Monthly Archives: April 2013
A Rake Too Far: Optimal Platform Pricing Strategy
Written on April 18, 2013 at 12:13 am, by admin
April 18, 2013: In a casino, the term “rake” refers to the commission that the house earns for operating a poker game. With each hand, a small percentage of the pot is scraped off by the dealer, which in essence becomes the “revenue” for the casino. While casinos use the term “rake,” a plethora of Continue Reading »