Update: Chico Network cancels preflop rake
After a short controversy, a representative of the network stated on the 2+2 forums that the 3-bet preflop rake option was activated by mistake, and all players affected will get a refund soon:
The rule has been already changed in all the rooms of the network, back to the original version:
The line "with the exception of 3-bet pots" has been deleted.
The Negreanu way
Any changes in the rake structure have always been and will always affect the winning rate of poker players, and news on this topic has always drawn special attention from the community.
Recently, the US-friendly poker site Chico added a small text in parentheses under the "Rake" section:
If everyone folds to a single raise preflop, no rake is collected (with the exception of 3-bet pots). All pots that see a flop are raked.
Unfortunately, the network took this step without informing its players and partners. The first ones noticed the change and began to question on the 2+2 forums, where the following screenshots were posted:
*It's interesting that the commission, in this case, was 5% (0.32bb from a 6.44bb pot), instead of 5.5% rake as per the network rules. Although this could be a rounding error for the stacks displayed in big blinds.
Consequences for players
Adding a preflop rake, even only in 3-bet pots, will definitely increase the rake paid, which will lead to a decrease in profit. However, it is worth noting that the actual size of the extra rake from an individual player will be a fraction of the total.
How many hands ends with a 3-bet preflop? It's complex to give an exact figure, as it depends on many factors; most like their volume is small.
- Chico Network has the right to optimize its balance sheet at its sole discretion, but the players also have the right to learn about such changes not on forums but from an official press release.
- The network is enjoying increased interest among our players as a site to play against American players, and in terms of traffic is now at the level of 2017. Earlier this year, the network brought back the rake race. Hence, the new rake structure should not radically affect regulars.
How much do you think the new preflop rake will affect your profit?
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