Quote:
Pokerdemic, come on man. Everything in the world is done in terms of exploiting the lack of intelligence/understanding of others. People who hold that information use it in ways to profit from others. Some of it is fine while other instances are highly immoral and essentially stealing. That's why in regulated industries, the government institutes regulations so that information gap cannot be fully exploited. Obviously, there are no regulations here.
But there are quite a few regulations here. This thread is an example of one, a consumer warning that functions as a type of peer review in the same way that the massive amount of book reviews published about the ebooks function as peer review. The NVG army is currently out in full force running boywonder's history through the ringer in the other two threads, digging through his posting history and debating the nature of bumhunting.
Instructional gambling materials have a long history that date to the Renaissance, and mentoring up-and-coming players has long been a part of professional gambling, whether or not those gamblers were making money as honest card players or as scam artists. Selling the "magic bullet" has been part and parcel of many professional gamblers repertoire. This is the latest iteration of a shadowy industry, but this is as transparent as it has ever been, because there are massive amounts of information available for anyone who wants coaching.
Stopping predatory coaching is currently the burden of the student. Except for longevity in the industry, it is impossible to gauge an individual player's success or winrate. That is a fact of professional online poker. PTR has severe flaws as a tracking mechanism. The only way to verify a professional gambler's winnings at the moment is by having him post a tax return, and we all know that might not be accurate either, and it sure wouldn't measure his efficacy as a coach.
I don't know who the hell is buying this coaching, but I would presume anyone in a position to pay $400 an hour for this "predatory" coaching would also be in a position to evaluate and assess it reasonably well, especially because if they have made it to that level, they should have an established poker network that provides referrals and references. They should know how active a player the coach is, how long he has been sustaining a living playing poker, and they should have talked to former students of that coach.
If someone invests thousands of dollars in a coaching package without doing a couple dozen hours of homework then lol. He was going to be parted with his money in one way shape or form anyway.