Online Poker : 75% of loosers

[ipp147]

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I read a report from an analyst from Goldman Sachs who is in contact with the management of Paradise Poker (owned by UK company called Sportingbet).... Sportingbet/Paradise management told the analyst that only 8% of their accounts have won money.


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This will include accounts that are solely used for sportsbetting.

According to my PT database-which has over 5000 players in it-45% of players who have played more than 100 hands are winners. How this figure would change if everyone had played 10000 hands is anyones guess.

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How this figure would change if everyone had played 10000 hands is anyones guess.

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Not exactly, the number will steadily go down, the trend has been well documented by people with much larger databases than yours. It's just that the sample size required to know how far it will go down is astronomical.

[primetime32]

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I read on a financial review that 75% of all online poker players were loosing money over time. Any comments ?

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the other 25 percent are bots! [img]/images/graemlins/grin.gif[/img]

In a chat on ESPN.com, Phil Gordon said that he had talked to administartors at two of the top online poker sites and they told him that only 7% and 8% of their players finished the year on the positive side.

[Synergistic Explosions]

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In a chat on ESPN.com, Phil Gordon said that he had talked to administartors at two of the top online poker sites and they told him that only 7% and 8% of their players finished the year on the positive side.

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A horse could finish with a net profit each year in online poker. I mean that literally, as long as the horse had ID and a Neteller account.

So if what you quoted is true, then that proves horses are smarter than 93% of people.

[rusellmj]

I'd be interested in what limit the majority of losers are playing.

[pokerplayer28]

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How this figure would change if everyone had played 10000 hands is anyones guess.

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Not exactly, the number will steadily go down, the trend has been well documented by people with much larger databases than yours. It's just that the sample size required to know how far it will go down is astronomical.

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I dont agree with this, if you take a random poker player who has 100,000+ hands are you going to say it is very unlikely theyre up?

I agree that 10% are winners
so many players come in lose then leave or continue to play a minimal amount
and i agree that 75% of regulars(16+hrs/week) are winners

[HesseJam]

There is a big difference between counting by heads/players and counting by hands played by winning or loosing players. You'll need the latter to evaluate the current quality of the game and you'll need the former to evaluate what fish supply is needed to keep the quality constant.

[TomBrooks]

Just off the top of my head, it seems like usually about 60% to 2/3 of the players at the average table I'm at are down and about 1/3 are up.