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Poker Discussion
General Poker
poker players overestimate the skill factor in their play
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[QUOTE="Deco, post: 1964969, member: 55552"] Lol at that sample! How you do in 60 hands is pretty much luck? Did they really need a study for that :p But ye I agree most people underestimate the amount of luck involved. Heck if fish couldn;t get lucky and win from time to time they wouldn't play. The mass majority of people who play poker think they're amazing at it when only 5% or so actually make money. When these 95% lose they put it down to bad luck as once upon a time they had a winning streak. Winnings players can be as bad at underestimating luck, mostly in the form of winrates. People will actually take in samples of a mere 100-200K hands as viable samples of what their winrate looks like. If you want to get a good idea of how much luck is involved in a hand sample of X hands try playing about with this [URL="http://www.evplusplus.com/poker_tools/poker_winrate_confidence/"]calculator[/URL]. (the default stdDev is a pretty decent approximation/average). [/QUOTE]
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General Poker
poker players overestimate the skill factor in their play
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