The reward/risk ratio
The term ‘gambling’ is often confused with ‘risk assessment’. Entrepeneurs invest in the belief that the value of the investment will eventually outweigh the cost. But that is insufficient. If you invest £100,000 and make a profit after a year of hard work of just £5,000; then you would have done better putting your money in the bank and spending your time doing something more productive.
Successful business men make accurate assessments of reward/risk ratio. Sometimes they may get lucky or, alternatively unlucky. That is why they prefer to spread their risk. Poker players make similar calculations. But then we all know, poker is often more like real life than life itself.
Another bloody good GamblingMan
tip !
In Texas Hold'em
you
will see a pair 1 in every
16 hands
THANKS
GamblingMan
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