Bankruptcy could cost bettors nearly $500,000

Started by colt, December 18, 2008, 10:11:33 AM

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TGJB

The very fact that there are more hands and more chances for \"beats\", either in your favor or against you, is one reason why they are a far bigger deal in racing. In the long run (over a large sampling) all these things pretty much even out.

The other reason, as I\'ve said here before, is that things are far more leveraged in this game. here are not a whole lot of situations in poker where a beat can cost you getting 20-1, with exotics that happens pretty frequently here.

Combine those two elements and the difference between going 5/10 and 10/5 in photos over a month makes a HUGE difference in your bottom line. Bigger than your handicapping, in the short run.
TGJB

SoCalMan2

what on earth????  How can any beat in poker be bad? we are talking about math here.  Any bad beat you want to name in poker is SUPPOSED to happen at some point.  Without it being capable of happening, it would not even be possible to have the game of poker.

A two outer on the river is basically supposed to come in almost 5% of the time.  Well, you know what, when it comes in against you, that sucks but it is nothing compared to what happens in horseracing.

You are going to tell the guy who lost a million dollars when his horse was cruising to the lead before breaking his leg just before the wire that his bad beat is comparable to anything that has ever happened at any poker table?????  How about the guys who lost bets at Saratoga when their horse won but the placing judges misread the saddle cloth and gave the winnings to the wrong bettors?  Now that is a bad beat -- that is not supposed to happen at all, but it happens to horseplayers.  How about people who bet on the horse on preakness day when a lunatic from the crowd jumped onto the track to punch the horse? I can go on if need be, but these all trounce being beaten by a legitimate 43-1 shot coming in which is the worst possible bad beat a poker player can name.  I could go on.  I have played an enormous amount of poker and no bad beat i have suffered there can come even remotely close to some of the bad beats i have had at the races.

I cannot stand when a person yowls because they got all in before the flop with aces and their aces got cracked.  Well, you know what, aces get cracked every single day and aces are supposed to get cracked from time to time.  To consider that a bad beat is simply ludicrous -- it is called poker and sometimes the bear gets you and sometimes you get the bear.

Ugh, this just makes my blood boil.

P-Dub

Absolutely correct JB.

The better poker players will overcome bad beats simply because they are better players and will take the lesser players money in the long run,  often times during the same session.

There are only so many plays that a good horse player will make, making those beats infinitely worse. There really is no comparison.
P-Dub

P-Dub

SoCalMan2 Wrote:
> I cannot stand when a person yowls because they
> got all in before the flop with aces and their
> aces got cracked.  Well, you know what, aces get
> cracked every single day and aces are supposed to
> get cracked from time to time.  To consider that a
> bad beat is simply ludicrous -- it is called poker
> and sometimes the bear gets you and sometimes you
> get the bear.
>
> Ugh, this just makes my blood boil.

Pocket Aces win less than half the time.

SC,
We\'ve beaten this topic to death. I agree with you 100%. I see over 200 hands a day at various limits, and true bad beats are rare. Most people don\'t really know what one is. And to the good players, it doesn\'t matter. They understand variance, keep their cool when it happens, and continue to play their game and take the other people\'s money.

JB\'s previous post is spot on.
P-Dub