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Posts Tagged ‘playing poker’

Economists Steven D. Levitt (of “Freakonomics” fame) and Thomas J. Miles argue in a new study that poker is a game of skill, not chance, and therefore should not be regarded as “gambling” under the law

Economists Steven D. Levitt (of “Freakonomics” fame) and Thomas J. Miles argue in a new study that poker is a game of skill, not chance, and therefore should not be regarded as “gambling” under the law

In the short term, chance can indeed have a huge effect on the fortunes of any given poker player. Short term variance can cause the tourist rube to go home a few hundred bucks richer on a Saturday night, or cause a seasoned professional to lose tens of thousands of dollars in the span of a few weeks. But over time, the more you keep [...]