Is poker gambling?

[JackSevenSuited]

The other day me and my friend were arguing about the very nature of poker. Is poker gambling? I know in a literal sense putting money into a community pot, whether in blackjack, roulette or poker is risking your money, therefore gambling, but theoretically Is poker really a gamble. Assume you only put money in the pot when you are a favorite or getting the right price due to skill (knowing your opponent, pot odds etc). In terms of the math, you can expect to win more than you lose, making putting that money into the pot an investment rather than a gamble. I know luck gets thrown into the mix but theoretically the luck will even out over the long run. Suggestions, comments?

[JackSevenSuited]

Also consider that when i do decide to gamble, i often find myself in the common coin toss, usually in tournaments. Although this is a gamble I am betting on something that i have at least a 45% chance. What other forms of gambling do you have a 45% chance to win? Not the slots, not the lottery, not roulette. What are the odds of winning on any given slot machine. Presumably much worse than the odds you have on even a measley two outer. (roughly 8% on flop and 4% on turn

[JaredL]

[ QUOTE ]
Assume you only put money in the pot when you are a favorite or getting the right price due to skill (knowing your opponent, pot odds etc). In terms of the math, you can expect to win more than you lose, making putting that money into the pot an investment rather than a gamble. I know luck gets thrown into the mix but theoretically the luck will even out over the long run. Suggestions, comments?

[/ QUOTE ]

Here's your thought process applied to roulette:

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Assume you only put money on the roulette table when you are not getting the right odds due to gamb0000l. In terms of the math, you can expect to lose more than you win, making putting that money into the pot a transfer to the house rather than a gamble. I know luck gets thrown into the mix but theoretically the luck will even out over the long run.

[/ QUOTE ]

If roulette isn't gambling, then there is no such thing as gambling. As far as I can tell the thought processes are the same.

As far as whether it is gambling, why is it relevant that poker is +EV? Do you think the gambling addict that spends hour upon hour at the casino playing slots and craps is gambling? The same EV equations apply to her.

Overall I don't think it matters. Poker clearly is gambling. People, especially those trying to convince themselves or others that it's ok for them to play poker, want that not to be the case because there is some social stigma attached. If you want to convince someone that it's ok, IMO a better approach is to look at a lot of other gambling situations that are ok. Investing in the stock market, for example, is clearly gambling. Convince yourself or others that the form of gambling in which you are participating is more like this than the dude losing his work check a dollar at a time in the slot machine.

Jared

[SixT4]

Yes.

[Gonso]

Here's a few links to past "Is Poker Gambling?" threads (they pop up regularly):

Is Poker Gambling?
Another one
Yet another

The short answer is yes. You'll get a lot of people who say no, but they're just arguing semantics and trying to rewrite the definition of "gambling". There's always RoR in poker.

[Poker Plan]

Read the first few chapters of Small Stakes Holdem. The definitive answer to your very question is answered there.

[Mike]

ditto

[KneeCo]

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Is poker gambling?

[/ QUOTE ]

Yes. Idiot.

[rakemeplz]

[ QUOTE ]
Read the first few chapters of Small Stakes Holdem. The definitive answer to your very question is answered there.

[/ QUOTE ]

No offence to Ed (and I love his book), I hardly think he definitively answers the question for every intelligent person on the planet. Although if you can say why it does I would like to hear it.

[Gonso]

Anyone here own a dictionary? This isn't that hard unless you make it hard.