THE BOOK--Playing The Percentages In Baseball

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Tuesday, May 10, 2011

Poker is a game of skill, not luck

By Tangotiger, 11:51 AM

So speaks Levitt.

I’m not crazy about his baseball analogy. But, it seems obvious to me that there is a skill component to poker, that it’s not just random. It’s human v human, and you can bluff.

This is unlike blackjack, unless card-counting is also a skill. Otherwise, you bet by rote.

So, explain to us the legal implications here? That if it’s a game of skill, then it’s not gambling? If it was pure luck / random, then it is gambling?

But I also seem to remember that those office pools (10 x 10 super bowl grids) were deemed not gambling because it was all luck.

I’m not up on all this, so maybe someone will shed some light…

UPDATE: Levitt’s paper (pdf).

(30) Comments • 2011/05/12 • Blogging

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THE BOOK--Playing The Percentages In Baseball

Tuesday, May 10, 2011

Poker is a game of skill, not luck

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