• nicslim

    The Extender (Team RG)

    Hey everyone. We’re about to release an update to our Chrome browser extension for FanDuel that shows rake and overlay in the lobby (props to @nvalencia30 for her work on this). My question to all of you is – how do you calculate rake?

    At first we calculated it as the percentage that the site takes from the total buy ins. For example, a $10 buy in tournament with 100 entries and a $900 prize pool would imply a 10% rake. The site takes $100 (10%) of $1000 in total buy ins.

    However, we received feedback from some testers who thought the rake should be displayed as 11.11% – the amount that the site takes divided by the prize pool ($100/$900) and rounded to two decimal places. You can think of 11.11% as the ROI you would need on your $9 contributed to the prize pool to break even.

    Which percentage would you like to see and why?

    Here’s a preview of the feature:

  • MrFantasy

    I’ve always calculated it as $100 out of $1000 in your example which is 10%.

  • WeTheNorth

    The “correct” rake formula = (Total Buyins – Total Payouts)/Total Payouts. This corresponds with your second formula.

  • Barbarian

    • RG Season Long Champion: NBA

    I guess you can include any of the two percentages as long as you clearly explain how the % is calculated…

    I personally always associated “rake” with the company’s commission as explained in wiki – … ROI to break even is “ROI to break even”… :)

  • edro990

    My perception of rake is the percentage of the buy in $$ the site keeps before turning over the balance to the prize pool. Therefore, in your scenario above, the rake would be 10%.

  • britdevine

    • 2014 StarStreet MLB Playboy Mansion Finalist

    Its 10% here

  • mjordantmac

    • 2016 FanDuel NBA Playboy Mansion Finalist

    10% for me although I’ve seen the other way plenty of times

  • catfish_tx

    As a side note, would it be possible to add a feature to show the percentage of how many positions get paid? # payouts / # entries = cash %

  • L3gOnD

    Their rake is 10%. As a company they wouldn’t say we are making 11.11% on entries, nor is 11.11% of your entry fee going to them. The rake is 10%, as 10% of what you enter goes to the site. If I give you $1, and you take 10 cents and then give me 90 cents back then I lost 10% of my transfer and you took 10% of what I gave you.

  • fadein34

    Another name for rake is takeout. It’s pretty clear to me that the answer is 10%.

    Used in a sentence :-) … The sites are taking out 10% of the fees.

    We’re talking takeout (10%) not implied ROI (11.11%).

  • bringemvaught

  • mattyice522

    But doesn’t that only apply if the contest fills up?

  • UnregisteredUser

  • DCoop328

  • deactivated84892

    Didn’t deserve it’s own topic, but on a similar surface as this one. An add-on that shows what % of people in a contest get paid would be clutch. i.e: This GPP pays 21% of entries, etc.

  • ocdobv

    • 261

      RG Overall Ranking

    • Ranked #25

      RG Tiered Ranking

    • 2021 FanDuel WFBC Finalist

    Show it as $x + $y, where x = amount going to prize pool and y = amount going to rake. Then no one has to be confused by the percentages.

  • xBenJamminx

    • Blogger of the Month

    Good job nick!

  • ihaveareputation

    • 2017 DraftKings FBWC Finalist

    • x3

      2016 DraftKings FBWC Finalist

    10%, and +1 for the percentage of players paid suggestion. Thanks, Nic!

  • nvalencia30

    • x2

      2014 FAFC Finalist

    • 2015 FAWBC Finalist

    An update on the voting totals:
    10% – 10
    11.11% – 2
    Combo layout of the prize pool/rake – 1

    We also had 3 requests to display what % of entrants will cash in a contest. I have had this same idea and hope to get this implemented soon.

    @mattyice522 – Yes. It’s hard to see in the screenshot, but there’s also a FD overlay calculation that can be displayed by total dollar amount or percentage. We’ll be rolling out the overlay extension at the same time as the rake.

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