poker-gamblingman tag:blogger.com,1999:blog-21432728 2006-03-10T07:35:13Z Blogger
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 true Gamblingman 2006-03-09T23:34:00-08:00 2006-03-10T07:35:13Z 2006-03-10T07:35:13Z tag:blogger.com,1999:blog-21432728.post-114197611382567676 Deception a key to poker success
Deception is probably even more important in poker than a straightforward bluff. Thus you come out betting with a drawing hand, rather than a made one. For example holding KH 10H with a flop of AH 6S 2H in hold’em. Your opponent is more likely to think you hold an Ace than the nut flush draw. Now, wonders of wonders, the turn card brings AH 6S 2H 8H. A check may elicit a bet from your opponent, because he now represents the flush that you actually hold. If he has made a flush you have nothing to fear. He will bet and you can get ready to go all-in. Nobody believes another player has a flush in hold’em when they themselves hold one.

Pointing your opponents in the wrong direction can be highly profitable.
false Gamblingman 2006-02-28T01:45:00-08:00 2006-02-28T07:47:02Z 2006-02-28T07:47:01Z tag:blogger.com,1999:blog-21432728.post-114111282198939194 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.
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