Navigation Links
Novice Poker Players Don't Know When to Walk Away

Analysis finds luck usually runs out for those who don't understand risk

SATURDAY, Jan. 16 (HealthDay News) -- Play more online poker and you'll get better and win, right?

Wrong, says a new study of gambling behavior that suggests players -- especially beginners -- win less money the more hands they play.

The findings, which came from a study of 27 million online poker hands, suggest that small stakes translate to more wins, while playing longer means you'll lose, occasionally by a whole lot.

According to Cornell University sociology doctoral student Kyle Siler, the findings show that "people overweigh their frequent small gains vis-a-vis occasional large losses, and vice versa."

The study, released online in advance of publication in an upcoming print issue of the Journal of Gambling Studies, also reports that pairs of small-numbered cards -- from twos to sevens -- are more valuable than pairs of eights, nines, 10s and Jacks for small-stakes players.

"This is because small pairs have a less ambiguous value, and medium pairs are better hands but have more ambiguous values that small-stakes players apparently have trouble understanding," Siler said.

Siler, a poker player himself, analyzed hands of No-Limit Texas Hold'em. "Riskiness may be profitable, especially in higher-stakes games, but it also increases the variance and uncertainty in payoffs," he said. "Living one's life, calibrating multiple strategies and managing a bankroll is particularly challenging when enduring wild and erratic swings in short-term luck and results."

More information

U.S. National Library of Medicine has details on compulsive gambling.

-- Randy Dotinga

SOURCE: Cornell University, news release, January 2010

Copyright©2010 ScoutNews,LLC.
All rights reserved

Related medicine news :

1. Free Ask a Doctor Online Services Can Save Lives with Both Expert and Novice Input
2. Sitting at the Virtual Poker Table: Results From First Ever Epidemiological Study of Actual Internet Poker Gaming Behavior, in Press
3. Supermodel Helena Houdova & Roberta Armani Host 2nd Annual Sunflower Children Poker Benefit
4. Gamma Labs to Boost Testosterone At World Series of Poker In Las Vegas
5. Small Businesses In Singapore Outmarkets & Outperforms Bigger Players in Tough Economy With Online Marketing
6. Reportlinker Adds EMR 2010 (Market Analysis, ARRA Incentives, Key Players, and Important Trends)
7. Oversized College Football Players May Face Heart Risks
8. Reportlinker Adds Key Players and Innovative Start-Ups in Nutraceuticals: Emerging Strategies in Ingredients, Pharma, Food and Drinks
9. St. Andrews Country Club Announces Dates and Players for Third Annual Morgan & Friends Fight Cancer Tournament
10. Young tennis players who play only 1 sport are more prone to injuries
11. House Judiciary Committee Hearing Calls Attention to Long-Term Effects of Head Injury Among NFL Players
Post Your Comments:
(Date:11/27/2015)... ... , ... A simply groundbreaking television series, "Voices in America", which is hosted ... array of issues that are presently affecting Americans. Dedicated to providing the world with ... changing the subjects consumers focus on, one episode at a time. , In ...
(Date:11/27/2015)... (PRWEB) , ... November 27, 2015 , ... ... the largest, most successful and prominent nonprofit healthcare organizations in the country. They ... involvement with various organizations, and helped advance the healthcare industry as a whole ...
(Date:11/26/2015)... ... 2015 , ... Patients at Serenity Point Recovery, a holistic ... Thanksgiving Day to share the things that they are most grateful for today. ... channel, patients displayed what they wrote on index cards, describing the things that ...
(Date:11/26/2015)... , ... November 26, 2015 , ... ... workshops to discuss bioavailability and the need to integrate dose form selection in ... collaboration with OBN, the membership organization supporting and bringing together the UK’s emerging ...
(Date:11/26/2015)... ... November 26, 2015 , ... ... of retro-fused, self-animating trailer titles with ProTrailer: Vintage. This newly styled ProTrailer pack ... trailer titles work with any font, giving users limitless opportunities to stylize and ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... -- ) has announced the ... Viscosity Drugs" report to their offering. ... of the "Self Administration of High Viscosity ... Research and Markets ( ) has ... of High Viscosity Drugs" report to their ...
(Date:11/25/2015)... DUBLIN , Nov. 25, 2015 /PRNewswire/ ... announced the addition of the "Global ... to their offering. --> ... "Global Brain Monitoring Devices Market 2015-2019" ... Research and Markets ( ) ...
(Date:11/25/2015)... 25, 2015  Linden Care, LLC, a retail specialty ... for patients suffering from chronic pain, said today that ... Restraining Order (TRO) enjoining Express Scripts from unilaterally terminating ... --> --> The company ... legal options. --> --> ...
Breaking Medicine Technology: