The Future of Fish and the Profit we make. |
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Posted Mon Sep 11, 2006 4:22 pm GMT by Implied_Odds
I've been playing live low limit hold em consistently on weekend nights for the past year. For the year, I've made a profit. I haven't kep any records but I feel I made around 1-2 big bets an hour. I play a tight aggressive style and use the great low limit hold em books, "Small Stakes Hold Em & Winning Low Limit Hold Em" as guide lines on my playing stlye. Majority of the players I've played against are really bad. They will call preflop raises with any two cards and call bottom pair all the way down to river. If it wasn't for all the fish (mainly passive fish), I wouldn't of made any profit at the game. If I played against someone of my caliber, I would lose because of the rake.
So, my question is. What are your thoughts on the future of fish? Will these guys ever get any better. To be honest, I don't think they ever will. I think most of these guys play poker like its Craps or Slots. They love getting lucky and hate folding hands that have a chance to win even know their expectations aren't good. People just like to gamble and throw their money away.
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Posted Mon Sep 11, 2006 4:25 pm GMT by Implied_Odds
By the way, is it true that people really make $60k a year playing low-limit hold em games. That has to be online ya think?
Posted Mon Sep 11, 2006 5:03 pm GMT by xDiamond_CutteRx
| Implied_Odds wrote: | | By the way, is it true that people really make $60k a year playing low-limit hold em games. That has to be online ya think? |
Multi-tabling $3/$6 or $5/$10 I'd say it's possible (but doesn't sound like much fun). I once estimated that if I played the $4/$8 Hold'em 5 days per week for 8 hours per day at Lucky Derby, I could expect to make about $28,000 in a year (not exactly my idea of big bucks, but it's not the worst, unless you consider that includes no benfits).
As for the fish, most of them will never get any better. For many, it's simply a means of recreation like any other form of gambling that they do just for fun and consider mostly "luck." Others are simply too stubborn or stupid to learn how to play the game well.
Posted Tue Sep 12, 2006 9:13 am GMT by golddog
I disagree, only I think it's semantics.
Individual players will indeed either get better or lost interest. To keep pouring resources down a hole isn't any fun.
The pool as a whole, however, won't get better. There will always be beginners and plain bad players.
Now, it must be noted, as some of the elder statesmen like Doyle have had to do, you might have to change your game if you're still playing years from now to combat new styles. But, let's burn that bridge when we get to it.
I can't remember whose line it was, but somebody once said something like: think of the average person. Then remember that half the world is dumber than that.
Posted Tue Sep 12, 2006 9:52 am GMT by Dave B
I dont know. I see a lot of "regulars" who play they same losing style everytime. I think for many players, they enjoy the gamble more than the game. They LOT to win a big pot w/ runner runner flush and stack up a mountain of chips. It doesnt matter to them that it cost $500 to finally win their $300 pot.
People with this "gamble" mentality get hot and win 3-4 racks one night, but drop 2-3 racks 80% of the time and complain about their bad luck.
Casinos make money because players enjoy the action of the game. Those gamblers play poker too.
Posted Tue Sep 12, 2006 4:20 pm GMT by weirdofreek
Think of how bad you were when you started. You got better. There are still fish. When the fish get better (or go broke) more will come along.
Posted Tue Sep 12, 2006 5:06 pm GMT by Jauron
I think the average person peaks early, few months and won't improve much after that. I have a buddy who I taught most of what he knows and he hasn't learned much of anything beyond that. I ask him why once in a while and he claims it's more of a social thing for him, but then gets upset when he blows through a few hundred.
I've played in a home game for probably around 4-5 years. I've watched the players, most have gotten better, but most haven't gotten much better or play much differently than they did after say year 1. I've changed my style up a few times (I was a tight passive player who only made money because the really aggresive players didn't challenge me often) and I like to think every 6-10 months I change enough that you wouldn't see the same game from me. I feel if nothing else that allows me to have several gears I can go to when I need them.
I feel I'm playing the best I've ever played but still have plenty to learn. I just wish someone in our homes showed me something new and/or I did better online where I am at best a break even player.
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