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I've been on 2+2 for the better part of a decade and can tell you the online poker community has far more pressing concerns than 'bots' that hope to eek out a f
by jiganti 16y ago
I've been on 2+2 for the better part of a decade and can tell you the online poker community has far more pressing concerns than 'bots' that hope to eek out a few dollars an hour playing a large amount of tables. [1]
It's certainly an impressive feat to be able to play 120 tables at a time, but naturally the more tables you play the less attention you are able to give to what's going on. As online poker sites give you a time bank of around 30 seconds, if you are playing more than 20 or so tables you don't really have time to consider more than your hole cards, the board, and the effective chip stack (whichever person has the lower amount of chips, applicable in "no limit" games). To play 120 tables and make a profit is only possible at the absolute lowest levels, when you're making decisions in less than a few seconds, and only considering the cards in your own hand. Even then, I can't imagine doing this successfully.
A common criticism in the poker community about people who play a lot of tables (anywhere from 6-12 tables is pretty standard for most professional online players, less than 6 shows a pretty remarkable discipline actually, excluding those who play heads up poker in which 2-4 tables is more common) is that these people don't have time to consider their decisions, and therefore won't improve. If they have a set decision they do in every type of situation, they won't get any better by failing to explore the value of each of their options. Further, the nature of online poker is such that the games have been getting increasingly tough each year, and failing to improve will likely turn you into a break even player.
The problem is that almost every competitive online poker player signs up for what is called "rakeback" from sites like http://rakemonkey.com http://rakemonkey.com and http://raketherake.com http://raketherake.com. In short, these types of sites have deals with the poker sites that allow players to get a percentage (usually 27%-30%) of their rake back (the few dollars from each pot that the site takes as profit). So playing 16 tables at a time becomes very appealing to the guy trying to grind out a living playing the $1/$2 no limit games, as he can easily make $5,000 from rakeback alone.
My theory is that as a player's poker career progresses (and he ages) he becomes more risk averse, and so rakeback becomes that much more appealing. By the time I turned 18 I was playing some of the larger stakes games online as the money meant little to me (purely out of ignorance to the value of a dollar) so I wasn't afraid to try to climb the limits as far as I could. As little as 18 months later I had dropped down limits after a number of high stakes shots ended badly, and afterwards while grinding the mid-stakes games, I loved my rakeback.
[1] http://forumserver.twoplustwo.com/29/news-views-gossip/ultimatebet-scandal-sticky-251207/ http://forumserver.twoplustwo.com/29/news-views-gossip/ultim...
- ahi 16y agoSo if I understand you correctly it can pay to just sit in on a table and auto-fold? From what little detail they gave in the OP it sounded like the guy must fold everything but primo.
- jiganti 16y agoIn hold'em variant poker games, there are typically two blinds that rotate around the table, forced bets that are similar to antes. This prevents people from folding indefinitely.
- JanezStupar 16y agoEhhh... that won't pay (don't you thin it would've been too easy?). The problem is like the other person said - there are two blinds that travel around so in every cycle you get to pay 1.5 minimum bet (thus ensuring that you loose money if you don't play). As for the rakeback... you only qualify for return of the rake that you "contributed" by winning a pot. So for example, you win a pot of 1000$ and the casino takes 100$ in rake from that. After rakeback you receive 30$ of that original rake. So many (most?) players rely on playing a break-even game and doing profit on rakeback. I read somewhere that pro's only win 7 big blinds per 100 hands (thats long term ofc). Thats little, very little. Rake is something that people often underestimate - its the same mechanism casinos use with green pocket on roulette etc... Its used to give casino an edge. Rake ensures that if you keep playing long enough you will run out of money - now matter how well you play.
- jiganti 16y agoNowadays, 7 big blinds per 100 hands is considered a very solid winrate at midstakes games (2/4 through 5/10). This is actually described as 3.5bb/100 which is read as 3.5 "big bets" per 100 hands, which is the traditional system used for limit hold'em, where a big bet is two big blinds. I remember way back in 2003/2004 when PartyPoker was the most popular site and people were posting graphs of 10bb/100 (big bets) winrates at stakes as high as 10/20 over hundreds of thousands of hands. The fact that having a winrate like that is impossible today even at stakes as low as 1/2 shows you how much tougher the games have become.