frnandoh
Legend
Bronze Level
eetenor
Legend
Platinum Level
Thank U 4 Posting.
Poker is always gambling. Gambling is determined by placing a wager on the outcome of an event.
Being good at gambling is knowing the odds of an outcome and betting proportionally. You could be good at gambling at any game so long as the odds were correct on your bets.
That is the difference between good poker and poorly played poker. Correct odds for actions vs incorrect actions for odds.
No matter which actions you choose it as all gambling. That is why AA gets cracked by 22 for stacks preflop.
Hope this helps
M
Meroveus
Enthusiast
Silver Level
It depends on your definition of gambling, and the highlighted portion of the quote represents one definition.
If there is an element of skill involved then the outcome of the bet is less than pure random chance. The more skill involved, the less of a gamble.
Games like poker, backgammon, bridge, billiards, golf can all be played for money, and all have a skill component, and they fall on a spectrum. "Time and chance happens to them all"
I don't mind making bets where the mere fact that I make the bet means that I increase my chances of winning -- so called "bluffing"
I dislike taking a chance on things where I have no measure of control over the outcome.
I don't mind making bets where the payout is greater than the odds
and "May the Odds be Ever in your Favour"
H
horseshoebhole
Rock Star
Silver Level
Great question bro! I think i've had this discussion with every girlfriend i've ever had. " Well its gambling " usually comes up if im in a downswing. And they're correct... it is absolutely gambling. When you're playing at the highest level I feel like you've taken a big percentage of the gamble away. You're playing long term gains blah blah.
Now I tell people it's still gambling but the more you know about the game the higher your percentage is to win. That usually satisfies non poker players as an answer... you can't do that at slots.
CriesuaID
Visionary
Bronze Level
gam·ble
/ˈɡambəl/
verb
gerund or present participle: gambling
/ˈɡambəl/
verb
gerund or present participle: gambling
- 1.play games of chance for money; bet.
rj_montana
Visionary
Silver Level
I consider poker gambling using a literal definition. The mere fact that some players are able to attain a positive expectation does not mean they're not gambling. In that sense, even casinos are "gambling" against the players.
To give an example: Imagine a billionaire offered to give you AA against his any two cards, and would go all in heads up pre-flop. The only condition: you have to wager your entire house, car, assets, net worth, etc. and you cannot purchase insurance. Would you take this bet?
To give an example: Imagine a billionaire offered to give you AA against his any two cards, and would go all in heads up pre-flop. The only condition: you have to wager your entire house, car, assets, net worth, etc. and you cannot purchase insurance. Would you take this bet?
zinzir
Legend
Silver Level
Poker is a game of incomplete information, and has multiple betting sessions incorporated by design.
Strategy was developed to increase a player's odds of making a profit over a long period of time.
Using a strategy, regardless of how good it is, does not take gambling out of poker.
Strategy was developed to increase a player's odds of making a profit over a long period of time.
Using a strategy, regardless of how good it is, does not take gambling out of poker.
ACESOVEREZZZ
Visionary
Bronze Level
a Gamble
Poker is a gamble. Any game that you are wagering against odds of hitting a winning hand is a gamble. Regardless if you are playing with play money or real money it is a gable. Well at least to me it would be.
Poker like life is a gamble --
Poker is a gamble. Any game that you are wagering against odds of hitting a winning hand is a gamble. Regardless if you are playing with play money or real money it is a gable. Well at least to me it would be.
Poker like life is a gamble --
frnandoh
Legend
Bronze Level
Thanks! Based on what you said, do you think investings on stock market is gambling too?Thank U 4 Posting.
Poker is always gambling. Gambling is determined by placing a wager on the outcome of an event.
Being good at gambling is knowing the odds of an outcome and betting proportionally. You could be good at gambling at any game so long as the odds were correct on your bets.
That is the difference between good poker and poorly played poker. Correct odds for actions vs incorrect actions for odds.
No matter which actions you choose it as all gambling. That is why AA gets cracked by 22 for stacks preflop.
Hope this helps
frnandoh
Legend
Bronze Level
Everytime, everywhere, ever.
frnandoh
Legend
Bronze Level
Well... What would it be "ge of chance"?
frnandoh
Legend
Bronze Level
I learn to comprehend "gambling" like a bet unconsidering long term profitability.
I
IanP304
Legend
Bronze Level
Poker is gambling at least in terms of the definition of the word gambling. The difference with poker and most other casino games (aside from blackjack) and sports betting etc is the skill element, players can improve their game and chances of success through study.
Luckily for UK poker players 'gambling' winnings are tax free and currently the UK government classes poker as gambling so therefore UK players do not currently pay tax on poker winnings. This could change though as there has been on/off rumours that the government are looking into re-categorizing poker as a game of skill and therefore winnings/earnings would be taxable.
Luckily for UK poker players 'gambling' winnings are tax free and currently the UK government classes poker as gambling so therefore UK players do not currently pay tax on poker winnings. This could change though as there has been on/off rumours that the government are looking into re-categorizing poker as a game of skill and therefore winnings/earnings would be taxable.
greatgame230
Visionary
Silver Level
Not for me, poker is a sport where you have to pay to play just like in tennis, nobody considers a tennis player a bettor and yet they at the ITF must pay an inscription for me that is poker you must pay a buys -in to play but that does not take away the characteristic that it is a sport
eetenor
Legend
Platinum Level
Thank U 4 Responding.
There is gambling on stocks for the same reason. If you are buying a stock based on the outcome of a single event, say the success of a new drug for a drug company. You are gambling on a single event. In the stock market they call it speculation, it is just gambling.
Investing in startup companies is not investing as much as gambling. The single event is will the startup go public or be bought out.
Investing means supporting a company financially that has proven success to expand that success. When you are investing you should be looking for solid maintained growth that can be replicated for several years going forward. Not for a single event that will get the stock price to jump.
As an interesting point because most CEOs are payed on stock performance, most "investments" in the stock market are gambles. Companies have done away with dividends which are good for stock holders and moved to stock price value which is good for speculators "stock traders" and their friends the CEOs.
People shy away from using the word gamble as it has a societal taboo to it. Poker players even in this thread have suggested because they can play in a way that gives them positive odds that it is not gambling. Again because of the societal taboo. You yourself suggested that not playing well was gambling but playing well was not. If that were true you would never lose when you play well. That happens all the time.
If you are are all in 70% to 30% you are gambling. If you are 100% to win the hand there is no gamble anymore you are just extracting money. The other player is gambling on the fact that you are not 100% to win.
It is not necessary to agree with me because we are discussing the subjective definition of a word.
Unless of course you are often tilting because you are losing when you have AA or flop a set and lose to runner runner. If you stop for a moment and think, ohhh yaaa I was gambling and when you gamble it means you can still lose.
Hope this helps
SLazarov
Enthusiast
Silver Level
depends on attitude, but definetely there is something from gambling, u may have just only bad hands, but you can play them still
F
Fatman0912
Rock Star
Silver Level
Poker is a form of gambling. The thing is that the player can decide how much he wants to be gambling (making bets or raises or calls) and when he doesn't feel like participating in the gambe (folding). Some people are better in this than others.