How Casino make money on Poker

[virasog]

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.

[cafter]

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.

[Plaguedeath]

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.

[edmundduke]

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.

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.

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)

[Coin_trader]

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.

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.

[noormcs5]

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.

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.

[Bitinity]

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.

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.

[bitbollo]

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...

[Wapfika]

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?

[Mauser]

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.

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.

[acroman08]

this question apply to offline casinos not online casinos because i am something skeptical about them that they cheat or have high odds,

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.

Anyone knows what’s the rule on the freeroll poker table? Is there still a rakeback on this kind of tournament or none.

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.

[cafter]

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.

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.

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.

[Crypt0Gore]

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.

[ethereumhunter]

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.

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.

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.

[TheUltraElite]

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.

[danherbias07]

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.

tong TAGALOG
n. 1. percentage taken by gambling den from a winner; 2. bribe

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.

[Negotiation]

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.

[alegotardo]

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.

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.

[wheelz1200]

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.

[Hispo]

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.