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General Poker
Can you become a rich person with poker?
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[QUOTE="Zirkzee, post: 5897620, member: 450804"] [COLOR=#222533]For most people, online poker is actually not profitable. But that's not because the poker software is rigged. The poker software makes enough revenue from the rake. The software does not have to artificially raise the pots. No, there are simpler reasons and that is called variance. Let's do the math all through. The winnings in online poker are not as high as in live poker, as many of the advantages of a good player are lost, such as the psychological component and the opponents are worse. That is why a good player can win 5 big blinds for 100 hands in online poker. That's a very good value. However, a player will not always win exactly 5 big blinds for 100 hands. Because poker is also dependent on luck. That means every player has fluctuations in his winnings. This is called variance. And a low profit margin has a damaging effect on variance. The standard deviation in poker is 100 big blinds for 100 hands. This means that even a good player can lose 95 big blinds to 100 hands. If you put these values in the simulator, the results are terrifying. In around 35 percent of his playing time, this player is stuck in a downswing of 2000 big blinds! With a session of 10,000 hands there is a probability of 60% in the minus! It is therefore not enough to play 2 hours at 2 tables every day. You have to play a lot of hands to compensate for the variance. You have to play 20 tables for 8 hours a day (and against bad players) to beat the variance. it's impossible for people with a normal job. In addition, the win rate can also come under 5 big blinds. For example, when you have phases in which you play worse. Because of this, it is impossible for ordinary people to make a profit from online poker. Variance is a bitch.[/COLOR] [/QUOTE]
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