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#11
03-19-2005, 05:55 PM
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Re: Is poker, corrected played within the right bankroll, still gambling?
I agree, the answer is 'yes'. However, running a casino is then also gambling. After all, it's the same thing. Playing games where you (hopefully) have a positive expectation. Few people would say that a person running a casino was ganbling, but everyone would call a poker player a gambler.
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#12
03-19-2005, 06:19 PM
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Re: Is poker, corrected played within the right bankroll, still gambli
[ QUOTE ]
I got in this argument today with someone. I argued that if you play correctly within the right sized bankroll (in order to get a virtually not-there RoR) that poker is NOT gambling. Thoughts? Sorry if this has been posted before. [/ QUOTE ] I think this argument can really be argued from a definition standpoint. According to Merriam-Webster, the definiton of "gamble" is the following: [ QUOTE ] Main Entry: 1gam·ble Pronunciation: 'gam-b&l Function: verb Inflected Form(s): gam·bled; gam·bling /-b(&-)li[ng]/ Etymology: probably back-formation from gambler, probably alteration of obsolete gamner, from obsolete gamen (to play) intransitive senses 1 a : to play a game for money or property b : to bet on an uncertain outcome 2 : to stake something on a contingency : take a chance transitive senses 1 : to risk by gambling : WAGER 2 : VENTURE, HAZARD - gam·bler /-bl&r/ noun [/ QUOTE ] Gambling is a very broad term. It can mean to wager a bet on a gambling game, stock investing, starting a business (venture), interpersonal relationships, etc. Gambling occurs when the outcome is not 100% certain. SSH talks about how many poker players don't like to think of poker as gambling. Even the opening scene the movie Rounders states that poker isn't really gambling, "you grind it out." This is really a denial or general misunderstanding of poker. If playing hold 'em wasn't gambling, your pocket aces would never get cracked. The chance nature of poker is the beauty of the game, even bad players can win occasionally! So don't take it as a bad thing when an opponent's 72o beats your big pocket pair. Just shrug it off and say "good job." [img]/images/graemlins/smile.gif[/img] Regards, Wally
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#13
03-19-2005, 06:26 PM
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Re: Is poker, corrected played within the right bankroll, still gambli
Poker is a gambling game. It takes a combination of luck and skill. In the long run luck equals out.
Poker is the ultimate gambling game, especially no limit. Any good poker player is a good gambler. Gambling skills and odds/ expectation centered intelligence is the core of what makes a winning poker player a winner. All these people who immediately say "Poker's not gambling, it's a skill game" and stop talking are utter morons.
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#14
03-19-2005, 06:49 PM
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Re: Is poker, corrected played within the right bankroll, still gambling?
I'll gamble with you and say, Yes.
PairTheBoard
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#15
03-19-2005, 07:16 PM
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Re: Is poker, corrected played within the right bankroll, still gambling?
Poker has elements of both luck and skill in it. I'd say that the luck part of the game equates to a "gamble" in the true sense of the word. The skilled winning players need this luck to exist so that the bad players sometimes get lucky and win, therefore making them come back for more.
Some have argued that if there is greater than 50% skill involved in winning the game then it is not a gamble. I don't believe this. Even if the game was 99% skill and 1% luck, there would still be some gambling involved in it. If you think about it though, everything involving the future (which is always unknown) has gamble in it. Going to work is a gamble, you might get hit by an asteroid on your drive in, risk versus reward. Putting your money in the bank is a gamble, the bank could up and move to the Cayman Islands and take all your money. Investing in government bonds could be a gamble as there could be a revolution and the current government might crumble. Betting that if you let go of a ball 2 metres in the air that it will fall to the ground is a gamble, what if the laws of gravity suddenly changed? What I am getting at really is that everything is a gamble, especially when it comes to money. It's just a question of how much luck one is personally willing to put up with and their comfort levels. Personally, I find that poker is much more consistent then some other things in life that aren't considered gambling.
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#16
03-19-2005, 09:26 PM
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Re: Is poker, corrected played within the right bankroll, still gambli
[ QUOTE ]
Few people would say that a person running a casino was ganbling [/ QUOTE ] It would surprise me if this is true. Any other opinions?
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#18
03-20-2005, 05:38 AM
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Re: Is poker, corrected played within the right bankroll, still gambli
Poker is gambling. It's explained nicely in SSH. Running a casino is gambling. Winning poker players and casino mngmt have in common, they are "gambling" with a postive expectation.
The casino has an edge in every game. The winning poker player has an edge when he sits down. What makes running a casino a "sure thing" so to speake, is the casino has an endless BR. So if the poker player has a proper BR, he's in good shape...but he is still gambling.
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#19
03-20-2005, 11:36 AM
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Re: Is poker, corrected played within the right bankroll, still gambling?
When this year ends, there is virtually no chance that I will have a smaller bankroll than I did on January 1st. This is why some winning players claim that poker isn't gambling. That makes sense, but it's wrong.
I have a step-brother who, while not being the worst poker player in the world, is almost certainly in the bottom five. He has won three 40-person tourneys in our little club this year. He has already lost those winnings in side games. When the year ends there is virtually no chance that he will be ahead for the year. May I assume that he isn't gambling either since he cannot win long term?
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