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Poker Discussion
General Poker
Is poker "gambling"?
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[QUOTE="dj11, post: 1631221, member: 13851"] I disagree. Future events being unknowable, the stock market depends on attempts by forces unknown to control segments of the economy and the profitability of the market reflects those attempts. But we can not know all the forces involved. So investing in the stock market tends to be a mass zero sum game where some profit because others lose. Related are the commodities markets (soy bean futures for example) where on the one hand more info is available (drought, floods, etc.) but still requires information about unknowable future events, as well as the political (often international) landscape again in the projected future. On a grand scale poker is so much more controllable as an investment than either the stock or commodity markets. But fundamentally they deal with the same forces, poker having many fewer unknowable futures, but still beyond the scope of complete understanding by any living human. So I argue here that we, and the world, need to see that the capitalist model that developed the legit markets also applies to poker. The big difference being that in poker the results are known nearly immediately (hand by hand, or session by session), whereas in the investment world those 'bets' play out for longer periods of time, often years. Day traders would represent the hand by hand model, and investment funds might represent the session by session model. [/QUOTE]
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