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Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union?

05-23-2020 , 10:34 AM
Quote:
Originally Posted by pennypusher
Can someone please tell me who Pads is, on this site (I forgot his nickname).


Those who hate on Pads
likely hate Bill Gates, too… Greedy underachievers (like me) often don’t understand that getting rich is just the first step to a fulfilling life. Once you are robusto, you nearly automatically start caring about other people (aside fo your family/friends/stable, or whatever). If you have no financial worries for yourself and your inner circle, you usually don’t get off on making money anymore. Of course there is Trump and some bankers etc, but I’m fairly sure that +90% of humans who get robusto, mostly/mainly have good intentions for “others”, because they can afford it.
Thread winner! But then I realized you were actually serious.

You definitely have the potential to make it far in German politics, and I am serious, too. glgl
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-23-2020 , 11:00 AM
Quote:
Originally Posted by Logical user
On this forum, he openly admitted to combining his stables hand histories to plug into solvers and share population exploits amongst them all. This is straight up cheating, against the terms and conditions and its astonishing that he has not been banned from all sites for life.

Something does need to be done, but guys like pads need to be kept as far away from any sort of responsibility as possible.

Link to the hand history thing?
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-23-2020 , 11:48 AM
I think Patrick Leonard's 2+2 screen name is OurSurveySays

https://forumserver.twoplustwo.com/members/307985/
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-23-2020 , 04:03 PM
Quote:
Originally Posted by CarlosNorris
I want to form a union with my fist and your face.
lol +1
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-23-2020 , 04:15 PM
Hi it's 2008 and we want our headline back!!!
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-23-2020 , 04:58 PM
I feel like tomorrow (Sunday) will be a decent first test of what is happening. It's the 2nd round of SCOOP main events, and first sunday after SCOOP was supposed to have ended before it got extended. A lot of both winning and losing players are probably pretty burned out and has quite the hole in their pocket by now.

Last sunday the two big NLHE ME's were 1k and 10k, with guarantees for 5000 and 500 runners (so both were 5MM gtd)

Tomorrow the two big NLHE ME's ("2nd chance ME") are 500 and 5k BI, with guarantees set for 3000 and 300 runners (so 1.5MM gtd). So quite the drop in expected monies to be put in. We'll see what happens
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-23-2020 , 07:54 PM
Quote:
Originally Posted by pennypusher



Those who hate on Pads
likely hate Bill Gates, too… Greedy underachievers (like me) often don’t understand that getting rich is just the first step to a fulfilling life. Once you are robusto, you nearly automatically start caring about other people (aside fo your family/friends/stable, or whatever). If you have no financial worries for yourself and your inner circle, you usually don’t get off on making money anymore. Of course there is Trump and some bankers etc, but I’m fairly sure that +90% of humans who get robusto, mostly/mainly have good intentions for “others”, because they can afford it.



Something I would like to add, to take a stand ITT:
In my opinion, most conspiracy theories just come from people who don't want to understand that there is a good cause behind nearly all of the rich people's actions.
Races, religions and all that ****, are just things that seperate us, and cause conflicts.
If economy doesn't die in the process, I would welcome all refugees in Germany, until we are just one big democratic mixed race without big religious influences anymore (on the whole planet, not just in Germany or Europe... like in +100 years, maybe). No more fake reasons for war, hence nothing to stop us saving the planet, and exploring space. There is way more envy than greed in humans, imho.
nice level
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-24-2020 , 06:19 AM
Quote:
Originally Posted by Loctus
I feel like tomorrow (Sunday) will be a decent first test of what is happening. It's the 2nd round of SCOOP main events, and first sunday after SCOOP was supposed to have ended before it got extended. A lot of both winning and losing players are probably pretty burned out and has quite the hole in their pocket by now.
No need to wait for sunday. Played yesterday and it was depressing. Probably most of 888's guarantees went down after this little COVID boom. It reaches a point where I dont want to waste my freetime outside of a Sunday or a series anymore.
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-24-2020 , 06:32 AM
Quote:
Originally Posted by ShallowMind
I lol'd several times at this, well played. Some of the supermarket references might go over the heads of non-UK people though!
Definitely did for me.

FWIW, it's not hard to do based on context. For Southern Californians, for example, just replace with Gelson's and Von's, and the story makes sense. (In my hometown, it's probably Nugget and Save Mart.)
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-24-2020 , 08:10 AM
3 thoughts

1) I love Marle and if you don't, you're wrong

2) skimmed this thread and wtf is going on here. German politicians, ****ing bill gates mentioned for some reason? what in the world?

3)getting kind of tired of poker players bitching and crying. I'm here for ~10 years and poker is supposed to die "any year now" for every one of those ten years. When I started out, it was supposedly already too late, if people listened to 2+2 consensus. Poker sites are going to do what they are going to do, not much we can do about it except for adjusting.
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-24-2020 , 11:36 AM
Quote:
Originally Posted by Krax
3 thoughts

1) I love Marle and if you don't, you're wrong

2) skimmed this thread and wtf is going on here. German politicians, ****ing bill gates mentioned for some reason? what in the world?

3)getting kind of tired of poker players bitching and crying. I'm here for ~10 years and poker is supposed to die "any year now" for every one of those ten years. When I started out, it was supposedly already too late, if people listened to 2+2 consensus. Poker sites are going to do what they are going to do, not much we can do about it except for adjusting.
I could talk a lot more about Bill Gates but I'm restraining myself
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-25-2020 , 10:27 AM
I tried to get the argument, but I simply don't see the logic here.

Owner of biggest stable complained about late reg and reentry. Yes that increase variance, and some ppl may lose more, but what's so damaging for long-term ?
If recs don't have money games dry up, but its an issue of worldwide economy, not structures of MTTs. Stucture of the game changes, you adapt to it to maximize EV, not whine about how its bad for you, because "I might have to fire 10 bullets for 25k and that makes me anxious"

Also complained that site he works for, was forced to extend series. So is he against free market and want the cartel of big sites ? Yeah, that would work very well for players....

And then hosts try to ask for his thoughts on predatory behavior and he plainly avoided the question and started rambling about "union would help site's security". Turned it off after that.

All in all, it seems for me like his stable (which is probably much much worse for long term economy, than sites running big GTDs) has to restructure due to changing environment and he wants to do what is most profitable for his business.

Maybe make next pod on giant MTT stables, ethics on their behavior and how they open possibilities for ghosting, HH sharing for field analysis, etc.
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-25-2020 , 07:40 PM
Quote:
Originally Posted by Gerasis
Owner of biggest stable complained about late reg and reentry. Yes that increase variance, and some ppl may lose more, but what's so damaging for long-term ?
The problem is that deposits wont last as long anymore. Without reentry you fire your few mtts during the time you can play. Lets say you can reg for 1 hour. So in your buyin range are a certain amount off mtts that will cost you 20$ of your 100$ deposit. But instead of being done for the day after busting you get now the option to reenter. Lets say it cost you now on average 25$ to play everything in your regging period. A deposit that would have lasted 5 days now only lasts 4 days. So there will be less entrants on day5.
Reentries are just on part of the problem. Players were always asking for more. More turbos, hypers, more of this or more of that. To fill that you need either more players, players that can invest more or the numbers will spread thinner over all the mtt/mtt-sng offerings.
For me personally reentries mean I will take less shots above my usual buyins. I cant compete with the regs and I cant compete even less if they can reenter.
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-26-2020 , 12:04 AM
lol please his crusade against re-entries has nothing to do with looking after recs, only his bottom line. Most recs don't even re-enter and there lies the rub for stables.

Some rec punting around? He's not re-entering
Some weaker lower stakes reg taking a shot? He's not re-entering
Players who satellited in? They're not re-entering

What re-entries do is they make the field when deep tougher, because it's only the best and most well bankrolled regs who max re-enter. So when your horse does make a final table he's way more likely to be playing in a field of killers and his ROI goes down drastically.

The number one advantage for a stable as opposed to an individual grinder is that stables can put in enough volume to overcome large field tournament variance. The ideal schedule for a stable is as many megafield single entry tournaments as possible. They play the numbers game and when they bink a winning ticket single entries ensure it's a more profitable one.
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-26-2020 , 03:58 AM
Quote:
Originally Posted by Habsfan09
The problem is that deposits wont last as long anymore.
Taking deposit time as the only metric is not logical. If it is, lets cap all the games at 1$ and deposits will last for infinity...

Poker sites care about rake generated. If that 100 deposit goes to MTTs only, it will generate 9.1$ rake, sooner that happens, better it is.

No professional player will have enough data to create a viable model for long term. To evaluate it, you must estimate present/future salaries of recs and what % of it are they willing for deposit, what games increase their rake turnover and many more variables i cant even imagine.

Quote:
Originally Posted by getmeoffcompletely
lol please his crusade against re-entries has nothing to do with looking after recs, only his bottom line. Most recs don't even re-enter and there lies the rub for stables.
+1000
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-26-2020 , 06:14 AM
Quote:
Originally Posted by getmeoffcompletely
lol please his crusade against re-entries has nothing to do with looking after recs, only his bottom line. Most recs don't even re-enter and there lies the rub for stables.

Some rec punting around? He's not re-entering
Some weaker lower stakes reg taking a shot? He's not re-entering
Players who satellited in? They're not re-entering
You base this on what? Play few PKO's on 888 and you will see its not that simple. On 888 players dont change tables when they rebuy or reenter so you actually see that even fun players reenter. Might be the quick fix of the KO bounty that is looming I dont know. Few times I felt quite sad because some guys just ripped it in back to back with whatever and they were recs according to sharkscope.
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-26-2020 , 04:34 PM
I didn't listen to the podcast, but what were the major points?

For a majority of players, there have never been so many choices, including safe choices, as well as mobile choices for online poker. Ease of depositing has increased over the last decade for a vast majority of the world too.

And there are many people playing online poker today.

As far as rake, I agree it's high to an unnecessary extent, but if it continues/gets worse it just means more incentive for someone else to step in and provide a similar or better environment with lower costs.

But basically if you remove Stars from the equation, I don't think things are worse for professionals than a few years ago. Stars is obviously a little more nuanced, but basically the selling of the company that previously focused purely on high quality poker experiences for reasonable costs changed the focus to a gambling site and towards maximizing margin per player (and the latter was bungled quite a bit) and the professional experience deteriorated quite a bit because of it.
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
05-26-2020 , 05:32 PM
Point is that re-entry and long late-reg (esp on PP) hurts the big buy-in MTT's in the mid- and long-term. But since we expect his stable to have same ROI with more buy-ins, at least I concluded that his motivations were not selfish, this time.
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
06-27-2020 , 11:35 AM



Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
06-27-2020 , 11:41 AM
This guy is the Zuckerberg of poker
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
06-27-2020 , 11:57 AM
the funny part is that probably if top pros cant make really good living from poker any more... it will be good for the games... as it will get softer and recs will have a better chance.. plus it will be less likely people will use solvers and put all that study time... so like daniel would say **** the pros
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
06-27-2020 , 01:08 PM
Quote:
Originally Posted by locopollo
the funny part is that probably if top pros cant make really good living from poker any more... it will be good for the games... as it will get softer and recs will have a better chance.. plus it will be less likely people will use solvers and put all that study time... so like daniel would say **** the pros
But if the games get softer then the better recs will turn pro and start using solvers and studying to increase their edges and we'll be back here again.
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
06-27-2020 , 08:08 PM
More Twitter discussion today related to poker player organization. Some big names in the threads.







Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
06-27-2020 , 10:17 PM
i want a full tilt poker 2.0 but without all the scam
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote
06-28-2020 , 06:25 AM
The delusional bs talk from pads is ridic. If some professionals gather in some kind of team, then it's not a union. By definition in poker there could never be a union. You're not employed by poker sites, you don't get payed by them. You're sucking out money from other people.

How would this exactly work. So they Form a union, and a very common tool of a union is to strike, to put pressure in the employer. So eventually they would have to do it, but then the highstakes games would be really really good and soft, so for other Si pros or pros who are not interested in that union it would be a great opportunity to jump into these games.

It doesn't work.

Pads is smart. Union sounds much better then "hey we want to do a bunch of lobbying to squeeze alout more money for us, the pros"

Union sounds like its for the good of everyone, even the recs. It's freaking not.

F u pads you're pathetic
Patrick Leonard: Is Online Poker About to Crash? Should Poker Players Form a Union? Quote

      
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