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7:50 pm
August 27, 2009


Winner Take All

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Imagine this scenario. After much hard work and dedication, you finally find a way of making serious money. This method of making money is so great, so brilliant that you can hardly believe your good fortune. You tell yourself that it was your perseverance and talent that paid off. Meanwhile, the money just keeps rolling in. Life is great.

Your money making system is so insanely insightful that you make a decision. What do you decide? Do you decide to keep at it and parlay your winnings into hundreds of thousands, or even millions of dollars? No. You decide to sell your golden goose for $99.95. Surely this talented method of making excellent money is worth more than that! Wouldn't it be prudent to consider that you just plain would not sell such great information??? Unless, of course, SELLing the information IS the golden goose.

Now, I realize that this post will in all likelihood be banned and I suppose that's fair considering I am attacking the authors' work. Still, if I successfully save one person from spending $99.95 on a pipe dream then my efforts are well worth it. Actually, $99.95 is cheap compared to the money the overwhelming majority of people lose playing online poker. The title of this post has meaning. Consider that the majority of futures traders, options buyers, and short term stock traders all lose money. Sure, a few individuals earn the lion's share but they don't keep it long term. Only the brokers, bookies, casinos, and vendors win.

I welcome any and all discussion regarding this post.

3:36 am
August 28, 2009


Rocketfingers

Guest

Post edited 10:50 am – August 28, 2009 by Rocketfingers
Post edited 10:51 am – August 28, 2009 by Rocketfingers


I never understood these posts but anyway I try to reply in a logical way.

1.) Making money from poker is far not as brilliant or easy as you described, poker is a hard work even for the bests, and sadly money is not just popping out of the screen.

2.) Sadly making money from poker is not insanly insightful, if it would be I would be a dollar millionare by now:D You can find hundreds of forums, books, newspapers, magazines and all sort of stuff where you can get insight into poker. A lot of them is trash but if you read everything and put in the hard work you can put it together. That leads to point 3.

3.) The information about poker is already sold. You can only compete in taking out the best informations put together in a book to the market.

4.) Why would the authors sell a book what helps people to beat them? Because thy know reading a book is dosen't enough reading it 100 times and practicing 8 hours a day what you read means commitment and a lot of people who buy the book will not commit himself that much. And those who do finally would figure these things out themselfs maybe it would take 10 years but here is when books comes into picture. They help hard working people to get there where they want to get faster.

5.) Dont think selling a book for 100$ is that much worse compared to playing poker, you don't have to sell a lot to get nice big figures. Having said that I don't think the authors wrote this book based on monetary reasons. Once Edmund Hillary get to the top of the Mount Everest a journalist asked him why did he did it he said -Because it's there-, what I want to get out of this is that I think they wanted to write the best poker book what helps the people the most. And you come here and say it worth shit is not gentle nor wise. Read the book than say “I think it dosen't worth $100″.

6.) You are not more clever than those who lose thousands of dollars on poker or in casinos, if you would be you would read the book than say something about it, I recommend you the 64 squares topic of the book.

5:48 am
August 28, 2009


JJS

Member

posts 48

Winner Take All said:

…Consider that the majority of futures traders, options buyers, and short term stock traders all lose money. Sure, a few individuals earn the lion's share but they don't keep it long term.


Well it looks like Warren Buffet managed to keep a few dollars for a while…

OK maybe you think he's just a special case.  After all, the majority of traders, like the majority of poker players do lose money.  The majority of small business start-ups fail tool; does that mean we shouldn't ever try to open a new business?

As for the rest of your post, what you say can be quite true.  There are a lot of scammers out there selling "get rich quick" schemes.  The authors SSNLHE do not fit into that class.  Nowhere do they make the claim "Do this and you will make easy millions".  In fact, right in the Introduction they say that the games have become very difficult and you will have to work hard to be successful.  The biggest claim they make is that you can make enough "to allow you to quit your job".  Well considering that most people make under $50K/year, this is not an outlandish claim.

So if you are looking for "get rich quick" then yeah, don't buy SSNLHE.  It's not your magic key to making a million dollars a year.  I'm pretty sure the authors don't mind if I say that…  Wink Laugh

7:06 am
August 28, 2009


reboot

Member

posts 13

The vast majority of poker players are in it because it's fun. As with most things, the better you are at something, the more fun it is. Therefore most of us strive to get better.

Would most of us like to get rich player poker? Maybe win the Main Event? Quit our day jobs and sleep all day, play poker all night? Well, sure.

Is that the ultimate goal for all of us? Will we consider ourselves abject failures if we never achieve poker success at the highest levels? Hardly. In all honesty, I would have to be a very successful poker player to make more than I do at my real job. As long as I'm having fun and staying at least slightly profitable, anything beyond that is gravy.

Quite frankly, your points are all completely frivolous since they apply to only a small fraction of the poker players out there. For most of us it's a hobby, and people all over the world spend lots of money on their hobbies.

And just sio you know, no I'm not getting rich quick, but I've made more playing poker just this week, and in just a relatively few hours, than I spent on this book. That makes it a good investment to me.

By the way, how dare you tell me how to spend my $100.

9:43 am
August 29, 2009


Matt Flynn

Admin

posts 115

Grinding online poker bores me, and I make more than any $1-$2 grinder from my job.  Why would I want to sit in front of a computer screen eight hours a day 15-tabling?  Sure if you like that, or if playing poker is the best you can do money-wise, ok you've got motivation to grind.  I don't.  Also, if money were my primary motivator, I have non-poker ideas and skills worth more than any grinder's skills at any level of poker.  Money-wise, poker is smallball.

My take on Sunny is he enjoys creative work, and otherwise is remarkably and happily free of the protestant work ethic.  So he maintains a comfortable lifestyle on the minimum of effort.  It is merely an accident of geography that he doesn't surf.

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