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Not if you go broke on your first or second hand. Most of us only have enough cash to play one or two hands. If you're the son/daughter of a million/billionaire
by viklove 7y ago
Not if you go broke on your first or second hand. Most of us only have enough cash to play one or two hands. If you're the son/daughter of a million/billionaire though, you get to play way more hands, and thus have a much better chance of being successful.
Talent doesn't increase surface area, it increases the probability of success. Wealth is the only thing that can increase surface area. See the problem here?
- sg47 7y agoWhy are you going 'all in' in your first or second hand?
- danans 7y agoTo continue the metaphor, the table stakes at the tables that provide the big payoffs require the average person to go "all-in". Whereas a billionaire usually gambles on the margins of their wealth. They definitely don't gamble with the roof over their head or their next meal, or their childrens' security. They can make any non-ergodic game appear ergodic for longer since they can survive many losing hands for far longer than others.