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#1
03-19-2005, 01:58 PM
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Is poker, corrected played within the right bankroll, still gambling?
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. 
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#3
03-19-2005, 02:22 PM
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Re: Is poker, corrected played within the right bankroll, still gambli
The answer is yes, it's still gambling.
Because no matter how big your bankroll and winrate are, and how small your SD is, there is still a >0% ROR.
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#4
03-19-2005, 02:24 PM
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Re: Is poker, corrected played within the right bankroll, still gambling?
U should always play poker within the right bankroll. If u lose u should always leave urself some outs. No matter how good of a poker player u are there is always a risk or gamble while playing poker. But it is the long run that matter. Chris Ferguson said during an interview that luck is very involved in the short run of poker but in the end all the good players will hav the money.
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#5
03-19-2005, 02:56 PM
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Re: Is poker, corrected played within the right bankroll, still gambli
Yes. Because even in the long run, your final results might differ from what was expected. Due to "luck" you could do worse, or better, than the odds predicted. Even if you played every waking second for the rest of your life, that long run wouldn't be long enough to eliminate the gamble and luck of there being variation in results.
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#8
03-19-2005, 04:03 PM
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Re: Is poker, corrected played within the right bankroll, still gambli
It depends how you define gambling.
If you are winning player then over the long term you will make money playing. In that sense its not a gamble, thus not gambling. In the sense that you are wagering money on the outcome of events then sure its gambling. That you have a built in edge doesn't make it not gambling. For it to be gambling your chance of winning doesn't have to be 50-50 or worse. Say Duke's Basketball team came to play the local YMCA 8 and under team. Somebody's willing to bet me straight up against Duke. Hey, I'm gambling, despite the fact that my chance of losing is so minuscule as to be nearly not existant. Look at it this way, if you are set up to flip a coin and your openent pays you a dollar fifty every time it comes up heads and you pay him a dollar every time it comes up tails...and you have say 50,000 dollars bankrolled for the endeavor and an endlesss stream of opponents ready to make the wager with you....you're gambling. But you'll make a hell of a lot of money doing it. Its a gamble where you have a built in edge. Heck edge may be too light a word, you have a near mathmatical certainty of making money over time. As a poker player if you have the skillz, then you are engaging in gambling with a built in advangage to you. Congratulations, you're just like a casino on a samll scale. I'd say you're gambling, but not taking a gamble. --Zetack
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#9
03-19-2005, 05:16 PM
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Re: Is poker, corrected played within the right bankroll, still gambli
[ QUOTE ]
The answer is yes, it's still gambling. Because no matter how big your bankroll and winrate are, and how small your SD is, there is still a >0% ROR. [/ QUOTE ] This, and many of the similar arguments can also be made about stock market investing - that's a gamble too I presume? Maybe investing in anything other than treasury bonds or government secured bank accounts is gambling as well?
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