what do yall think of this jackpot jay comment

[princeof56k 0]

I know most people here dont think too highly of this guy, but I still read his articles for entertainment. Since the issue of how many players out there are winners is always debated, I was wondering what people here think of his 7-8% number. Too high, too low, or about right? And what about his comment that he got that number from online poker managment?

Much has been written about the huge amounts of money many players are raking in, week after week, especially on the Web. But the fact is, in real life, such people are few and far between.Since there are very few, if any, reliable studies available that demonstrate the percentage of winners -- and big winners -- from among the tens of millions who play the game, you are probably wondering how I "know" this. Well, as it turns out, there is one group that can -- and does -- track this kind of stat, though they are not about to publicize the results. That group consists of online poker site management, two members of which revealed to me at the WSOP that what intuition suggests must be true -- only 8 and 7 percent, respectively, of all players on their sites finish the year in the black. And I'm not talking about deep in the black, either. The vast majority of those winners are not about to give up their day jobs.

http://sports.espn.go.com/espn/page2/story...er/050719&num=0

[case ace 0]

I know most people here dont think too highly of this guy, but I still read his articles for entertainment. Since the issue of how many players out there are winners is always debated, I was wondering what people here think of his 7-8% number. Too high, too low, or about right? And what about his comment that he got that number from online poker managment?

Much has been written about the huge amounts of money many players are raking in, week after week, especially on the Web. But the fact is, in real life, such people are few and far between.Since there are very few, if any, reliable studies available that demonstrate the percentage of winners -- and big winners -- from among the tens of millions who play the game, you are probably wondering how I "know" this. Well, as it turns out, there is one group that can -- and does -- track this kind of stat, though they are not about to publicize the results. That group consists of online poker site management, two members of which revealed to me at the WSOP that what intuition suggests must be true -- only 8 and 7 percent, respectively, of all players on their sites finish the year in the black. And I'm not talking about deep in the black, either. The vast majority of those winners are not about to give up their day jobs.

http://sports.espn.go.com/espn/page2/story...er/050719&num=0[/b]

roy cooke says 10% but yeah, close enough

[Kendren 1]

Really?TOP 8% BABY!!!!!my big $1,050 winnings are sure to put me closer to top 7%, but hy, I don't wanna brag.

[RMac 0]

He also made this pointless proposition:I have a proposition bet for anyone interested: You pick who you believe are the 10 best players in the world, and I'll give you even money that none of them makes the final table of the main event by the time the 2012 London Olympics conclude.If anyone takes him up on this they should never be allowed to have money again.

[UglyJimStudly 0]

... I was wondering what people here think of his 7-8% number. Too high, too low, or about right? And what about his comment that he got that number from online poker managment?

Sounds about right. So far as the management thing goes, with PartyPoker's IPO there's a lot of info floating around discussing their business model, so it wouldn't shock me if some of their management has discussed the topic informally.

[halvey7 0]

I heard that from a friend of mine who plays professionally. At the end of last year I was kind of disappointed that I only ended up breaking even, then he told me how many people are losers for the year, that made me feel better. I started out down $1,000 for the first half of the year, then it was all uphill, it's strange what can happen you use bankroll management. :-)

[elkang 0]

Good. Now I have a solid figure. It matches up with what people have been saying. Some have given numbers as high at 18% though. 7-8% seems right.

[Mojo_Yugen 0]

An interesting question would be "how many people who play poker online think that they are winners?" My guess is about 50% think they are.I've always heard the number 80-85% are long term losers. But that was probably based on casino players. Just based upon the numbers I see in my tracking software (which are mainly low limit players) a 92% losing rate doesn't sound out of line.I'd like to see numbers broken out by limits and number of hands played, that might give some useful data. I'm sure that the poker sites have a ton of players that come online, deposit $50 once, go through it and never play again. What are the number for people that play 50,000 hands a year? Of course we aren't going to get this data from them I imagine.

[InsanityCubed 0]

I'd say the 7-8% figure is fairly accurate, simply because there are so many recreational players. Most people on this forum would consider themselves winning players, and many of them are, but the vast majority of players don't care anywhere near as much as we do, and thus we don't hear about the 92% that breaks even or loses money.

[SuM827 0]

I don't think this says anything about the profitablity of online poker, but rather that most winning players move up levels until they find one that they can't win at (and wind up losing money). In reality, the vast majority of the players that will make money online are the ones that stay at a level that is beatable.