Overplaying the Rake Card
Bwin and PokerRoom veteran Kim Lund runs an interesting blog about the poker industry. He understands some things very well, and apparently has done some due thinking around these things.
But in his blog about the industry overplaying the skill card, the analysis is off mark, I feel. He seems to blame game theory for the fact that most players lose in online poker.
The rake is killing you (Photo by Michal Zacharzewski)
âI often call it the greatest game on earth simply because of the depths achieved with such relatively simple game mechanics and rules. And I think it deserves that title. â
âBut I also believe that some of the game's magic has been lost in the online industry's attempt to exploit one of the game's most obvious advantages over other gambling games. Skill.â
Iâm sure youâre right.
âNow, the problem with poker is that simple game theory will tell you very few players can win money long term.â
Now, this is just wrong.