Profits In Future Poker?

Since poker is a fast growing game and so many people are getting more and more involved..and as it evolves more and more players evolve as well..so in the future will there be any profits to make since there will be so many good players?? Of course there will be alot of beginners but im thinking there would be lots of more good players as well...

What are your thoughts??

First and foremost poker is fun and it helps pass the time. As long as it is a gambling game there will be LOSERS. Good players lose all the time and bad players win too. Don't be fooled into thinking that reading the information on this site will do anything for you except maybe keeping losses to a min. Look at the final table at the wsop not a pro among them.

profit in poker

I mainly play for fun and enjoy the game. The game of poker is played with chips and as long as people are greedy they will take chances. This is were luck of the draw makes its mark., but only good player can consistently win and reach a profit. Even with loose players its hard to reach the final table and make big money. If you are fortunate to survive count yourself on the lucky side, most players dont have the patience to win tournaments on a regular basis to make a living. Professional players are low in numbers compared to the multitude that think their good.

hornellfred said:

First and foremost poker is fun and it helps pass the time. As long as it is a gambling game there will be LOSERS. Good players lose all the time and bad players win too. Don't be fooled into thinking that reading the information on this site will do anything for you except maybe keeping losses to a min. Look at the final table at the WSOP not a pro among them.

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wat???????????
Im a profitable online player, along with countless other regulars from CC, and personally, my game has improved so much since joining this site, trick is that you have to be ready to learn..................

Players get better as time goes on. The solution is to get better at a faster rate than others, and you will continue to be profitable.

hornellfred said:

Good players lose all the time and bad players win too. Don't be fooled into thinking that reading the information on this site will do anything for you except maybe keeping losses to a min.

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A somewhat pessimistic assessment.

As KD says, there are many players here at CC who win consistently and who are willing to freely share their knowledge to help you do likewise.

If you are so bad (or such a poor study) that that still won`t get you out of the red, take up golf instead, or stamp-collecting, or what you will. No point in throwing good money after bad.

99% of players are losers. I decided to look up the people that were beating me 1 time and virtually every one of them had considerable losses. I only play at the $5 NL and many of these guys had 3-4k losses!! You have to be very good to not be a loser in poker because of the rake. BTW most people overstate their winnings too. Not too many people want to admit they are losers.

light65536 said:

You have to be very good to not be a loser in poker because of the rake. BTW most people overstate their winnings too. Not too many people want to admit they are losers.

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I understand your point, many players do exaggerate and few want to admit their losses.

That doesn`t mean that nobody wins, however. Several of the regular members of Cardschat (including me FWIW) have made and continue to make significant profits, and their winnings have been well evidenced with graphs and screenshots here on the forum.

light65536 said:

99% of players are losers. I decided to look up the people that were beating me 1 time and virtually every one of them had considerable losses. I only play at the $5 NL and many of these guys had 3-4k losses!! You have to be very good to not be a loser in poker because of the rake. BTW most people overstate their winnings too. Not too many people want to admit they are losers.

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I am not a loser, so I must be top 1%!! Actually, I think that 5-10% of players are winning, but that's a guess (as is 99%).

I keep my own records for many sites, and my stats online do not reflect reality (for instance, my ring game winnings are not reported).

Yes there are more better players now (scuse my english), and the numbers will grow, but there's plenty of fish coming to the the sea for slightly less incompetent fishers like me!

And yes, I am still learning and moving ahead, always will be, and with help from forums such as this and other resources, intend to stay ahead of the pack.

light65536 said:

99% of players are losers.

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55% of players are losers.

Ask anyone with a large database of ring games. You'll find 55% of players are losers, and 45% are winners. It may shift a few percent in either direction, but that's what I've found, anyway. The winners and losers percentage is pretty much determined by the rake. Higher rake = lower percentage of winners.

PokerVic said:

55% of players are losers.

Ask anyone with a large database of ring games. You'll find 55% of players are losers, and 45% are winners. It may shift a few percent in either direction, but that's what I've found, anyway. The winners and losers percentage is pretty much determined by the rake. Higher rake = lower percentage of winners.

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Txs that makes more cents.

PokerVic said:

55% of players are losers.

Ask anyone with a large database of ring games. You'll find 55% of players are losers, and 45% are winners. It may shift a few percent in either direction, but that's what I've found, anyway. The winners and losers percentage is pretty much determined by the rake. Higher rake = lower percentage of winners.

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2 things, first off I think it's more like 65-35 or 70-30 in databases (I know it's easy to find in PT, but not in HEM, I'm just estimating based on the side bar and where even is), second off it was touched on in Irexes's thread, people move up in limits, thus even if in BB/100 they're up they play over their heads and lose at the higher limits what they've won in the lower. That's why percentage of players who win long-term is closer to 5 or 10%.

i think eventually poker will die off. a lot of people do it right now but i bet the majority of peopel will not keep playing everyday that do now. i know that when i first started playing all my friends said it would lose its luster. but it hasnt. that was 3 years ago. while i dont get the rush that i used to get i find myself trying to make the right decision in all my pots. so i think there will always be profit in poker. there will always be beginners and that is all you need to have profit. gl and play on.

Over the course of any extended period of time, roughly 5-7% of online poker players actually sustain a positive Return on Investment.

That is all.

iluvdahate said:

i think eventually poker will die off. a lot of people do it right now but i bet the majority of peopel will not keep playing everyday that do now.

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Could be, after all the game has only been around for a few hundred years and after that long a guy might get bored....

zachvac said:

2 things, first off I think it's more like 65-35 or 70-30 in databases (I know it's easy to find in Poker Tracker, but not in HEM, I'm just estimating based on the side bar and where even is), second off it was touched on in Irexes's thread, people move up in limits, thus even if in BB/100 they're up they play over their heads and lose at the higher limits what they've won in the lower. That's why percentage of players who win long-term is closer to 5 or 10%.

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Yes, I should have said that my current database is only from NL25 and lower. The discrepancy probably shifts as you move to higher stakes. You're probably right that only 5-10% of players will win in the long-term, but don't forget that many players never reach that long-term. Some will play for a few weeks, win a moderate amount, then let their account lie fallow. Technically, they are still winners, even if they lack the skills to win full-time.

A certain percentage of slot machine players are practical winners, even though we know that they will all lose over time.

Im pretty sure that as long as people are being born, there will always be new players to profit from.

Sure the average player base is getting smarter and better, but thats like in many different games and sports. Look at MMA, the mma fighters in the 90's would get demolished by virtually any basic contender now in 2008, they are WAY more well trained, have a better diet, train in not just boxing but jujitsu, wrestling, kickboxing, muai thai, etc etc. Pretty much every fighter that wants to "win" is incredibly well rounded. Just as a poker player should be very well rounded.

People evolve as the knowledge expands and becomes easier to digest and process, the internet is a key factor.

I think the USA plays a key role in online poker, the UIGEA really sliced into the gut of online poker for americans. Once Obama is elected (online poker is doomed if not) hopefully he will establish a proper law for governing online poker, instead of just rendering it null and void. Once this killer has been abolished, you will see a consistant influx of new online poker players.

And by the way its well known from a massive database of hands that its roughly 30% winners and 70% losers online, in the long run who knows? But in the month by month basis, that is fact.

Monoxide said:

I think the USA plays a key role in online poker, the UIGEA really sliced into the gut of online poker for americans. Once obama is elected hopefully he will establish a proper law for governing online poker, instead of just rendering it null and void. Once this killer has been abolished, you will see a consistant influx of new online poker players.

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ok pretty evident you don't really understand US politics. Congress makes the laws, and they just killed a bill that would fix the UIGEA. Who is President is of no issue if we can't get 50% in each house of Congress to pass a bill eliminating the ban.

And on top of that, the only reason generally poker players support Obama (on the issue of poker at least) is that he doesn't have a position, which is better than the anti-gambling position McCain has. We don't vote on a king here though, so until the majority of Congress will approve the law who is President is irrelevent.

No I dont understand it at all, but im just saying that there is virtually 0 chance any progress for online poker will be made if mccain is elected. Obama will at least try, correct? Congress really dont listen to the president at all? I would have thought that obama would be a factor in pushing congress in the right direction to legalize it....

well i dont think there is nothing wrong with online poker y the laws . all i know is obama should not be president ok lets all buy insurence,learn stupid spansh and be cowards and pull back our troops so we can make deals you pusy he is softtttttttt

suesue981 said:

well i dont think there is nothing wrong with online poker y the laws . all i know is obama should not be president ok lets all buy insurence,learn stupid spansh and be cowards and pull back our troops so we can make deals you pusy he is softtttttttt

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Wat

Monoxide said:

No I dont understand it at all, but im just saying that there is virtually 0 chance any progress for online poker will be made if mccain is elected.

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Agreed

Monoxide said:

Obama will at least try, correct?

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That's the thing, we don't know, he hasn't taken a definitive stance on the issue, however he does play, so that's a good sign.

suesue981 said:

well i dont think there is nothing wrong with online poker y the laws . all i know is obama should not be president ok lets all buy insurence,learn stupid spansh and be cowards and pull back our troops so we can make deals you pusy he is softtttttttt

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wow, can't believe I'm dignifying this with a response, but here goes. First of all the thing wrong with online poker laws is that legitimite businesses (credit cards and banks) are prohibited by the federal government to business in something they Constitutionally shouldn't be allowed to do. But they've ignored the Constitution for some time, why stop now?

And pull back our troops? Read the front page of today's Washington Post, they've got a story where basically the Iraqi President agrees with Obama's plan, although he wants a few extra months. Even McCain wants to decrease our presence there.

Don't even know what you're saying the rest of it, kinda funny that you say something about learn stupid spanish yet you apparently have yet to learn English.

UIGEA is a hugely important issue to American members, and I am sure the rest of us all sympathise.

The rest of the world is rapidly adjusting and moving on, however. Already, six out of the world`s top ten poker rooms are ones which have zero American players.

A couple more years and it will no longer matter in global terms (although of course it will matter tremendously to you guys) whether America ever gets straightened out or not.

Egon Towst said:

A somewhat pessimistic assessment.

As KD says, there are many players here at CC who win consistently and who are willing to freely share their knowledge to help you do likewise.

If you are so bad (or such a poor study) that that still won`t get you out of the red, take up golf instead, or stamp-collecting, or what you will. No point in throwing good money after bad.

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I am lousy at golf and the only stamps I buy are for mailing letters. I have played poker for almost 40 years and have had some good runs over the years. I have played internet poker since Feb. and am still learning the ins and outs as it were. The difference is night and day as far as I am concerned. The question of weather there will be too many good players and not enough losers made me laugh. I appreciate the good advice I have gotten on this site, but I am a gambler and know there are always more losers than winners. As PT Barnum once said: "There is a sucker born every minute, and two to take advantge of him."

wow

"well i dont think there is nothing wrong with online poker y the laws . all i know is obama should not be president ok lets all buy insurence,learn stupid spansh and be cowards and pull back our troops so we can make deals you pusy he is softtttttttt"

As an American, it is the ignorance, and anti-intellectualism, that people like you show, that make me wonder when I'll have to move to another country. I feel that the prosperity the United States has had over the last few hundred years (a blink in time), has made some people think that they deserve it without actually working for anything.

Is it a coincidence that a complete lack of intelligence in posts so often corresponds to the support of Bush or McCain politically?

No form of government is perfect, and the problem with democracy is that an uninformed population cannot be counted on to make intelligent decisions. As the popularity of anti-intellectualism increases, I fear that the IQ of our future presidents could be on par with that of our dead ones.

Idiocracy style.