Quote:
Originally Posted by Tetrofud
I feel bad for Phil for pursuing this idea.
Its clear he means well but hes just burning so much money
Poker online has been declining since around 2011.
Every site on the internet now is just 50 People sat waiting for fish heads up (and he wont get fish because he doesn't have a multi million dollar marketing budget across every country in the world)
If they aren't waiting for fish HU then its simply a pool of 10-20 PIOsolver bottish players waiting to jump into games where a rec sits. (again he wont get recs because he doesn't have a multi million dollar marketing budget across every country in the world)
The only times games run is if fish sit. Very rarely on pokerstars games run when some upcoming reg is fighting to open sit the next stake up. That's because there is value there though to beat all the seat scripters to a seat because fish actually occasionally sit. On run it once this will not happen.
If all that wasn't bad enough there is the fact that poker is gradually being solved. In a few years its likely no one will be able to beat each other because AI solved the game to a level where winrates of like 2bb don't exist between people following the charts etc
This would have been cool in like 2007 but its like 11 years too late.
The general public lost interest in poker when they realized they cant win. There is already BTC sites where the whole world can play for low rake and the exact same thing happens. (no one plays unless fish sit)
IN poker terms - Drawing Dead would be an adequate way to describe this venture.
Poker might be dead someday, but that time is not yet here. Chess has been solved but schools still have chess clubs, and people still play chess tournaments. It is not hard to be a winning poker player if you're serious about the game and do things the right way. Here is what I did:
I played poker for about 30 years and for a long time I wasn't making any money at it. I gradually got more serious about the game and when I retired from the army I got more serious about my play. I decided to make poker my job starting January 1, 2017.
I didn't have to make any money right away, because my wife had a good job and I get social security and military retirement pay. I had been playing mostly live but I decided that the best approach was to grind online.
I had about $40 sitting on Juicy Stakes Poker. I decided to do things the right way and grind it up without making a deposit. I only play tournaments and SNGs don't run on that site, so I had to do it playing MTTs.
I played $1 tournaments and I did not move up I had a $220 bankroll, which allowed me to play $2.20 MTTs. Variance being what it is, I had three losing months, but by the end of 2017 I had played about 450 MTTs and my bankroll was $480.
I haven't changed anything from the way I started in 2017. I'm still building that bankroll, which is now about $900. I will soon make my first withdrawal and start a bankroll on another site, because I want multiple options for where and when I can play. Once I have things going well on two sites, I'll start building a bankroll for live tournaments.
I work at least 40 hours a week, with at least 10 of those hours devoted to study. I've already built $40 up to $900 in 1.5 years. It will fun to see what I can do with my $900 in the next couple years. It shouldn't take long before I'm pulling in five figures per year. After that? Well, Doyle won a WSOP bracelet at age 76. Just sayin'.
If poker is dead, I didn't get the memo.