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Old 09-30-2005, 11:58 AM
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Default Re: an \"expert\'s\" comments on online poker

What a moron this guy is.

[ QUOTE ]
Here is an example of how the gambling house will always win all the money from all of the players. Five players sit-in on an online poker game each with a $20 bankroll for a total at the website table of $100. Let’s say the average pot is $10 and the rake is 5% or 50 cents per hand. Let’s say 200 hands are played which does not take that long. After 200 hands, that 50 cents rake per hand totals $100 which is the entire amount that all of the players started with at the website table. Of course not all of the players go broke at the exact same time and fresh money can come into the game. But sooner or later each gambler will eventually lose their $20 bankroll every time without exception. If bringing in $20 more, that will also eventually be lost. Every amount brought in will eventually be lost through continued play. Those are the facts in a nutshell. Any honest mathematician, statistician, or numbers expert who understands the game of poker, would not dispute the example in this paragraph.


[/ QUOTE ]

Not only is he making huge assumptions ($10 dollar pots for $100 at the table as an average pot size) but his logic is fatally flawed. One of these players could be better than his opponents by more than 5% and continually beat them out of money. New opponents will come and that player can still win money. Also there are bonuses and rakeback programs that significantly reduce this rake.

This man probably has good intentions but he's uninformed about online poker nonetheless.
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