Word: making
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Dates: during 2000-2009
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...very good poker player, given the people I know. But the thing is, at the hobbyist level, people make such hideous mistakes because they’ll do something like, ‘I feel lucky,’ or they think they have a read on someone when they really don’t,” Ian says. “They’re going to see someone like Phil Ivey [commonly known as the Tiger Woods of Poker] do certain things, not realizing that there might be 50 hands before, leading up to what he?...
...saying goes, the next best thing to gambling and winning, is gambling and losing—and that bodes well for professionals. Forget skill and luck—all you have to make sure is that you’re better than the next guy, and the multitudes that have flocked to online poker in recent years have ensured that there is a consistent crop of bad players. One of Ian’s friends said he liked gambling because he is “surrounded by inept people, yet none of them are his boss, and if they...
...gauge which hands are leaking money and where he’s going wrong. He keeps tabs on other players for play tendencies to qualify his future decisions with that information. For all the conceptions of poker as a sport of luck, most professionals emphasize the importance of decision-making in the game. “Do I fold, do I raise, or do I call? Whoever makes better decisions wins over the long run,” Darkhawk says. “You’re always executing decisions, and you’re trying to make profitable decisions...
...don’t think poker is gambling,” Darkhawk says. “Everything I’m doing, I know and have calculated—not completely, exactly. But over the long run, I’m going to make money.” A skilled poker player will have reduced his risk until he is confident of the results of his game, according to Darkhawk. With all its connotations of irrational risk-taking and unpredictable outcomes, gambling is no longer an applicable term when the game of poker has a firm foundation in analytics...
...have to give him $100. You could wipe out your entire coffer after 10 coin tosses. The idea is similar for smart poker-playing: the trick is to play at levels at which you have a negligible risk of going broke, but you’re still able to make a significant profit...