The real truth about online poker finally revealed by Pokerstars Strike

The real truth about online poker finally revealed by Pokerstars Strike

In this story:  In response to the recently-announced changes that PokerStars plans to implement on Jan. 1, 2016, over a thousand professional poker players host a 72-hour strike, on PokerStars (Dec. 1-3, 2015), protesting against the changes to rake and playing conditions announced. A number of high profile players, including Danni “Ansky” Stern, Ben Slusky, JC “PrtyPsux” Alvarado, Peter...

In response to the recently-announced changes that PokerStars plans to implement on Jan. 1, 2016, over a thousand professional poker players host a 72-hour strike, on PokerStars (Dec. 1-3, 2015), protesting against the changes to rake and playing conditions announced.

A number of high profile players, including Danni “Ansky” Stern, Ben Slusky, JC “PrtyPsux” Alvarado, Peter “Apathy123” Jetten, Phil “MrSweets28” Galfond, Ola “Odd_Oddsen” Amundsgaard, and Justin “ZeeJustin” Bonomo, joined te protest, because one of the elements of the PokerStars changes is to reduce VIP benefits from high stakes cash games. PokerStars announced that on January 1, 2016, FPPs will be named StarCoins and its value will be reduced to $0.01. Also, Supernova, Supernove Elite and Platinum Star players will have their rewards slashed and capped, followed by a complete removal of any rakeback for high-stakes cash games ($5/$10 and above).

All these changes affect especially the “winning” players: the multi-table cash grinders, mass-tabling tournament guys, and the higher-stakes players. The truth is that these players can earn enough money by playing online poker, mostly because of the reward system – who allow even a ‘losing’ player to make a wage playing enough time and making enough ‘rakeback’. With just some notable exception, almost all “winning players” are not really winners at the poker tables.

This make us to conclude in a spectacular way: all you read about the poker game until now it was just marketing; the real game is a bit different than most of us are thinking. Without rewards the “long-term theory” about “winnings” become deprecated and poker looks much more like a game of luck than a game of skill. That,s because the strike finally reveal the truth behind the players winnings: in online poker, the “skill” consists mainly in the ability to lose less than the rewards received for this loss!

rakeback

The story The real truth about online poker finally revealed by Pokerstars Strike was published in  Hot Poker Stories , . Tags: ,

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