More Poker Thoughts
October 21st, 2006 by Kenric
With my recent article on “Playing/Investing not to lose” and comments about PF bloggers and saving, I thought I’d post about an online cash game that I was watching a few nights ago.
A few days ago my friend tells me that Phil Ivey is playing on FullTiltPoker.com. He tells me that Phil has just lost a $137,000 pot! So I login and take a look and I’m sitting a home watching this table with a $40,000 buy in on my computer. I’m watching players bet $20,000 and then getting raised and folding and I’m saying to myself, “Holy Crap, there just went $20,000.” I can’t remember his name, but the big winner at the table was up $270,000.
I know that I have been critical about PF bloggers trying to save a few bucks when I believe they should be trying to make bucks. But I realize that we are all at different stages of our life and careers. To someone, saving $50 may be alot if their monthly budget is $200. To me, saving $500 is alot, $50 is not. To these guys I was watching, I’m sure that $5,000 is not alot to them. In fact, if any of them had blogs they would be wondering why I’m posting about a $3,000 pen that I bought almost two years ago.
I play poker and I am finding alot of correlation between the game and investing.
Posted in Gambling | 
Stumble it!
I think that in a lot of ways, poker is a type of investment. Granted an investment with high risk and a little too dependant on luck if you ask me. Poker is a lot more of a skill game than most forms of gambling, much like investing. Investing takes as much skill as anything out there.
By thatedeguy on Oct 22, 2006