BF2S Forums Do you gamble?

FatherTed wrote:

centsports lol.

Last edited by Roc18 (2009-02-17 11:17:54)

FatherTed wrote:

Roc18 wrote:

FatherTed wrote:

centsports lol.

lol I now I hate centsports, the only good thing is they give you a dime every time you zero out and I dont mean 1000 dollars I mean an actual dime and you can only win a maximum of 10 dollars on every bet. Might as well join a sportsbook like I did.

you know theres people on it with like $900?

Roc18 wrote:

phishman420 wrote:

i don't really consider texas holdem gambling because there is a considerable amount of skill involved, but i do like to bet on sports with my friends.

Personally I think success in poker is mostly luck, skill can only take you so far in poker.

Hakei wrote:

phishman420 wrote:

Roc18 wrote:

Personally I think success in poker is mostly luck, skill can only take you so far in poker.

so tell me why i've won > $3000 playing low stakes and my friend who sucks has probably lost close to $3000 playing the same tournaments

Because someone has to win and someone has to lose?

If you've ever sat at a poker table, you've invariably heard the questions asked in the title of this article. While all serious players believe poker is a game of skill, they don't always agree on how skilful a game it really is. Some people believe the skill to luck ratio falls at somewhere around 70% - 30%, while others argue that the ratio is closer to 90% - 10%. If you ask me, however, I'll tell you something you won't hear from almost anybody else. Poker is 100% skilful.

Now, I know many of you are already skeptical about how I can make this kind of claim. What about bad beats? Or the times you're out-drawn on the river? How can I not figure these kinds of situations into my thinking? The fact is, I already have. Variance is part of poker and it would be highly unusual if bad beats didn't occasionally happen or if two-outers didn't sometimes hit on the river, as this would defy the laws of probability. The fact is, these kinds of events should have less of an impact on your overall results the more you play.

If you only play a few hands or a few hours of poker at a time, luck will undoubtedly play a bigger factor in your results than if you play regularly. For example, let's look at a player who puts in eight hours a day, five days a week, for 50 weeks per year, which is equivalent to 2,000 hours at the table. Assuming this is a solid, smart player who doesn't vary his or her stakes throughout the course of the year, I believe their talent will outweigh the effect of luck to ensure that they produce positive results year after year. That's not to say this player won't run into the occasional rough patch or have losing sessions, but by sticking to their game plan, these occasional down-turns shouldn't adversely affect their bottom line.

In effect, all players get paid for every good decision that they make and penalized for their bad ones. By continuously making high-quality decisions over the course of so many hours, skilful players should make more good decisions than bad, and see their bankrolls grow as a result. I have done this for more than 33 years, and know many other professional players who have produced similar results for many years. What this shows me is that, over the long haul, luck is not only insignificant when it comes to your results - it's non-existent.

It takes a true professional to look at poker in this way, and I fully expect that many people will disagree with my conclusions. That's why I'm holding a scheduled chat session entitled "Poker - Luck or Skill" on Full Tilt Poker at 15:00 ET (3PM ET) on Saturday, April 7th. I'll be happy to answer any questions you may have about my position and further explain why I believe that, over the long term, luck has nothing to do with being a winning poker player.

Roc18 wrote:

phishman420 wrote:

Roc18 wrote:

Personally I think success in poker is mostly luck, skill can only take you so far in poker.

so tell me why i've won > $3000 playing low stakes and my friend who sucks has probably lost close to $3000 playing the same tournaments

Cause he's stupid I guess, when I played poker no matter how good some of my hands were I would get some really bad beats at the worst times and I ended up losing money.