can you guys explain the rakeback formula?
i keep hearing that micros are no beatable because of the rake.
so i am trying to understand it all better and how much i am losing to rake.
how much bb/100 am i losing to rake.
how much rake i paid on every individual hand.
so if the pot is $2.00
1 cent for every 20
the rake would be $0.10
now if i had a rakeback deal for 27% would i get 27% of 0.10
or
27% of the amount of rake i put in as a % of the pot.
so in this simple case with only 2 players, i put 1.00 into the pot which is 50% contributed to the total pot of 2.00
so i would get 27% of the amount i contributed to the pot which is simple in this case to figure out to be 50%.
… i contributed $0.05 of the $0.10 and 27% of 5cents is .0135 so about 1.4 cents.
is my understanding correct on this?
