I feel like such a stupid moron

[DBL]

Originally posted by: Chu
I've always said it and it still rings true - NL ring is a sucker's game. Even most pros avoid it like the plague because the variance for even good players is just nuts.

Sorry, but I find this to be an amusing statement coming from someone who just played multiple hands of BJ and Slots. Both those games have an obvious house edge. Regardless of the variance, a good NLHE player will come out ahead in the long run. Sure on any given night, you can lose but with proper play and the correct strategy, you can always win in the long run.

 

[Chu]

Originally posted by: DBL

Originally posted by: Chu
I've always said it and it still rings true - NL ring is a sucker's game. Even most pros avoid it like the plague because the variance for even good players is just nuts.

Sorry, but I find this to be an amusing statement coming from someone who just played multiple hands of BJ and Slots. Both those games have an obvious house edge. Regardless of the variance, a good NLHE player will come out ahead in the long run. Sure on any given night, you can lose but with proper play and the correct strategy, you can always win in the long run.

It's really simple - I in fact had the edge. I deposit $100, they give me $300 under the condition I wager $4,500 worth of bets. With a house edge of 2% under their rules (calculated at wizardofodds.com) I would loose $90, which would put me up $120.

-Chu

 

[DBL]

Originally posted by: Chu
It's really simple - I in fact had the edge. I deposit $100, they give me $300 under the condition I wager $4,500 worth of bets. With a house edge of 2% under their rules (calculated at wizardofodds.com) I would loose $90, which would put me up $120.

-Chu

I understand that but I was just pointing out that your comment about NL ring being a sucker?s game just doesn't make sense if we assume proper strategy.

 

[Chu]

Originally posted by: DBL

Originally posted by: Chu
It's really simple - I in fact had the edge. I deposit $100, they give me $300 under the condition I wager $4,500 worth of bets. With a house edge of 2% under their rules (calculated at wizardofodds.com) I would loose $90, which would put me up $120.

-Chu

I understand that but I was just pointing out that your comment about NL ring being a sucker?s game just doesn't make sense if we assume proper strategy.

I typed out a response that in retrospect makes very little sense. I will say this though. If we assume perfect play, then poker is house edge like any other casino game out there.

 

[DBL]

Originally posted by: Chu
I typed out a response that in retrospect makes very little sense. I will say this though. If we assume perfect play, then poker is house edge like any other casino game out there.

I think we agree for the most part. The thing is, at a 10-seat ring game, you only need 1 person to play like a fish and the rest of the players will end up profitable over the long run and beat the house edge. It is more often the case than not, to have multiple players at a table chasing all kinds of draws, two outers, etc. with poor pot odds.

 

[Kaiser__Sose]

how do you make $4500 worth of bets with $300??? i don't understand.

 

[memo]

a 200% bonus is pretty hefty. What else do they have besides BJ and slots?

 

[Chu]

Originally posted by: Kaiser__Sose
how do you make $4500 worth of bets with $300??? i don't understand.

Play blackjack for $5 bets. The variance is low enough that you should be able to bet $4,500 worth without going broke. Making $500 has a probability around 0.000001% according to the wizard of odds, I got *REALLY* lucky.

With slots, they advertise a return of 97.5%, but they had a feature called "autoplay". I essentially played slots for 2 cents a pull, set it to go until it hit $687.50 (Because mathematically I should lose $112.50 on $4500 worth of bets) and went away.

The reason why I went all the way up to $1900 is when I came back, I had $1k!. I decided to play myself for a bit for $1 bets, and I hit the jackpot and went up to $1300. I then set the bet to $5 a bet and said I'll stop it when I got to $1000. Well, soon after I hit the jackpot again and went up to $1900. I then set the bet to $18 (the next level) and said i'll stop at $1300. Well, I hit $1300, set the bet back to $5, and rode it all the way down to $500

 

[Chu]

Originally posted by: memo
a 200% bonus is pretty hefty. What else do they have besides BJ and slots?

They have all the standard games. Backarat, roulette, video poker, etc.

Their jacks or better game is *THE WORST* I've ever seen, and they disguise it cleverely. Most people who do a little research on google or the wizard of odds see people call pull pay jacks or better, which I believe has a payout rate around 99.54%, as "9/6" Jacks or better. The site tries to take advantage of it, with 6/9 payouts on Flush and Full House, but real "9/6" Jacks or better has payouts of 25/50/800 on 4x/str8flush/royalflush, and their payouts are only something like 20/40/400, which makes the game ridiclously biased towards the house.

Also, BEWARE OF ANY SITE OFFERING FULL PAYOUT DUCES WILD. Full payout deuces wild, played optimally, has a payout of 100.77%. The only sites known to offer this game cheat to regain the edge.