To: blind-geezer who wrote (19305 ) 12/22/2004 11:36:15 AM From: Knighty Tin Respond to of 116555 blind, they make money off everyone. The poker rooms simply rake every pot over a high enough level (usually $5). As you play, you will usually notice a chip or two in front of the dealer icon or in the chip holder. That's the rake. If you look at Party Poker/Empire, you have a poker room with about 13,000 real money players playing ring games (on tournaments they take their rake out of the buy-in, so it's a different set-up) at any given time. That's about 1625 games going on. Averaging 30 raked hands an hour. With an average rake of about a buck, that works out to $48,750 per hour. That's over a mil a day. Of course, you have all that overhead, so it's not all profit. Just 90% or so. <G> And not counting the tournaments, which I understand are more profitable. I don't know what kind of bite player bonuses take out of it, but it is probably substantial. Other poker rooms are not as big as Party/Empire and do much less well. But Paradise selling for 100s of millions of dollars proves that this is a very lucrative business once you reach critical mass. And it's growing rapidly. The way to stay on that gravy train is to keep your old players in their seats while bringing in new players. Any hint of cheating or unfair play can cut you off immediately. You will always hear stories of players who were "cheated." Usually they are players who have not read Nassim Taleb and believe that the bell curves are never stretched. For example, I had a hand where I had 4 8s and the other player had an Aces full of eights full house. He certainly had what anyone would call a bad beat. But was he cheated? I don't think so. The fact that very low probability hands like that come up now and then speaks more of honesty than cheating. If I were going to cheat somebody, he'd have trip queens while I had trip kings. It would look much less suspicious.