Online Poker Room Conspiracy Theories

Plus, young poker prodigies storming to poker glory!

CONSPIRACY THEORIES
There’s frequently a heated debate in the poker chat rooms about some online poker sites being “rigged” to hit players who cash out the majority of their winnings on a regular basis. The story goes that most of these players claim to do very well on initially signing up to a site but the moment they start drawing out their gains “suddenly” their luck changes and they go on a losing streak. The conspiracy buffs say this is the site’s revenge. Not only would this be illegal and easily spotted by auditors of the big established sites, it would also be insane business judgement. The established sites are in it for the long haul and they have huge cash reserves and levels of profitability which they are not about to risk for small time vendettas. Their only interest is customer satisfaction and loyalty and of course taking their share of the rake for running hundreds of games per hour.

IT’S ALL IN THE MATHS
Perhaps more convincing to doubters are the several mathematical studies that have been done on the so-called “cash-out-curse”. These show that it IS true that players who regularly cash out major slices of their bankroll do tend to bust out more after doing so. There are two self evident reasons for this being so. The first is they tend to be under funded for the ups and downs that inevitably occur. Secondly, they tend to be “loose” players who often find themselves having winning streaks balanced out by short-stacked losing runs. The mathematical studies show “normal fluctuations” are the logical explanation for the apparent “Curse of Cashing Out!” Take a long term look at your own fluctuations of fortune over say a six month period and see what it tells you.

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YOUNG GUNS
Poker prodigies? Maybe. The fact is two eighteen year olds (student Michael Higgins and rising star “Ozzy” Sheikh) both qualified for the final table in the World Poker Tour event staged on the Bahamas. This made them the youngest ever players to pull off such a remarkable feat, defeating dozens of the world’s wiliest on their way to glory.

BLAZE O’ GLORY!
Michael hit the last six with $794,000 in chips and “Ozzy” with $231,000. Their mutual achievement was made possible by the legal environment on the Bahamas which sets its gambling age limit at eighteen against the twenty one year old barrier placed on gamblers in the nearby United States. Apparently you can die for your country in America at eighteen but you’re not allowed to play poker. As the Americans themselves would probably say, “Go figure!”

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