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#31
08-08-2005, 11:38 AM
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Re: Where does the money come from?
[ QUOTE ]
what is multi-level marketing? [/ QUOTE ] Company convinces people that they can make THOUSANDS OF DOLLARS and OBTAIN FINANCIAL FREEDOM if only they sell a bunch of crap, then they make the consumer buy promotional material and membership fees for the priviledge of selling the crap, then the hapless consumer tries to make their fortune while the company chuckles at all the profits it made from promotional materials and membership fees. http://en.wikipedia.org/wiki/Multi-level_marketing 
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#32
08-08-2005, 11:43 AM
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Re: Where does the money come from?
I really don't care if people in my games are ruining themselves gambling. Sound cold? Sorry, but when they sit in the game, their goal is to take my money and the money of everyone else. If their complusiveness allows them to make a big score by sucking out, they won't feel the least bit guilty about it. And if my solid play sends them home broke to the wife and kids, I won't feel bad at all. When you start playing mid limits, the amt of money is truly enough to hurt some people (and others are just loaded and can afford to gamble). The fact of life is that poker is an ugly game for many and a moneymaker for a few. If you can't tolerate it, poker for anything beyond fun might not be the activity for you.
Jeff
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#33
08-08-2005, 12:34 PM
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Re: Where does the money come from?
i don't think any of the people in this thread disagree. the question we're looking at here is "why do they keep handing over their money?" some of it is gambling addiction, sure, but for the rest, we're trying to get our heads around WHY they keep coming back for more.
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#34
08-08-2005, 12:45 PM
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Re: Where does the money come from?
lol, kinda fun, indeed. [img]/images/graemlins/tongue.gif[/img]
Without delusion the car industry would collapse (well, in the US, anyway). Without delusion...anything connected with slick sexy advertising. Except alcohol. the lack of delusion would prolly give that industy a spike [img]/images/graemlins/grin.gif[/img] edit: to OP, this is a good question. I wonder about it myself. But then, when I'm in a parking lot surrounded by new SUVs, I wonder where all *that* money comes from, too.
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#35
08-08-2005, 12:58 PM
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Re: Where does the money come from?
[ QUOTE ]
some of it is gambling addiction, sure, but for the rest, we're trying to get our heads around WHY they keep coming back for more. [/ QUOTE ] For some people, it is simply disposable money that if they don't spend it on gambling they will spend it on something else (expensive dinners, wine, theater tickets, football tickets, new paint job for car, new stereo system, lawn ornaments, 100s of DVDs they will only watch once), but one way or another it is getting spent on "fun". Have you ever gone to a big casino on a weekend night and seen 100s of people at the slot machines? Or the people losing 100s of dollars at blackjack and roulette and craps? Many of those people know they are likely to lose their money, but it's fun to gamble. So if you like gambling and can afford it, why not risk a little $$$ to have a little fun? Besides, you might win...
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#36
08-08-2005, 07:58 PM
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Re: Where does the money come from?
[ QUOTE ]
By the time I actually decided to study the game, I was about 2k down, and it took me the better part of a year to make it back. This is only because I'm completely obsessive and cannot stand to lose at anything. Point being: a slightly less obsessive player would have quit at -$1000 and taken up a less expensive hobby. [ QUOTE ] i don't think any of the people in this thread disagree. the question we're looking at here is "why do they keep handing over their money?" some of it is gambling addiction, sure, but for the rest, we're trying to get our heads around WHY they keep coming back for more. [/ QUOTE ] [/ QUOTE ] The first quoted portion above sort of answers the second. How about an analogy . . . Why do so many people become obsessed with GOLF; spending sometimes $1,000's on equipment, gimmicks, lessons, books, devices, etc, not to mention the cost of actually playing? I'd say its simple - the CHALLENGE to become better at it. Let's face it, a large majority of golfers will never be all that good, but they'll keep coming back for the challenge to "win" at the game. Human competetive spirit.
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#37
08-09-2005, 04:19 PM
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Re: Where does the money come from?
If winners are rare in poker, and losers are common, then the winners only have to win a very little from each loser to make a nice profit. The losers can drop a $1000 over a year and, because they don't keep records on PokerTracker and don't like to admit they blew a grand on gambling, will convince themselves they were "down a little" or "broke even" for the year. A winner only needs a very little slice of that $1K, and a very little slice of the other loser's $1k, etc., etc., to make thousands in that same year. It's a nice economy if you're good and you have a lot of time to kill.
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#38
08-09-2005, 08:28 PM
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Re: Where does the money come from?
You're confusing zero sum with zero rake.
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#39
08-09-2005, 09:43 PM
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Re: Where does the money come from?
exactly.
At 5/10 6max for example, the rake is eating about 2BB/100 from every player. If you are a 2BB/100 winner, you are actually beating your opponents by about 4BB/100. So if the average player is losing 2BB/100, and some of those are winners, then others are losing at a substantially larger rate...
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