silverfox432
Rock Star
Silver Level
Talking strictly poker, which is what this article is about, the casinos turn a profit against 100% of players, not just the 92% losers. This article makes poker sound like a pit game where the winners profit against the casino, and the casino profits against the losers. Those 92% are losing to the other players, not to the casino (aside from tournament juice). When you're talking cash games, the winners effectively pay 100% of the rake, while the losers pay none. So in fact, the argument could pretty easily be twisted to say that that in cash games, casinos only profit from the winners.First a very important figure. This is a figure Casinos, both online and land based, don’t want you to know. On average, 8%of those who play online poker turn a profit in any given fiscal year. This is both a commonly known and fiercely protected figure in the gaming community. You can imagine why they don’t want it to become common knowledge. Those in the Casino business are turning a profit against roughly 92% of those who either sit down in front of a computer or come through their doors!
The United States government was very unhappy that the money 92% of people were losing on gambling Web sites was going overseas. They have absolutely no problem with you losing money in State lotteries, United States based horse racing and or a Vegas Casino. It just doesn't want the money flowing to operators of these overseas Web sites.
A writeup like this can actually hurt the poker cause by suggesting poker is on the same level as craps, roulette, and other non-skill pit games. I'd like to leave a comment on the article saying as much, but really don't want to become a member to do so.