= 27d567bc2d48d9f40e9ccc20ea370b15)
Kevin comments on Verifying Rationality via RationalPoker.com - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (154)
Sure, there are good poker psychology issues. I'm in agreement on that.
But you can be a very fine rationalist without being good at cards, and vice versa. (I consider myself a fine rationalist, and I am very good at both poker and bridge; over the last 100 hours I've played poker (the last three years; I don't play online because it's illegal) I'm up about $60 an hour, though that's likely unsustainable over the long haul. ($40 an hour is surely sustainable.)
But you can be nutty and be great at cards. And if your skill set isn't this - and you're not willing to commit to some real time at getting good - you're going to get crushed. The idea that simple rationalism is going to lead to big wins is just wrong. You need the math and (less, I think) reading the opponents. You also need to develop the skill of being hard to read.
--JRM
What specifically makes online poker illegal? I thought the popular interpretation of the Wire Act was that it only made the facilitation of gambling as a business enforcably illegal, and the more recent 2006 bill similarly did not apply to individual players.
I agree that the intent of the US government is to make individual gambling illegal, but that doesn't seem to be what legal precedent has actually established. And under the Obama administration the intent is less clear to me.
Hopefully the WTO gives the USA the slap it deserves in the next five years or so.
According to WSJ:
So, basically, the government insists it is illegal. They just don't usually bother to interfere. Although under Obama, the feds have started seizing accounts.