Quote:
Originally Posted by Mason Malmuth
Hi Everyone:
...2. End most of the bonuses for playing lots of hands....
Quote:
Originally Posted by MeleaB
...It is advisable to stay away from terms such as "bonuses" and "rewards" because it leads to a misunderstanding of what they effectively are, and it also plays into the hands of Amaya, allowing them to misrepresent what they really are....
Quote:
Originally Posted by Mason Malmuth
...Would it make you feel better if we called them bananas?
Seriously mate, this is just getting silly now.
A misunderstanding of the terms "bonuses" and "rewards" indicate a flawed understanding of the poker model at the most basic of levels, hence I highlighted this, because it's important not to make that mistake. You responded with sarcasm, implying you were well aware of their meanings, and now you post this:
Quote:
Originally Posted by Mason Malmuth
Hi TreadLightly:
...And is most of the profit coming from actual winnings or from the bonuses the site is paying for playing lots and lots of hands?...
Respectfully, your stature allows this important topic to gain traction and focus, but your experience and understanding of the online games, especially at the limits that are most commonly under the microscope is lacking. (Now, that doesn't mean what I say- or anyone else with similar experience- is correct with our predictions and claims of course, but I believe our training at least gives us a box to stand on and talk from.)
There is an actual term for this misunderstanding of the rewards system that Negreanu and Amaya like to propogate. It's called the
"Moshe Fallacy", named after the central figure in the flawed "Free Sandwich" anecdote that Negreanu regurgitates every time he talks about the subject on a podcast, or in a blog or forum post.