- Betcoin has reduced its rake to bring it exactly into line with Bitcoin only competitor Seals with Clubs.
- The 2.5% rake makes Bitcoin sites some of the cheapest places to play poker online.
Following player complaints, bitcoin-only online poker site Betcoin has released new rake tables that reduce the rake charged for cash games.
The new rates establish cash game rake at 2.5% for standard tables—for Heads Up tables at stakes above 0.25/0.50 the rake is lower at 1.3%.
The Bitcoin sites can now stake their claim to being some of the cheapest places to play online poker.
The rake at dot-com poker rooms is around 5%, although typically it is higher at the micro-stakes cash games.
The most significant exception is PokerStars which has lower rake at the micro-stakes tables and an increased rate at which VIP points are earned.
State Monopolies Charge Less
Finland’s Ray.Fi charges 3%, and has a low cap of €2 on most games—€1 at the lowest stakes. The cap is the maximum that can be taken from any individual pot, and has a big impact on the total amount of rake payers play.
In neighboring Sweden, Svenska Spel charges around the same as the Bitcoin sites, 2.5%.
Segregated Markets Cost More
On its PokerStars.com, the rake at 1c/2c is 3.5% with a 30c cap. On the French regulated site the rake at the same stakes in Euros is 6% with a €2 cap.