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Table Stakes / Overview
Five seats, one fee

The table is the product

Poker looks like a card game and behaves like a market with an entrance fee. A forced blind starts the action, position decides who acts last, a fee leaves every pot before anyone is paid, and the cards decide the rest. Understand those four things and the game stops being mysterious — including the parts that are not in your favour.

Seat 01

Hand 01A table is not a bet against the house

A casino table game is a wager against the house: you take a bet, the house takes the other side, and the rules are written so that the house is ahead on average. Poker removes that relationship. You are playing the other people in the seats, and the room is paid a fee for dealing the game rather than for winning it. Its revenue is largely independent of who wins any hand, which is the single most important structural fact about the product.

The second fact follows from the first. Because a fee leaves the table on the way to the winner, the money available to players as a group is already less than the money they put in. Everything else — position, hand reading, bet sizing, game selection — happens inside that arithmetic. It is not a skill gap that can be closed; it is the funding model.

  • Forced blinds
  • Position
  • A pot per hand
  • A fee out of the pot
  • A published structure
  • Cards nobody controls
Seat 02

Hand 02The four stages every hand runs through

Every hand, in every variant and every stake, runs the same four stages in the same order. Two of them are structural decisions made before you sit down, and two are yours to act on.

Money flow through a raked cash game Buy-ins from players enter the table, a fee leaves each pot for the room, and the remainder is paid to winners PLAYERS buy-ins in THE TABLE every pot is dealt here blinds + bets + raises WINNERS PAID pot minus the fee THE FEE, TAKEN FIRST A chip taken out of every pot leaves before any winner is paid. The arrows never return to the table.
Figure 1: where the money goes in a raked cash game — buy-ins enter the table, a fee leaves every pot for the room, and the remainder is paid to the winner.
Stage 1 — the blind
Money enters the pot before any card is seen, from players who did not choose to put it there. That forced entry is what makes the game playable, and it is also why the players in the blinds are playing a different game from everyone else at the table. See cash games.
Stage 2 — the position
Who acts first and who acts last. Acting last means seeing what everyone else does before deciding, and it is worth more than the two cards in front of you. The button is the most valuable seat at the table for exactly this reason. See cash games.
Stage 3 — the decision
Fold, call or raise, on each street, with the price set by the pot and the bet. This is the stage where pot odds, ranges and expected value live. See pot odds.
Stage 4 — the fee
The share the room takes out of the pot before it is paid, disclosed in its schedule and usually subject to a cap. It is why the average player is behind on arrival. See the rake.
Seat 03

Hand 03Read the seats before you read the cards

The panel at the top of this page is the whole table compressed into five seats. Two of them are involuntary — the blinds that fund the pot — and three are choices about who has to act before you do. Position is the one advantage at a table that no card can take away, and it is the reason the same two cards are worth playing from one seat and folding from another.

Seat 01What does the blind force? A player with money already in the pot has a better price on the first decision than anyone else. See cash games.
Seat 02Who must act first? The big blind acts first on every street after the flop, which is the worst place to be with a marginal hand. See cash games.
Seat 03Who volunteers first? Under the gun, with every other player still to act. The range that profits from here is the tightest at the table. See hand ranking.
Seat 04Who is close to the button? The cut-off acts late enough to open wider, because late position is what makes the wider range work. See pot odds.
Seat 05Who acts last? The button. It carries no forced money and the best information, and it is why watching a player only from the button tells you very little about them. See variance.
Seat 04

Hand 04The honest conclusion about a raked table

Put the stages together and a plain fact appears: a cash game is a transfer between players with a fee removed on the way through. The players who leave with more are paid by the players who leave with less, minus the room's share. Nothing about that is hidden — it is published as a schedule — but it means the useful question is never can I win a hand, which is obviously yes, but what share of players can win over time, and what has to be true for me to be in that share.

That question has an uncomfortable answer in a game where the fee is charged every hand, and a somewhat friendlier one at higher stakes where the cap makes the fee a smaller fraction of a pot. See variance and sample size for why a run of results is such a poor teacher, and false beliefs for the specific ideas that make players misjudge their own numbers.

Stages you control2 of 4the decision and the seat
Who holds the other sideNobodythe room is not your opponent
What funds the roomThe feetaken from every pot
Players behind on arrivalOn average, allby the size of the fee

What this site will not do

It will not recommend a room, a stake, a starting hand or a line of play, and it will not tell you whether you may play where you live. Everything here describes how these games are built and how their arithmetic behaves, so that you can read a room's rules and fee schedule with a clear idea of what you are looking at.

Before you go further

Start where the money is decided

The fee is taken before anyone is paid and the cap decides how it scales with the stake. Both are published before you sit down, so both are worth reading first.

Affiliate disclosure and risk warning

Every affiliate link on this page and in the header is a sponsored link to a partner operator, and we may be paid if you open an account through it, at no extra cost to you. That link pays us; it does not make any game cheaper to play, it does not improve any decision, and it is never a recommendation to play. Nothing on this page is legal, financial or poker advice. 18+ only. Gambling is a real risk of real loss. Every cash game described here takes a fee out of every pot it deals and every tournament keeps a share of every buy-in, so the average player is behind before a single card is dealt, and most players lose money over any meaningful number of hands. No strategy on this site changes that arithmetic; it is the funding model of the game, not a skill gap. Whether poker may be offered where you are, who may play, whether the operator is licensed, what is owed on winnings and whether any arrangement between players is lawful all differ between countries, states and provinces, and they change; a general explanation of how these games are built is not advice on your own position or your own eligibility. Never stake money you cannot afford to lose, never borrow to play, and never chase losses with a larger buy-in. Results are driven by cards nobody controls, and a short run of results tells you almost nothing about the quality of your play. Gambling can cause serious financial harm, including debt and damage to relationships and mental health. Free and confidential support is available in most countries through national gambling-harm helplines, for players and for the people around them.