Re: At Party: January 2005 sign-ups, less than 30% still play there(+
 

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'A couple of thousand expert poker players are winning loads of money from the thousands who are just not very good at it,' says Greg Feehely, leisure analyst at Altium Securities. 'They will wise up and go and put their money on the horses or play an online casino game.'

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LOL - since when was betting on ponies and/or casino games "wising up?" Why should a habitual -EV bettor care if they transfer their wealth to a 2+2'er versus the operator of an online casino?

Re: At Party: January 2005 sign-ups, less than 30% still play there(+
 

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Yes, this is what the wise will do I'm sure. They'll have much more fun losing their money on huge -EV games like that.

Then of course, they'll have to come back to poker where they can at least use their own personal skill to determine their results.

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There is a fine point that many people still don't get. When a guy plays a casino game online, he is at -EV, but he doesn't have eight tables of that -EV attacking him at once.

When you have thousands of proficient poker players playing four to eight tables each, the money is sucked out of the bad players at an extremely fast rate.

As the data from this article indicates, there aren't enough bad players entering the game to offset the proficient multitabling players.

Re: At Party: January 2005 sign-ups, less than 30% still play there(+
 

[ QUOTE ]
'A couple of thousand expert poker players are winning loads of money from the thousands who are just not very good at it,' says Greg Feehely, leisure analyst at Altium Securities. 'They will wise up and go and put their money on the horses or play an online casino game.'

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What difference is this analyst actually suggesting exists between online poker and other forms of online betting?

Assuming what this analyst says is true about the "long-run," this is certainly not true about the short run, as anyone who has had downswings while infrequent players win at the table can attest.

I could put it like this:

'A couple of HUNDRED CASINOS are winning loads of money from the thousands who play, whether they are good or not at it,' so should have said Greg Feehely, leisure analyst at Altium Securities. 'They will wise up and go and put their money on ???????.'

Re: At Party: January 2005 sign-ups, less than 30% still play there(+
 

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There is a fine point that many people still don't get. When a guy plays a casino game online, he is at -EV, but he doesn't have eight tables of that -EV attacking him at once.


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Rarely will an infrequent casual player play 2+ tables, let alone the eight you've conjured up for your example.

To further devalue your comparison, at any casino game, casual players often kelly-bet or increase their bets at a whim. Thus, potentially losing money at an exponentially faster rate than flat-betting.

Re: At Party: January 2005 sign-ups, less than 30% still play there(+
 

Maybe the DOOM SWITCH that poker sites are mandated to have costs too much money, so the blackjack and slots sites will do better?

Re: At Party: January 2005 sign-ups, less than 30% still play there(+
 

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Rarely will an infrequent casual player play 2+ tables, let alone the eight you've conjured up for your example.

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I wasn't talking about the infrequent casual player playing eight tables.

Re: At Party: January 2005 sign-ups, less than 30% still play there(+
 

When an IPO is floated, it means the greedy are getting greedier. As a player, I don't need Party to grow - I need it to stay as is. If idiots choose to gamble on the stock market, that's their problem - they're actually bigger suckers than the fish.
With the price of gas going up people are going to be staying home and we can expect online gaming to boom.
I have over a million hands in my Pokertracker and one statistic never changes: 40% winners, 60% losers more or less. And that's why limit poker is so enticing.

Re: At Party: January 2005 sign-ups, less than 30% still play there(+
 

[ QUOTE ]
'A couple of thousand expert poker players are winning loads of money from the thousands who are just not very good at it,' says Greg Feehely, leisure analyst at Altium Securities. 'They will wise up and go and put their money on the horses or play an online casino game.'

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the bolded part is very false and misleading

Re: At Party: January 2005 sign-ups, less than 30% still play there(+
 

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I've been saying this for months.

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I've been saying this for years.

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I've been saying "Duh!"

Re: At Party: January 2005 sign-ups, less than 30% still play there(+more
 

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But PartyGaming's own figures show how hard it is to keep the punters interested: its results show that fewer than three in every 10 of the customers it signed in January are still around in June. Analysts think the attrition rate could get worse still ...

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Has their been any previous data that suggests the attrition rate used to be lower than 70%/6 months.

30% of new players surviving 6 months doesn't sound bad.


chez