Playing loose and aggresive
In all wagering activities you should try to buck the market. If the stock market is high, that is the time to sell. You may miss the final flourish before shares plummet, but you cannot time things perfectly.
When betting on a horse, you should be looking for a bet which is good value for what you perceive to be the horse’s chances.
When playing poker, the playing may be slow and cautious. You should play loosely and aggressively. But be careful, the last thing you want is for your hand always to be up against the lone best hand at the table. If the game is vigorous and loose, you should play more defensively and tighter.
Wednesday, February 22, 2006
Wednesday, February 15, 2006
It takes all sorts
I was recently in Richmond Market. The stall-holder told me she had won £20,000 on a scratch card. She spent some of the money on a holiday and some on a new car. She blew the rest gambling it away. ‘But I thoroughly enjoyed myself,’ she told me.
Such a person is by no means a degenerate gambler. She receives value from the bet in the form of enjoyment and does not gamble beyond her means.
It all leaves me cold, but who am I to knock other people’s pleasure?
