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Wednesday, May 11, 2011

Poker is much more skill than luck

Geekpress:

Poker is much more skill than luck.

As this related Freakonomics blog post notes:
Using data from the 2010 World Series of Poker, Levitt and Miles found that high-skilled players earned an average return on investment of over 30 percent, whereas all other players averaged a 15 percent loss. This finding has serious implications on the legality of online poker, as that debate is heavily dependent on whether the game is based on skill or luck.
Also noteworthy:
The differences are "far larger in magnitude than those observed in financial markets, where fees charged by the money managers viewed as being most talented can run as high as 3 percent of assets under management and 30 percent of annual returns."

2 comments:

  1. Thanks for this article. This article is a great overview of why poker is a game of skill and not luck. It looks at various aspects of the game, such as bluffing, hand selection, and post-flop play, to illustrate how strategic decisions can give players an edge over their opponents. The article also provides useful tips for improving your poker game, which are invaluable for both beginners and experienced players. What do you play in the casino? And if you play in Indian casinos, then recommend some good options.

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  2. The article really describes in some detail everything that players need at the initial stage. Regarding what I play, I can say that I recently started playing the game Aviator. Only I do not play in an Indian casino, so you can try to look for local sites on your own.

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