SnakeNdGrass wrote: pluntzky wrote: I have no idea why people try to argue that poker aint gambling, if it wasnt, then sportbetting wouldnt be gambling either, because its a game of skill, and neither would videopoker, blackjack etc etc. Not mutch left then. Or how about selling odds on a pokerhand on a odds-exchange?
Gambling with an edge can be done on various types of gambling if you are skilled, but its still gambling.
And even if u use BR management u cant really know that you are a winning player before u have made the gamble to try it out.
So basically every casino is gambling everyday on whether they will make money or not.
Everything you do is gambling. If I take a job tommorow, I am gambling that a better job will not come up. If I walk my dog, then I am taking the gamble that a semi wont plow me into the road. etc. etc.
Poker is gambling, along with everything else that you do.....next the stock market, eating ice cream, porn, and walking my dog will be illegal.
sigh
WRONG WRONG WRONG
Casinos don't gamble, their patrons do. Casinos know damn well they're going to make money, lots of it. Casino games have a built in house edge and for poker games they collect a rake. Casinos don't go bankrupt, but some of their customers do.
Second, walking the dog or taking a job are not considered gambling. Gambling involves wagering money (or something of value) with the goal of winning additional money--- in a relatively short period of time. When someone says they're going to "take a gamble" on something, typically their misusing the phrase, it's just a saying.
Actions typically not regarded as gambling: (From Wikipedia, but research "gambling" anywhere for the same results)
Emotional or physical risk-taking where what is being risked is not money or material goods (e.g., skydiving, running for office, asking someone for a date, etc.)
Buying insurance, as the primary intent of the purchase is to protect against loss, rather than to collect.
All forms of 'investment' (stock market, real estate) with positive expected returns, economic utility, and some underlying value independent of the risk being undertaken.
Starting a new business, as time and effort are also being wagered and the outcome is not determined in a short period of time.
Situations where the possibility of winning additional money or material goods is a secondary or incidental reason for the wager/purchase (e.g., buying a raffle ticket to support a worthy cause).
Prediction markets or knowledge exchanges where the outcome is to encourage the development of market-based mechanisms for resolving questions of science, technology, management, strategy, planning, policy, etc.
OK so there you have it Playing poker is definitely gambling. Collecting rake on poker games is running a business. |