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Forex spreads on gaming sites

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  • Alexland
    Alexland Posts: 10,183 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    edited 20 May 2020 at 1:58PM
    Poker is a popular pastime. There are a large number of poor players who, over time, lose to the good players and suffer the house rake, but come back because they enjoy doing it.
    What you say is true but I find it near hard to dislocate my brain to understand how people can enjoy losing time, money and most games to others. Even by chance winning the occasional game would be hollow as I would be aware that it's just part of a bigger overall defeat.
    Whenever social events have caused me to visit casinos I try to smile and remain positive while watching others getting poorer. Even with 'fun casinos' at weddings I usually give away my token allocation to people that might enjoy it more. Maybe I'm too hard nosed to spend money having fun.
  • coyrls
    coyrls Posts: 2,508 Forumite
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    people who would log on when it was late night in the US to play against drunk and loose Americans
    Yes, that's what I was told. Quite often they would think that the Brits were Bots because they didn't join in with the chats.  I didn't realise that had all been stopped now.
  • aroominyork
    aroominyork Posts: 3,355 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 20 May 2020 at 5:07PM
    Alexland said:
    Poker is a popular pastime. There are a large number of poor players who, over time, lose to the good players and suffer the house rake, but come back because they enjoy doing it.
    What you say is true but I find it near hard to dislocate my brain to understand how people can enjoy losing time, money and most games to others. Even by chance winning the occasional game would be hollow as I would be aware that it's just part of a bigger overall defeat.
    Red rag alert! Did you call poker a game of chance, Alex? I generally know before I play whether I have a good chance of winning. If I feel patient and happy to spend 90 mins on a Sit & Go, I'll do well. If I feel impatient and fancy a quick game, I'll lose. So I save the higher stakes and longer formats for the former.

    PS There are parallels with investing. Play poker for stakes above your comfort level and you will fold hands you should play. Invest above your risk tolerance and you will sell as soon as they fall.

  • Alexland
    Alexland Posts: 10,183 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    Red rag alert! Did you call poker a game of chance, Alex? I generally know before I play whether I have a good chance of winning. If I feel patient and happy to spend 90 mins on a Sit & Go, I'll do well. If I feel impatient and fancy a quick game, I'll lose. So I save the higher stakes and longer formats for the former.
    There may be some skill in it but I was just struggling to see how the casual players that bowlhead described who on average loses can be enjoying the process. Certainly if I played and won the occasional game it would not be attributable to any skill.

  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    coyrls said:
    Rudyson said:
    Why not use a site that lets you play in GBP?
    I've been told that it's easier to win money off Americans because there are more "casual" players there.

    By whom? A site called "howtobeatthecasinos.com [sponsored by Ladbrokes]"? If betting against drunken Americans could actually generate a positive expected return, you'd soon find yourself playing against several other sober hard-nosed Europeans all looking for the easy money against drunk Americans. Equilibrium would have been restored and the usual mechanics of zero-sum games would take over.
    The entire world has access to both the Internet and booze, and drunks are equally distributed across time zones.
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