Confusion About Party Conventional Wisdom.

[Cry Me A River]

The fish will get tired of loosing money at NL about the same time they get tired of loosing money at Blackjack and Slots.

And they don't [/i]always[/i] loose. We've all seen uber-fish sitting with 500BB stacks in 100BB buy-in games. That's pretty good positive reinforcement, even if they do wind up giving it all back...

[stocktrader23]

It's quite simple. The typical twoplustwo 52 tablers decided that their assumption of the game is gospel. Nevermind that they are and were completely wrong and that you can make much more money on the Monster tables than you could on the old Party. Even once you prove this to them they will tell you it will dry up, it won't.

The Party crowd LOVES this stuff and every gambler in the world will be there. Enjoy and let the "sharks" from here bitch, moan, and play somewhere else for almost a year.

[Ali shmali]

all the math will not get across. Look at it this way. Last year I decided to play the 2/4 BBJ tables instead of my regular 2/4 tables. Did not run to great for the whole month. Like 1.1bb/100. Then at the end of the month my RB was off by like $600! i tried to figure out what was going on and it turns out I paid 3k in extra rake for the month of may(no rb on this). 3k out of pocket. The monster tables now drop at $5 instead of the normal 5BB's. My guess is I would have been paying more like 4k if that was the case.

so 3 to 4,000 dollars per month for a full time 2/4 player will be going to the monster promo.

[Pog0]

[ QUOTE ]
all the math will not get across. Look at it this way. Last year I decided to play the 2/4 BBJ tables instead of my regular 2/4 tables. Did not run to great for the whole month. Like 1.1bb/100. Then at the end of the month my RB was off by like $600! i tried to figure out what was going on and it turns out I paid 3k in extra rake for the month of may(no rb on this). 3k out of pocket. The monster tables now drop at $5 instead of the normal 5BB's. My guess is I would have been paying more like 4k if that was the case.

so 3 to 4,000 dollars per month for a full time 2/4 player will be going to the monster promo.

[/ QUOTE ]

#1. It's not rake
#2. There's such a thing as a "full time 2/4 player"?
#3. Only 30% of the drop goes to the Monster promo. The rest goes into funding the typically +EV bad beat jackpot. When the jackpot is +EV, it doesn't matter if your 50 cents is adding to it or paying for your arch-rival's laundry, +EV is +EV (yes variance, blah blah).
#4. I don't think there's anything left to say about this promo that hasn't been said already. I doubt they'll cool the monster tables until after the WSOP so we'll just have to live with it.

[Ali shmali]

is there such a thing as a full time waitress?? Good 2/4 players can make upwards of 40 dollars an hour. What is the average wage in U.S? What's the average wage in south america/russia/germany. There are plenty of full time 2/4 players. There are full time .5/1 players. Making $12/hour is a good wage in brazil/mexico etc..

[PokerStorm]

[ QUOTE ]

#2. There's such a thing as a "full time 2/4 player"?


[/ QUOTE ]


Have you any idea how much money can be made playing 2/4 full time? It's even possible to play .50/1 for a living where 1-2K a week is very doable.

[chicagoY]

Thanks, that's some math that makes perfect sense. I did have RB at Empire but never had it at Party nor am I a VIP, but 5 bucks rake is foul.