[Article] Is Playing Poker ReallyGambling?

[corsakh]

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do YOU know what "risk of ruin" is?

if any player has a probability of winning < 1 there is a positive risk of ruin over a finite number of events. that does not mean it's a losing game for _everybody_. i could have a 99% chance of winning in any game and i would be a losing player by your definition. the only case in which "everyone is going to go busto eventually" is a game in which players risk 100% of their bankrolls 100% of the time.

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Your missing the point.

In most other games, say golf, your chance of ruin is effectively 0 because even if you go down a hundred times in a row, you can stand up a hundred and one.

In poker the hundredth time is going to kill your roll. Busto, no more pokah. Sure you can take a stake. But we are talking about the limited nature of funds available in this world.

However, its a stretch, but we can extrapolate the term "bankroll" from poker into the term "physical fitness" in athletic sports to some extent. Do you need proof to say that Michael Jordan is a loosing play in a long run or you can come to this conclusion yourself? [img]/images/graemlins/smile.gif[/img]

And this is exactly what I am talking about in poker. With proper bankroll management and the right state of mind we can delay the inevitable for a very long time, but someday somewhen the dice is going to roll 6 a bazillion number of times in a row and you go busto. Simple? [img]/images/graemlins/smile.gif[/img]