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    All Forums | Poker

    Off Topic - For Buisness Minded People (who know poker)

    edavis
    KVEGAS
    forkboy
    RelentlessD
    dillon24
    ...
    Participants:
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    Views: 549
    Posts: 8
     
    edavis
    edavis
    Covers Rehab
    Participation Meter
    Joined: Jan, 2009
    Posts: 81
    Posted: Mar. 25, 2009 - 12:45 AM ET #1

    Let me know what you guys think of this and if you would be interested.

    I currently play poker online on cake poker and have signed up under raketherake.  Raketherake gives me 33% of my total rake each month.  So this got me thinking.  At Cake you can multi table as many tables as you would like. 

    If you play at a .5/1 omaha or holdem table the average rake is .50 a hand.  You see approximently 60 hand an hour.  So the total rake an hour would be 30 dollars.  Now, lets say do this at ten tables.  You will have a total rake of $300.  So from raketherake you see 33% of 300 which is $99.

    Now, lets say you never play a hand you always fold.  Every 10 hands you lose $1.50.  You see 60 hands an hour so you lose 9 dollars an hour. Times this by your ten tables, you lose $90. Therfore, you make a 9 dollar profit an hour.  Not worth your time right?

    Well, i contatced cake and they said this would be fine since your just folding your hands ( i can forward you the email for proof).  So i am in the process on making a bot that will fold your hands for you.  Because if you leave this bot running for 12 hrs. a day, you male a profit of $108 a day.  DO this for one year straight, 365 days, you make $39,420 a year for just having a program run. 

    The only downside is the intial deposit into you account, since you will just be losing this money at first.

    But, let me know what you guys think and if your interested in something like this.  Thanks guys.
    Reply
    To remove first post, remove entire topic.
    Let me know what you guys think of this and if you would be interested.

    I currently play poker online on cake poker and have signed up under raketherake.  Raketherake gives me 33% of my total rake each month.  So this got me thinking.  At Cake you can multi table as many tables as you would like. 

    If you play at a .5/1 omaha or holdem table the average rake is .50 a hand.  You see approximently 60 hand an hour.  So the total rake an hour would be 30 dollars.  Now, lets say do this at ten tables.  You will have a total rake of $300.  So from raketherake you see 33% of 300 which is $99.

    Now, lets say you never play a hand you always fold.  Every 10 hands you lose $1.50.  You see 60 hands an hour so you lose 9 dollars an hour. Times this by your ten tables, you lose $90. Therfore, you make a 9 dollar profit an hour.  Not worth your time right?

    Well, i contatced cake and they said this would be fine since your just folding your hands ( i can forward you the email for proof).  So i am in the process on making a bot that will fold your hands for you.  Because if you leave this bot running for 12 hrs. a day, you male a profit of $108 a day.  DO this for one year straight, 365 days, you make $39,420 a year for just having a program run. 

    The only downside is the intial deposit into you account, since you will just be losing this money at first.

    But, let me know what you guys think and if your interested in something like this.  Thanks guys.
     
    KVEGAS
    KVEGAS
    Captain
    Participation Meter
    Joined: Aug, 2007
    Posts: 6810
    Posted: Mar. 25, 2009 - 12:55 AM ET #2

    BRO, YOU CAN DO THIS IF YOU LIKE, YOU CAN ALSO SELL COKE, BUT WHATS THE DOWNSIDE, GETTING CAUGHT, FEEL ME? WHICH YOU WILL..NOTHINGS AS EASY AS IT SOUNDS, STAY OUTTA TROUBLE, AND HOPEFULLY YOU WON'T END UP IN THE PENALTY BOX FOR THIS..
    SELECTIVENESS=SUCCESS
    Reply
    BRO, YOU CAN DO THIS IF YOU LIKE, YOU CAN ALSO SELL COKE, BUT WHATS THE DOWNSIDE, GETTING CAUGHT, FEEL ME? WHICH YOU WILL..NOTHINGS AS EASY AS IT SOUNDS, STAY OUTTA TROUBLE, AND HOPEFULLY YOU WON'T END UP IN THE PENALTY BOX FOR THIS..
     
    edavis
    edavis
    Covers Rehab
    Participation Meter
    Joined: Jan, 2009
    Posts: 81
    Posted: Mar. 25, 2009 - 12:58 AM ET #3

    get caught?  and how would i get in trouble?
    Reply
    get caught?  and how would i get in trouble?
     
    forkboy
    forkboy
    Captain
    Participation Meter
    Joined: Apr, 2003
    Posts: 5320
    Posted: Mar. 25, 2009 - 4:22 PM ET #4

    Quote Originally Posted by edavis:

     

    Raketherake gives me 33% of my total rake each month. 

    If you are seeing 60 hands an hour but folding the blinds you are only contributing to 12 hands (rakes) in an hour (2 times every 10 hands).  At an average rake of $0.50, your total rake in an hour is $6.00, as I am sure they only give you back %33 of the rakes you contributed to.  So 33% of $6.00 is $1.98 and you are folding $9.00 worth, so you are losing $7.02 an hour. 

    Reply
    Quote Originally Posted by edavis:

     

    Raketherake gives me 33% of my total rake each month. 

    If you are seeing 60 hands an hour but folding the blinds you are only contributing to 12 hands (rakes) in an hour (2 times every 10 hands).  At an average rake of $0.50, your total rake in an hour is $6.00, as I am sure they only give you back %33 of the rakes you contributed to.  So 33% of $6.00 is $1.98 and you are folding $9.00 worth, so you are losing $7.02 an hour. 

     
    RelentlessD
    RelentlessD
    Prospect
    Participation Meter
    Joined: Jul, 2005
    Posts: 329
    Posted: Mar. 25, 2009 - 6:38 PM ET #5

    your mind is not very well suited for business, lol.
    Reply
    your mind is not very well suited for business, lol.
     
    dillon24
    dillon24
    Captain
    Participation Meter
    Joined: Sep, 2008
    Posts: 9210
    Posted: Mar. 25, 2009 - 7:38 PM ET #6

    you only get the rakeback if you're in the hand right?
    Reply
    you only get the rakeback if you're in the hand right?
     
    Sharkysden
    Sharkysden
    Veteran
    Participation Meter
    Joined: Sep, 2003
    Posts: 3722
    Posted: Mar. 26, 2009 - 6:02 PM ET #7

    so when they discover your bot you lose all the money in your account.  
    Reply
    so when they discover your bot you lose all the money in your account.  
     
     
    Iw1nBets
    Iw1nBets
    Legend
    Participation Meter
    Joined: Oct, 2008
    Posts: 58493
    Posted: Mar. 27, 2009 - 6:44 AM ET #8

    Reply
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