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OK. The business of online poker. Steve has it right, for the most part, but misses two important points. First,...Steve....you know how you were pointing out allllll the people that gripe about bad beats, but nobody brags about being the bad beat-er? Well, ever think that some (or most) of those bad beaters are Full Tilt employees or pokerbots that they employ? (And before you all start saying "no way"!!,....prove from what we all know that neither is the case,...and remember that a lack of proof that something doesn't exist isn't proof.)
I'm going to take you on your words for the stats. While I didn't personally chart my online stats with Full Tilt, your numbers feel right, if you'll allow me the liberty of agreeing on a gut feeling, so to speak. (I've got a college level math and engineering background, I know stats, and yes, the play on the site DOES feel like it backs up your numbers, about 15% off from what would fall from a real (honest) deck of cards.
The other business point: How do these sites make their money? From the rake, or the tourny fees (when you play a $10+1 tourny, they get that $1). So, it's in their interest to slide the money back and forth: to let you win $100, then lose it,...then win it again. Because every time you get into a tourny or play at a table, they get a piece. And if you win a bunch, then lose a lot, then win a bunch, they just keep taking their little piece. Add to that this interesting point: it's in their best interests to let the idiots win. Because they're the ones throwing around more cash. The more they let some mulehole suckout on a good player, the MORE OF THAT GOOD PLAYER'S MONEY the mulehole pays out in the long run. (Sorry, mulehole=donkey=things I shall not say in a nice place like this.) So, yes, it's in a poker site's interests to do exactly what you all notice: let you win about as much as you pay in, then suck it right back out from you.
Amazing, ain't it?
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