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Poker's problems are entirely cosmetic. It uses the same chips and cards and is played in the same building as blackjack, so it's always going to be associated
by ssharp 12y ago
Poker's problems are entirely cosmetic. It uses the same chips and cards and is played in the same building as blackjack, so it's always going to be associated with other forms of house-edged gambling, even though it isn't.
There are other places, like you noted, where people can gather, put money into a zero-sum game, and it's completely legal.
There are also lots of nuances in many of these state laws, where poker actually is legal under the right circumstances (like no house rake). I guess the fees associated trading options aren't considered a rake, so that's cool with the government.
- cheepin 12y agoIt is "house-edged" in the sense the game is slightly negative summed due to the rake.
- msellout 12y agoBrokers take a transaction fee.
- pitnips 12y agoActually in this regard you could argue poker is fairer due to its transparency. Poker has a fixed rake that everyone knows about and can see. Brokers can charge variable commissions and time their trades to their advantage, all while the investor has no visibility to his broker's actions.
- meric 12y agoYou can use internet brokers and look at the limit order book yourself.