Results 1 to 10 of 10

Thread: Why is it so hard to win $500 but so easy to lose $500?

  1. #1
    JK.
    JK. is offline PNW Elite
    Join Date
    Dec 2004
    Posts
    4,485

    Default Why is it so hard to win $500 but so easy to lose $500?

    The other day,one of the better players in my club,said to me,"It is so hard to win $500 but so easy to lose $500".
    I knew the answer.
    Do you know the answer?
    If you think you do please post.
    John Kocbek.

  2. #2
    pokeraussie is offline PNW Lurker
    Join Date
    Feb 2010
    Posts
    96

    Default Re: Why is it so hard to win $500 but so easy to lose $500?

    If winning was easy everybody would be winners.

  3. #3
    JK.
    JK. is offline PNW Elite
    Join Date
    Dec 2004
    Posts
    4,485

    Default Re: Why is it so hard to win $500 but so easy to lose $500?

    If eight players sit down with $500 each and the rake is 10% with a time charge and they play long enough,
    the rake will be over $3,000.
    That is exactly why it is very hard to win $500.
    Because most of the money has gone in rake.
    Is there anyone out there who does not understand this?
    Ofcourse,with a 5% rake and no time charge,the result will be the same ,it will just take longer.
    John Kocbek.

  4. #4
    pokeraussie is offline PNW Lurker
    Join Date
    Feb 2010
    Posts
    96

    Default Re: Why is it so hard to win $500 but so easy to lose $500?

    You just gotta be good enough to beat the rake.
    Last edited by pokeraussie; 08-12-2012 at 04:18 AM.

  5. #5
    JK.
    JK. is offline PNW Elite
    Join Date
    Dec 2004
    Posts
    4,485

    Default Re: Why is it so hard to win $500 but so easy to lose $500?

    Hi Pokeraussie,
    There could be someone out there who can beat the rake but I have never met anyone since I started playing
    many ,many,years ago.
    As far as I know only cheats and operators can beat the rake.
    In the long run,the best the "best"players can do is lose less or slower than the bad players.
    I the end all you have left is the "best"players but the rake never stops.
    So the "inferior best" players continue to pay the rake.
    In the end ,when only the few broke "best"players are left,the game dies.
    I have seen thousands of games come and go for this very reason.
    The evil rake.
    John Kocbek.

  6. #6
    LilyT is offline PNW Novice
    Join Date
    Dec 2012
    Posts
    1

    Default Re: Why is it so hard to win $500 but so easy to lose $500?

    $500 do you think it is enough for winning for ex. 5000?

  7. #7
    dr_protocol's Avatar
    dr_protocol is offline PNW Railbird
    Join Date
    Nov 2011
    Posts
    169

    Default Re: Why is it so hard to win $500 but so easy to lose $500?

    My gambling year ended yesterday. End result: profit of $10. I live over 250kms from the nearest casino. I ended the year with a trip count of 19 (to Melb, Syd, Bris, Cairns, Gold Coast). I won $6.5k at these casinos and picked up $4.5k on the horses. The 19 "holidays" cost $11k in transport, accom and transfers. I was plus $2k two weeks ago before trips to Melb and Sydney that didn't work out. But I was down $3k at the start of Oct; so I'm more than happy to end the gambling year at square 1 .

    All that poker is to me is the opportunity to travel for free. I see many regulars (the easiest genre to play against) on my travels to the low-stake tables in these capital cities. Quite a few would exceed my modest profits handsomely despite weekly variance. But they look sickly; pale skins, gaunt eyes, feeble bodies.....they don't eat well, sleep well or exercise. Mug numbers dwindle year by year; those that are grafting a meagre income by exclusively playing cards (and this is mainly Melb & Syd) will correspondingly dwindle.

    And to continue, when the "mugnumber" count reaches a critical level, it will get really hard for casinos as the core group of regulars that each casino has will evaporate, and the unbeatable rake notion that JK has introduced will be undeniable. But that point hasn't been reached yet. On the lower stake tables there are still sufficient mugs around, for a number of regulars to beat the rake.

    2013 for me means about 20 trips costing an av. of $650 each therefore $13k travel costs and 80 nights away from home in hotels in the above mentioned cities. Brisbane will be the focus, so my predicted costs might be a bit shy of the final annual cost. I survive year in/year out because I'm an A or B class player taking on those on D grade tables, and secondly I have interests outside poker and gambling that I pursue on my travels.

    So in 40 years of playing poker there have been 3 losing years mainly because I have done what I did this year; put up the shutters when in front and get ready for the following year with a wiser head, a better approach and a greater understanding of the key element of playing:discipline.

    And for me winning $500 and not losing $500 is more about DISCIPLINE than it is about rake structure. Take quick profits and bolt rather than continue and watch those quick profits evaporate through the night is more my playing style. Plenty of other things to do when you have a quickly reaped $500 profit in your back pocket, hey?

    GL to all in 2013

  8. #8
    JK.
    JK. is offline PNW Elite
    Join Date
    Dec 2004
    Posts
    4,485

    Default Re: Why is it so hard to win $500 but so easy to lose $500?

    A wonderful post Dr Protocol.Great to read with a lot of wisdom on offer.

    Discipline is the key word.
    You show good management with your winnings.You travel more than I do.Nineteen trips in a year,fantastic.

    The only thing I don't agree with is when you put shutters when in front.
    I am of belief that when you are in front and in control,you should twist the screw even more.
    Players are afraid of you as you have the game "by the balls".

    I put the shutters on when I am losing and can't seem to win a hand no matter what I do.
    To avoid going on tilt I close shop.When I have a night that I can't do a thing wrong I stay as long as I can.
    Now is the time for bluffing and punishing the other players for the times when I couldn't do a thing right.

    Just my style I guess.
    Anyhow,a great post from you Dr Protocol.
    John Kocbek.

  9. #9
    Spikey's Avatar
    Spikey is offline PNW Amateur
    Join Date
    Feb 2005
    Posts
    300

    Default Re: Why is it so hard to win $500 but so easy to lose $500?

    Quote Originally Posted by dr_protocol View Post
    Plenty of other things to do when you have a quickly reaped $500 profit in your back pocket, hey?
    Like what? Unless you like dancing around and drinking. I can never find anything else to do.
    If you want to die early, just retire -- Jeff Kennett

  10. #10
    JK.
    JK. is offline PNW Elite
    Join Date
    Dec 2004
    Posts
    4,485

    Default Re: Why is it so hard to win $500 but so easy to lose $500?

    Had nother player ask me tonight why it was easy to lose and hard to win.
    The game was hot and the rake was impressive.
    There was not one winner at the table but many chips were missing.
    Not one of these pros could work out where the chips went.
    Should I tell them ?
    Pros?
    John Kocbek.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •