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Old 03-04-2007, 03:56 PM
microbet microbet is offline
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Join Date: Jan 2005
Location: fighting the power
Posts: 7,668
Default Re: OT - settle a bet

It was just a fun bet. No one was going to not play a higher level to avoid $500. There is logic to either quickly playing a level where the money matters or going busto and doing something else and while I've generally been nitty on BR, I'm not allergic to a high RoR if I think I am +EV.

I'm definitely going to be more aggressive than the terms of our bet, which were moving up at 100 buyins and taking 30% of profits out of the BR each month. Either that or I'll get too busy and not worry about it.

Next time I get there, I'll pay for sure. I'd pay this time if the dude had said I should. I just wanted to make sure he wasn't being penalized for being nice.

Most people don't gamble, but for gamblers, poker players are generally very nitty and I've been no exception in poker. But as far as other gambles go, like starting a business or buying income property, which I've done before, people generally have much much higher risk of ruin and often a much lower expected return.
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