View Single Post
Old September 9th, 2011, 12:11 AM   #38 (permalink)
OutofDate1980
Senior Member
 
Join Date: Jul 2010
Posts: 1,568
 
Device(s):
Carrier: Not Provided

Thanks: 261
Thanked 127 Times in 111 Posts
Default

Quote:
Originally Posted by nlsme View Post
... I am rather good at holdem. Go to the Turning Stone on a monthly basis. I routinely triple my money. ....
Economically speaking, gambling is a zero-sum activity, which most often leads to a transfer of wealth from the poor to the rich. I believe Bob brought out the asymmetrical relationship.

Perhaps there is a compromise, require gamblers (punters) to have a license, proving proficiency in statistics, probability, expected value, etc... I know doubt this would be an easy exam for you.
OutofDate1980 is offline  
Reply With Quote