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Skill vs Luck Question

 
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Lute

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Since: Apr 30, 2007
Posts: 158



(Msg. 1) Posted: Wed Feb 27, 2008 9:55 am
Post subject: Skill vs Luck Question
Archived from groups: rec>gambling>poker (more info?)

What would you say is the ratio of skill to luck in poker?
In NLHE? In Omaha, 7-stud?

To put it in familiar terms, suppose you were taking a test in
school. Max score is 100. There are 25 questions worth one point
each. The remaining 75 points are pure luck, so that you score a
random number of points from zero to 75 by chance.

In that scenario, skill (knowledge) accounts for only 25 percent of
your score, luck counts for 75 percent.

If we translate this into your "score" (results, profits/loss) in
poker, then what percent would you say is decided by skill, and what
percent by luck?

Even if skill is only 25 percent, that allows a decisive advantage
over someone with low skills. For example, a player whose skill lets
him make correct decisions 15/25 of the time, has a powerful advantage
in the long run over a player whose skill gives him correct decisions
only 10/25 of the time.

Maybe this is not a good way to set the question up, so if you have a
better way, I'd like to hear it.

Skill clearly is a strong factor in poker outcomes, but how strong is
it compared to luck, in any given hand, session, or year?

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John_Brian_K

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Since: Nov 16, 2007
Posts: 480



(Msg. 2) Posted: Wed Feb 27, 2008 11:03 am
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> Skill clearly is a strong factor in poker outcomes, but how strong is
> it compared to luck, in any given hand, session, or year?

Skill in one hand has little to no affect
Skill in one session has little to no affect
Skill in a year is more like it
Skill in a career in poker, well if you have a 'career' in poker that
lasts over years the answer to this is obvious

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quiee1

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Since: Feb 27, 2008
Posts: 2



(Msg. 3) Posted: Wed Feb 27, 2008 11:23 am
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> What would you say is the ratio of skill to luck in poker?
> In NLHE?  In Omaha, 7-stud?
>
I believe there is skill in playing poker as follows
! : maxing your profit on a given hand
2: learning to read people
3: managing your bank roll
In stud developing a good memeory ( for cards played)
in Omaha knowing what hand beat what
But the big but, When you go all -in in NLHE it is in the hands of the
card gods
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Jason Pawloski

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Since: May 09, 2007
Posts: 334



(Msg. 4) Posted: Wed Feb 27, 2008 11:38 am
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On Feb 27, 11:03 am, John_Brian_K <John_Brian_Kent_1....TakeThisOut@yahoo.com>
wrote:
> > Skill clearly is a strong factor in poker outcomes, but how strong is
> > it compared to luck, in any given hand, session, or year?
>
> Skill in one hand has little to no affect
> Skill in one session has little to no affect
> Skill in a year is more like it
> Skill in a career in poker, well if you have a 'career' in poker that
> lasts over years the answer to this is obvious

Sweet christ, learn the difference between "affect" and "effect"
please. Or at least know your parts of speech and what goes where.
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FellKnight

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Since: Jan 12, 2007
Posts: 2087



(Msg. 5) Posted: Wed Feb 27, 2008 12:19 pm
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On Feb 27 2008 11:03 AM, John_Brian_K wrote:

> > Skill clearly is a strong factor in poker outcomes, but how strong is
> > it compared to luck, in any given hand, session, or year?
>
> Skill in one hand has little to no affect

Wrong.

> Skill in one session has little to no affect

Wrong.

> Skill in a year is more like it
> Skill in a career in poker, well if you have a 'career' in poker that
> lasts over years the answer to this is obvious

Fell

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XaQ Morphy

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Since: Aug 10, 2007
Posts: 3129



(Msg. 6) Posted: Wed Feb 27, 2008 12:29 pm
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On Feb 27 2008 11:55 AM, Lute wrote:

> What would you say is the ratio of skill to luck in poker?
> In NLHE? In Omaha, 7-stud?

Gary gave the answer I was going to give before I could. Hope this helps.

---
Morphy
xaqmorphy.TakeThisOut@donkeymanifesto.com
http://www.donkeymanifesto.com

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WuzYoungOnceToo

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Since: Apr 25, 2007
Posts: 1074



(Msg. 7) Posted: Wed Feb 27, 2008 12:30 pm
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On Feb 27 2008 11:55 AM, Lute wrote:
>
> What would you say is the ratio of skill to luck in poker?

It depends on my win/loss ratio at the moment.

--------------------------------------------------------------------------

"Be polite. Be professional. But...have a plan to kill everyone you meet."

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Iceman

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Since: Apr 18, 2007
Posts: 163



(Msg. 8) Posted: Wed Feb 27, 2008 12:44 pm
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On Feb 27, 12:55 pm, Lute <lutelat....RemoveThis@msn.com> wrote:
> What would you say is the ratio of skill to luck in poker?
> In NLHE? In Omaha, 7-stud?


Highest

Deep money NL holdem
Capped buy-in NL holdem
Shorthanded limit holdem
Stud-8
Limit Omaha-8
Stud
(full table) Limit holdem
SNGs
MTTs

Lowest
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johnny_t

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Since: Oct 30, 2007
Posts: 614



(Msg. 9) Posted: Wed Feb 27, 2008 4:06 pm
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Lute wrote:
> What would you say is the ratio of skill to luck in poker?
> In NLHE? In Omaha, 7-stud?
>
> To put it in familiar terms, suppose you were taking a test in
> school. Max score is 100. There are 25 questions worth one point
> each. The remaining 75 points are pure luck, so that you score a
> random number of points from zero to 75 by chance.
>
> In that scenario, skill (knowledge) accounts for only 25 percent of
> your score, luck counts for 75 percent.
>
> If we translate this into your "score" (results, profits/loss) in
> poker, then what percent would you say is decided by skill, and what
> percent by luck?
>
> Even if skill is only 25 percent, that allows a decisive advantage
> over someone with low skills. For example, a player whose skill lets
> him make correct decisions 15/25 of the time, has a powerful advantage
> in the long run over a player whose skill gives him correct decisions
> only 10/25 of the time.
>
> Maybe this is not a good way to set the question up, so if you have a
> better way, I'd like to hear it.
>
> Skill clearly is a strong factor in poker outcomes, but how strong is
> it compared to luck, in any given hand, session, or year?


You realize how card counting works in Blackjack right? Is that skill?

You bet bigger when the count is your way and the probability is higher
that you win. You bet lower when the count is against you, and you lose.

Is this skill or luck?

Skill is the management of luck. It is the creation of error, it is
taking advantage of error.

Poker is interesting because of the variety of styles, and how those
styles intermingle. That it is clear that there may exploitive styles
to all other styles, and that there may not be one optimum style. And
because it is an incomplete information system that uses the most
powerful of human emotions Fear and Greed that enhance errors and make
exploitation even more interesting.

All I know is that I want one of two poker nicknames. If I can't be
"Lucky" I want to be "River".

It is probably easier to be mathematically correct, which is a form of
skill in Stud or Omaha. It is possible to be more "correct" in your
decisions based on the skill of playing the game.

But I think that the skill level is way higher in NLHE, because of the
enhancement possibility of the inducement of error.
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johnny_t

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Since: Oct 30, 2007
Posts: 614



(Msg. 10) Posted: Wed Feb 27, 2008 4:15 pm
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quiee1 wrote:
>> What would you say is the ratio of skill to luck in poker?
>> In NLHE? In Omaha, 7-stud?
>>
> I believe there is skill in playing poker as follows
> ! : maxing your profit on a given hand

I disagree with this statement. Maxing a profit or minimizing a loss on
a GIVEN hand is sort of interesting for that hand. But may actually
cost too much money in a session. Image management, and banking on
image management is the much bigger skill. Which goes hand in hand with 2.

> 2: learning to read people

The most basic of this is reading strength or weakness. And this can be
done simply from the most basic of reads, how do people bet? What is
their style?

> 3: managing your bank roll

This is absolutely key. Gambler's ruin is the number one failure of
most people that gamble. This is how casino's make almost ALL their
money, NOT on the slight edge in most games.

People get into a variance war with the casino. And almost all players
lose this war due to gambler's ruin. They lose all they are going to
lose due to variance, and not to the edge.
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Gary Carson

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Since: Aug 13, 2007
Posts: 1609



(Msg. 11) Posted: Wed Feb 27, 2008 7:46 pm
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On Feb 27 2008 11:55 AM, Lute wrote:

> What would you say is the ratio of skill to luck in poker?
> In NLHE?

7

> In Omaha,

4.6

>7-stud?

12.58


Gary Carson
http://www.garycarson.com



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TheFleece

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Since: Mar 07, 2007
Posts: 245



(Msg. 12) Posted: Wed Feb 27, 2008 8:57 pm
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On Feb 28 2008 3:55 AM, Lute wrote:

> What would you say is the ratio of skill to luck in poker?
> In NLHE? In Omaha, 7-stud?
>
> To put it in familiar terms, suppose you were taking a test in
> school. Max score is 100. There are 25 questions worth one point
> each. The remaining 75 points are pure luck, so that you score a
> random number of points from zero to 75 by chance.
>
> In that scenario, skill (knowledge) accounts for only 25 percent of
> your score, luck counts for 75 percent.
>
> If we translate this into your "score" (results, profits/loss) in
> poker, then what percent would you say is decided by skill, and what
> percent by luck?
>
> Even if skill is only 25 percent, that allows a decisive advantage
> over someone with low skills. For example, a player whose skill lets
> him make correct decisions 15/25 of the time, has a powerful advantage
> in the long run over a player whose skill gives him correct decisions
> only 10/25 of the time.
>
> Maybe this is not a good way to set the question up, so if you have a
> better way, I'd like to hear it.
>
> Skill clearly is a strong factor in poker outcomes, but how strong is
> it compared to luck, in any given hand, session, or year?

Poker is a game of luck with an element of skill.

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Dutch

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Since: Jan 21, 2008
Posts: 195



(Msg. 13) Posted: Wed Feb 27, 2008 9:21 pm
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Lute wrote:
> What would you say is the ratio of skill to luck in poker?
> In NLHE? In Omaha, 7-stud?
>
> To put it in familiar terms, suppose you were taking a test in
> school. Max score is 100. There are 25 questions worth one point
> each. The remaining 75 points are pure luck, so that you score a
> random number of points from zero to 75 by chance.
>
> In that scenario, skill (knowledge) accounts for only 25 percent of
> your score, luck counts for 75 percent.
>
> If we translate this into your "score" (results, profits/loss) in
> poker, then what percent would you say is decided by skill, and what
> percent by luck?
>
> Even if skill is only 25 percent, that allows a decisive advantage
> over someone with low skills. For example, a player whose skill lets
> him make correct decisions 15/25 of the time, has a powerful advantage
> in the long run over a player whose skill gives him correct decisions
> only 10/25 of the time.
>
> Maybe this is not a good way to set the question up, so if you have a
> better way, I'd like to hear it.
>
> Skill clearly is a strong factor in poker outcomes, but how strong is
> it compared to luck, in any given hand, session, or year?

Luck is essentially irrelevant, every player will have the same
amount of good or bad luck over time. A professional gambler
does not even consider luck to be an issue. If you can find
games where you are better than the average player then you will
make money in those games. On a given hand or session you may be
outdrawn or suffer bad beats but that's not something anyone can
control. You only need to induce your opponents to make
incorrect plays (or have them make them willingly) and you will
be a winner, even though those plays do not always work in your
favor on a given instance. For example, if you can get an
opponent to put all his chips in the pot with KQ when you hold
AA you have made the right play, whether he draws out on you or
not (assuming no danger flop like JT9 :>)). In that case your
superior skill will allow you to actually throw away your aces.
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Lord Turkey Cough

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Since: Jun 04, 2007
Posts: 462



(Msg. 14) Posted: Thu Feb 28, 2008 7:08 am
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"Lute" <lutelatner RemoveThis @msn.com> wrote in message
news:a88a0873-d6c1-40fe-ab36-b45184cce74a@u69g2000hse.googlegroups.com...
> What would you say is the ratio of skill to luck in poker?
> In NLHE? In Omaha, 7-stud?
>
> To put it in familiar terms, suppose you were taking a test in
> school. Max score is 100. There are 25 questions worth one point
> each. The remaining 75 points are pure luck, so that you score a
> random number of points from zero to 75 by chance.
>
> In that scenario, skill (knowledge) accounts for only 25 percent of
> your score, luck counts for 75 percent.
>
> If we translate this into your "score" (results, profits/loss) in
> poker, then what percent would you say is decided by skill, and what
> percent by luck?
>
> Even if skill is only 25 percent, that allows a decisive advantage
> over someone with low skills. For example, a player whose skill lets
> him make correct decisions 15/25 of the time, has a powerful advantage
> in the long run over a player whose skill gives him correct decisions
> only 10/25 of the time.
>
> Maybe this is not a good way to set the question up, so if you have a
> better way, I'd like to hear it.
>
> Skill clearly is a strong factor in poker outcomes, but how strong is
> it compared to luck, in any given hand, session, or year?

It's all luck.
Some people think there is an element of skil but they are retard.
Unless you are playing with someone with the IQ of an amoeba
it is pure luck.

Yes some people have made a career out of poker, but just a handful.
Hundreds of people have made a career out of playing the lottery.
Are they good players?
No.
Just frigging lucky ba*stards.

And remember a lot of those people who 'make a career' out of playing
poker are actually laundering drug money. They loose over all,
buy their way to final tables, but overall they are big losers.

Do they get their pictures in the poker press when they are losing thousands
of pounds a day or more? Not on your Nelly, just the once in a life time big
win.

It's a mugs game, get out while you can.

Obviously all the poker indusrty 'bots' and advertising chimpanzees will
will start slagging me off and character assinating me, but thats to be
expected.

But bring it on, I challange you to debate this in public, I somehow don't
think you wil have the guts to follow your bluff through, you are not
talking
to a mug here and I think/(hope for you sake) you realise that.

Come on then bring it on - I will take the lot of you on in public.

This is no room for chickens.

Put up or shut up :O|
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Deadmoney Walking

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Since: Apr 23, 2007
Posts: 342



(Msg. 15) Posted: Thu Feb 28, 2008 5:55 pm
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On Feb 27, 4:21 pm, Dutch <n... RemoveThis @email.com> wrote:
> Lute wrote:
> > What would you say is the ratio of skill to luck in poker?
> > In NLHE?  In Omaha, 7-stud?
>
> > To put it in familiar terms, suppose you were taking a test in
> > school.  Max score is 100. There are 25 questions worth one point
> > each.  The remaining 75 points are pure luck, so that you score a
> > random number of points from zero to 75 by chance.
>
> > In that scenario, skill (knowledge) accounts for only 25 percent of
> > your score, luck counts for 75 percent.
>
> > If we translate this into your "score" (results, profits/loss) in
> > poker, then what percent would you say is decided by skill, and what
> > percent by luck?
>
> > Even if skill is only 25 percent, that allows a decisive advantage
> > over someone with low skills.  For example, a player whose skill lets
> > him make correct decisions 15/25 of the time, has a powerful advantage
> > in the long run over a player whose skill gives him correct decisions
> > only 10/25 of the time.
>
> > Maybe this is not a good way to set the question up, so if you have a
> > better way, I'd like to hear it.
>
> > Skill clearly is a strong factor in poker outcomes, but how strong is
> > it compared to luck, in any given hand, session, or year?
>
> Luck is essentially irrelevant, every player will have the same
> amount of good or bad luck over time. A professional gambler
> does not even consider luck to be an issue.

I do

> If you can find
> games where you are better than the average player then you will
> make money in those games.


Not if the rake is too high.
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