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07-27-2013, 08:33 PM
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#1
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Registered User
Join Date: Feb 2004
Posts: 684
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The Science of Poker
Interesting insights from today's (7/27) WSJ. Thought the poker players on this site may find it informative.
Be Well,
fmhealth
http://online.wsj.com/article/SB1000...d=ITP_review_0
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07-27-2013, 09:04 PM
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#2
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,912
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That is a great link!
Thanks!
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07-27-2013, 09:37 PM
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#3
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Registered User
Join Date: Jan 2006
Posts: 28,563
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What a great player this Phil Galfond is...and how sad it is that poker -- which is largely illegal -- has been able to attract so many bright young players...while a completely legal game like horse racing does nothing but repel them.
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07-27-2013, 09:44 PM
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#4
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Join Date: Mar 2001
Location: Reno, NV
Posts: 16,912
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Right on the money, Thask.
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07-28-2013, 12:42 AM
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#5
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Dead money
Join Date: Apr 2013
Location: Baltimore
Posts: 3,838
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For the poker players here you heard it here first....
Anybody by the Atlantic city area starting at 559am today revel bad beat jackpot will be 223k or around and is being lowered to aces full of jacks....
Starting Monday every hour revel will be giving away $500 every hour for high hand of the hour.....this will continue through August 15 24 hours a day.....
Then at aug 15 or until all the money is given away REVEL poker will go the way of the dodo bird.......room is shutting down
So come take advantage of these remaining days!!!!
Place is a total disgrace
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07-28-2013, 12:51 AM
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#6
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Quote:
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Originally Posted by thaskalos
What a great player this Phil Galfond is...and how sad it is that poker -- which is largely illegal -- has been able to attract so many bright young players...while a completely legal game like horse racing does nothing but repel them.
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Thask, I understand your perceived frustrations but maybe I can elaborate as to the why...at least in my eyes......
True, backroom games where a rake is taken by the house are illegal. And, there is still much debate as to the legality of internet sites.
But, I can go to ANY local casino and play perfectly legally.
Next, where in horseracing can a no name, (literally take ten dollars) and parlay it into millions in one tournament entry?
Television is a big factor as well......
And probably most importantly, when played in a casino or other legal venture, the cloud of "illegal" (like there is almost always in horse racing) is absent. I enjoy this site to no end and love the back and forth. I consider PA to be one of the best if not the best horse racing forums there is. And, just LOOK AT THE CHEATING AND DOPING concerns posted here regularly. The point is I am glad it is addressed but it truly shows the state of racing and why many are not in it in my opinion.
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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08-13-2013, 10:41 PM
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#7
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Registered User
Join Date: Jan 2006
Posts: 28,563
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Quote:
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Originally Posted by newtothegame
Thask, I understand your perceived frustrations but maybe I can elaborate as to the why...at least in my eyes......
True, backroom games where a rake is taken by the house are illegal. And, there is still much debate as to the legality of internet sites.
But, I can go to ANY local casino and play perfectly legally.
Next, where in horseracing can a no name, (literally take ten dollars) and parlay it into millions in one tournament entry?
Television is a big factor as well......
And probably most importantly, when played in a casino or other legal venture, the cloud of "illegal" (like there is almost always in horse racing) is absent. I enjoy this site to no end and love the back and forth. I consider PA to be one of the best if not the best horse racing forums there is. And, just LOOK AT THE CHEATING AND DOPING concerns posted here regularly. The point is I am glad it is addressed but it truly shows the state of racing and why many are not in it in my opinion.
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Sorry for my late reply, NTTG...I didn't see your post until now.
You are right, of course...except for your comments on online poker...which is officially dead in this country. There is no debate on the legality of the internet poker sites. They are all illegal...and prohibited from offering their game to the residents of this country.
As you've stated, there are several obvious reasons why young players choose poker over horse racing...and these reasons are all well known and highly publicized. But the fault rests squarely on the game of horse racing itself. Americans -- young and old -- LOVE to gamble...and they have embraced more than a few gambling games which are virtually impossible to beat. They would have embraced horse racing too...were it not for the high levels of greed and dishonesty with which the game has become associated.
Those who run the game have only themselves to blame.
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
Last edited by thaskalos; 08-13-2013 at 10:44 PM.
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08-14-2013, 12:05 AM
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#8
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Registered User
Join Date: Aug 2007
Posts: 531
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Online poker has been declared legal and is offered in Nevada and will be available in other localities sometime real "soon".
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08-14-2013, 01:34 AM
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#9
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ClassPars
Join Date: Dec 2012
Location: Tampa, FL
Posts: 31
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It's a new day.
Poker was pretty easy when I retired and started reading David Sklansky's poker books, who was soon to write a few more as did other good math and poker intellects.
Chris Moneymaker read some of these books and parlayed a pittance into a couple millions. It was observation of this parlay that sparked the surge in the new poker world. Now, the whole world is different again. Books are nearing extinction. Now, the best way to learning is with audio videos and tablet computers. The consolation for me is that I can walk around Tampa Bay Downs with the same hope of a million dollar score (read hope of minor bankroll increase). This is improvement. I'll be walking and breathing fresh air outside instead of sitting and breathing smoke filled air inside. My bet is someone here reading this forum will become the next Cris Moneymaker and make it in handicapping. It's got to be. It can't be in forex. I tried that too.
David
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08-14-2013, 12:03 PM
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#10
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Quote:
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Originally Posted by vegasone
Online poker has been declared legal and is offered in Nevada and will be available in other localities sometime real "soon".
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Only for people logged in while in the state of Nevada. Other states may follow suit, but you will have to actually be in that state to play. The Feds may go after the game sites anyway.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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08-14-2013, 03:51 PM
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#11
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Registered User
Join Date: Jan 2006
Posts: 28,563
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Quote:
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Originally Posted by vegasone
Online poker has been declared legal and is offered in Nevada and will be available in other localities sometime real "soon".
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I'll believe this when I see it.
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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08-15-2013, 03:24 AM
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#12
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Registered User
Join Date: Aug 2007
Posts: 531
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See what?
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08-15-2013, 03:52 AM
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#13
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Registered User
Join Date: Jan 2006
Posts: 28,563
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Quote:
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Originally Posted by vegasone
See what?
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See online poker being offered widely anytime soon.
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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08-15-2013, 07:35 AM
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#14
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Registered user
Join Date: Oct 2008
Location: FALIRIKON DELTA
Posts: 4,439
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Poker has become very tough to beat after the Moneymaker boom. Playing for lay money today is probably tougher than the 100-200 Limit holddem I was playing years ago at Bay 101. There still are winning pros albeit very few of them go through the test of time. Most of the them will eventually go broke as time goes by, as in any other game the house will get the lion's share leaving very little hassling room.
__________________
whereof one cannot speak thereof one must be silent
Ludwig Wittgenstein
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08-15-2013, 08:26 AM
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#15
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Dead money
Join Date: Apr 2013
Location: Baltimore
Posts: 3,838
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Quote:
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Originally Posted by DeltaLover
Poker has become very tough to beat after the Moneymaker boom. Playing for lay money today is probably tougher than the 100-200 Limit holddem I was playing years ago at Bay 101. There still are winning pros albeit very few of them go through the test of time. Most of the them will eventually go broke as time goes by, as in any other game the house will get the lion's share leaving very little hassling room.
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That's a big game 100-200.....did they play with black or green chips?
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