THE WORLD'S #1 POKER MANUAL - Card Games

Poker Book, Professional and Public Poker
High Stud
and Draw
$ 5-$10
$10-$20
$20-$40
$40-$80
$100+
Table Stakes
Low Stud
and Draw
$ 5-$10
$10-$20
$20-$40
$40-$80
$100+
Professional
Cheating
(estimates)
Little
Some
Considerable
Extensive
Extensive
Extensive
Little
Considerable
Extensive
Extensive
Extensive
Earnings of Best
Professionals *
(with cheating)
$ 5,000
$10,000
$15,000
$20,000
$25,000
$35,000
$10,000
$15,000
$20,000
$30,000
$35,000
Earnings
of
Good
Players
(non
cheating)
$15,000
$20,000
$25,000
$30,000
$30,000
Possible
loss
$20,000
Uncertain
Probable
loss
Probable
loss
Probable
loss
House
Cut +
per
Player
$15,000
$20,000
$25,000
$30,000
$35,000
$35,000
$15,000
$20,000
$30,000
$35,000
$35,000
Earnings of
Good
Players in
Equivalent
Private
Games
$ 40,000+
$ 75,000+
$100,000+
$125,000+
$150,000+
No limit
$ 45,000+
$ 85,000+
$125,000+
$150,000+
$175,000+
* Earnings are estimated for the best professional players observed in Las Vegas. The average professional in Las
Vegas (including house shills who are paid by the casino for starting and maintaining poker games) probably nets
less than $18,000 per year. The net average earnings of all the professional poker players in Las Vegas are
estimated at $18,000 per year per professional player.
+ While most Nevada casinos have a harsh percentage rake averaging about 10 percent, some have a $2-$3
maximum rake per hand for higher-stake games. (For high-stake games, some casinos have a lower-percentage
Gardena-type time collection.) Even with a $2-$3 maximum cut per hand, casinos can remove $1400-$2000 per
day per table, which is $500,000-$700,000 per year per table. Accounting for low-stake games and slack periods,
the average casino poker table extracts an estimated $300,000 per year from its players (see footnote in the
survey of Casino Poker, Table 39). Additional money lost to house dealers in tokes or tips can exceed 10 percent
of the house-cut total.
http://www.neo-tech.com/poker/part6.html (7 of 13)9/17/2004 12:24:17 PM
XXVI
The House Cut