Why Current Online Win Rates Won't Persist

[pokerjoker]

[ QUOTE ]
Anyone into online MMORPGs has probably heard of Lineage 2 and overseas Adena Farming sweatshops. Companies set up labs with dozens of computers and pay people $.50 per hour to play the game and then sell the currency for a large profit. The economy of many foreign countries is so bad that $.50 per hour is actually above average.

There is really nothing (except maybe gambling laws) preventing them from setting up poker sweatshops.

[/ QUOTE ]

The possibility of them losing

[lefty rosen]

Also Utah has alot of escort services. The Olympic bribe controversy from 02' would tell us that.......

[lefty rosen]

There is a poster from Russia who posts here. He said if makes 300 US a month he is making more than the average Moscowvite. How hard is this if he just bonus hustles and plays break even poker?

[Rudbaeck]

[ QUOTE ]
[ QUOTE ]
Except the chinese. Gambling equals luck and happiness in their culture. Chinese immigrants flock casino's in Holland. If China would become a democracy expect some crazy poker boom. Don't see that happening though.

[/ QUOTE ]

go check average household income in china

[/ QUOTE ]

Well, with over one billion citizens there are enough above average households for a pretty solid poker boom.

hi guys I'm new here.

slightly off topic question for pondering. Do you think legalization of online gambling in the US would cause a huge increase in the fish population?

I'd say so, because don't most credit cards deny US citizens from making a deposit? meaning that anyone with a credit card could just pop in money and play it all away. (i could be wrong, do they allow straight credit card transactions here in the US? (visa, mastercard, etc) most fish don't want to go through the hassle of netteller or firepay do they?

soap box...not that I see this happening. the US has such a messed up moral system, a legalization bill would likely be shot down.

[ QUOTE ]

Do you think legalization of online gambling in the US would cause a huge increase in the fish population?



[/ QUOTE ]

I am hoping this happens in about 4 or 5 years. This will create an enormous boom in fish. There are so many people who are intimdated and avoid poker for the simple reason that the U.S. government frowns upon it. A US stamp of approval should do away with these attitudes and bring in a large amount of casual players.

[MyTurn2Raise]

approval of online gambling would bring regulation by the US gov't and you do not want the US gov't involved in anything

You think Party Poker is bad...wait 'til Uncle Sams hands find the till

ENJOY!

[ QUOTE ]
There is a poster from Russia who posts here. He said if makes 300 US a month he is making more than the average Moscowvite. How hard is this if he just bonus hustles and plays break even poker?

[/ QUOTE ]

Not hard at all. I think that most USA players don't realize how large the income differential is between industrialized and developing countries for individuals with similar skillsets.

Those who think you need a large capital base to cover up front losses are nuts. Start at micro limits and follow a rule.. say, move up when you hit 200BB at the next limit, down if you hit 150BB at current limit. It takes minimal restraint, might cost some EV but basically limits ruin to zero.

[Degen]

[ QUOTE ]
[ QUOTE ]
There is a poster from Russia who posts here. He said if makes 300 US a month he is making more than the average Moscowvite. How hard is this if he just bonus hustles and plays break even poker?

[/ QUOTE ]

Not hard at all. I think that most USA players don't realize how large the income differential is between industrialized and developing countries for individuals with similar skillsets.

Those who think you need a large capital base to cover up front losses are nuts. Start at micro limits and follow a rule.. say, move up when you hit 200BB at the next limit, down if you hit 150BB at current limit. It takes minimal restraint, might cost some EV but basically limits ruin to zero.

[/ QUOTE ]

exactly why i moved to thailand

add to this that if you live abroad you don't pay taxes on your first 80k a year...ands it pretty much a no-brainer

average income here is in the ballpark of $0.50 an hour

[Mempho]

How does this make your individual situation worse? The amount of tax you owe will not change. Yes, it would create government red tape, but you will have to deal with no more than you do already....unless you fear a W2-G on tournament winnings or P&L statments (which should make your job easier).