Quote:
Originally Posted by Josem
Reducing variance likely increases the profitability of the poker site, 'cause people are less likely to cash out a small win than a big win. Hence, the money churns over and over again, being wagered (and raked) multiple times.
(Incidentally, this is why the fiction of the "action hand" is such ignorant bull****)
Yep,exactly
I started to play those just to make more money to enter more MTT's and i believe that was the reason they atract so many players.
It's more likely to play a spin of 7's where you can win 6x the buyin and play for very short time,than to play a 7's MTT where you likely make extra 3$ if you min cash(much more time,bigger rake,even worst payout).
In my oppinion,these changes will affect them in long term,because those that played spin's every day will reconfigure their playing schedule.
Anyone else who consider that variance will be smaller into this games are playing 0.25$ or 1$ spins,which obviously dont matter for rake itself.
Whoever gets those decission,wheater it's about MTT or spins or cash game,should be fired.Decreasing guarantees for most MTT's,decreasing payouts in spins,increasing rake,non existent rakeback etc it's very bad for a business in long term and even worst for players.
The theory of casino
All the recs started playing MTT's just because of that Glitch(by winning large amounts of money only to invest small amounts of money).If you think about lottery,you will see my point(And spins are lottery-others call it variance).Everyone plays for big amounts of money,although they know they wont ever win that big.But in the end it's a business decission.