I still find it hard to believe...

[Atropos]

"In the last month, playing .50/$1, I am down $300. Had it not been for Ed's advice, I'd probably be down $500-$600. Be thankful for the streak you are on, and get ready for the dark side."

I dont think that this can be a streak. Its impossible to lose 300$ at party 0.50/1 with good game selection and semi-ok poker skills. I play 4 tables all the time, and I have never lost more than 90BB, but seen more bad beats than ever in my poker career.
I think it's rather ideas like always capping JJ preflop in multiway pots, than an ominous "bad streak" that makes you lose...

[sprmario]

There were 55,000 people on party last night... there are millions and millions and millions of adults who like to gamble. I see no reason to believe that we won't see 100k or 200k people online in the near future just on Party.

I just started playing in May. I deposited $80, no bonus. I played for 2 months and cashed out about $750. I left about $110 and I'm up to $900 again. I'm shocked at the stupidity of many players.

I wanted to add... that in your original post you mention that you aren't that good. I'm not that good either. The main reason a lot of low limit 2+2ers win is that they realize that they aren't that good but they do know enough to play a reasonable game. Fortunately (for us) a reasonable low limit game can be very profitable.

[CostaRicaBill]

I really can't believe it either. I'm by no means the best but and have run up $200 into $4500 in the past 4 months. Party Poker is like a chip spewing bonanza with people cold calling 2 or 3 bets on the turn with middle pairs and the like. It all seems too good to be true.

[theghost]

[ QUOTE ]
[ QUOTE ]
95% of poker players are long term losers.


[/ QUOTE ]

is that true? I'm definatly a long term winner at the level I've been playing, but I don't know if I would consider myself in the top 5% of all poker players.

[/ QUOTE ]

My PT database has a 40/60 split of winners/losers, FWIW.

[chio]

exactly

casinos have been around for forever, and they have always had business

some of their customers are degenerates that lose everything, but many are just recreational players who lose a small part of their paycheck each week/month/year and don't really mind, much like the poker fish of today

there's will ALWAYS be money out there, always

[chio]

"Money's out there for sure, but it's maybe a more modest sum than some of our winning sessions lead us to believe. "

i think this is an important point too, there will always be money out there for anyone with decent poker knowledge to take, but i'm talking about the 2BB/hr kind at 5/10, not the "omg i just made 100 BB in 2 hours at 15/30" types of ridiculous streaks that are selectivly remembered

[sthief09]

yeah, you're absolutely right. just because we make the effort to get better doesn't mean everyone does. plenty of people will sit down at 5/10 just because it's a good way to gamble. they like poker, and as you say, the money stays around longer.

[zuluking]

[ QUOTE ]
Its impossible to lose 300$ at party 0.50/1 with good game selection and semi-ok poker skills. I play 4 tables all the time, and I have never lost more than 90BB, but seen more bad beats than ever in my poker career.
I think it's rather ideas like always capping JJ preflop in multiway pots, than an ominous "bad streak" that makes you lose...

[/ QUOTE ]

Actually, I've stopped capping with JJ preflop/multiway. Now I just re-raise with 5 2 offsuit! [img]/images/graemlins/grin.gif[/img]

[JAque]

20 to 30 mil people visit Las Vegas every year dropping their share. It does not seem to slow down.
People lose some money then a few months later, they come back. Plus a lot of people consider gambling as entertaiment and therefore it is a cost they are willing to pay.

[TimM]

[ QUOTE ]
My PT database has a 40/60 split of winners/losers, FWIW.

[/ QUOTE ]

That's about what everyone reports here, but unless you've been playing with the same players for a lot of the time, these only represent short term numbers.