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Reuters: Full Tilt Poker, Pokerstars and Absolute Poker charged with illegal gambling Reuters: Full Tilt Poker, Pokerstars and Absolute Poker charged with illegal gambling

04-19-2011 , 02:24 AM
Quote:
Originally Posted by Ishmael
Cliffs please if/when possible. Thank you.
Right now he is talking about future strategy. He says that the federal avenue is still our best bet versus state-by-state, that we are certainly underdogs this year for federal legislation but we are still in the game.

I'm hoping that there is a recording/video of the quadjacks radio filibuster deal posted at some point. I would love to stay up and listen to Rich but I am beat tired and am just put out by all of this "nanny state incompetard" crap.
04-19-2011 , 02:24 AM
^idiot above me edit: 2 up


people dont make money grinding live? orly?
04-19-2011 , 02:32 AM
my point is online professionals don't have a lot of options right now

stopping our country from being such an oppressive fascist regime controlled by corporations and greed through the illusion of democracy completely masking the reality of plutonomy is something that can only ever happen via mass protest and rioting

and that's never going to happen because every fat **** in this country gets a ****ing McRib and a milkshake and theres dancing barely-famous people on television, and we've all been conditioned to just accept a **** existence so nobody gives a **** that the goddamn box the richest 1% have us all living in keeps getting smaller and smaller every day
04-19-2011 , 02:35 AM
Quote:
Originally Posted by *******
being a live pro isn't even an option, live pros are a myth

we're talking 30 hands an hour at best, work 40 hours a week and you'll get about 60,000 hands per year

any long-term professional cash player knows no matter how good you are, the deck will throw you a 100k breakeven stretch with some regularity

enjoy that 2 year downswing

at 5/10 you'll pay completely insane rake, receive no rakeback, deal with hostile dealers all day if you don't tip them, breathe secondhand smoke 40 hours a week

if you can somehow maintain a 5ptbb/100 longterm winrate under those conditions (which is probably impossible, nobody has ever tested this let alone successfully demonstrated it, all professed live winrates have been purely anecdotal and based on laughably small sample sizes) you're making 60k a year

60k

for 5/10

under those conditions

and you get deep constantly so you need a six-figure bankroll

lets say you're a 2.5ptbb/100, now youre making 30k a year

and while you're making that 30k/year, you have to walk right past all the $10 beers and hookers every day

it's just impossible, if you want a decent living live you need a half a million dollar roll and you need to play 25/50 all day every day in horrible conditions and be prepared to endure losing 6-month stretches like its nothing
Hopefully this post will keep the good online players away from the easy juicy live games.
04-19-2011 , 02:41 AM
Quote:
Originally Posted by *******
yeah i did forget about that, that makes the lifestyle sound 10x worse than i even thought it would be

there's a reason there's never been a single proven long-term live poker professional in the entire history of poker

it's just that back in the '60s through '90s there were 100,000 idiots who tried to do it, and the 10 luckiest who put themselves in positions to initiate separate revenue streams stuck in everybody's minds
Assuming this isn't a troll, you truly do not have the slightest goddamn clue what you're talking about.

I assure you, thousands of real, actual people, for well over a century, have made a living playing live poker.
04-19-2011 , 02:50 AM
Quote:
Originally Posted by *******
being a live pro isn't even an option, live pros are a myth

we're talking 30 hands an hour at best, work 40 hours a week and you'll get about 60,000 hands per year

any long-term professional cash player knows no matter how good you are, the deck will throw you a 100k breakeven stretch with some regularity

enjoy that 2 year downswing

at 5/10 you'll pay completely insane rake, receive no rakeback, deal with hostile dealers all day if you don't tip them, breathe secondhand smoke 40 hours a week

if you can somehow maintain a 5ptbb/100 longterm winrate under those conditions (which is probably impossible, nobody has ever tested this let alone successfully demonstrated it, all professed live winrates have been purely anecdotal and based on laughably small sample sizes) you're making 60k a year

60k

for 5/10

under those conditions

and you get deep constantly so you need a six-figure bankroll

lets say you're a 2.5ptbb/100, now youre making 30k a year

and while you're making that 30k/year, you have to walk right past all the $10 beers and hookers every day

it's just impossible, if you want a decent living live you need a half a million dollar roll and you need to play 25/50 all day every day in horrible conditions and be prepared to endure losing 6-month stretches like its nothing
Excellently put! Most of the live pros are just deceiving themselves about beating those games with huge edge just because they played 20K hands and run like god!
04-19-2011 , 03:07 AM
Since we're all about the Facebook activism now, lets not forget the man who introduced the UIGEA to America, former senator Bill Frist.

Show him some love.
http://www.facebook.com/SenatorBillFrist?ref=sgm
04-19-2011 , 03:21 AM
This might blow some people's minds, but when there's an actual, significant skill differential between Hero and his opponents (a condition that market efficiency makes impossible among the interchangeable grinders that make up 80% of online poker players), the "sample size" requirement goes way down.

Variance ceases to be much an issue when you turn off the computer, come out of the basement, and play against people who DIDN'T spend the majority of the last decade reading poker books and forums and clawing for razor-thin edges.

You don't need 18 billion hands to know whether you're beating Joe Tourist, Bob the Drunk, Jennifer "Never Played Before", and Ben the Idiot in the Excalibur poker room.
04-19-2011 , 03:22 AM
Quote:
Originally Posted by *******
being a live pro isn't even an option, live pros are a myth

we're talking 30 hands an hour at best, work 40 hours a week and you'll get about 60,000 hands per year

any long-term professional cash player knows no matter how good you are, the deck will throw you a 100k breakeven stretch with some regularity

enjoy that 2 year downswing

at 5/10 you'll pay completely insane rake, receive no rakeback, deal with hostile dealers all day if you don't tip them, breathe secondhand smoke 40 hours a week

if you can somehow maintain a 5ptbb/100 longterm winrate under those conditions (which is probably impossible, nobody has ever tested this let alone successfully demonstrated it, all professed live winrates have been purely anecdotal and based on laughably small sample sizes) you're making 60k a year

60k

for 5/10

under those conditions

and you get deep constantly so you need a six-figure bankroll

lets say you're a 2.5ptbb/100, now youre making 30k a year

and while you're making that 30k/year, you have to walk right past all the $10 beers and hookers every day

it's just impossible, if you want a decent living live you need a half a million dollar roll and you need to play 25/50 all day every day in horrible conditions and be prepared to endure losing 6-month stretches like its nothing
Very good post. People still don't and won't understand that running terribly bad (or extremely good) for 2-3 consecutive years is possible in live poker.

And there will always be the idiotic comments like "You're playing too tight that's why you're running under EV", "All in ev is exagerated. It isn't that important", "So you say Mr.X is lucky. Has he been lucky for 4 months? No, he's just too good and aggressive", "Look at Mr.Y, he won or final tabled 4 out of last 6 tournaments. He's like a poker god", "Online players just can't play live games. Tossing chips is different than a mouse click"

All of these statements are nothing but lack of knowledge about what one is talking. While for succesfully playing live you have to possess some extra skills it's just impossible to pursue a respectable career if lady luck doesn't help you. I'm not saying being up isn't possible. I'm just saying that for receiving the worth of your time spent, everything should go in your way.

I won't even bother try to explain the case about live MTT's...
04-19-2011 , 03:30 AM
Quote:
Originally Posted by Omaha Chris
You don't need 18 billion hands to know whether you're beating Joe Tourist, Bob the Drunk, Jennifer "Never Played Before", and Ben the Idiot in the Excalibur poker room.
Excalibur? lol, good luck making a living at 1-2.
04-19-2011 , 03:31 AM
Quote:
Originally Posted by TheTurk80
Very good post. People still don't and won't understand that running terribly bad (or extremely good) for 2-3 consecutive years is possible in live poker.

And there will always be the idiotic comments like "You're playing too tight that's why you're running under EV", "All in ev is exagerated. It isn't that important", "So you say Mr.X is lucky. Has he been lucky for 4 months? No, he's just too good and aggressive", "Look at Mr.Y, he won or final tabled 4 out of last 6 tournaments. He's like a poker god", "Online players just can't play live games. Tossing chips is different than a mouse click"

All of these statements are nothing but lack of knowledge about what one is talking. While for succesfully playing live you have to possess some extra skills it's just impossible to pursue a respectable career if lady luck doesn't help you. I'm not saying being up isn't possible. I'm just saying that for receiving the worth of your time spent, everything should go in your way.

I won't even bother try to explain the case about live MTT's...
Have any of you guys ever played live before? I challenge you to find a 1/2 game online where a guy buys in for 2k, raises to 20 every hand, and never folds to any re-raise. I challenge you to find a guy who limp-calls utg for 20 dollars with 8/2 off just because. I DO AGREE that online poker is WAY superior to live poker for playing professionally in every way shape or form, but you can easily make $200 a day or more playing live (even at 1/2). If your fishing online, its like fishing with dynamite live, and all the fish are ******ed and drunk.
04-19-2011 , 03:37 AM
Its nice to live in CANADA... we win
04-19-2011 , 03:37 AM
the live pro life was a tad different 10 years ago aswell where the most ppl draw their figures from, where you could 8x preflop and get 3 callers and most ppl would instamuck anything but a set.

Some tards could even fold AA preflop facing an allin because they didn't wanna gamble preflop, any two cards can win etc, I do not think it was that hard making like 20-30bb/100 at that time just by having a good explo-gameplan against the "flavor of the <year>"-fish. This would be especially true I think if you were a middleaged dude, most old people do not wanna get pushed around by a pube-kid.

...And now im pretty much only talking about preflop and flop play, having a good preflop/flop play and being horrendous on turn/river even worked into late 2007/early 2008 ONLINE.
04-19-2011 , 03:38 AM
Quote:
Originally Posted by JimbozGrapes
but you can easily make $200 a day or more playing live (even at 1/2).
I love how people extrapolate from some heater they went on for a week.
04-19-2011 , 03:48 AM
could someone explain the situation with fpps for usa citizens? people are talking about them as if they're more worthless than frozen $$ funds, but the opposite seems true to me intuitively... shouldn't they be able to ship merchandise (cameras, ipods, whatever) anonymously without DOJ seizing anything?
04-19-2011 , 03:50 AM
Quote:
Originally Posted by vetiver
could someone explain the situation with fpps for usa citizens? people are talking about them as if they're more worthless than frozen $$ funds, but the opposite seems true to me intuitively... shouldn't they be able to ship merchandise (cameras, ipods, whatever) anonymously without DOJ seizing anything?
I'm really concerned about this as well, it still seems up in the air to me, but my intuition is with yours.
04-19-2011 , 04:14 AM
Quote:
Originally Posted by Omaha Chris
Assuming this isn't a troll, you truly do not have the slightest goddamn clue what you're talking about.

I assure you, thousands of real, actual people, for well over a century, have made a living playing live poker.
I was a net winner at foxwoods the 10 years I played there before switching to online and I sucked compared to the good players.

Chris is right, thousands make a living playing live pocker, and millions claim they do.
04-19-2011 , 05:04 AM
for people that live in UK and Canada - are you guys able to cash out just fine?
04-19-2011 , 05:27 AM
Quote:
Originally Posted by ryang
for people that live in UK and Canada - are you guys able to cash out just fine?
Canada.

From Pokerstars, yes.

Haven't tried from FT.

Reports are that UB is stalling people.
04-19-2011 , 05:31 AM
Quote:
Originally Posted by Berlino
Reports are that UB is stalling people.
why is this not surprising
04-19-2011 , 05:32 AM
Quote:
Originally Posted by Omaha Chris
This might blow some people's minds, but when there's an actual, significant skill differential between Hero and his opponents (a condition that market efficiency makes impossible among the interchangeable grinders that make up 80% of online poker players), the "sample size" requirement goes way down.

Variance ceases to be much an issue when you turn off the computer, come out of the basement, and play against people who DIDN'T spend the majority of the last decade reading poker books and forums and clawing for razor-thin edges.

You don't need 18 billion hands to know whether you're beating Joe Tourist, Bob the Drunk, Jennifer "Never Played Before", and Ben the Idiot in the Excalibur poker room.
your so right, beating the live $1-2 and $2-5 games are so easy, and you guys cant think about the bb/100 thing for this argument bc the games play 500-1000bbs deep. Live play is so diff.. you look for totally diff edges, you dont look at a HUD and try to find tight or lose players to counter(who are most likely close to or maybe above your skill level) those are such small edges that pay off small and only after a tun of hands, in live play you sit to the left of the drunk guy who just hit big on the blackjack table and let him pay you off with top pair all night, man im tired and dont feel like explaining everything but the competition is so much easier.

You guys are gonna have to forget a little bit about how far you have dissected this simple game and just go sole read the local hairdresser, the rich business man, the drunk douchbag and the old grandma at your local casino. Example-I made 2 buy-ins in a 7 hour session a couple months ago without ever holding better than 2pair.. this is almost impossible to do online considering the buy-in was $1.5k and the game was $2-5.. the games are just that soft... you can be totally card dead and do fine.

And as far as ppl saying that you will not see enough hands, and the swings will be crazy, well thats a good argument but playing that deep allows for a lot more poker to be played each hand, you will not be all in on the flop against a flush draw 5 times an hour, your gonna have to actually fold your set when that spade hits the river.. (You can say what you want ab that example but w.e. you get the point) but the problem will be that the low stakes grinders will not have the roll to play live considering the standard raise will be often be 7-13 times the bb. $1-2 might be closer to $3-6 or $5-10 online. And the $2-5 games can get real jucy, iv been on the right of guys holding 5k chips and 10k wads, gross when your buying in for less than 2k

I wouldn't be a great one to take advice from considering how often I go busto on the blackjack table trying to count cards and having many 10k losing sessions on the baccarat table but a few things id advise would be- forget ab steeling blinds(risk 15 to win 3?), forget ab raising with ATC just because you have position, for get ab 3betting light bc someone opens a lot (they WILL call) and they WILL NOT fold QJ on a J high flop when you cbet, table selection is VERY important (always take breaks and check on the other games and ask for a table change if their is no action at your table or you spot some fish sitting deep), and bluffing is less profitable unless you are sure its a great spot, these people want to pay you off so wait untill you have it and let them.


been playing live consistently for ab 7-8 yrs, all im saying is that its a totally diff skill set and if you guys can master it and be able to look at someone and know where they are at- you will do great live. Simply because you guys have so much more knowledge of the game than 75% of the live grinders and 99.99% more than the guy who plays once a year when he is on vacation.

p.s. wanted to add this but I forgot- their are several grinders at my local casinos (Biloxi) who literally sit there all day and wait for the nuts, these guys may only play 5-10 hands past the flop during a 10hr session, sounds supper crazy but they have consistently made a living for several years now, this would never work online and I have folded KK to a small 3bet against one of them(yea he had AA, his entire 3betting range against another good player) so they dont get much action from other regs but it doesn't matter because the tourists and vacationers will pay them off all day long.. and he could have laid down those aces(against some 60yr old guy) when they flopped a set because you can see NUTS written all over there face when they donk lead into you on 2 streets.. Im just pointing out that there are many ways to beat these games but it comes down to making reads, something a lot of ppl laugh at Helmuth for bragging about but its very true..

Anyways good luck at the tables and I hope everything gets worked out for you guys but trust me you can pwn the live games once you get use to it..
04-19-2011 , 05:38 AM
Quote:
Originally Posted by wandramp
dam it sucks to be american, most are Fat, no weed for sale in shops...
You've clearly not been to California.
04-19-2011 , 05:39 AM
Quote:
Originally Posted by *******
yeah i did forget about that, that makes the lifestyle sound 10x worse than i even thought it would be

there's a reason there's never been a single proven long-term live poker professional in the entire history of poker

it's just that back in the '60s through '90s there were 100,000 idiots who tried to do it, and the 10 luckiest who put themselves in positions to initiate separate revenue streams stuck in everybody's minds

if we could somehow know exactly how many hands of poker Doyle Brunson has played in his lifetime, every single one of us would lolsamplesize it

playing live poker professionally the way you do it online is a total myth

the ones we think have done it really just got lucky in a tournament, had the right look for a lucrative sponsorship, got lucky playing over their heads in high stakes cash games

ask an internet pro for proof of his long-term winrate and he can pull it up in 4 or 5 clicks, and it's mathematically verifiable, totally irrefutable proven stuff

no live poker player in history has ever done that

you'd literally have to play full time for at least a decade before you'll have a good enough sample size to estimate with any degree of confidence what your long-term winrate is

the loss in hands/hour is an absolutely insurmountable hurdle, i don't really care how bad the players are

online poker made professionals because high volume allowed everybody to cut through the variance, that's what made all these professionals

live poker just doesn't let you do that and can't let you do that because it lacks the technology to let you do that

jfldksjfsdklfjsdlkfds edit out the bad example
you are 100% right.

no one has ever made a living playing live poker.
the professional player did not emerge until the dawn of online poker.
before that everyone lost.

keeping records does'nt exist for live players, and they can never know how much they make an hour over X period of time.

oh, i forgot, live players don't make money, so if the DID have an hourly, it would be how much they lose.
04-19-2011 , 05:48 AM
Canada.

From Pokerstars, yes.

Haven't tried from FT.

Reports are that UB is stalling people.

--------------------------------------------------------------------------------------------------------------------------------------------------------

Yes can cash it out but successful to your ewallet or in pending?

I am the one who tried cash out at 15 April but until now still in pending no matter how many emails was sent.
04-19-2011 , 05:56 AM
lol Mike Matusow is playing $100/$200 Omaha H/L on Full Tilt, how's that possible?

      
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