Poker is a game of skill
The New York Times (this may cost you one of your monthly alloted articles) reports on a new article by Levitt and Miles that argues that poker is a game of skill and not a game of chance. The policy-relevant implications for the study deals with legalization – several prohibitions against poker are codified with terminology that prohibits gambling and randomized lotteries while allowing for skilled based gaming. The authors track a set of known players from the 2010 World Series of Poker (WSOP). The study indicates that "good" poker players do get returns on their tournament buyins (seen as Continue reading Poker is a game of skill