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#1
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$215: With all the 17%+ ROI winners, where are the losers coming from?
ZJ, Curtains, Dali, Giga and probably a few others are getting 15%.
Since there are winners, there has to be losers since poker is a zero sum game. How big is the pool of players at the $215's since these players are 8+ tabling? |
#2
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Re: $215: With all the 17%+ ROI winners, where are the losers coming from?
95% of online poker players lose in the long run, do the math
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#3
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Re: $215: With all the 17%+ ROI winners, where are the losers coming from?
In the "long run" we're all dead [img]/images/graemlins/frown.gif[/img]
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#4
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Re: $215: With all the 17%+ ROI winners, where are the losers coming f
[ QUOTE ]
95% of online poker players lose in the long run, do the math [/ QUOTE ] How about YOU do the math. I'd like to see what magical equation gets you this oft bandied stat. |
#5
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Re: $215: With all the 17%+ ROI winners, where are the losers coming f
X: number of winning players in a tournament
Y: number of losing players in a tournament a: average winning player $/tourn b: average losing player $/tourn R: rake $/tourn Yb=Xa+R Make up some (average) numbers for a and b and solve for Y/(X+Y). Did I get this right? I did this on an envelope once and actually got about 90-95% losing for reasonable numbers for a and b. OK, so if I'm not retarded, using +20% ROI for the winning players, -20% for the losing players, and 2/22 for the rake, that gives me 2.5 winning players per tournament. I think -20% might be a little much for the losers, but I wouldn't know. SlimP |
#6
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Re: $215: With all the 17%+ ROI winners, where are the losers coming f
i don't like this at all
there are people who fall all along that spectrum, winners don't always win 20% and losers don't always lose 20% |
#7
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Re: $215: With all the 17%+ ROI winners, where are the losers coming f
You can integrate over all winners to find the average winning value and over all losers to find the average losing value. 20% and 20% probably isn't right but I'm just saying that when you pick numbers and do the math, more people are losing because of the rake than you might initially think.
SlimP |
#8
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Re: $215: With all the 17%+ ROI winners, where are the losers coming from?
People play above their level all the time. Just look at the number of entrants in the final event of the WSOP. A lot of the top players profit doesn't come from the permanent pool of $200 players (although there will undoubtedly be some).
So the pool is very small with room for a few sharks and plenty of fishies. |
#9
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Re: $215: With all the 17%+ ROI winners, where are the losers coming from?
[ QUOTE ]
poker is a zero sum game. [/ QUOTE ] Wrong. |
#10
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Re: $215: With all the 17%+ ROI winners, where are the losers coming f
The game of poker is zero-sum when played in its pure form (ie play a 10 dollar buy-in with a couple of buddies and someone wins and someone loses). However, when you play against a house it becomes non-zero sum: the more you bet the smaller amount of winnings exist to divide amongst players.
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