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Old 08-15-2005, 04:19 AM
Python49 Python49 is offline
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Join Date: May 2005
Posts: 401
Default Re: Where does the money come from?

Interesting topic to me because I probably have about 15-20 real life friends who have ALL played poker online and lost money. I used to be a part of this mold before I started winning I had lost two $50 deposits and quit and bought into the general consensus that online poker was rigged. Then I did my homework and came back with a vengeance. I can tell you first hand that there are ALOT of college kids out there who think they are GODS GIFT TO POKER.

Like i said, i personally know in real life about 15-20 players who HONESTLY believe they are great players but all have lost money online. Why do they believe they're great? Because ofcourse every other night they take down the big $5 tournament at a buddy's house. None of them really are winning they're just switching their money around every now and then and when they win they attribute it to being good players.

I personally know of a guy who lost his life savings online. He is not some rich business man, he was a college guy 21 years old, lost his life savings online because he had no self control. He lost about 12,000. I've got another friend who whole heartedly believes that he is a GREAT player and that whenever he loses online its because of "bull sh*t and suck outs". He has been playing on and off for about a year now with just $50 deposits and is probably down about 6,000. He borrows from people to play, ends up owing his girlfriend and friends money, and spent the summer working to pay it off. Each time he goes broke he says he's quitting for good but a month or so later comes back to the game, runs hot for a bit and thinks he's "figured it out".. only to lose again.

Another friend of mine plays every day and drinks all day while playing, it's pretty sad really. They all constantly msg me about bad beats they took and the reason why they can't win but none of them have any idea they're chasing after something they can't catch. The question was what type of people out there are losing money online? Well I see them with my own eyes every day at school. They think they're good, they try out online.. take some bad beats and think eventually they'll win... end up running hot then going bust.

They hear about my success and think "hey i've beaten this guy heads up in our tournaments before (lucky suck outs) and he's winning then ofcourse I can too!". And these are just college kids my age who don't have money so you can imagine the full grown adults with money to burn.
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