Similarities between poker and trading

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

I suspect it's the same with professional gamblers - I wouldn't have thought there's generally much value to be had in backing an odds-on favourite...

Jeff
rubysglory wrote:I found it interesting that the first video presenter (Jeff's original post)found belief that the best Traders and Players lose on average more hands (trades)than they win, yet are the biggest winners overall.

rg
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

http://www.bbc.co.uk/news/business-13121768

The article says that: 'Last year, 5 live Investigates reported on a ring of Chinese poker players who colluded to rip off players on the Isle of Man-based PokerStars site. PokerStars refunded $2.1m (£1.3m) to customers across the world after the scam was uncovered.'

I'm sure Betfair would have acted just as honourably...

Jeff
federer

Ferru123 wrote:http://www.bbc.co.uk/news/business-13121768

The article says that: 'Last year, 5 live Investigates reported on a ring of Chinese poker players who colluded to rip off players on the Isle of Man-based PokerStars site. PokerStars refunded $2.1m (£1.3m) to customers across the world after the scam was uncovered.'

I'm sure Betfair would have acted just as honourably...

Jeff
You were right....
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