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Poker Discussion
General Poker
Is "working for a living" considered gambling?
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[QUOTE="OzExorcist, post: 2325140, member: 23910"] It does in Joe Public's case. Actually, Joe Public is probably worse off playing poker than he is playing roulette - at least playing roulette he's only giving up an edge to the house of 2.7 or 5.26%. If he sits down in a poker game against a bunch of much better players, chances are he's giving up a [b]much[/b] bigger edge than that. I guess I have two objections to people who want to scream from the rooftops that poker isn't gambling. One is that they're technically incorrect, and for whatever reason that bugs me. As we've discussed, the absolute best case you can make is that it's not gambling for less than half the people that play the game. The other is that it's not actually a helpful point to make in most cases. As discussed previously, those who are against poker because they're against gambling as a whole are [b]never[/b] going to change their minds just because you say "poker's not really gambling". I think it's also a dead end as far as the legalisation debate goes, so it's sad to see so much time and effort being wasted on the topic when people could just be accepting reality, accepting that poker is gambling, and then getting on with doing something that might actually be useful to the legalisation effort. Oh dear. Oh dear, oh dear, oh dear. I'm going to ask a serious question here: do you [b]actually[/b] run your own business? Have you ever? Do you actually know anything about running a business at all? Because it sounds to me like you're just plucking figures out of the air, without any grounding in reality. I've also got a masters degree in business. I also worked for myself for several years. I made about the same or slightly less than I did doing basically the same stuff as an employee. There are things I could have done better, but the point stands. I know a bunch of other people that run their own businesses - most of them are doing about on a par with when they were employees too. Now, here's an [b]actual[/b] number to think about: [URL="http://www.washingtonpost.com/blogs/fact-checker/wp/2014/01/27/do-9-out-of-10-new-businesses-fail-as-rand-paul-claims/"]at least 30% of new businesses fail in the first five years[/URL]. And by "fail" we mean "total loss of the venture capital investment". They have literally [i]nothing[/i] left after five years or less. Saying that anyone can take the skills they use as an employee, start up their own business and start earning more than they were as an employee is absolutely, positively, ridiculous. What if you're a production line worker at a car manufacturing plant? Are you going to set up a little production line in your garage and hope an auto maker is going to buy your parts? Some jobs simply don't work without economies of scale. Even if you do have skills that would be transferrable, that doesn't mean you have all the skills needed to run a business. You can be a fantastic graphic designer, or IT consultant, or whatever, but if you don't know marketing, accounting, budgeting and business planning you're unlikely to get anywhere. Chances are you'll end up being one of the 30% that loses all their money within the first five years. ...because you'd almost certainly get crushed and lose hundreds of dollars... ...because you'd almost certainly get crushed and lose thousands of dollars. The reality is that the majority of play money players don't have the skill set to play $100NL and be successful. The vast majority of $100NL players don't have the skill set to play nosebleeds and be successful. And the vast majority of employees don't have the skill set to go into business for themselves and be successful. [/QUOTE]
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Is "working for a living" considered gambling?
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