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  1. O

    Poker and Investing

    I remember reading a story once that showed a huge proportion of people who win over $1mil in lotto are actually in a worse financial position within 3 years than they were before winning. If memory serves it was well over half the winners.
  2. O

    Poker and Investing

    I guess what I'm saying is that with lotto there is only chance, no skill. Poker is the opposite. There is a large degree of skill and very little chance. At least if you take a long term view, any one hand is going to entail a lot of luck of course. Also, there will only be a small...
  3. O

    Poker and Investing

    Sorry but if you are implying the odds of winning money from lotto are better than poker you have it backwards. Poker is definitely a game of skill that involves an element of luck. As such if you learn, practice, gain experience and improve you will be much more likely to win money playing...
  4. O

    Poker and Investing

    The new gambler would be a cooler employed by the casino to combat group tactics and card counting. They specifically start doing things like you said, hitting on 18, doubling up on paird kings and stuff like that specifically to make it more difficult for the group to work together. Less...
  5. O

    Poker and Investing

    I bet(pun intended!) there would be many casinos willing to pay you mega dollars to design games where they have a 20% edge and yet people still want to play. Even pokies have a mandated minimum pay out of 87% meaning the house gets to keep 13% and that's the best house edge that comes to mind...
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