Quote:
Diamonddog, as I said read my post then answer. I never once said I was a good player!
I did read your post. You said, I think, that you'd been a winner all your life, and without reading a single book. That immediately makes you a much better player than me. I didn't want you to think that my refusal to sit down and play with you was because I somehow felt myself superior in the skill department.
OK, so let's talk about variance.
Let's imagine a typical scenario. You flop top pair, decent kicker. You have three opponents. One of them has a flush draw (9 outs), another has second pair (5 outs) and the other has top pair, but with a crappy kicker (3 outs).
That's 17 outs you need to dodge, twice, in order for your best hand on the flop to stand up.
You're a substantial underdog. Someone will suck out roughly 70% of the time.
In effect, it's
you that's drawing, not them.
I still claim that in the long run those games are insanely profitable but the losing streaks can be horrible, for sure.