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...It’s definitely been a rollercoaster ride. You live and learn. There are mistakes I’ve made, but I’m okay with it,” he says. “I’m pretty proud of what I do.” But Darkhawk, who still lives at home, can’t really say the same for his parents. They’ve been nagging him to find a “real” job, and perhaps they have a point: “Let’s say...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Playing for Keeps | 10/22/2009 | See Source »

This luck-factor can detract from poker’s meritocratic sensibilities. But the fact remains that there are bad players. And then there are professionals whose faces make repeated appearances at the final table of World Series events. It’s dangerous, many professionals say, for people to play poker with the idea that luck will constantly provide an edge. More than three-quarters of all poker players are losing players (“There are a lot of people playing,” Darkhawk says. “A lot are bad”). In 2007, gambling...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Playing for Keeps | 10/22/2009 | See Source »

...other words, don’t try real gambling if you’re not ready to possibly do it wrong and suffer the consequences. “For the majority of Americans, I’d say the best advice would be play for play money,” Ian says...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Playing for Keeps | 10/22/2009 | See Source »

...Say a friend offers you a deal in which for every coin flip that ends in heads, he gives you $11, and for every tails, you give him $10 dollars. If you had $1,000 in your bankroll, you would be foolish not to take up the deal. The first 10 tosses might not generate any heads, leaving you $100 down—but in the larger scope of things, in a world attuned to the rules of probability, you will leave the game having gained a profit. But now, say the stakes are upped and instead of $11, your...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Playing for Keeps | 10/22/2009 | See Source »

Hawrilenko—who used to work in finance but now makes his living playing online poker—says that after he had played a large number of hands, he ran different kinds of win-rate analyses and determined that his chance of going bust was “pretty much zero,” which meant that he would win in the long run. And it’s safe to say that he has: at the 2009 World Series, Hawrilenko won more than a million dollars when he came in first place at an event. He took...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Playing for Keeps | 10/22/2009 | See Source »

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