Online Poker

[lovemonkey]

Did you even read my post?  How is it bitching about bad beats, when I see rigging and I'm chip leader and hit every flop.
Bad beats happen all the time in poker.  Catching endless good cards when you're chip leader, doesn't really happen in live play.
I'll assume you don't play online poker.


Getbig, where everyone is an "expert" on things they never do, and know nothing about.

Best site on the web.

Dude don't get me started on this. First off, you see WAY more hands when you play online and therefore more likely % wise to stumble upon weird situations/beats/rolls. Second, what's in it for the poker site to rig the game? They'll get busted pretty quickly when card statistics start to deviate and their business is in the toilet. They'll get just as much rake without rigging.

[Croatch]

Dude don't get me started on this. First off, you see WAY more hands when you play online and therefore more likely % wise to stumble upon weird situations/beats/rolls. Second, what's in it for the poker site to rig the game? They'll get busted pretty quickly when card statistics start to deviate and their business is in the toilet. They'll get just as much rake without rigging.

I know all the arguments.  I understand with more hands, you see more bad beats.  I realize, AA vs 78 suited, isn't a HUGE advantage.  I'm not complaining about a bad beat, this would be foolish.
Rigging is most apparent when I'm winning.  The amount of flops hit, hole cards, etc, are not like live play...period.  I could list numerous examples, but don't write down every time something goofy happens online.
Why would a poker site rig games?  Simple, to keep you playing.
Wasn't there already a poker site that was taken down because of foul play?
To ask "why" a site would cheat to make more money, is plainly foolish.  Millionaires cheat all the time, to make more money, why is this different?

I'm never surprised at how aloof most in our country are.  "There's no way they'd do that!"  haha, wake up fools.

[Croatch]

Something off a poker forum.  I didn't even look at this aspect:

While i firmly believe ps to be rigged after playing 500,000+ hands on their site there is no need to expand on what so many others have already pointed out.There are an excessive amount of mathematically improbable beats on that site. Period.What does surprise me is the arguments from the people who feel its not rigged.Saying things like "why would they risk getting caught they already make enough money" .I find this argument comical.ITS NEVER ENOUGH.That is the most absurd defense of a position as i have ever heard.When have you ever known any corrupt buisiness to not try to bleed every possible nickle from what ever scam they are running?Was it enough for enron?Was it enough for Madoff?Was it enough for any of the hundreds of corrupt wall street execs?OF COURSE NOT.

The other point everyone seems to be overlooking is how exactly ps makes their money.Yes they make money from the rake which everyone seems to believe is their main source of profit.Its not.The money contained in their players accounts is the big money maker for them.Do you believe they take your deposit and put it in a shoebox waiting until you request a cashout?OF COURSE NOT.That money(in the hundreds of millions,if not billions)is put into various interest bearing accounts and other investments that bring them MUCH more revinue than rake.Im shocked no one has posted anything about this angle yet.Hopefully someone with better knowledge of world economics than me(which is not much) can elaborate more on what type of things a corporation with that kind of liquid capitol might do with said funds.My guess is it would dwarf annually what they bring in from rake.

So is it in their best interests to have players cashing out more frequently than they are depositing?OF COURSE NOT.Dont you think they would want to keep the cashouts to a minimum?How to do this?Maybe have their rng even out the winning players as to minimize cashouts,thereby keeping their bottom line(the money in players accounts)more stable.

Think of them almost like an insurance company,with deposits being premiums and cashouts being a policy payout.Have you ever known an insurance company who didnt do everything in their power to not have to pay off a policy? I havent.Its a shame because i feel stars interface and game selection are by far the best online but i will never again use the site.

[Thin Lizzy]

Second, what's in it for the poker site to rig the game?

Not much for the owners, but, a programmer might tip off his friends.

Something similar happened in horseracing a few years ago. A programmer rigged things so his friend was able to get a bet in on a pick 6 after the fifth of the six races had already been run.

I think what Croatch is referring to is the Ultimate Bet "superusers" who figured out a way to see their opponents hole cards.

[Thin Lizzy]

The other point everyone seems to be overlooking is how exactly ps makes their money.Yes they make money from the rake which everyone seems to believe is their main source of profit.Its not.The money contained in their players accounts is the big money maker for them.Do you believe they take your deposit and put it in a shoebox waiting until you request a cashout?OF COURSE NOT.That money(in the hundreds of millions,if not billions)is put into various interest bearing accounts and other investments that bring them MUCH more revinue than rake.Im shocked no one has posted anything about this angle yet.Hopefully someone with better knowledge of world economics than me(which is not much) can elaborate more on what type of things a corporation with that kind of liquid capitol might do with said funds.My guess is it would dwarf annually what they bring in from rake.

Online brokers do this, as well. They use your cash to lend to others and your stocks to lend to short sellers.

The site probably put the money in t-bills. It would be crazy to put it in something where the principle is at risk.

As someone else said, you have to be nuts to leave alot of money in a poker site. If one goes bust for some reason, you're effed.

[disturbia]

Not much for the owners, but, a programmer might tip off his friends.

Something similar happened in horseracing a few years ago. A programmer rigged things so his friend was able to get a bet in on a pick 6 after the fifth of the six races had already been run.

I think what Croatch is referring to is the Ultimate Bet "superusers" who figured out a way to see their opponents hole cards.

and that all traced to Russ Hamilton, the owner of Ultimate Bet at the time.

[Thin Lizzy]

and that all traced to Russ Hamilton, the owner of Ultimate Bet at the time.

That's just being stupid and greedy. You have a business that makes money 24/7 and it's still not enough.

[Croatch]

That's just being stupid and greedy. You have a business that makes money 24/7 and it's still not enough.

Very true.  People do it all the time though.  Corporate America, the government, etc.
People will lie, steal, to put another dollar in their pocket...welcome to humanity..haha

[The_Infidel]

It doesn't even have to be rigged for you to get cheated.  I've seen people playing several seats on the same table.  The odds are stacked against the sucker honest players.