***Official PL LC/NC Thread for June & July***

[LastLife]

Originally Posted by ScreaminAsian

i bet on the upset, and now i'm upset.

but i don't have a choice. in American terms: i'm 1/4 Italian, and thus, i feel that if Italy wins, then i ONE-QUARTER WON AS WELL. which would be an amazing accomplishment, especially since i don't even play futból. so you can imagine becoming 1/4 BEST IN THE WORLD at soccer for a whole year is a pretty good reason to get into the game, but I decided to put a buncha money on it anyway.

Idk dude. 1/4 champion is less than a subchampion. That's almost in everyone gets a trophy territory.

[ScreaminAsian]

then wtf are soccer tournaments even FOR??

[sba9630]

[sba9630]

Jon Stewart wants Governor Christie to explain the difference between marijuana and sports betting...


Of Vice and Men - New York Weed Bill Dies & Chris Christie's Veto Threat [thedailyshow.com]


ht: Joe Brennan Jr ‏ ‏@joebrennanjr

NJ sports betting: You know you've made a difference when you're parodied on "The Daily Show" by Jon Stewart himself

[sba9630]

Dunning–Kruger effect

The Anosognosic’s Dilemma: Something’s Wrong but You’ll Never Know What It Is (Part 1) [nytimes.com]

Kruger, Justin; David Dunning (1999). "Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments"

[jonesse]

The State of Utah risked (gambled?) $5 million and lost.

http://www.nytimes.com/1990/10/30/sc...ted=all&src=pm

[LastLife]

Anyone want to give me a few ideas? I'm trying to come up with bullet points to explain the entire poker industry to a layman. Right now I have:

1. Definition of poker, poker terms, and rules
2. Hand Rankings
3. Types of Poker(Games and cash/tourneys)
4. Types of betting structures and how they differ
5. Places to play
6. Poker Tours/Series
6a WSOP and Televised poker
7. List of Pros
8. List of Celebrity/Politician/Althlete players
9. Basic Strategy
10. Poker History
11. Online Poker
12. Difference between poker, video poker, and tradition gambling
13. Poker equipment(tables, chips, dealers or online would be software,etc)
14. Tells
15. Sister (Related) Games
16. Types of tournament structures(turbo, shootout, etc)
17. Types of cash games(deep stack, etc)
18. Poker Odds(Odds of royal flush, etc, nothing too complicated)
19. Announcers/Hosts
20. News sources
21. Poker books
22. Training sites
23. Pop Culture(movies, songs)
24. Legislation


I think that I want to keep scams out of it. That's not really something that I want to spread around.

Edit

25. Poker forums
26. Poker charities

[repulse]

I might add a bullet for risk management in poker. It's worth noting the vast majority of poker is played at very low stakes (well, when online poker exists, at least...) and that a responsible poker player can ensure that he or she never goes broke by exercising proper bankroll management. People are also generally surprised to learn how good the risk-adjusted return is, and that even a part-time low-stakes poker player easily crushes the return on any mutual fund, and at much lower annual volatility.

[munkey]

I meant to post about this the other day, got reminded reading the reply in the Telegraph letters the other day. Seems more LC than PL article thread so just put it here in case some folks are interested.

The best lawyers are not law graduates

Lord Sumption told Counsel that the "most difficult" thing about practising law was "not the law but the facts".

"Most arguments which pretend to be about law are actually arguments about the correct analysis and categorisation of the facts," he said.

"Once you're understood them it's usually obvious what the answer is. The difficulty then becomes to reason your way in a respectable way towards it."

He added: "That's why the study of something involving the analysis of evidence, like history or classics, or the study of a subject which comes close to pure logic, like mathematics, is at least as valuable a preparation for legal practice as the study of law.

Should add he's one of the Justices of the UK Supreme Court and studied history @ Oxford as an undergraduate

Originally Posted by repulse

I might add a bullet for risk management in poker.

Maybe you need some meat on the bones like this

BTW thanks repulse for that MTG 'luck' link.
I thought it was instructive and I learned some new things I never considered in quite an accessible way. Right off the bat, I liked the "orthogames" definition of resolving to rank and having a stopping time.

I never really considered the time constraint effect i.e the pi guessing game as an example of time to calculate in your head in short time the nth digit of pi (Plouffe formula FT_slightW).

This is despite playing SC2 and well aware of the increasing APM (actions per minute) needed to do everything as you move up the skill level. Pros are ~300+ for those unaware.

[sba9630]

Chris Krafcik
‏@CKrafcik

[4] One lobbyist said: "I think that if lotteries can't get states to rush into I-gaming, I think the federal case may get stronger."

[repulse]

Originally Posted by munkey

Maybe you need some meat on the bones like this

It's good meat, I can't deny that!

Originally Posted by munkey

BTW thanks repulse for that MTG 'luck' link.
I thought it was instructive and I learned some new things I never considered in quite an accessible way. Right off the bat, I liked the "orthogames" definition of resolving to rank and having a stopping time.

I'm glad you appreciated it! The orthogame distinction is both obvious and meaningful, especially when it comes to poker being so frequently categorized with forms of gambling that are clearly not orthogames. Not that being an orthogame automatically has any direct bearing on the legal question of predominance, but it certainly helps frame the question in a way that highlights poker's meaningful differences.

Originally Posted by munkey

I never really considered the time constraint effect i.e the pi guessing game as an example of time to calculate in your head in short time the nth digit of pi (Plouffe formula FT_slightW).

This is despite playing SC2 and well aware of the increasing APM (actions per minute) needed to do everything as you move up the skill level. Pros are ~300+ for those unaware.

I've never heard of the Plouffe formula before, just googled it, seems like something I should have known already Neat stuff! HU pi-game for rolls?

The influence of the limits of human physical/mental ability probably have more bearing on game design than on game legality, but I feel like it plays a role in demonstrating that poker has plenty of uncertainty in outcomes other than those related to the shuffle of the cards. It really is silly for society to allegedly care entirely about explicit randomness when strategic uncertainty, time limitations, and other implicit randomness matter so much.

[sba9630]

Joe Brennan Jr
@joebrennanjr


NFL: sports betting = NO; online lottery & bingo to pay for stadiums = YES. Hypocrisy?

Gambling regulators OK scope of electronic games regarding Vikings stadium revenue [duluthnewstribune.com]

Minnesota is becoming the first state to widely offer electronic pull-tabs and linked bingo, where players in multiple locations vie for a common pot of money. The state is betting that annual tax collections from pull-tabs and bingo would more than double, from $37 million to almost $95 million, when the games are fully implemented by mid-2013. Some proceeds would be used to repay state borrowing on the nearly $1 billion stadium.

[munkey]

Originally Posted by repulse

I've never heard of the Plouffe formula before, just googled it, seems like something I should have known already Neat stuff! HU pi-game for rolls?

The influence of the limits of human physical/mental ability probably have more bearing on game design than on game legality, but I feel like it plays a role in demonstrating that poker has plenty of uncertainty in outcomes other than those related to the shuffle of the cards.

When I first found out about the Plouffe formula I was pretty impressed that a nth formula existed. The methodology to find it I found more impressive and might interest you.

I'll have to decline the HU pi game for rolls for now
Unless I can hedge it off...

It really is silly for society to allegedly care entirely about explicit randomness when strategic uncertainty, time limitations, and other implicit randomness matter so much.

Agree. Explicit randomness has no unquantifiable uncertainty - we have the established laws of probability that have no problem understanding these 'Platonic' random variables.

I think most people think random -> uncertainty and deterministic -> certainty. I find the logistic map image with huge bifurcations is a good example IMHO It's the 'protorandomness' [h/t teh l8 Mandelbrot] that is much more complex and unquantifiable and makes poker, amongst many other things fun and interesting.

Edit: Logistic Map img scroll down to after (6)

[jonesse]

I am reading the book Positively Fifth Street by James McManus. I am learning some things about the history of Las Vegas.

[PokerXanadu]

Originally Posted by LastLife

Anyone want to give me a few ideas? I'm trying to come up with bullet points to explain the entire poker industry to a layman. Right now I have:

1. Definition of poker, poker terms, and rules
2. Hand Rankings
3. Types of Poker(Games and cash/tourneys)
4. Types of betting structures and how they differ
5. Places to play
6. Poker Tours/Series
6a WSOP and Televised poker
7. List of Pros
8. List of Celebrity/Politician/Althlete players
9. Basic Strategy
10. Poker History
11. Online Poker
12. Difference between poker, video poker, and tradition gambling
13. Poker equipment(tables, chips, dealers or online would be software,etc)
14. Tells
15. Sister (Related) Games
16. Types of tournament structures(turbo, shootout, etc)
17. Types of cash games(deep stack, etc)
18. Poker Odds(Odds of royal flush, etc, nothing too complicated)
19. Announcers/Hosts
20. News sources
21. Poker books
22. Training sites
23. Pop Culture(movies, songs)
24. Legislation


I think that I want to keep scams out of it. That's not really something that I want to spread around.

Edit

25. Poker forums
26. Poker charities

How about:

Poker site affiliates.
Connection between online poker boom and casino poker boom.
Professional players.
Tax revenues.
Player liquidity and govt ring-fencing.
Regulation and player protections.