Monday, January 12, 2009

Finally Proof of the Poker Game of Chance Theory !

By Andrs Vargas

Hot air balloons have been floated with less air than that expended by serious groups of people who have been carrying on a running argument about the subject of whether or not poker is truly a game of chance.

The "Game of Chance" label is typically applied to games of true chance like the lotto. Typically in our opinion and that of many lightened wallets - lotto is a game/hobby that you, my friend simply can't win. No amount of intelligence gathering will typically aid one in positively effecting the odds in a coin toss.

Don't believe me? Try concentrating really hard, using zen energy, meditation or any other form of intelligence or mystical energy on the outcome of a repeated Coin Toss experiment and let me know how it worked out for you.

So, its not really clear why certain games requiring significant craft, intuition, mathematics and raw intelligence get lumped in with the obvious games of chance - like Lotto. Decades after Texas Hold'em was introduced to western saloons, this question of chance suddenly rears its multi-faceted head. Game of Chance or not?

A February article in the magazine Gaming Law Review tries to lay this issue to rest. Micheal and Douglas of the Western Reserve University in Cleveland basically "had a go" at it. There really is only one way to prove or disprove most theories, right? Test, test, test!

How can you possibly prove poker is about skill and not luck? Well folks, simple statistics and a little experimenting did the trick. Micheal and his Professor worked with 2 groups of students with no previous poker experience, one of the groups was given strategy tips while the other received a lecture on poker history.

Surprisingly enough, after the results were tabulated several interesting things came to light. Firstly, the test group who was given strategy tips did significantly better at the game than the history buffs. Big surprise there for the decision makers on Capital hill. Secondly, even the history buffs improved their game outcomes significantly the more they played the game. Just try that with a lotto.

Thinking of hitting the poker tables this weekend? Take a couple minutes and study some poker and player strategy first. It can't help but improve your game. As a good friend once said, Knowledge is free; loosing your money at the table is not. - 16928

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