I was looking at some numbers for the rake for the upcoming MLB tournament and cant figure out how they could possibly be raking 15-20% but seems they are.
Its insane…Look at the $3 for MLB $165k moonshot:
$3 entry, they will get 64,700 entries, so total collections of $194,100.
$165,000 in the prizepool (the guarantee).
So that means, $29,100 in rake.
$194,100/29,100 = 15% rake
Thats absurd, what do you all think?
And the payouts are so flat now, almost 30% of the field pays, first place only $5k…totally a rake trap IMO, too bad
Or am I wrong? Looking at it wrong?