4 ms·
"Top poker players are still gambling." This all hinges on how we define "gambling". A lot of top poker pros do not subscribe to the definition that includes t
by hntrader 6y ago
"Top poker players are still gambling."
This all hinges on how we define "gambling". A lot of top poker pros do not subscribe to the definition that includes them as gamblers, since colloquially "gambling" isn't always synonymous with the game itself but instead connotes reckless abandon and negative EV decision making.
- ryandrake 6y agoEveryone has a different definition of gambling. I don't think it has to do with EV. Poker players can definitely achieve long-term, sustainable +EV, especially in rake-free games, because they are playing against other players and not a house. I still think it's gambling (along with the stock market), which to me simply means wagering something of value on a future event whose outcome is unknown.
- porb121 6y agoWith a wide interpretation of "wager", your definition includes lots of human behavior that no one would traditionally call gambling, because all future events have unknown outcomes, and most future events have appreciably unknown ones.
- kqr 6y agoI'm not who you responded to, but I'm fine with that broad definition. It is practical to find those mathematical equivalences that are easy to find when you apply the analysis of gambling on most endeavours.