NY Times Article - Online Poker (very long)

[DanTheCardMan]

[ QUOTE ]
What about baseball for example? Only a few teams a year win more than 60% of their games. Doesn't this mean chance outweighs skill in baseball?

[/ QUOTE ]

There's a saying in baseball that you're going to win 1/3 of the games and lose 1/3 of the games. It's the 1/3 of the games in the middle that determine your season. So there's an element of "luck" (or more likely variance because the highest skilled players in general are playing), but it's the element of skill which really determines how the season will wind up.