Word: winning
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...learn a lot about gambling if you're willing to analyze 27 million hands of online poker. Don't have time for that? No worries; sociology doctoral student Kyle Siler of Cornell University has done it for you. His counterintuitive message: the more hands you win, the more money you're likely to lose - and this has implications that go well beyond a hand of cards...
...reason for the paradoxical results was straightforward enough: the majority of the wins the players tallied were for relatively small stakes. But the longer they played - and the more confident they got - the likelier they were to get blown out on one or a few very big hands. Win a dozen $50 pots and you're still going to wind up far behind if you lose a single $1,000 one. "People overweigh their frequent small gains vis-à-vis occasional large losses," Siler says...
Small-stakes players also tend to do better with small-denomination cards. A pair of jacks may easily beat a pair of fours, but people who don't gamble much tend to win more with the fours - or with any cards from twos to sevens. That's because the cards' modest numerical worth is easy to understand: they're valuable but not that valuable. When you get into the more rarefied air of eights to aces, you may start losing perspective and putting up more money. "Small pairs have a less ambiguous value," Siler says. (See more about casinos...
...stake is far more than a simple Senate seat, even one held by Ted Kennedy. Brown has boasted that if he wins, he'll be the linchpin in a successful GOP filibuster of health care reform, and Coakley has stressed on the campaign that she would be the 60th vote to deliver one of Kennedy's top priorities. If Brown were to win, Democrats would have to drop everything and fly to Maine to find out what Republican moderates Susan Collins and Olympia Snowe might want in exchange for their votes. Or, according to the Boston Herald, Massachusetts Democrats could...
...neither of these somewhat scary scenarios for Harry Reid are likely. "We view the race with Coakley comfortably ahead," says a Senate Democratic leadership aide. "In this climate, we take nothing for granted. A win is a win, and we need to make sure she pulls this off." In fact, Democrats are now a little less worried about keeping the seat - if anything, the public policy poll did them a good turn, helping to energize otherwise lethargic Dem voters...