Online Poker : 75% of loosers

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

[rigoletto]

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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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I would think that the correct number is more like 95%.

[Leavenfish]

Comment: I am finding it nice knowing that I am, well...not normal. [img]/images/graemlins/smile.gif[/img]

---Leavenfish

[Neil Stevens]

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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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I would think that the correct number is more like 95%.

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If a losing player is better than most losing players, and he mostly plays with other losing players, his mistakes should offset by other players' worse mistakes, so that he doesn't lose money in the long run.

So I wonder if 95% is too high. 95% of players might play -EV strategies, so that they'd lose money to winning players, but they can't ALL lose money when they play against each other unless they're of equal skill and the rake is what kills them.

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.

Another stat: Party Poker said the top 10% of their customers give them 70% of their rake...

[Pyromaniac]

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Another stat: Party Poker said the top 10% of their customers give them 70% of their rake...

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So...how much of that 10% is from big losers (or loosers, if you prefer), and how much is from multitabling winners, I wonder?

[Sniper]

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So...how much of that 10% is from big losers (or loosers, if you prefer), and how much is from multitabling winners, I wonder?

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The RAKE doesn't care if you are a winner or a loser, just that you play [img]/images/graemlins/wink.gif[/img]

[Mason Malmuth]

Hi Dany:

I've heard this type of stuff for years and years, and I don't believe it.

First of all, exactly what is a poker player? Is it someone who plays once a year, or is it someone who plays most every day?

Second, and more important, I'm often in games where there are only one or two bad players. That is the other six or seven play well. What happens is that the bad players lose enough to pay the rake plus make everyone else a winner (in the long run).

Also, for what it's worth, my guess is that the 75 percent number is approximately right but for a different statistic. I believe that approximately 75 percent of all regular players are winners.

Best wishes,
Mason

[Sniper]

Hi Mason... You said...

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I believe that approximately 75 percent of all regular players are winners.

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75%+ of players who read your books and understand them may be winners.

75%+ of the knowledgable active 2+2 forum posters may be winners.

But, can you please explain how you define "regular players", so that this 75% can be rationalized with the available statistical data on all online poker players.

[Mason Malmuth]

Hi Sniper:

It's based on my personal observation over many years, and I don't ask if they have read our books (though I suspect that most have).

Best wishes,
Mason