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Poker Discussion
General Poker
Is it accurate that 96% of players lose money?
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[QUOTE="allfarewells, post: 6527112, member: 1004296"] So the info online I found is One of the reasons why players lose often at poker is due to the [B]inability to plan ahead[/B]. A lack of a tested and trusted strategy results in a poor play that leads to loss. Inability to plan causes players to make pie choices that all lead to a quick loss of liquidity hence reducing their time and chances at the table. The sad truth is that most people lose at online poker in the long run, even if they have lots of experience in live games. And transitioning from live poker in a casino to online poker can be a difficult adjustment in and of itself. Especially if you are used to looking for physical tells from your opponents in order to make informed decisions at the felt. The speed of action is also lightning fast as opposed to live poker, and it can get overwhelming quite quickly. However, with the right adjustments, these differences can work in your favour as well. You just have to follow the right strategy and be aware of some critical differences between live and online poker. The game is fundamentally the same, though, and online poker can also be profitable, with the added bonus of not having to put pants on to play. So what percentage of poker players are profitable? [B]Out of a sample size of 609 players from a Hold’em Manager database who had played at least 10,000 hands, only about 30% were profitable after the rake. While 18% of players were solid winners, 49% were moderate to significant losers. The 33% remaining players fell into the category of either small winners or small losers.The [B]biggest winner won $7,840[/B]while the [B]biggest loser lost $15,151[/B]. Clearly, it’s a lot easier to lose than it is to win. Only 18% of players had what is typically considered the standard of [URL='https://automaticpoker.com/poker-basics/poker-win-rate-explained/']what is a good win-rate[/URL].[/B] The exact percentage of long-term poker winners cannot be known. However, if you factor in rake and the fact that variance can make players quit during a losing streak, the actual number of players who are profitable over their entire lifetime is almost certainly very small; [B]likely somewhere around 15% or even less.If you think about it logically, losers are much more likely to quit poker and thus make up a much larger percentage of players represented in an active sample size.Basically, if a person is winning he or she is much more likely to play a larger sample size over a lifetime.In poker, the long term is one of those concepts that is completely subjective. Even so, what it boils down to is the number of hands played where one can be confident that he or she is either [B]definitively a winner or definitively a loser.For live players who might play somewhere around 30,000 hands a year, if they are lucky, the[B] long-term typically starts to come into focus at around 100,000 hands[/B]. However, since they are playing just 1 table in typically really soft games you can expect the average live winning players win rate to be higher than the average winning online player. Much love Danny 🙏❤️[/B][/B] [/QUOTE]
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Is it accurate that 96% of players lose money?
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