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Skill or Luck? £10 to £500 Challenge. Signing off Challenge Complete.
coo1-um
Member Posts: 2,947
Is poker Gambling?
Is poker a game of skill or luck?
The answer to the first question no matter how many times I have previously stated is it not has to be quite clearly yes, risking money for profit / loss = Gambling.
The second question however has an answer which is a lot more convoluted, Both answers are right. The Skill:Luck ratio depends entirely on what your opinion of it is.
For example, someone who puts time and effort to study and learn may say there is 25% luck involved, "its about knowing your opponents", "the strategies involved" and "getting your money in good".
Others just want to play "70% is luck", "any two cards could win","How does he always have Ace king when I go all in with Ace Ten & when I have Ace King he shows Pocket Queens the lucky so and so".
My answer if pressed on the second question would always be erring on circa 70% skill, so why why why do I play from the 70% luck side.
I often sit down with the best intention of playing one or two games, but five minutes later realise I have six games going that my auto registration fingers have started up.
These games would generally include any combination of;
No Limit Tournaments and satellites
PLO8 and PLO8 BH games
5p / 10p Spin Ups
Double or nothings.
Seriously how is skill ever going to come out on top here.
So, No more 6 tabling (well except in circumstances like the start of the challenge anyway, but otherwise….)
No more than 2 game types.
Max 4 Tables (except as above….)
I will endeavour to turn £10 intoDust £500 all tokens / tickets will be counted and I plan to incorporate promotions / freerolls (hopefully not the points freerolls)
Sub-challenges along the way and all my play will be directly related to this challenge.
Is poker a game of skill or luck?
The answer to the first question no matter how many times I have previously stated is it not has to be quite clearly yes, risking money for profit / loss = Gambling.
The second question however has an answer which is a lot more convoluted, Both answers are right. The Skill:Luck ratio depends entirely on what your opinion of it is.
For example, someone who puts time and effort to study and learn may say there is 25% luck involved, "its about knowing your opponents", "the strategies involved" and "getting your money in good".
Others just want to play "70% is luck", "any two cards could win","How does he always have Ace king when I go all in with Ace Ten & when I have Ace King he shows Pocket Queens the lucky so and so".
My answer if pressed on the second question would always be erring on circa 70% skill, so why why why do I play from the 70% luck side.
I often sit down with the best intention of playing one or two games, but five minutes later realise I have six games going that my auto registration fingers have started up.
These games would generally include any combination of;
No Limit Tournaments and satellites
PLO8 and PLO8 BH games
5p / 10p Spin Ups
Double or nothings.
Seriously how is skill ever going to come out on top here.
So, No more 6 tabling (well except in circumstances like the start of the challenge anyway, but otherwise….)
No more than 2 game types.
Max 4 Tables (except as above….)
I will endeavour to turn £10 into
Sub-challenges along the way and all my play will be directly related to this challenge.
Comments
Challenge 1 - Bankroll Builder. Duration, Now up to and including 31st July.
I will allow myself the odd <=£2.20 tournament for my sanity providing I have £5.00 in my account after the buy in but this will be mainly focused on achieving the 25 daily points for the eliminator freerolls therefore will be mass tabling the £0.28 Double or nothing games
Not decided on bankroll management will probably steal someone else's criteria
Will need to get 25 games in before 8:15 for eliminator entry.
You've posted in the Betting Chat section but it will get many more views and attention if you nudge @Tikay10 to move it across to Poker Chat where it rightfully belongs
I think there are other countries too. Maybe even UK?
But its a profit on the day.
Moved as requested.
VBOL Mr Um.
Best of luck Mr Cool, I presume you prefer Mr Cool to Mr Um?
.... though sometimes I wish we weren't.
At least your challenge will be easier than getting The OWLS into the Premiership. Roll on next Season and let's hope we don't get docked too many points
Taking it overall as a win, the 28p turbos are a must for a low stakes bankroll challenge as you need to be getting in the 100 points for the £2.30 token which is secured here pro rata. 6 tabling them is nothing short of frantic.
Sill not playing optimally mainly due to six tabling the double or nothing, even when single tabling not really having time, but the equity in the eliminator freerolls still exceeds any losses so far.
Need to get out of the habit of playing the Freerolls like 'Freerolls" especially when 30 or so off the money. Playing the freerolls where i can but not reporting unless i cash. No need for the points freerolls yet.
Bankroll builder going ok.