays, casinos include as many games as possible on their platform so the users don't have to look for other platforms when they want to bet on another game.

House always wins, even when it is about playing against other and not against it
That is one of the reasons I personally would prefer to make poker a social activity, gather with friends , some drinks and open a new pack of cards. Face to face, PvP, no house to pay fees to.

Though, I understand it is not so easy for all of us to get in touch and plan occasions like those and with the frequency we wish, thrus why online poker is so popular and will remain profitable for the house.

Yeah and this is one of the games the casinos absolutely kill in.  They never lose just take a piece of every pot.  The problem is it takes up a ton of floor space and only make decent money at the larger tables.  The 1-2 no limit tables not that much per hour.  Having poker available allows more customers in so it's a win win for them.

I thought you would go into more detail about the types of Rake in poker, but since you didn't, I'll go into these details because the rake in poker is not the same in all casinos. It depends on what you play, where you play and how much the casino charges and it is important to know the different types of poker rake.

Pot rake
The most common form of rake in cash games is the pot rake, already detailed above. It corresponds to a fixed % of the pot and is usually limited to an announced amount. Most commonly, the rake will be calculated at the end of the match, just before the pot is awarded to the winner of the hand.

Dead drop
The equivalent of the pre-button bet in tournaments, a 'dead drop' is a fee paid each hand by the player in that position that is placed on the button before the hand begins.

Fixed commission
A fixed amount that is paid each hand and does not change based on pot size or any other factor.

Timed Collection
Also known as a “table charge”, instead of charging a pot fee, a fixed amount is paid by each player at the table, typically collected in 30-minute intervals.

Tournament Fees
Part of the buy-in for a tournament consists of a fee that is collected by its operator. For example, if you pay $55 to enter a tournament, $50 will go towards the prize pool and $5 will be retained by the operator as a rake fee.

No rake
Occasionally there may be game(s) where no rake is charged.

A rake in gambling is the part that goes home every time a player wins a real money bet. A high rake can affect your gaming decision by lowering your expected value this clearly indicates that poker games depend on the game as to who will win because they are already guaranteed to be taken. Most casinos have a cap on how much rake they can take from the pot tournament poker and slot games are common players compete for top prizes by playing with chips. Casinos usually reward the top three players who accumulate the most points although some may consider the. That's why the card chips have no financial value for the casino despite the extra fees charged in online gambling.

Depends on the rules. It could be a rake on each hand or a percentage on the whole pot. In Filipino, we call this "Tong" for each hand.
https://tagalog.pinoydictionary.com/word/tong/
There's kind of a mistake in how it is defined because in card games like "TongIts" we pay the "tong" on each hand or if the whole pot is taken by a winner either it's low or high amount, the same payment will be given. That's how poker room owners also take their profit from players which is actually better in my opinion as a gambler because at least we are not playing against the house but more like renting the space of the house for the equipment, table, and of course the dealer.
I don't know how they do it online though as I have not tried it yet but I believe it will just be the same especially because they are not using any equipment anymore.

Its either the Rake or the hourly fee that the casino earns from. I guess the live events bring in a lot of public to the arena and those which get streamed on the air make a lot from the advertisements and the footfall. For the online casinos the first option is better.

Slots and other EV- games are easier for the casinos to make money from because of the gamblers who are addicted to it will keep on playing and the house edge will continue to milk out the money. EV+ games like poker always need more ground work and stage prep from the casino's side.

Simply put, the casinos do make a profit out of poker too, otherwise they would not be running it.

The casino wants to profit from the poker games in its casino. And I agree that there are many poker players or fans. Hence, the casinos think that if they can add more types of gambling games, especially those with a lot of fans, it will benefit the casinos. Moreover, not many gamblers can win at every gambling game in the casino. So having poker games in casinos will increase the amount of casino profits even though we don't know exactly how the casinos will take advantage of every gambling game in the casino, especially profits from poker games.

Casinos charges certain amount of money for hosting the game and this is named rake, the rake poker can be taken in different ways depending on the type of games use chose to play and that's where the pot rake comes in, there is rake taken out of the majority of pots, regardless of whether it's Hold'em poker or another game, I think this question is bet answered as offline poker games and I don't see the needs to discuss this.

I am not a huge fan of poker games but I believe this game is way better playing offline, it makes more sense playing offline and its a different type of game that stands on its own compared to other gambling games online, I just don't want to be so in to the game, I like roulette and other over poker and now I am thinking maybe I am missing the fun part of a poker game I don't just know.

Casinos make money in two ways 1. Fee they charge or every game, 2. When the player loses and Dealer wins.
So i was talking about online casinos that it is not possible to win in online poker games even a professional poker player cannot win. Because they may trying fraudulent tactics and automatic games or games which are played on machines you know never been beaten by a human.
I just taken an example that the question fits perfect in POV of offline casinos, I am not telling that all the online casinos or game providers are fraud.

you are probably talking about Video poker(which is a gambler vs the house), which is very different to the poker OP is talking about(which is PvP). you should check the link the OP shared if you want more information.

rules can vary from gambling site to gambling site but as far as I know, freeroll poker is used as a promotional/advertisement to attract gamblers, they don't usually earn anything from it and their usual goal for tournaments like this is to get exposure and perhaps get new gamblers and increase the gambling site's player base.

Rake can vary a lot from casino to casino and also among different poker games. When it comes to poker there are a lot of different variants these days and the game is constantly evolving. Anybody that is playing poker regularly should have a close eye on the rake as it can take a lot of money from our profits. For example there are now some Allin or Fold games, where you sit with 3 people at the table and you either go Allin or fold. You spam a lot of games like that in a short amount of time and pay a lot on rake. These rake traps are very profitable for casinos and they will try to get you in these type of games with bonuses. Then there is the rake back features for regular poker players. In most casinos you can qualify for some extra bonuses or free sitngo games after playing for a certain amount each week. That's why I can make sense to stick to one casino and not gamble at multiple ones.

Anyone knows what’s the rule on the freeroll poker table? Is there still a rakeback on this kind of tournament or none. I knew that players is just playing with chips that is not valued as fiat currency since there’s a prize pool on this tournament but does their chips as is every round or they pay rake fees using chips until it reduce consistently while playing longer?

it is the same form of profit they would have with the betting exchange.
Either you lose or you win they take a fixed percentage from your bet. I personally find it one of the best (transparent) methods to tax the game and guarantee a profit for the platform.

In any case they could also earn from the "sale of chips", "sale of tickets for tournaments", merchandising and other initiatives...

What kind of poker you are referring to? If you are talking about video poker which is a poker played between players against the house, for sure house edge and losing bet from players are the one that makes the casino earn money. But I think this topic is about PVP poker such as texas holdem player where the casino has no ways to earn money from losing players unless the casino is scam where they have staff who play against real player and they have can see all the cards every single round.

Even though if we agree that casinos earn very little money in PVP Poker as compared to the other casino games or sports betting, still casino sites are keen to have poker available on their site. This is because there are many poker fans out there, and when they visit any online site to play poker, it obviously increases the chances that they will also play other casino games on that site.
If the casino does not have poker, this means that they will lose the gamblers who want to play poker. So including poker in gambling sites often means getting the customers to the gambling sites.

This applies in online poker too. I believe you are pertaining on a poker that is not PVP which typically offered by evolution gaming which user bet against the house in the form of first person mode or betting on odds. This not the original poker which the subject of this thread discussing.

Online poker table like Betnomi before charge rake on every round.

A huge part of it is also exposure to other games and the possibility that people will start playing those aswell. It also increases the possibility that they migth come back at a later date. I personally would also prefer a set fee and not an hourly fee (to be honest i havent even heard of that before)

It's just like a sport betting, in online gambling they will charge fixed rate in order to make the gambler not feel if the casino charge hidden fee. If they charge a hourly fee, it might discourage them to play because they feel they need to spend more money, another thing is they charge additional fee during withdrawal.

this question apply to offline casinos not online casinos because i am something skeptical about them that they cheat or have high odds,
Talking about offline casinos, not every player is a pro poker player for casino to fear about them, many people play for fun and they are not very experienced poker players, it is easy for casinos to defeat them,
which earn them money in other way after fee or rake they collect from players.

I think you already read Lets discuss Poker and now it's time to know how does casino make money on Poker. Also we know that Casino favors the slots games more than the Poker because the profit percentage at the slots games is more for the casino as compare to the poker.



Source

It is basically the Rake (a sort of a fee) which casino takes for every poker games we play at thier platform. The Rake is usually fixed for the game but some casinos, will not take the rake, but will charge an hourly fee from the poker players. Its always better to know what type of rake/fee the casino will charge for playing poker.