While in West Texas for my grand daughters ballet recital, I had the opportunity to visit with my brother's son---he took the GTC primer course a couple of years ago. Unfortunately he has not followed up much on his craps but he has gotten into live poker in the casino poker room.

He took a poker boot camp a few months ago and this seems to be his direction at this time. They taught him a whole new way to play. He entered a Senior (over 50) WSOP tournament with a $1000 buy in with 6000 participants. He placed 67th and won a little over $6,000.

Here is the interesting part of our conversation. He said that in the poker the boot camp, that they said a study had been made and that of all of the major professional players only win 25% of the time. I don't mean winning the tournament 25% of the time, but playing well enough to place and win some money 25% of the time. That means that they pay their buy in and win nothing 75% of the time!!!

We say in GTC that if you will do what we say, practice, take other courses from time to time you will become a "300 hitter." About the same as the top professional poker players. AND guess what, in the poker boot camp they also stress bank roll and proper betting.

I would be willing to wager that card counters only win about 25% to 30% of the time.

Found this interesting and wanted to share. So don't sweat the short time losses. Remember in the all run all of these players--craps, poker and BF card counting win in the long run.

Doc

Replies:

Posted by: Scan on June 10, 2014, 1:29 am

Great insight

Thanks,Doc

Posted by: Pit Boss on June 10, 2014, 10:27 pm

Doc:

As an avid poker player over the last ten years, I can tell you with assured certainty that 25% win rate at tournaments is EXTREMELY high. The number for most players is about 10%.

In Fact, I was lightening to a podcast about the win loss ratios of professional poker players, there are currently only three players that have 25% of the tournaments they have cashed in. You can listen to the podcast here. http://pokercast.twoplustwo.com/listen_and_browse.php

Posted by: Dr Crapology on June 11, 2014, 6:48 pm

Pit Boss, I don't dispute the 10% cashing in by pro poker players. Funny how the numbers seem to be so low.

But remember when we win we usually win much more than we lose. I know that that is true for Rose and Doc.


Doc

Posted by: TommyC on June 13, 2014, 2:09 pm

I would guess those numbers are lower for video poker.

Posted by: TommyC on June 13, 2014, 2:10 pm

I would guess those numbers are lower for video poker.

Posted by: Finisher on June 14, 2014, 6:02 am

I started playing porker on line in 2012 . I won 5.00 in 2013 6 times for total of 50.00 and so far in 14 won one 5.00 .
I do not buy chips just pay to play every 3 mouths .
Some of the tournaments have over 1,000 players .
My wife laughs at me when I tell her I won 5.00 . But it is fun and costs little since I never buy chips .
I play the 20.00 ones which you need to get to 3-5 for 5.00 win .
I have never played for real money at live table far from that at this point .
Good Rolling. :) :)