Posted: 10/14/2012 1:32:43 AM
Originally Posted by JimmyDrizzl
IMPOSSIBLE to be a long term winner at $1-2 no limit. If there were no rake or dealer tips to deal with you could make a strong case for grinding out a small profit at the end of any particular month or year, with good, patient, intelligent play.
Too many players will play any two cards at this weak level and the variance will kill you eventually no matter what premium hands you will chose to play. Add in the cost of the rake and tips and you get the picture.
You will lose as many good hands as you win as nobody drops out for $2....If you raise with decent cards, they all fold and you win $3
The house and the dealers wind up with all the money at the end of the night when they count all the chips in the drop box.
Sit at a table one time and just count all the chips pulled from the game that find their way into the drop box....Way too much money is taken from the game each hand that you as a player donate to the house coffers.
Consider $1-2 NL as just entertainment money to be spent foolishly..You cannot possibly make a living at this game in the long run. Short term you may get lucky and win..You will eventually give it all back...plus your own hard earned cash.
Finally, someone else gets it! I've been preaching this for years, as I once foolishly thought I could make a living off a stupid card game like Hold Em that anyone can eventually figure out how to play. Poker is set up just like horse racing since the house does NOT care who wins the pot or the race, as they take their cut out EVERY time.
All gambling is a basically a losing long-term proposition for the player, but at least the house sweats big wagers on sports or blackjack, as they can lose HUGE money in the short-run.
And the only way you get ahead in poker in the long-run is to get lucky and win a huge tournament like the WSOP, then quit gambling completely and hope your investments pay off in other ventures like a diverse mutual fund portfolio.