Navigation Links
Novice Poker Players Don't Know When to Walk Away
Date:1/17/2010

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:
*Name:
*Comment:
*Email:
(Date:2/9/2016)... ... February 09, 2016 , ... Cirracore Enterprise ... enterprises move workloads to the cloud. Cirracore provides a secure VMware® vCloud ... traversing the Internet. Transformation Solutions (TSL Partners) provides a full range of ...
(Date:2/9/2016)... (PRWEB) , ... February 09, 2016 , ... ... specialty pharmacies, announces today the continuation of the ‘Pay It Forward’ program into ... prescription referral received at our specialty pharmacy. , “Since our Pay It ...
(Date:2/9/2016)... ... February 09, 2016 , ... On January 12, 2016 Paul ... appointment after they noticed their furnace not producing any heat. Shortly after entering the ... cracked heat exchanger was leaking dangerous levels of carbon monoxide into the home, at ...
(Date:2/9/2016)... ... February 09, 2016 , ... The ... Herberger’s and Younkers department stores, announced it has raised $176,000 to benefit the ... Holden Comprehensive Cancer Center at the University of Iowa, The Lynn Sage Cancer ...
(Date:2/9/2016)... ... 09, 2016 , ... ZipHearing.com is proud to ... hearing aids , increase industry transparency, and promote awareness of hearing solutions ... “For the average consumer, the hearing aid industry is esoteric and difficult to ...
Breaking Medicine News(10 mins):
(Date:2/9/2016)... N.J. , Feb. 9, 2016  Bluestar Silicones ... (LSR) product line for long-term implant applications and ... Medical Design & Manufacturing (MD&M) West Conference (Booth ... --> --> ... Silbione® Biomedical LSRs offer outstanding physical properties enabling ...
(Date:2/8/2016)... Respiratory Devices - Medical Devices Pipeline ... sector report, " Respiratory Devices - Medical Devices ... Respiratory Devices currently in pipeline stage. The ... with comparative analysis of the products at various ... involved in the pipeline product development. It also ...
(Date:2/8/2016)... 8, 2016 CBG Technologies, a U.S. ... Solvent Recycling Systems, specifically designed for precision parts ... new and existing vapor degreasers, parts washers and ... through continuous recycling and recovers 100% of the ... --> Precision parts manufacturers benefit from ...
Breaking Medicine Technology: