Gambling helpers.. lol what a joke

  • 19 replies
    • w34z3l
      w34z3l
      Coach
      Coach
      Joined: 03.08.2009 Posts: 13,295
      That was one screwed up read. In fact, I think my eyes might be bleeding.

      So the guys theory is because the house takes rake you will lose in the long run. It should be - because the house takes rake, the house will win in the long run. Not the same thing. A player wins his money from other players, and so long as he wins more than the rake deducts, he will turn a profit.

      The thing that worries me is this guy is a university graduate who majored in finance.

      Then again, it does seem like some sort of webpage to help gambling addicts. Perhaps they've decided an outright fallacy is preferable to letting certain no-hopers believe they have a shot of winning at the tables.

      w34z3l
    • elhh82
      elhh82
      Bronze
      Joined: 03.09.2008 Posts: 6,838
      he forgot to factor in rakeback OBV! :f_biggrin:
    • ImAnAcehole9
      ImAnAcehole9
      Bronze
      Joined: 16.10.2009 Posts: 128
      You will probably find that this guy is a "reformed" gambler and has found god etc etc.

      I have found that reformed gamblers need to justify thier losses and "have seen the light brother". They start ramming thier misguided beliefs down to people who he believes are on a path to ruin as he may have been.

      I would like to add that I am a definate winner at my local casino, don't get there too often, the commute sucks and I ride a donkey so it takes forever but yeah I have had days that I've lost some $$$$ but I am up a few grand.

      The same could be said for life in general, we pay taxes for what we earn and depending on what you earn depends on % of tax taken, this tax is used to provide roads to get us to work and infastrucure to spend our hard earned $$$.

      Poker we pay a rake for services rendered by casinos/online poker rooms, depending on what you win in a pot depends on % of rake taken. This rake is used to provide tables/dealers and turn a profit for the casino and the casino inturn provides infastrucure to spend our hard earned $$$, (hookers etc :s_biggrin: )

      It sounds like he was a losing gambler and out of frustration tried all sorts of in his words "strategies" to become a winning gambler but failed...........maybe he should have tried Poker Strategy :f_eek:
    • kAoChAn
      kAoChAn
      Bronze
      Joined: 20.10.2009 Posts: 76
      any compulsive gambler who believes s/he's being cheated by the site while on a losing streak would probably be convinced by this...

      it reminds me of a friend's embittered blog after a breakup...

      the "author" keeps on mentioning 'top poker players know' etc but he couldn't get a statement from any pro...major fail... :f_mad:
    • JuiceQuadre
      JuiceQuadre
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      Joined: 05.10.2008 Posts: 2,688
      Nice one =)
    • advola
      advola
      Bronze
      Joined: 24.06.2009 Posts: 361
      bIg bunch of bull!!!

      But i glad it on that site, it can trully help losing gamblers
      to stop play, even if in that case they are reading pure lies
      or bullshit or dumbness
    • ZhiCheng
      ZhiCheng
      Bronze
      Joined: 04.10.2008 Posts: 2,294
      What are you talking about ? Everybody knows poker is dressed up roullete .. :f_confused:

















      (yep, laughter expected)
    • GunFlavoured
      GunFlavoured
      Bronze
      Joined: 19.10.2008 Posts: 626
      Nooooooo, don't tell the fish that they're going to lose, we need that dead money. The only fact in that article is that the house will always win, doesn't mean other players can't win. Why am I even arguing this? Lol, nobody on here beleives that shit anyway.... How did he manage to get through finance at uni???? WTF! :s_confused:
    • NickParkes
      NickParkes
      Bronze
      Joined: 07.07.2008 Posts: 1,526
      OMG I am going to lose :f_cry:










      No really, I tried to find his email address to send my referral code... sounds like he's a great candidate for a free $50....
    • swissmoumout
      swissmoumout
      Bronze
      Joined: 23.02.2007 Posts: 3,385
      ok, it's fairly retarded, but how effective do you think a gambler-helping-site thingy would be if they admitted it's possible to win?
    • Berkstajger
      Berkstajger
      Bronze
      Joined: 19.03.2009 Posts: 878
      Well, I'd say it's about confronting your fears, not running away from them. And by being convinced that online poker is rigged just because you know squad about BRM and basic odds, than you're not doing much of a favour to yourself, because the next time you'll have a chance to join a game of poker, you'll play it the same way as you did before - the gambling way.

      However, it's much simpler to just be sure that poker is pure gambling and never touch it again.

      So, if I translate into poker language:

      A: We have to invest 1 month of time to quit poker. That gives us EV 0, since we won't be losing anymore money, but on the other side great reverse implied odds, because we would potentially gamble away our entire RL BR - car, house, wife... let's say 200.000$.

      B: We have to invest 12 month of time to learn poker. That gives us EV 1000$/month. Great implied odds follow by becoming a very good poker player who could earn up to 10.000$/month.

      Presuming 1 month of life costs 1000$ in A we win -1000$ in 90% of cases(presuming 10% of gamblers can never get out of it). By including reverse implied odds, we don't lose 200.000$, so actually our EV is 199.000$ in 90% and 201.000$ in 10%.

      And so on... if anyone wants to elaborate this any further, feel free to do so. I just remembered I have to get up early and really don't have time to spam around forums. But I think you got the idea how to (dis)prove this guys line of thinking... :D
    • redskwerl
      redskwerl
      Black
      Joined: 03.03.2008 Posts: 3,802
      Originally posted by swissmoumout
      how effective do you think a gambler-helping-site thingy would be if they admitted it's possible to win?
      this!

      so yea, okay, the article is bad for online poker and well, kind of retarded in that it fails to
      consider the possibility that some players will lose money at a higher rate than the rake, thus allowing others to overcome the rake effect and actually win (duh, lol)

      but to be fair he's not that far from the truth, poker for the vast majority of people is a complete waste of time and money.
    • One12ver
      One12ver
      Bronze
      Joined: 22.05.2008 Posts: 249
      [QUOTE]Stephen Katz is a graduate of Penn State University having majored in finance. Since graduation he has worked for over twenty-five years in the computer graphics printing business mostly dealing with engineering and design applications. He has been involved with gambling since being a teenager having gambled many thousands of times at casinos, horse racetracks, stock brokerage firms, sporting events, card games and more. He has experimented with hundreds of different gambling systems, strategies and techniques. He has discussed gambling with thousands of other gamblers. He has explored the world of gambling to the fullest. A lot of money was lost but there was always the hope that with a new system, better skill or just some good luck then today could be the start of making money. At some point it had to be acknowledged that making money at gambling was not going to happen. There was a need to quit gambling but the desire was still there. Everyday the thoughts were there that today could be a lucky day at gambling[/QUOTE]

      At least they found the best guy to write this. Although I don´t think too many PS members will ever make it to a gamblers help site.
    • randomdonk
      randomdonk
      Bronze
      Joined: 02.08.2009 Posts: 1,984
      He has experimented with hundreds of different gambling systems, strategies and techniques, like "minbet all streets, shove river" strategy or the well known "every ace is a premium hand" one. He has bitched about gambling with thousands of other fish. He has explored the world of dumb gambling to the fullest. A lot of money was lost but there was always the hope that with a new system, better skill or just some good luck then today could be the start of making money. he opted for the third option since thinking is too hard. At some point it had to be acknowledged that making money at gambling was not going to happen if the brain was not to be used. There was a need to quit gambling but the desire was still there. Everyday the thoughts were there that today could be a lucky day at gambling, after all, it's all about luck right?


      fixed
    • Gabinr1
      Gabinr1
      Bronze
      Joined: 05.04.2009 Posts: 7,755
      Somebody should have told him about BRM :)


      There is no other way to lose all your money.



      All the professional poker player and big names in poker are live proof that poker is not just a game of luck.



      PS: owning a poker website/platform is surely more profitable than playing poker :) (but there are already so much, you would have severe competition - it will have to be really special to take over FullTilt and PokerStars, but if you manage to do that, then you hit it big time)
    • andreibalint
      andreibalint
      Bronze
      Joined: 11.04.2009 Posts: 872
      Well the rake thing is just a nasty thing that is has to happen in most of the areas of our lives, we have to go past it.

      In game theory (i think) it's developed the concept of null-sum game. Easy way to explain it it if someone loses somebody else must win that amount. And there's the frequent mistake of thinking this is the case in a lot of areas, like trading, maybe poker.

      Here rake/comission messes things up and if you and your opponent edges are small you'll go to lose-lose. I guess this is what that idiot was trying to say.

      So you have the same skill with all the others- you lose money, you have some but you are under the rake - you lose money, you are above it - you win money.
    • mannext2u
      mannext2u
      Bronze
      Joined: 13.08.2008 Posts: 37
      Don't you people know there's no skillful play in poker. It's all about luck, just like chess or playing the piano.

      Anyway I had some funny moments while reading this "expert" ty.
    • ImAnAcehole9
      ImAnAcehole9
      Bronze
      Joined: 16.10.2009 Posts: 128
      I lost last night, should have listened to this guy he is right on the money. :f_p:
    • aceonetheriver
      aceonetheriver
      Bronze
      Joined: 26.12.2008 Posts: 591
      "1. How do you know the other online poker players are real? You could be the only real player at the website table with the rest being software program players which would be programmed so that you could not possibly win even in the short-run."


      is this 4 real?! i mean wow..so creative bullshit ...so sad to read that sh1t ...