Can you make money playing online poker?

Discussion in 'General Business' started by shkad14, Jul 11, 2008.

  1. wisdomtool

    wisdomtool Moderator Staff

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    #21
    I did a research on gambling once, you can't win the casinos when it comes to gambling, a lot of things are psychological in nature. Believe me, casinos online or offline employed all of these tricks and more. You may win a bit in the beginning, but statistically the longer they kept you there, the more chances you are going to end up being a loser and they do have their ways of keeping you glued to your computer until you lost everything.

    It is not just a matter of skills, against multi billion casino operators, you don't stand a chance.
     
    wisdomtool, Jul 11, 2008 IP
  2. king_cobra

    king_cobra Peon

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    #22
    this holds true for games where we play against the house.. not for poker... for poker its always u against the other players in the table..
     
    king_cobra, Jul 11, 2008 IP
  3. Jim4767

    Jim4767 Prominent Member

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    #23
    "...an idiot ... dumbass" — Wow, pretty strong language for a friendly thread. :)

    • You bet $5 at the track, the track takes 15%, and you are competing against the rest of the bettors for the rest of the money that was bet.

    • You invest $5 in an online poker game, the site owner takes a 10% fee, and you are competing against the rest of the gamblers for the rest of the money that was bet.

    Sounds pretty similar to me. Why the tirade?
     
    Jim4767, Jul 12, 2008 IP
  4. wisdomtool

    wisdomtool Moderator Staff

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    #24
    Maybe he is in a bad mood. For me I take a stance against gambling, whether it wins money or not is secondary. It is just a personal thingy to me.

     
    wisdomtool, Jul 12, 2008 IP
  5. BP77

    BP77 Peon

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    #25
    Its a phrase, Mr Grumpy.

    You say yourself, they make a profit. Which is why the house always wins!!
     
    BP77, Jul 12, 2008 IP
  6. silveraden

    silveraden Banned

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    #26
    Gambling is a thing I hate... I hate losing money for nothing... (don't tell me you are always a winner..)
     
    silveraden, Jul 12, 2008 IP
  7. desertst0rm

    desertst0rm Peon

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    #27
    Try the poker in my signature NO DEPOSIT needed to play the Free roll.
     
    desertst0rm, Jul 12, 2008 IP
  8. wisdomtool

    wisdomtool Moderator Staff

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    #28
    No good forum ethics to do self promotion in an area where the discussion should be about General Business.

     
    wisdomtool, Jul 12, 2008 IP
  9. lifeplayer

    lifeplayer Notable Member

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    #29
    I never think i can earn big from gambling. Only the gambling site owner are winning big or the gambling site will down, correct me if i'm wrong
     
    lifeplayer, Jul 12, 2008 IP
  10. TheVccMatey

    TheVccMatey Peon

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    #30
    Never tried it, never going to either cause I've the worst luck ever!
     
    TheVccMatey, Jul 12, 2008 IP
  11. desertst0rm

    desertst0rm Peon

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    #31
    So what's wrong that? Atleast you can earn money there without gambling a single cent.

    Playing is different from gambling. Play don't gamble.
    If your playing you will earn money, but if your gambling your winning not earning it.
     
    desertst0rm, Jul 12, 2008 IP
  12. droopy420

    droopy420 Peon

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    #32
    If you know how to play poker then I'm sure you can make money with it, but if you have to ask this question that's probably not the case. Go play for free to learn the game, then if you like it and you're good at it start playing for real money.
     
    droopy420, Jul 12, 2008 IP
  13. nick2007

    nick2007 Well-Known Member

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    #33
    Yes, you can earn playing in poker, if you have the cold head.
    Also if you have a friendly partner you can get big money or big problems. he he
     
    nick2007, Jul 12, 2008 IP
  14. nervo

    nervo Active Member

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    #34
    Take care of your language, you might get banned in addition to being a jerk.
     
    nervo, Jul 12, 2008 IP
  15. mjmurphy53711

    mjmurphy53711 Well-Known Member

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    #35
    As you call me a jerk?

    Ha - point is 8 of 10 in this thread are clueless, especially the guy comparing it to horseracing.

    I guess I'm on a four year luck streak, making my living from playing poker and all- "beating the house"

    OP, again - it takes lots of learning and tens of thousands of hands of experience, plus some math, and you can win consistently.

    It's the ONLY form of gambling where you can through your own knowledge get your money in as an 80% favorite to win, where as even blackjack card counters best hope is to swing the edge to 52%

    endfreakingthread.
     
    mjmurphy53711, Jul 12, 2008 IP
  16. Jim4767

    Jim4767 Prominent Member

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    #36
    That is what happens in horse racing, despite your scoffing at my comment as ignorance.

    You put up your $5 for a ticket, the track (the "house") takes its fee, which in my day was 15%. Then you are betting against the rest of the bettors for the remaining pool of money.
     
    Jim4767, Jul 12, 2008 IP
  17. mjmurphy53711

    mjmurphy53711 Well-Known Member

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    #37
    Your argument is pointless because you cannot convince another better to give up his bet to you in horse racing, nor can you verifiably get your bet in as a 82% favorite to win or even a 100% favorite to win now can you?
     
    mjmurphy53711, Jul 12, 2008 IP
  18. Licensescript.com

    Licensescript.com Well-Known Member

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    #38
    Well you never know, The people who made the poker would of had of tested it ^^ so they would of got "paid" to test it if you know what i mean ^^ ;)
     
    Licensescript.com, Jul 12, 2008 IP
  19. Lemon116

    Lemon116 Active Member

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    #39
    Stop bragging about a "82% favorite to win" and share your experience with us :p

    :rolleyes:
     
    Lemon116, Jul 12, 2008 IP
  20. Jim4767

    Jim4767 Prominent Member

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    #40
    The math is simple. Enter the poker game you described for $5. Pay your 50 cent fee, and you've already discounted the value of your investment in the game by 10%. You need to win back $5.50 just to break even — that is, you need to consistently surpass "break-even" poker playing by 10% just to break even and get your investment back.

    Very few people will consistently play 10% better than all the others. The pros will (and you may be one of those), but the vast majority of players enter the game at the outset with a 10% financial disadvantage using the numbers of your realistic example.

    That's what I and some others mean when we say that the percentages are always against you, whether it be online, in casinos, or at the race track. So "can" you make money in online poker? Of course. Will you? Most will not.
     
    Jim4767, Jul 12, 2008 IP