Raking in More than you should?

unknown_username

15k Primo Entry £50+£5 =£55.00

Primo Satelite £11+£1.00=£12.00

Primo Sats have a 1 in 5 entry - that means entry into the primo is £55.00 + £5.00 rake, whereas direct entry is only £50.00 + £5.00 rake.

Why is the entry fee £50.00 + £5.00 rake for direct entry - but £55.00 + £5.00 rake for satelite entry?

Surely for satelites it should be £10.00 + £1.00 Rake (1 in 5)

debdobs_67

Pretty sure we had a very similar thread last week pointing this out trev,xxx

BelovedLtd

So you're saying they should just put the satellites on for free?

acebarry10

In Response to Re: Raking in More than you should?:

Pretty sure we had a very similar thread last week pointing this out trev,xxx
Posted by debdobs_67

Yup, there was

silver8ack

In Response to Re: Raking in More than you should?:

So you're saying they should just put the satellites on for free?
Posted by BelovedLtd

no i think trev is just saying it should be £10+£1 to make it right

acebarry10

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : no i think trev is just saying it should be £10+£1 to make it right
Posted by silver8ack

The thread is here

unknown_username

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : no i think trev is just saying it should be £10+£1 to make it right
Posted by silver8ack

Your right - it should be £10.00 + £1.00

unknown_username

In Response to Re: Raking in More than you should?:

So you're saying they should just put the satellites on for free?
Posted by BelovedLtd

Not sure how you work this out Beloved - its £50.00 Direct + £5.00 which is £55.00

Yet the sats are £11.00 + £1.00 which is £60.00

darich

Hi Trev,

Don't take this the wrong way, but I'd happily give you a pound not to read another of these threads ;-)

GREGHOGG

They can rake satellites Trev, its not illegal

unknown_username

In Response to Re: Raking in More than you should?:

They can rake satellites Trev, its not illegal
Posted by GREGHOGG

Geeze I give up greg - £55 for a direct entry or £60 for a satelite entry - why is the entry fee more?   Simples

loonytoons

Its like the quarters are £2.64 1 in 5 for the £12 entry, they are just charging 10% rake for running each mtt, if you owned a business and you charged for delivery and 1 customer ordered 1 product each day (7 deliveries) and another ordered 7 products once a week (one delivery), who is gonna be charged more?

unknown_username

In Response to Re: Raking in More than you should?:

Its like the quarters are £2.64 1 in 5 for the £12 entry, they are just charging 10% rake for running each mtt, if you owned a business and you charged for delivery and 1 customer ordered 1 product each day (7 deliveries) and another ordered 7 products once a week (one delivery), who is gonna be charged more?
Posted by loonytoons

This is where your getting confused - thay are charging £11.00 with an additional £1 (1 in 5) which is not a 10% rake.

So if your theory is correct, they should be charging £10.00 + 10% = £11.00

GREGHOGG

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : Geeze I give up greg - £55 for a direct entry or £60 for a satelite entry - why is the entry fee more?   Simples
Posted by POKERTREV

its not £60 for a satellite entry its £12.

nice analogy mr loony, making me hungry lol

GREGHOGG

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : This is where your getting confused - thay are charging £11.00 with an additional £1 (1 in 5) which is not a 10% rake
Posted by POKERTREV

No it is not a 10% rake it is better than 10%. (8.93%) They could charge us £1.10 rake on an 11 quid entry, i wouldnt complain, or next week the primo semi finals will be £12.10
 

unknown_username

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : its not £60 for a satellite entry its £12. nice analogy mr loony, making me hungry lol
Posted by GREGHOGG

But its 1 in 5 which equates to £60.00

GREGHOGG

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : This is where your getting confused - thay are charging £11.00 with an additional £1 (1 in 5) which is not a 10% rake. So if your theory is correct, they should be charging £10.00 + 10% = £11.00
Posted by POKERTREV

NO!

Because a primo entry costs £55 total (£50 +5), and a £10 (+1) buy in (5 QUALIFY) would only cover £50 (£10 X5) so it wouldn't be enough for an entry!

unknown_username

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : No it is not a 10% rake it is better than 10%. (8.93%) They could charge us £1.10 rake on an 11 quid entry, i wouldnt complain, or next week the primo semi finals will be £12.10  
Posted by GREGHOGG

My point is greg - they should be charging £10.00 + £1.00 which is equivalent to the entry fee.

GREGHOGG

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : But its 1 in 5 which equates to £60.00
Posted by POKERTREV

no because you take off the rake of £1 per player. 5 players= £5 total

£60 - £5 is £55= a seat.

GREGHOGG

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : My point is greg - they should be charging £10.00 + £1.00 which is equivalent to the entry fee.
Posted by POKERTREV

that means they wouldn't be charging a rake for the satellite which they are entitled to do so!

you are basically saying that they shouldn't rake satellites. I got it.

unknown_username

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : NO! Because a primo entry costs £55 total (£50 +5), and a £10 (+1) buy in (5 QUALIFY) would only cover £50 (£10 X5) so it wouldn't be enough for an entry!
Posted by GREGHOGG

No Greg - The Sat is £11.00 + £1.00 (Not £10 + £1)

yb

You don't understand pokertrev.

If they charged £11 they would be putting the satellite on for free, as 5 x £11 = £55 which is the cost of the primo for buying in directly. So they wouldn't get any rake from the satellites that way. Sky has always charged rake for primo sats so not sure why you suddenly just noticed?

mr_mbro

Its quite simple, they are a buisness and therefore will charge for playing all tourneys, except freerolls, so on that basis the cost of any satelitte has to cover the cost of the rake of the satellite and the full cost including the rake of the main event.
We have to remember they do this to make money and offer many players the chance to get into the more expensive tourneys at a fraction of the full cost. If you want a smaller percentage of rake then buy in for the full amount, not that makes sense really.

col

GREGHOGG

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : No Greg - The Sat is £11.00 + £1.00 (Not £10 + £1)
Posted by POKERTREV

Im gonna give up soon...

I know the sat is £12.

I know the primo is £55

I know that £12 X 5 is £60.

So the difference of £5 between £60 and £55 is £1 RAKE per person for the £12 sat. So it is £11 +1. This is correct.

If they charged £11 total for the sat (£10+1) this X 5 would be £55. This covers the rake and entry for Primo itself, but it would mean that no rake is charged on the sat itself.

They are entitled to charge rake on any mtt including satellites of up to 10%. In this case they could charge £1.10 rake on the £11 fee But, they only charge £1 rake which is 8.93% which brings it up to £12.

The end...

GREGHOGG

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : But the entry fee of £55.00 includes the rake of £5.00 - Thats why it says £50 + £5 =£55.00 Where as the sats are £11 + £1.00 = £60.00 So 1 in 5 equals £55 entry + £5 Rake (Not £50 + £5 Rake)
Posted by POKERTREV

THERE IS A CHARGE OF £1 TO PLAY THE SATELLITE.  This £1 is not to cover the rake in the PRIMO, it is the cost of playing the satellite.

unknown_username

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : Im gonna give up soon... I know the sat is £12. I know the primo is £55 I know that £12 X 5 is £60. So the difference of £5 between £60 and £55 is £1 RAKE per person for the £12 sat. So it is £11 +1. This is correct. If they charged £11 total for the sat (£10+1) this X 5 would be £55. This covers the rake and entry for Primo itself, but it would mean that no rake is charged on the sat itself. They are entitled to charge rake on any mtt including satellites of up to 10%. In this case they could charge £1.10 rake on the £11 fee But, they only charge £1 rake which is 8.93% which brings it up to £12. The end...
Posted by GREGHOGG

Ahhhh - Nicely put greg - I get where your comin from now.

I'm such a thicko sometimes - sorry for causing you a headache lol

EdiT~ Ps. I deleted my other post when I read your next one and it suddenly dawned on me soz.

GREGHOGG

In Response to Re: Raking in More than you should?:

In Response to Re: Raking in More than you should? : Ahhhh - Nicely put greg - I get where your comin from now. I'm such a thicko sometimes - sorry for causing you a headache lol
Posted by POKERTREV

Phew, i was beginning to doubt myself lol

unknown_username

Cheers Greggers - I can sleep peacefully at last lol

darich

Hallelujah!!!!!  ;-)

darich

Until next week!

unknown_username

In Response to Re: Raking in More than you should?:

Until next week!
Posted by darich

WHY - How much is it next week lol?