Hi Mason
Quote:
Originally Posted by Mason Malmuth
While the percentages may vary a little bit this should apply to almost any poker room.
HereÂ’s how to see this. Suppose you have two players, A and B. A plays 1,000 hours a year and wins while B plays 10 hours a year and loses. ShouldnÂ’t A count 100 times more than B?
No, because I am talking about % of players not % of hours played.
Your contention is most people are winners because they play the longest.
The best players I know (solid proven live winners) tend to play only at the best times. Quality games over quantity.
A great person once told me, "Poker is a great part time gig and a poor full time one"
I have seen games during the day that are filled with OMC types, grinding it out for promotions or maybe comps.
They look at it as cheap entertainment even if they are slight losers.
Mostly terrible games where the biggest winners at the table are the rake and the dealer.
There are tons of these slight losers who play many hours especially during the week.
Quote:
Notice that thereÂ’s some sort of contradiction here. If only 5 percent of poker players win, why are there so many winners when you walk into a poker room?
Because there are not? I just don't see what you are seeing. That's my personal experience.
Most people are not great but even the half decent players probably can't beat the rake at 1-2 and 1-3
Quote:
The answer is in my example above and the 5 percent figure, while possibly true if everyone who sat down in a poker room was counted equally, is not accurate.
Mason
As mentioned I counted people not hours.
Have you ever sat at 1-2 to 1-3 games recently. The average player is not great. Of course the better players graduate to higher stakes pretty quickly leaving the pool at 1-2 to 1-3 (by FAR the vast majority of games AND hours being played) to losing players and a few who are barely breaking even.
You also have the players who are just good enough to win at 1-2, take shots at 2-5 or 5-10 and get smashed.
Are they winners or losers......Or are they part of poker ecosystem that funnels the money to the 5% of real winners.
Yet as my original point stated the vast majority of players at these games think they play well but almost certainly lose after rake and tips.
The poker delusion.
D.