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Rant: The decline of the western online poker pro Rant: The decline of the western online poker pro

12-20-2014 , 02:15 PM
Quote:
Originally Posted by ArtyMcFly
(The graphic seems weird though. I have tons of breakeven grinders in my database, although I guess a lot of them are on the verge of quitting)
Might depend on the stakes? I only looked at 2/4+ players on stars, hands within the past 6 months. Was only eyeballing it too so it will probably be fairly off, but I found almost no regs, even the ones I thought were pretty bad, losing pre-rakeback.
Rant: The decline of the western online poker pro Quote
12-20-2014 , 02:33 PM
Quote:
Originally Posted by muxdux
And when the games dry up the fish will follow the grinders, where the games are plentiful... Recs want a game and they want one NOW... Between meetings or during lunch... Or before their appointment, they don't have time to sit around and wait for people to reg up or wait for people to join their table. ie: me and one or two other regs kept sngs running on a site for months... I could play ten at a time. Usually kept six to ten games running... I got limited to two tables, they did as well (pretty sure I just gave away which site) cashed out all my money.. came back a couple months later and the games were dead. To this day a year later the sngs still don't run. Recs won't reg games with zero or one player regged, they wanna last minute reg a game that's about to start. It's up to regs and grinders to keep the games going.
You are under the delusion that you are needed. You are not. Get a job.
Rant: The decline of the western online poker pro Quote
12-20-2014 , 03:01 PM
Quote:
Originally Posted by TheDarkElf
You are under the delusion that you are needed. You are not. Get a job.
Done. I quit playing and have a job.. Midstakes sngs don't run any more on that site. I've never been under the delusion I was needed, but... I HAVE been under the impression that we as players (consumers as they may call us) ARE needed.
Rant: The decline of the western online poker pro Quote
12-20-2014 , 03:06 PM
Quote:
Originally Posted by njpokerplayer24
The only way i can see Online Poker coming back significantly is if the U.S.A makes a law that exempts it with Daily Fantasy Sports. .. Draft Kings and Fan Duel make so much god damn money it is ridiculous. They Rake anywhere from 10-15% on all stakes lower than 100$ and nothing lower than 5% rake on high stakes games. Those 2 sites are booming with traffic and tons of people just giving money away. Their are commercials every couple of minutes on the Sports Networks and they now are the main sponsors of NHL,NBA, and i think they signed a deal with MLB.

Now the problem with Sports is that they are only on so much during the year. and these sites are going to want something you can fill your time with in between games. Draft Kings already sponsors WSOP and they actually have satellites on the site to make the WSOP ME. Their Profits are already in the hundrends of Millions. This means they have the money to make Online Poker software and they have the traffic and user base to sustain it.

If Online Poker ever did get an exemption in the U.S like Daily Fantasy. I guarantee the DFS sites would offer Online Poker in a heart beat.
The hilarious thing about these daily fantasy sites is there's far less "skill" involved in them than poker or even traditional sports betting. I am a not a fantasy player, I have been in 1 zero-money league with some friends for years that I spend next to no time on, but I know how the game is supposed to work when played at the highest level. I was curious to how the sites worked so I deposited $20 to try it (DraftKings). What I was expecting: a market where the ideal strategy is either mixing high value players with extremely low price diamonds in the rough (high variance), or a steady stream of mid priced players (low variance), with significant changes week to week in pricing based on demand and potential based on opponent. Instead: there's guys that are on IR/out (like Nick Foles today) selling for $6k and absolute no names like Dontrelle Inman selling for the league minimum $3k. What this player pricing encourages is random, lotto selection approaches. Guys are buying 80 teams and punching buttons... the top 10 teams 3 weeks ago all had Ryan Fitzpatrick starting at QB, which nobody in their right mind in a money draft with one team would select at $5.5k when say Drew Brees is available for $7.5k. It's just gambling and not skill based at all.

/End rant, but correct me if my opinion of these sites is off.
Rant: The decline of the western online poker pro Quote
12-20-2014 , 03:10 PM
Quote:
Originally Posted by fivetypes
How is Bitcoin the answer? If it is it wont be for many many years until its stable and/or widely adopted.
because it is:
- a global currency (only way to have players from France, Italy, Spain, China, Russia, and USA at the same table with governments segregating player pools)
- instantly transferred (my SWC cashouts are measured in hours, not days)
- cannot be seized by government like bank accounts (US DOJ seized like 74 foreign bank accounts on Black Friday)

To your second point, bitcoin has been relatively stable recently, and is accepted by Microsoft, Dell, Reddit, Expedia, Overstock, and tens of thousands of others.

Quote:
Originally Posted by fivetypes
Didn't it lose well over 50% of its value this year alone? Absolutely no way it will work with these swings.
Ya approximately. It also gained about 5000% in 2013.

Quote:
Originally Posted by fivetypes
Also, the love for Bitcoin on a forum like this, populated by a certain type of person, in no way reflects the the view of the vast majority of ordinary people (the ones you want playing poker). A lot of players/fish still don't even trust online poker (maybe rightly so given last few years) so hoping they are suddenly gonna adopt something as complex as Bitcoin, THEN start playing poker with it is just a fantasy.
You're right, a lot of high/medium stakes players own bitcoin (see HSNL xfer thread). The process of obtaining bitcoins is getting easier. its not ideal right now but its improving. Gotta start somewhere.

I disagree--on some bitcoin sites like SWC, there is no dox. Meaning you do not have to provide any personal info, not even an email if you dont want to. So once you have coin, starting playing is very quick and easy.
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12-20-2014 , 03:45 PM
Quote:
Originally Posted by philcski
The hilarious thing about these daily fantasy sites is there's far less "skill" involved in them than poker or even traditional sports betting. I am a not a fantasy player, I have been in 1 zero-money league with some friends for years that I spend next to no time on, but I know how the game is supposed to work when played at the highest level. I was curious to how the sites worked so I deposited $20 to try it (DraftKings). What I was expecting: a market where the ideal strategy is either mixing high value players with extremely low price diamonds in the rough (high variance), or a steady stream of mid priced players (low variance), with significant changes week to week in pricing based on demand and potential based on opponent. Instead: there's guys that are on IR/out (like Nick Foles today) selling for $6k and absolute no names like Dontrelle Inman selling for the league minimum $3k. What this player pricing encourages is random, lotto selection approaches. Guys are buying 80 teams and punching buttons... the top 10 teams 3 weeks ago all had Ryan Fitzpatrick starting at QB, which nobody in their right mind in a money draft with one team would select at $5.5k when say Drew Brees is available for $7.5k. It's just gambling and not skill based at all.

/End rant, but correct me if my opinion of these sites is off.

"These guys just play junk like 73s and always crack my aces! No skill in poker."
Rant: The decline of the western online poker pro Quote
12-20-2014 , 03:59 PM
Quote:
I would compare HU rake at 1/2nl (7-8bbs/100) to taking 3ish goals from each team in an NHL game.
No offence OP, it was a well thought out solid op, but this is the most hilariously terrible analogy I've ever heard.

"OMG they took 3 goals from us! What should we do?"
"But... they also took 3 from our opponents, nothing has changed"
"Forget about their score! Look what it did to ours!!!"
Rant: The decline of the western online poker pro Quote
12-20-2014 , 04:00 PM
Quote:
Originally Posted by sthief09
"These guys just play junk like 73s and always crack my aces! No skill in poker."
That's not what I'm saying. We all know that aipf AA vs. 73s is 83%-17% and will pay off accordingly over multiple trials. Buying 80 entries with randomly selected players is not a skill.
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12-20-2014 , 04:09 PM
Quote:
Originally Posted by insyder19
You cannot compare poker to that. Or you need to be more specific. People study because they expect to have a good job, well paid and good structured. If you study law you are pretty much safe, there is demand for that. Whats the reason to study poker and climb the stakes if there are no games going?
in the US at least, people who finish law school outside of the top schools often have a great deal of difficulty finding work. I have a friend who took over a year after getting his law degree to find more than a temp job. the squeeze is on everyone to get better and smarter, not just poker players.

some of the brightest minds choose to publish research papers and teach others state of the art ideas. companies like google, facebook, linkedin, amazon, yahoo all have open sourced some of their technologies.

that is the way the world is moving. the value is on leveraging the information that's out there to push the boundaries. poker is no different.

Quote:
And to get back to coaching/training sites. People stopped coaching pretty much at one point. At least those, who had or have a huge edge over other regulars and are killing the games.
I have no first hand knowledge but have a hard time believing this is anything other than people acting rationally. coaching/training nowadays just likely can't compensate some of the elite, given smaller edges, smaller player pools, and the difficulty with which it is to continually derive truly valuable information.

Last edited by sthief09; 12-20-2014 at 04:15 PM.
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12-20-2014 , 04:14 PM
Quote:
Originally Posted by philcski
That's not what I'm saying. We all know that aipf AA vs. 73s is 83%-17% and will pay off accordingly over multiple trials. Buying 80 entries with randomly selected players is not a skill.
don't mean to derail but just saying, you played it once and you sound exactly like how a fish who played poker a few times talks about the game. there's quite a bit of skill in fantasy, very comparable to poker in some cases.
Rant: The decline of the western online poker pro Quote
12-20-2014 , 04:31 PM
Quote:
Originally Posted by sthief09
don't mean to derail but just saying, you played it once and you sound exactly like how a fish who played poker a few times talks about the game. there's quite a bit of skill in fantasy, very comparable to poker in some cases.
Fair enough, and I agree there is skill in fantasy. Like I said, I've played it for many years and know that I suck at it and quite frankly don't care to get better, it doesn't interest me in the slightest. What I'm saying is the current structure of the game there does not condone skill from what my knowledge of successful fantasy players do, i.e., understanding proper values of players' draft positions, exploiting matchups, etc. You follow? Am I missing something in how these games are "correctly" played?
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12-20-2014 , 04:47 PM
Quote:
Originally Posted by ESKiMO-SiCKNE5S
"OMG they took 3 goals from us! What should we do?"
"But... they also took 3 from our opponents, nothing has changed"
"Forget about their score! Look what it did to ours!!!"
I did that at as an afterthought and didn't elaborate as much as I should have. You obviously also have to pretend it's a zero sum game. I do think that if people thought about rake relative to how much of an affect it would have in other games their stance might change.
Rant: The decline of the western online poker pro Quote
12-20-2014 , 05:15 PM
Quote:
Originally Posted by ESKiMO-SiCKNE5S
"OMG they took 3 goals from us! What should we do?"
"But... they also took 3 from our opponents, nothing has changed"
"Forget about their score! Look what it did to ours!!!"

How often do teams score more than 3 goals in a game tho?? If they score two goals does that make them -1 and it carries over to the next game?
Rant: The decline of the western online poker pro Quote
12-20-2014 , 07:38 PM
Quote:
Originally Posted by sinner
To your second point, bitcoin has been relatively stable recently, and is accepted by Microsoft, Dell, Reddit, Expedia, Overstock, and tens of thousands of others.

Rant: The decline of the western online poker pro Quote
12-20-2014 , 08:34 PM
All you people trying to "mobilise" and " speaking out about something you feel is wrong".

Dont even bother

You should listen to these geniuses like sthief09 and HumanHalo

Since when has a mass of people speaking out about something and taking action ever changed anything in this world?

Never, thats when

Its hopeless, just sit there paying your 95% effective rake to Amaya and take it up the ass forever

NOTHING WILL EVER CHANGE, deal with it
Rant: The decline of the western online poker pro Quote
12-20-2014 , 09:37 PM
Quote:
Originally Posted by AllBlackDan
All you people trying to "mobilise" and " speaking out about something you feel is wrong".

Dont even bother

You should listen to these geniuses like sthief09 and HumanHalo

Since when has a mass of people speaking out about something and taking action ever changed anything in this world?

Never, thats when

Its hopeless, just sit there paying your 95% effective rake to Amaya and take it up the ass forever

NOTHING WILL EVER CHANGE, deal with it
Google "effect rake".
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12-20-2014 , 10:02 PM
Quote:
Originally Posted by TheDarkElf
Google "effect rake".
No thanks
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12-20-2014 , 10:13 PM
Quote:
Originally Posted by AllBlackDan
No thanks
Right. Ignorance = bliss.
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12-20-2014 , 10:14 PM
Quote:
Originally Posted by TheDarkElf
Right. Ignorance = bliss.
You should know
Rant: The decline of the western online poker pro Quote
12-20-2014 , 10:17 PM
Quote:
Originally Posted by AllBlackDan
Since when has a mass of people speaking out about something and taking action ever changed anything in this world?
Rant: The decline of the western online poker pro Quote
12-20-2014 , 10:27 PM
Quote:
Originally Posted by sinner
because it is:
- a global currency (only way to have players from France, Italy, Spain, China, Russia, and USA at the same table with governments segregating player pools)
- instantly transferred (my SWC cashouts are measured in hours, not days)
- cannot be seized by government like bank accounts (US DOJ seized like 74 foreign bank accounts on Black Friday)

To your second point, bitcoin has been relatively stable recently, and is accepted by Microsoft, Dell, Reddit, Expedia, Overstock, and tens of thousands of others.
Recreational players including myself will not be touching Bitcoin sites as it is not a regulated marked and who decides to release more bitcoins when needed?

The global economic crisis was mainly due to predatory lending then US banks selling *unregulated* Credited Default Swaps (CDOs) to everyone who would buy them. They also sold Synthetic CDOs (look it up and try to see how they work) and even bank staff didn't know how they worked. Regulated markets work, they cost more but they work.

The result last time was that the US Govt bailed out the banks and not the home owners who got screwed and left with owing more money than their house was actually worth. Socialism for the companies and capitalism for the people.
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12-20-2014 , 11:46 PM
Quote:
Originally Posted by RimmerOdds
Recreational players including myself will not be touching Bitcoin sites as it is not a regulated marked and who decides to release more bitcoins when needed?

The global economic crisis was mainly due to predatory lending then US banks selling *unregulated* Credited Default Swaps (CDOs) to everyone who would buy them. They also sold Synthetic CDOs (look it up and try to see how they work) and even bank staff didn't know how they worked. Regulated markets work, they cost more but they work.

The result last time was that the US Govt bailed out the banks and not the home owners who got screwed and left with owing more money than their house was actually worth. Socialism for the companies and capitalism for the people.
You might want to take some of your own advice regarding Bitcoin, as you clearly have no idea how the currency works.
Rant: The decline of the western online poker pro Quote
12-21-2014 , 12:02 AM
My point is that in an unregulated market people get greedy and don't give a rats about anyone else but themselves. Thus at some point it all goes bust. I won't be buying some fake emoney that may or may not be worth the same amount in 2 weeks time. We do have fluctuations with our countries currencies but nothing like we see with Bitcoin. Buy it at your own risk as it is only worth the amount of money that someone else is willing to pay for it.
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12-21-2014 , 12:19 AM
Quote:
Originally Posted by TheMVP
You might want to take some of your own advice regarding Bitcoin, as you clearly have no idea how the currency works.
Alright I read the whole Wiki page which had a lot of information. This is all that matters in my opinion:

"In July 2014 the European Banking Authority advised European banks not to deal in virtual currencies such as bitcoin until a regulatory regime was in place"
##
Rant: The decline of the western online poker pro Quote
12-21-2014 , 12:28 AM
Quote:
Originally Posted by RimmerOdds
My point is that in an unregulated market people get greedy and don't give a rats about anyone else but themselves. Thus at some point it all goes bust. I won't be buying some fake emoney that may or may not be worth the same amount in 2 weeks time. We do have fluctuations with our countries currencies but nothing like we see with Bitcoin. Buy it at your own risk as it is only worth the amount of money that someone else is willing to pay for it.
Actually you aren't functioning in reality: http://www.bloomberg.com/news/2014-1...rency-rot.html

Like our resident game theory hero J.N@sh has been touring the world explaining, the currency manipulation system we have in place has tricked us into thinking arbitrarily printing money is favorable to a system such as bitcoin where the monetary policy is "fixed".

Everything you point out is not only upside and wrong, but hypocritical now if you don't jump the fiat ship to bitcoin in light of what you have now been shown.

Quote:
Originally Posted by RimmerOdds
Alright I read the whole Wiki page which had a lot of information. This is all that matters in my opinion:

"In July 2014 the European Banking Authority advised European banks not to deal in virtual currencies such as bitcoin until a regulatory regime was in place"
##
Quick now look up "ideal money" on wiki. Admittedly you don't know what you are talking about right? Clicked a link, copy paste, join a conversation on something you know nothing about based on fear?

What is the reality we face today? The educated reality...

Bitcoin is going to be the pillar of "stability" with which we evaluate ALL other assets. Lawmakers, banks, citizens, governments, poker sites will all be happy it exists...

Who is Satoshi Nakamoto, who the **** is NIck szabo, and why has J0hn N@sh been touring the world country to country talking about a new currency technology that is going to bring ultra stability to the global economy...???


Wealth has changed hands and we are in a new era of global economics, as described by the man himself:


http://www.mediatheque.lindau-nobel....nd-thrift-2011

What its too boring for you all to watch? Its the most amazing lecture ever given imo.

More you are wrong:

http://www.nasdaq.com/article/why-bi...stors-cm418813

Quote:
For a currency marked by volatility, Bitcoin has been remarkably stable against the U.S. Dollar over the last couple of months, essentially trading in a $320-$420 range. For those attracted to the virtual currency as a trading instrument due to massive volatility in the past that is no doubt a disappointment, but to those who are more interested in the blockchain as a game-changing payment system and the currency as a potential store of value in an inflationary environment, it is welcome news.

Read more: http://www.nasdaq.com/article/why-bi...#ixzz3MVKWbYg1

Last edited by jangojadder; 12-21-2014 at 12:43 AM.
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