'Living off the losers' - Poker, the moral predicament?
Hi low/mid/high stakers.
Recently i've been having to defend myself amongst my friends regarding my aspiration to being a full time poker player. Firstly they don't believe one can earn a living from gambling, secondly they think it's a slippery slope... now those two things can be dismissed and turned around quite easily... but thirdly they say that we're earning a living off SOME people who have gambling addictions who just buy in and spew.
I threw in a guess that that isn't the case because of the poker economy. Losers give money to winners, sometimes winners give money to losers, but losers become winners and the cycle continues.
But i need to ask this fundamental question about earning a living from playing poker (mainly online, there's probably a much larger degree of drunken spewtards in vegas casinos so lets concentrate on online poker).
As a guess, what percent of online players have real issues and don't pay any mind to BRM etc. and just fuck their lives away at the tables?
I think no more than 0.01% but if it were a lot higher, like say 20% i'm not so sure i'd feel comfortable earning a living off them. But again, i really don't think this is the case and i just wanted to get some real feedback about the issue for my own conscience and so i can tell my friends they don't know what the f--k they're talking about :D
Re: 'Living off the losers' - Poker, the moral predicament?
If we're all winners, where is the money coming from? Your description of online poker sounds to me like some sort of great big Ponzi scheme - which by definition has to come crashing down at some point when we run out of fresh losers to come in.
The truth is that there are a lot more losers than winners out there in online poker land. Poker is a negative sum game - every dollar you win someone else has to lose, and when you include rake ...
I would say that more than 80% of online players don't pay any mind to BRM and donk away their money with no real idea what they're doing. However most of them are playing for entertainment with money they can afford to lose, so why would I feel sorry for them when I clean them out? My guess would be that the ones with real problems are a very small minority.
Re: 'Living off the losers' - Poker, the moral predicament?
Quote:
Originally Posted by TonyB73
I would say that more than 80% of online players don't pay any mind to BRM and donk away their money with no real idea what they're doing. However most of them are playing for entertainment with money they can afford to lose, so why would I feel sorry for them when I clean them out? My guess would be that the ones with real problems are a very small minority.
This.. However, I would say 80% is on the low end. I mean there are numerous people on this site that has been introduced to bankroll management, yet still do not understand it's importance and fail to adhere to it. Imagine if you have never been introduced to the concepts of variance and BRM.
And basically, poker is like any other game/sport. The good will prevail. I wouldn't feel bad if I spent countless hours getting good at football/baseball/etc, and continually beat someone who didn't put in the time and effort I put in. In both cases, their lack of effort have cost them wins, and money.
Re: 'Living off the losers' - Poker, the moral predicament?
Quote:
Originally Posted by XxStacksxX
Quote:
Originally Posted by TonyB73
I would say that more than 80% of online players don't pay any mind to BRM and donk away their money with no real idea what they're doing. However most of them are playing for entertainment with money they can afford to lose, so why would I feel sorry for them when I clean them out? My guess would be that the ones with real problems are a very small minority.
This.. However, I would say 80% is on the low end. I mean there are numerous people on this site that has been introduced to bankroll management, yet still do not understand it's importance and fail to adhere to it. Imagine if you have never been introduced to the concepts of variance and BRM.
And basically, poker is like any other game/sport. The good will prevail. I wouldn't feel bad if I spent countless hours getting good at football/baseball/etc, and continually beat someone who didn't put in the time and effort I put in. In both cases, their lack of effort have cost them wins, and money.
Shit, I was playing against some guy in 100NL HU and he was like "how many buyins do you have?" of course I didn't answer, but he had 16 buyins and playing NL100, heads-up no less
obviously he knows about BRM and obviously he doesn't give a shit