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Poker Discussion
General Poker
Is it accurate that 96% of players lose money?
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[QUOTE="zinzir, post: 5531944, member: 406896"] Because of how efficient rake is in removing money from the table, the vast majority of players are losing money in poker. Example: If 9 people sit and play at the same poker table, each of them starts with $100 and nobody re-buys, considering a 10% rake and a $10 average pot, after only 800 hands the last man standing aka the winner of the table will take home the great prize of $100. The rest of $800 would be pocketed by the poker room through the rake, so none of the players actually makes any profit. In real life we don't really notice the money vanishing from the table because of people constantly changing and re-buying. 96% is in my opinion a made up number since actual studies looking into the percentage of losing players do not exist. The reason is simple: rigorous studies are expensive and need funding to take place, and in the gambling world the money stays with the casinos. Why would a casino fund a study to prove that people are guaranteed losers? It would be like tobacco companies funding studies proving smoking causes lung cancer. On the other hand, nonprofit organizations like "gamblers anonymous" simply don't have enough money to spend on scientific studies like that. [/QUOTE]
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Is it accurate that 96% of players lose money?
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