Re: 20% ITM on all Stars MTT\'s
This is a bold move by pokerstars, and should be considered with Party's elimination of rakeback for their site's players.
As the industry matures, the pokerhouses are going to squeeze the profit out of the system. You, as a player, have very little bargaining power and are a passive participant subject to the changes in the industry. The pokerhouses will ensure loyalty by the bulk of their customers with frequent flier points.
The industry is likely to continue to find ways to extract EV from the better players (for itself), eventually there will be "layoffs" -- many of the better players will not be able to maintain substantial income from playing online.
These are the golden years of poker, and I wouldn't be surprised if one day we said "remember the good old days when the payout structure was only 20% of the field".
My sense is that most players are addicted and insensitive to flatter payout structures even though they will do better (most players).
This is of course a bad sign for poker professionals, and illustrates how industry change can affect you, as opposed to your ability to flip cards.
Probably a good idea to keep that day job.
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