Quote:
Originally Posted by otatop
None of this has to do with why action hands don't make sense from a moneymaking POV. Obviously regs auto-rebuy even when they get set over setted/flush over flushed, and most fish who deposit $50 and donk it off at 50NL probably deposit frequently.
The reason action hands would be a terrible way to make money is they cause a bunch of money to move between players, with the site taking a tiny amount. This is what Josem's said repeatedly, and your "challenge" to him is completely different than that.
You're saying it doesn't matter if the sites move a bunch of money between players because the bad ones will redeposit and the good ones will just rebuy. There's a pretty simple way to check this, and it's to look at B&M casinos. Uncapped NL games were busting fish too fast, so the casinos got their $4 a hand until the fish busted after a few hands, the regs got the fish's hundreds of dollars, and then the game broke. B&Ms rigged their games to keep the fish in play longer, by limiting the amount of money you could have on the table, and then limiting the amount of money you could bet on each street.I doubt that in online poker, where it's much harder than saying "Chips!" and getting money out of your wallet to reload, the sites want people to lose quickly and reload.
I don't believe that any casino, on line or B&M, benefits from lack of action. Action brings in the players. Action at the craps table creates a buzz at the table games. Action tables and action poker players create waiting lists and table changes to get to the action, on line and b&m. I disagree that action (or action hands) are bad for an on-line site.
Josem poses a logical puzzle that comes to the opposite conclusion. I think that logically, his answer makes sense, but that he holds too many assumptions constant in his example. Once these assumptions are no longer constant, I believe his logic puzzle fails. (For example, a site that has good action may draw 4x's the players than one without action, thereby increasing its rake even if it loses 1 player to an action hand).
Basically, his argument is that it is better for a site to churn its players than to have large money transfers between players which result in little rake and the possibility of either the winning player leaving or the losing player not buying back in. At the extreme, his argument is logical. But he states that he has PROVEN action hands do not benefit a site. I don't think he has proven anything. And, I think I have shown the flaw in his logical puzzle by showing that that FT benefits from a pot size of $60.00 to maximize its rake per hand. (Note: I am not arguing FT creates action hands to make a pot $60.00)
Ultimately, the answer is probably more complex and falls in the middle of our two "proofs"- there is probably a "point" at which a site, casino or poker room probably can balance the action and the churn to maximize its moneymaking.
To that end, to take it out of the theoretical, I challenged him to use his clout at PS to prove his theory. I suggested some parameters of a search that I believe would be relatively easy to come up with real numbers. I would agree to any parameters of a search to prove his theory. But given his ability to get us cold hard math, I challenge him to prove his theory or logical puzzle with evidence. Sound familiar! To that end, I offer him a dinner at his choosing.
Your argument that I should look at how B&M's rig cash games is meaningless. First of all, every B&M casino I play in with a poker room has a no capped game. The min-max for B&M and on line is almost exactly the same (except for the variety that on-line offers) for 1/2, 2/5 5/10 nlh, so I don't know what limits you are referring to; unless you are referring to limit games that were in vogue before the poker boom. Your B&M analogy is as useless as Truth's suggestion that we look at the YouTube videos for proof of rigging. But thanks for the suggestion to look at antidotal evidence rather than actual numbers. When you go to the B&M's, you must not have an adequate sample size, be seeing 3x the hands or its variance.