Poker vs The Stock Market
Genuinely I have been very anti gambling & very pro investment. Whilst I am too scared to play poker for money, I do now understand that actually, for me, the reverse is true. I have spent too long listening to experts predict share prices with little understanding of the fundamentals. Sentiment plays too big a part in stock broking and the only real jargon I understand is the gearing and obviously the dividend. Poker on the other hand can be understood very quickly, unlike other types of gambling, you can play games only when the odds are in your favour.Since we are talking about playing the odds as opposed to gambling, I believe that girls make better poker players than men. Admittedly my experience of this is limited to one afternoon at poker, although my experience of men is far more than that! Make of that what you will!Fundamentally men react with testosterone. Couple that with a little poker adrenaline and its easy to see how they can bet their homes, their cars, and their wives. Conversely woman tend to be risk averse. Ok I am generalising. I am the one responsible in our home for higher risk investments, but risky gamble, no way!Perhaps I am making too much of this. Our friendly game could easily have become anything but. The girls played as if the play money was real, we played the poker odds and despite some regrets at folding preflop became the ultimate champions. The men, gambled on hands that should have been renegated to the bottom of the pile, had some amazing luck and looked like they would win through. They were also predictably arrogant.Long term, playing against the odds will never pay, everyone will inevitably be dealt some luck, we all have access to the same cards in the pack. By playing only safe hands with an unpredictable betting strategy will help fill the pot. With the odds in your favour, long term strategy and knowing when to bow out must be a winning combination for even amateur players.
Clearly this has little to do with the website YapYapOK. But it is a little like investment. You dont need to gamble in poker to win. Like investment, you know what is infront of you when you choose your investment. Certainn outside factors may effect the value of that investment after you have bought into it. These factors may effect the value negatively, in investment you can pull out at a loss or hope or hope that better news may come soon. Like investment, a great poker hand can look mediocre after the flop. Time to cut your losses and fold. Alternatively a flop can make a good hand great, up your ante and your odds on to win!
Coincidentally, I learnt to play poker this week ( yes am winning), and this morning an advert appeared labelled Make Money with Forex on YapYapOK free classified site, aka the foreign exchange market. This is a bit like shares, although maybe a little clearer for Joe Punter to get their head around. Unlike shares, this is "betting" on currency. Many banks offer this facility and I have various members of my family who have found it to be extremely lucrative.So this was completely off topic, but it is Saturday & I am getting ready to join my husband and son on the beach with about a few friends and their children a very generous barbeque and lots of wine.To make this fully worthwhile - YapYapOK free business and classified ads
Genuinely I have been very anti gambling & very pro investment. Whilst I am too scared to play poker for money, I do now understand that actually, for me, the reverse is true. I have spent too long listening to experts predict share prices with little understanding of the fundamentals. Sentiment plays too big a part in stock broking and the only real jargon I understand is the gearing and obviously the dividend. Poker on the other hand can be understood very quickly, unlike other types of gambling, you can play games only when the odds are in your favour.Since we are talking about playing the odds as opposed to gambling, I believe that girls make better poker players than men. Admittedly my experience of this is limited to one afternoon at poker, although my experience of men is far more than that! Make of that what you will!Fundamentally men react with testosterone. Couple that with a little poker adrenaline and its easy to see how they can bet their homes, their cars, and their wives. Conversely woman tend to be risk averse. Ok I am generalising. I am the one responsible in our home for higher risk investments, but risky gamble, no way!Perhaps I am making too much of this. Our friendly game could easily have become anything but. The girls played as if the play money was real, we played the poker odds and despite some regrets at folding preflop became the ultimate champions. The men, gambled on hands that should have been renegated to the bottom of the pile, had some amazing luck and looked like they would win through. They were also predictably arrogant.Long term, playing against the odds will never pay, everyone will inevitably be dealt some luck, we all have access to the same cards in the pack. By playing only safe hands with an unpredictable betting strategy will help fill the pot. With the odds in your favour, long term strategy and knowing when to bow out must be a winning combination for even amateur players.
Clearly this has little to do with the website YapYapOK. But it is a little like investment. You dont need to gamble in poker to win. Like investment, you know what is infront of you when you choose your investment. Certainn outside factors may effect the value of that investment after you have bought into it. These factors may effect the value negatively, in investment you can pull out at a loss or hope or hope that better news may come soon. Like investment, a great poker hand can look mediocre after the flop. Time to cut your losses and fold. Alternatively a flop can make a good hand great, up your ante and your odds on to win!
Coincidentally, I learnt to play poker this week ( yes am winning), and this morning an advert appeared labelled Make Money with Forex on YapYapOK free classified site, aka the foreign exchange market. This is a bit like shares, although maybe a little clearer for Joe Punter to get their head around. Unlike shares, this is "betting" on currency. Many banks offer this facility and I have various members of my family who have found it to be extremely lucrative.So this was completely off topic, but it is Saturday & I am getting ready to join my husband and son on the beach with about a few friends and their children a very generous barbeque and lots of wine.To make this fully worthwhile - YapYapOK free business and classified ads
Posted via email from Yap Yap OK. Daily Blog of the UKs superior FREE classified site
No comments:
Post a Comment