why so many grinders at cash games making so little money?

#1 15th August 2010, 4:34 AM

Kind of a strange question. I noticed there's players putting in 100,000's of hands and barely making any money at some of the lower levels where you're not even making much in rakeback. I just don't get it. If I was playing 8-12 hours a night every night and barely making money. It's not something I'd continue doing. It just seems like they have to be bots to me.

#2 15th August 2010, 4:50 AM

Maybe they are multi tablers? Some people that play 12 tables at a time don't have they highest return on investment but since they play so many tables it just adds up over time.

#3 15th August 2010, 5:27 AM

Don't forget about rakeback.

That small % of every pot adds up, especially once you're breaking six figures of hands and only show a slight incline on your graph.

#4 15th August 2010, 5:35 AM

one example:
260,000 hands, 12 hours a day every day. net -$53, and 263$ in rakeback.
doesn't seem worth it. what's the hourly pennies?

#5 15th August 2010, 5:46 AM

Damn, $263 a day in that rakeback? Damn, 260k hands in a day?

I'm averaging about $263 a day, but that's on tops 100 hands a day. Stupid jerk rakeback.

#6 15th August 2010, 7:28 AM

Because most people don't do well and the success of the gambling industry has always depended on the tendency of people to ignore data and believe things will start going their way.

#7 15th August 2010, 3:39 PM

Quote:

Originally Posted by Weregoat

Damn, $263 a day in that rakeback? Damn, 260k hands in a day?

I'm averaging about $263 a day, but that's on tops 100 hands a day. Stupid jerk rakeback.

nope 12 hours a day every day playing about 5,000 hands a day.
to make pennies? there's actually a human doing that? how is that not a bot.

#8 15th August 2010, 3:50 PM

Quote:

Originally Posted by coolnout

one example:
260,000 hands, 12 hours a day every day. net -$53, and 263$ in rakeback.
doesn't seem worth it. what's the hourly pennies?

What stakes are you talking about? 260K hands would be thousands in rb even at 25nl.

#9 15th August 2010, 8:56 PM

Quote:

Originally Posted by WVHillbilly

What stakes are you talking about? 260K hands would be thousands in rb even at 25nl.

lolno 5NL.

#10 15th August 2010, 9:08 PM

Quote:

Originally Posted by coolnout

one example:
260,000 hands, 12 hours a day every day. net -$53, and 263$ in rakeback.
doesn't seem worth it. what's the hourly pennies?

Are you saying that they are earning $50,000 a year from poker, assuming that they work 5 days a week at it?

#11 15th August 2010, 9:25 PM

Could you post the name of the person you're talking about so we can look on PTR to see what you're saying? Post it like xxNAMExx so they won't find themselves if goggling their screen name.

#12 15th August 2010, 10:25 PM

How many tables at once is this? I do about 1000 hands in 3 - 3.5 hrs 4 tabling.

Don't mean to sound like a noob but what is PTR?

#13 15th August 2010, 10:32 PM

http://www.pokertableratings.com/

#14 16th August 2010, 12:56 AM

There's lots of idiots that play poker. What can I say.

#15 16th August 2010, 5:53 PM

Quote:

Originally Posted by thepokerkid123

Because most people don't do well and the success of the gambling industry has always depended on the tendency of people to ignore data and believe things will start going their way.

This. Also, I think there is a general tendency to ignore $/hour. We all know all about bb/100 and BB/100, but if it equates to $3.5/hour, it might be time to switch things up.

#16 17th August 2010, 2:41 AM

Quote:

Originally Posted by WVHillbilly

Could you post the name of the person you're talking about so we can look on PTR to see what you're saying? Post it like xxNAMExx so they won't find themselves if goggling their screen name.

sure no problem wasn't sure if it was allowed. xxZaon28xx
That's just one, but there's literally tons of these guys out there at every stake. It just doesn't make sense to me to be doing it at the lower stakes. 12 hours a day for what is gonna work out to pennies an hour.

#17 17th August 2010, 2:58 AM

Bot. Almost certainly.

#18 17th August 2010, 3:20 AM

its the same concept for low sit and goes. i never really noticed until a friend brought it to my attention. unless you are playing over $5 sit n gos, you are virtually making no return on investment in the long run no matter how much of a winning poker player you are. so the only reason to play low stakes is to build a bankroll for higher stakes, it will cost you money in the long run, basically almost the same as low stakes cash games

#19 17th August 2010, 5:49 AM

Quote:

Originally Posted by WVHillbilly

Bot. Almost certainly.

That's what I figured. Full ring low limit cash games on FTP seem to be infested with bots. :/ 300,000+ hands and they haven't caught on yet?

#20 17th August 2010, 5:56 AM

Why would FTP care? They generate rake. I mean they'll investigate if they're reported but why would anyone report them? They're pretty bad.

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